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Entrepreneurship Redux

Today, well over 400,000 students a year take courses in the subject, and almost 9,000 faculty members teach it.

Source: Kaufman Institute

The mind boggles. All these young people pursuing Higher ed taking Entrepreneurship classes. The Kaufman report provides a rare insight that moves beyond just a simple ranking.  

 

Entrepreneur Magazine

College

US NEWS

Business week

Linked in

1

Babson College

1

2

12

2

University of Houston

 

 

 

3

University of Southern California

2

7

 

4

Syracuse University

8

5

 

5

Baylor University

 

3

 

6

The University of Oklahoma

 

 

 

7

Stanford University

 

 

1

8

Washington University in St. Louis

 

9

 

9

Brigham Young University

 

 

 

10

Northeastern University

 

 

 

 

MIT

3

 

2

 

Bloomington

4

 

 

 

UPENN

5

 

6

17

U Arizona

6

10

 

16

UNC

7

 

 

 

UC Berkeley

8

 

5

 

U Texas

10

 

 

 

WPI

 

1

 

 

Cornell

 

4

 

22

TCU

 

6

 

 

Case Western

 

8

 

 

Harvard

 

 

3

 

Cal Tech

 

 

4

 

Dartmouth

 

 

7

 

UCLA

 

 

8

 

Princeton

 

 

9

 

Harverdord

 

 

10

 

Yale

 

 

11

 

Borwn

 

 

13

 

Northwestern

 

 

14

 

Harvey Mudd

 

 

15

 

Swarthmore

 

 

16

 

Claremont

 

 

17

 

Amherst

 

 

18

 

Williams

 

 

19

 

Swarthmore

 

 

20

 

Ironically, the university credited with offering the first course in Entrepreneurship, Harvard, just prevented two of their students taking their start up any further according to Bloomberg

What is the aspiring entrepreneur to do? Here is a couple of worthwhile endevors:

 

 

 

University of California opening their applications early

From UCLA Daily’s Bruin

 

The University of California will open its 2015-2016 admission application in August instead of October to give students more time to complete their application.

Submission will still be the month of November. 

 

Admissions redux 2014

 

American University : 6,927 offers out of 15,127 apps, 46 percent.

 Amherst College: 1,103 admission offers out of 8,468 applications, 13 percent.

Babson College1,721 offers out of 6,197 apps, 27.8% percent.

Bowdoin College: 1,032 offers out of 6,935 apps, 15 percent.

 

Boston College–34% admit rate (same as last year)

Boston U–34% (last year 37%)

Brown University: 2,619 offers out of 30,432 apps, 9 percent.

 

California Institute of Technology: 529 offers out of 6,524 apps, 8 percent.

Carleton College: 1,446 offers out of 6,293 apps, 23 percent.

Carnagie Mellon University4,767 offers out of 19,810 apps, 24.1 percent.

Claremont McKenna College: 613 offers out of 6,043 apps, 10 percent.

Colgate University: 2,224 offers out of 8,713 apps, 26 percent.

College of William and Mary : 4,738 offers out of 14,545 apps, 33 percent.

Columbia University: 2,291 offers out of 32,967 apps, 7 percent.

Conneticut College 36%

Cornell University: 6,014 offers out of 43,041 apps, 14 percent.

Dartmouth College: 2,220 offers out of 19,296 apps, 12 percent.

Davidson College: 1,169 offers out of 5,558 apps, 21 percent.

Duke University: 3,499 offers out of 32,506 apps, 11 percent.

Emory University: 4,616 offers out of 17,797 apps, 26 percent

Elon University5,397 offers out of 10,408 apps, 51.8 percent

Georgetown University : 3,232 admitted out of 19,501 apps, 17 percent.

George Washington University : 8,248 offers out of 19,028 apps, 43 percent. 

Georgia Tech–32%

Grinnell College: 1,626 offers out of 6,056 apps, 27 percent.

Hamilton College: 1,312 offers out of 5,017 apps, 26 percent.

Harvard University: 2,023 offers out of 34,295 apps, 6 percent.

Harvey Mudd College: 510 offers out of 3,678 apps, 14 percent.

Haverford College: no figures available yet.

Howard University : 4,867 offers out of 13,714 apps, 35 percent.

James Madison University : 14,675 offers out of 23,326 apps, 63 percent.

Johns Hopkins University : 3,586 offers out of 23,875 apps, 15 percent.

 Massachusetts Institute of Technology:1,419 offers out of 18,357 apps, 8 percent.

Middlebury College: 1,422 offers out of 8,196 apps, 17 percent.

New York University: 17,483 offers out of 52,000 apps (all campuses), 34% percent.

Northwestern University: 4,349 offers out of 33,673 apps, 13 percent.

Olin College102 offers out of 998 apps, 10.2 percent.

Pomona College: 938 offers out of 7,727 apps, 12 percent.

Princeton University: 1,939 offers out of 26,641 apps, 7 percent.

Rensslear Polytechnic University:  6,750 offers out of 18,569 apps, 36.4 percent.

Rice University:  2,498 offers out of 17,720 apps, 14 percent.

Sarah Lawrence University:  1,214 offers out of 2,387 apps, 50.9 percent.

Scripps College758 offers out of 2,782 apps, 27.2 percent.

Smith College: 1,802 offers out of 4,461 apps, 40 percent.

Stanford University: 2,138 offers out of 42,167 apps, 5 percent.

Swarthmore College: 930 offers out of 5,540 apps, 17 percent.

