University of Iowa News Release
May 1, 2006
Business Week Ranks Tippie College Among Top 50 Undergraduate Programs
In its first ranking of undergraduate business programs, Business Week magazine has placed the Tippie College of Business at the University of Iowa 39th among the top programs in the United States.
The Tippie College, which enrolled 1,435 full-time students in 2005-2006, was ranked 16th among public universities. It was the only Iowa school listed in the ranking of the top 50 undergraduate business schools.
To determine the ranking, Business Week surveyed 84 universities chosen from among more than 1,000 nationwide. It sent surveys to 100,000 business majors, asking them about topics such as teaching quality and student life. To find out how students fared after graduation, Business Week surveyed 2,000 recruiters and studied starting salaries.
The ranking also includes graduates' starting salaries, program success in sending students to top MBA programs, and several measures of academic quality, including faculty-student ratios and average SAT/ACT scores. Another critical factor in the rankings was university admission selectivity.
"We're happy to be included in this select group of top 50 undergraduate programs," said Nancy Hauserman, associate dean of the Tippie College Undergraduate Program. "Our program is placing students in the best companies in the U.S. and providing a superb educational experience."
According to the Pomerantz Career Center, 95 percent of May 2004 business undergraduates surveyed were placed in professional positions, and 70 percent were permanently employed within six months of graduation.
The new Career Center and the entrepreneurship program from the John Pappajohn Entrepreneurial Center received high praise from students in the survey, as did Tippie College facilities and services.
"In recent years, programs such as the Hawkinson Institute, John Pappajohn Entrepreneurial Center and Vaughan Institute of Risk Management and Insurance have developed, providing resources to students on par with other top institutions," said one student. "Without a doubt, there is no place I'd rather be. Despite East and West Coast attitudes that we're 'just' Iowa, there is a prevailing sense of hard work and ambition reverberating through the halls of Pappajohn. The undergraduate business program has vastly exceeded my expectations. I have learned how to manage my time, lead a group of people and make wonderful friends while receiving an excellent education."
Hauserman noted that the exclusivity measure in the ranking puts a public university like the UI at a disadvantage because the university accepts Iowa students who graduate in the top 50 percent of their high school class, while private and many public universities have more selective admissions criteria.
"Our university sees part of its mission as serving the people in this state," Hauserman said.
The full Business Week rankings are available at http://www.businessweek.com/bschools/undergraduate/index.html
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