There are 644 BBAs in the class of 2021 and people are saying there could be nearly 700 BBAs in class of 2022 after LSA and COE transfers next summer. Didn’t it used to be only 500 BBAs per year? I feel like this dramatic growth diminishes the Ross BBA cachet. And doesn’t this extra competition make the college even more cutthroat for the most selective internships and FT jobs? A bit unsettling tbh. Anyone know the justification for the growth? Like did Ross request it or just wanting to appeal to OOS families
Michigan doesn’t need to appeal to anyone. Their program “sellout” if you will every year. I think you want to grow your successful programs. Just more opportunities for more students.
^^^ If they add 150 plus seats to my year, you think Goldman, JPM, elite boutiques, MBB consulting will be hiring 100 more of us each cycle? I bet my life savings no. So the college sells us out to haul in extra $8 million plus per year in extra tuition and now we have to deal with even more competition for scarce top offers. And the cachet of being in Ross as an undergrad isn’t what it once was because it’s no longer going to be seen as super exclusive.
Why would Goldman Sachs reduce their hiring? The top students there will still be available to them. The more relevant question is whether expanding of enrollment will lead everyone to get good jobs, not whether the top students will still be able to get good jobs.
^^^ I didn’t mean they’d reduce, I meant if # of prestige offers stays the same, that means the huge classes are fighting for the same # of great jobs. Thus recruiting and overall backbiting is going to be so turned up. Only way bigger classes helps BBA students is if the prestige companies agreed in advance to offer more spots but that’s obviously unlikely.
It would be nice if students attended a college for the education it offers, not for the prestige they think the name brings. If they could get through four years without resorting to ruthless, backbiting behavior so much the better. If you think the value of the degree you’re going to earn in the next 4 years has been cheapened, you can always apply to transfer elsewhere.
Big business doesn’t exist to provide cushy jobs to UM grads, you know. They probably don’t care how many grads the college has from one year to the next. And UM’s mission statement probably doesn’t contain anything that limits their offerings to a set number of students. If a larger class means getting a great job out of college will be more competitive, then make sure you’re better than your classmates. That doesn’t mean you have to undercut them. You just have to outperform them.
Goldman hires LSA students too, just saying.
You can only control what you can control. I hope this really isn’t the mindset of the bba students in general. My engineering son got together with a bba student as a freshman and started a tech group that the bba student took charge on. After applying for a getting 2 grants worth $15,000 from Michigan from two different Michigan organizations on campus they worked all summer fine tuning with a graduate student. They spent the summer making a business plan and created a budget and had to use expense sheets to get approval to aquire certain things. They created a board and of course have board positions. They interviewed like 20 faculty in engineering and business. They are putting on a conference in the spring, if they get approval. I just say this because these kids are just controlling what they can control. I don’t think they are staying up at night worrying about their “competition”. They are actually creating something unique and having some fun to boot. They are separating themselves through a common interest. Plus yes, it will look great on a resume but it’s not why they did it. Some companies might see value in this and some might not. Just control what you can control.
It’s possible that larger class sizes can lead to more competition for the same pool of jobs. But, it’s only for the your first job, although, obviously, an important one.
Keep in mind, however, that your career will be long and at some point, having a large network of business and classmate contacts may come in handy. More classmates may be mean more job offers and more deals in the future.
Michigan grads are a loyal bunch so having more of them may not necessarily be a bad thing. It’s a delicate balance for sure.
Those firms you listed are hiring a lot more MBAs than BBAs. Just saying.
Are you sure there will be more total graduating students, or are there just more Ross pre-admits and fewer internal transfers? https://www.michigandaily.com/section/news/ross-aims-increase-number-pre-admits
^^^ @happy1 yes, I’m 100% sure. Class of 2021 is fully matriculated and Ross says there are 644 class of 2021 BBAs. And everyone is saying there will be even more 2022s.
@intparent Are you saying the employment surveys for BBAs is misleading? It says 40% of us will get $85,000 jobs in finance upon graduating, and lists GS and JPM as firms a lot of kids end up at.
@tranandy “It’s possible that larger class sizes can lead to more competition for the same pool of jobs. But, it’s only for the your first job, although, obviously, an important one.”
Yeah I mean we read the employment surveys and they look so good, then you find out class size grows by over 150 seats. It’s a bit unsettling. The previous employment surveys don’t really apply to us, I guess, because a lot of classmates are going to be getting the shot end of the stick as Ross absorbs this BBA growth.
This is great news for in-state students as the resident tuition rates are just 31% of non-resident rates. And if this results in more non-resident enrollment, then that means more funds for a state flagship university.
I do not think that it “waters down the brand”, but I do believe that competition for the best jobs will be more competitive.
It would be interesting to compare the number of undergraduates in Ross versus Wharton.
Per the article I linked: "This change (increasing the pre-admits) has also coincided with an expansion in class size from 580 students to 625 students between 2015 and 2016. So from my minimal googling 1) this change was planned and openly discussed and 2) the 500 number you had is probably pretty old as it seems there were 580 students in 2015.
In any event, as others say it is not useful to spend time worrying about things outside your control. Focus on doing the best you can at UM in every respect, enjoy the expereince, and take things from there.
@Publisher Off topic, but FWIW there are 2,500 Wharton undergrads which equates to about 625/year. A number of students pursue dual degrees. https://undergrad.wharton.upenn.edu/class-profile/
And they hire students who go to schools other than Michigan. Would you be complaining if Wharton increased its class size by 150? Were you angry when Cornell created an undergrad business school? You’re in competition with those students too. Also, are you thinking that all 700 (if that number is even correct) Ross BBAs want to work at big banks? If so, you are sorely mistaken. Very narrow POV.
If it’s important to you to be “competing” with a small number of classmates, you should have gone to Williams or Middlebury or Amherst. Lots of those grads go on to work in big banks, but their class cohorts are small and, I dare say, better educated since they are not studying “business.” Not everyone thinks as highly of Ross as you do. Many employers value philosophy, history, French, math, or physics majors.
Focus on being the best educated person you can be. Take a variety of courses. Take an ethics course. Work on yourself. Be kind. Don’t be a money-grubber. It’s very unbecoming.
Ross is a great school.
I think that it is unfair to label ambitious students simply as “money grubbers”.
Ross grads employed by I Banks & in management consulting tend to be very intelligent & extremely hardworking. These types of jobs demand 80 hour work weeks (72 hours to 90 hours) on average & often “require” an MBA after 3 or 4 years of work experience.
@Publisher Based on his posts, I don’t know if he’s ambitious. I just know that money and prestige, not education, are the top priorities for this poster. He got in, now he wants to close off access to others. Very poor behavior and emblematic of a lot of the issues in big banking: “I got mine, to hell with everyone else.”
I just calculated the average pay for one earning $90,000 for 50 weeks of work at 80 hours per week at $22.50 an hour. (They certainly earn their pay.)
It may be of interest to some that management consultants work primarily on Excel spreadsheets & PowerPoint presentations during their first couple of years–in addition to information gathering from clients. If promoted, most get to fly across the country every week–sometimes across the globe. (Although this could differ by firm.)