<p>It would also decrease the acceptance rate. But would NU go pass 8000 students? If more students want to apply into the undergraduate business school, I'm sure it would affect the other schools' departments if Northwestern does not change its total student population. And there's already the housing dilemma on-campus.</p>
<p>Sorry, but I'm confused"</p>
<p>What exactly is an "undergrad business major"? In my day, it was a major at state U's for the guys (mostly) who couldn't hack it in any other major. Obviously, that's not what Wharton or others are doing. So what is the beast? How is it different from a state U accounting degree? An MIT econ degree? An applied math degree (if you like quant finance...)?</p>
<p>I fear that what the customers (pardon me, students and their parents) want, in truth, is the prestige of an elite MBA without the extra years. After all, isn't that what the Wharton undergrads are getting? IF not this, then what, especially given the flexibility of mix and match undergrad majors and minors.</p>
<p>most students are after the $$$, they want big bucks, 3 houses at different locations, a ferrari, a porsche and a rolls royce. after that, they are gonna have hot girls killing each other to win their love, they're gonna have wild sex-which is the ultimate freudian goal in life</p>
<p>not only sex, they can alse express their aggression. For example, if u have $$$, u can hire professional killers to murder all ur enemies in high school.......... lol, i was just kidding :)</p>
<p>I am not sure actually, newmassdad. In that article, one of the Kellogg students that were interviewed went to Wharton as undergrad. So I doubt it's not the same thing as MBA. I am actually not clear myself as I don't work in the finance field.</p>
<p>This is sad. </p>
<p>The issue of why companies pay extreme sums to new MBA grads has been studied and debated endlessly, by, who else, business school profs, especially the economists.</p>
<p>As I recall, most of the wage premium seems to arise from the admissions selectivity of top programs. It seems this selectivity becomes substitute for employment screening. In other words, the company delegates selection of some kinds of employees to the admissons office of top MBA programs.</p>
<p>The sad part is that, while some undergrad program grads, like Wharton's, may be able to take advantage of this phenomenon, I doubt it is very generalizable.</p>
<p>So newsmadd, do you think undergrad (top-tier) business programs are worth the cost and experience?</p>
<p>In terms of monetary terms, it seems like top MBA programs' worth it. The average salary+bonus almost double once you get out of one of their programs. Sure, there's also "opporunity cost" of the two years spent as full-time student; but one is most likely just working under the same company with like 5%/yr raise over that 2 year-period. The hard part is to get enough money to pay for one of those programs!</p>
<p>the average starting wages for a BS from a top undergrad business school is around $55,000 plus bonus. That's pretty good money at 22. In a few years you should be over 100K with the bonus. MBA's are growing less valuable every year.</p>
<p>Barrons should know, or will learn someday I hope, that the statistic he quoted is irrelevant. What matters is how the average starting salary for a bus degree undergrad compares to his/her peer undergrads from the same institution, and how career paths compare. To be more accurate, one would need to compare kids with similar entry stats etc, in order to separate out general institutional effects (the average Penn grad does better than the average Penn State grad, for example...) and student specific effects (those coming in with higher stats generally perform better and get better jobs, for example.)</p>
<p>So, with the information I have, I cannot say whether an undergrad bus degree from, say, Wharton, is worth it financially.</p>
<p>And I would ask barrons why top school MBA starting salaries are rising if they are "growing less valuable every year"?</p>
<p>lol, everyone is after DA MONEY. Americans are too materialized. seriously, do u learn much in a business program besides how to make $$$? BTW, i'm going to a school w/ top-tier biz program</p>
<p>I'm just a HS senior, but I'd like to throw my two cents into the ring. Next year I'll be attending Wharton (applied ED) for a degree in marketing and some kind of management, maybe healthcare. When I was considering schools, I toured Northwestern and fell in love with it. Even thought I wanted a business degree, it still seemed like a great place to go and study economics and the BIP program. The lack of an undergrad program was what eventually turned me off of NU, though. </p>
<p>It seemed silly that a school with such a high national ranking each year and such a strong interest for business shown by the student body didn't meet that demand. NU is in a prime location to thrive as an undergrad school--great grad school core, excellent location to attract speakers and extra programs, and a good place to stick around in the summer and do an internship.</p>
<p>I'll admit that I'm on the preprofessional track, but I think that an undergrad biz program would only boost NU's reputation and rankings. Here's the proof that they lost one applicant because of their current offerings.</p>
<p>memz005, congratulations!!! u must be very smart</p>
<p>I doubt that, but thanks.</p>
<p>Very few if any schools--especially the privates like to publish placement data. There was a thread about this a few weeks ago and a sample of privates was found. Few of them outside of engineering schools (MIT) had average salaries much above $40,000 or so and none were near $50,000 except Cal Tech.</p>
<p>"Very few if any schools--especially the privates like to publish placement data. There was a thread about this a few weeks ago and a sample of privates was found. Few of them outside of engineering schools (MIT) had average salaries much above $40,000 or so and none were near $50,000 except Cal Tech."</p>
<p>If the above is true, then how can one also say:</p>
<p>"the average starting wages for a BS from a top undergrad business school is around $55,000 plus bonus. That's pretty good money at 22. In a few years you should be over 100K with the bonus."</p>
<p>Anyone else see an inconsistency here?</p>
<p>In fact, the data is available, it is just that it does NOT support barrons' claims:</p>
<p>If you go to that link, you will see that, based on national averages, accounting majors receive more first year than business majors, to use juse just one example.</p>
<p>That's because good b schools have THEIR OWN placement office and they keep very detailed stats. What you have is the average data for all schools. Go look at the Virginia and UM undergrad business data. Also here's the MBA backup you needed</p>
<p>Here's last year's data for UVa and UM, 2005 offers are running around 5-10% higher.</p>
<p>barrons,</p>
<p>The stats in your links are not too far out of line with those in the link I posted. Besides, I would expect name schools like Mich and UVA to do a bit better than less prestigious schools, just like the rest of their non business grads would do better. </p>
<p>So what? I still see no evidence that BS bus students do better than their fellow grads.</p>
<p>Your own data shows the most popular and hardest business majors--finance and accting to have averages about 30% more than liberal arts majors such as history, english, psych. Also I would say beating the average by at least 30% again for UM and UVa finance majors is pretty big. That's about 80% more than the average LA grad in your data. Why don't you provide proof that LA grads do better--even from highly respected schools?? My data is on the table.</p>