Trinity College2,461 offers out of 7,503 apps, 32.8 percent.

Tufts University3,315 offers out of 19,075 apps, 17.4 percent.

University of California at Berkeley: no figures available until April 18.

University of Chicago: 2,304 offers out of 27,503 apps, 8 percent.

University of Florida12,923 offers out of 12,923 apps, 44.1 percent.

The University of Illinois at Chicago has admitted 71 percent of its applicants for incoming freshmen. The university received 15,872 applications as of last week

University of Maryland : 12,419 offers out of 26,228 apps, 47 percent.

University of Maryland Baltimore County : 5,808 offers out of 10,081 apps, 58 percent.

University of Notre Dame: 3,720 offers out of 17,897 apps, 21 percent.

University of Pennsylvania: 3,583 offers out of 35,868 apps, 10 percent.

University of Southern California9,218 offers out of 51,788 apps, 17.8 percent.

University of Virginia : 8,970 offers out of 31,042 apps, 29 percent.

U.S. Military Academy: no figures available yet.

U.S. Naval Academy: no figures available yet.

Vanderbilt University: 3634 offers out of 29,490 apps, 12 percent.

Vassar College: 1,771 offers out of 7,784 apps, 23 percent.

Wake Forest College3,773 offers out of 11,053 apps, 34.1 percent

Virginia Tech : 14,230 offers out of 20,897 apps, 68 percent.

Washington and Lee University : 1,062 offers out of 1,062 apps, 18 percent.

Washington University in St. Louis: 5,002 offers out of 29,211 apps, 17 percent.

Wellesley College: 1,330 offers out of 4,710 apps, 28 percent.

Wesleyan University: 2,199 offers out of 9,477 apps, 23 percent.

Whitman College: ? offers out of 3,791 apps, 39.5 percent.

Williams College: 1,150 offers out of 6,316 apps, 18 percent.

Yale University: 1,935 offers out of 30,932 apps, 6 percent.

 

- See more at: http://www.internationalcounselor.org/#sthash.CK0rXY4M.dpuf

Admissions redux 2014

 

American University : 6,927 offers out of 15,127 apps, 46 percent.

 Amherst College: 1,103 admission offers out of 8,468 applications, 13 percent.

Babson College1,721 offers out of 6,197 apps, 27.8% percent.

Bowdoin College: 1,032 offers out of 6,935 apps, 15 percent.

 

Boston College–34% admit rate (same as last year)

Boston U–34% (last year 37%)

Brown University: 2,619 offers out of 30,432 apps, 9 percent.

 

California Institute of Technology: 529 offers out of 6,524 apps, 8 percent.

Carleton College: 1,446 offers out of 6,293 apps, 23 percent.

Carnagie Mellon University4,767 offers out of 19,810 apps, 24.1 percent.

Claremont McKenna College: 613 offers out of 6,043 apps, 10 percent.

Colgate University: 2,224 offers out of 8,713 apps, 26 percent.

College of William and Mary : 4,738 offers out of 14,545 apps, 33 percent.

Columbia University: 2,291 offers out of 32,967 apps, 7 percent.

Conneticut College 36%

Cornell University: 6,014 offers out of 43,041 apps, 14 percent.

Dartmouth College: 2,220 offers out of 19,296 apps, 12 percent.

Davidson College: 1,169 offers out of 5,558 apps, 21 percent.

Duke University: 3,499 offers out of 32,506 apps, 11 percent.

Emory University: 4,616 offers out of 17,797 apps, 26 percent

Elon University5,397 offers out of 10,408 apps, 51.8 percent

Georgetown University : 3,232 admitted out of 19,501 apps, 17 percent.

George Washington University : 8,248 offers out of 19,028 apps, 43 percent. 

Grinnell College: 1,626 offers out of 6,056 apps, 27 percent.

Hamilton College: 1,312 offers out of 5,017 apps, 26 percent.

Harvard University: 2,023 offers out of 34,295 apps, 6 percent.

Harvey Mudd College: 510 offers out of 3,678 apps, 14 percent.

Haverford College: no figures available yet.

Howard University : 4,867 offers out of 13,714 apps, 35 percent.

James Madison University : 14,675 offers out of 23,326 apps, 63 percent.

Johns Hopkins University : 3,586 offers out of 23,875 apps, 15 percent.

 Massachusetts Institute of Technology:1,419 offers out of 18,357 apps, 8 percent.

Middlebury College: 1,422 offers out of 8,196 apps, 17 percent.

New York University: 17,483 offers out of 52,000 apps (all campuses), 34% percent.

Northwestern University: 4,349 offers out of 33,673 apps, 13 percent.

Olin College102 offers out of 998 apps, 10.2 percent.

Pomona College: 938 offers out of 7,727 apps, 12 percent.

Princeton University: 1,939 offers out of 26,641 apps, 7 percent.

Rensslear Polytechnic University:  6,750 offers out of 18,569 apps, 36.4 percent.

Rice University:  2,498 offers out of 17,720 apps, 14 percent.

Sarah Lawrence University:  1,214 offers out of 2,387 apps, 50.9 percent.

Scripps College758 offers out of 2,782 apps, 27.2 percent.

Smith College: 1,802 offers out of 4,461 apps, 40 percent.

Stanford University: 2,138 offers out of 42,167 apps, 5 percent.

Swarthmore College: 930 offers out of 5,540 apps, 17 percent.

Trinity College2,461 offers out of 7,503 apps, 32.8 percent.

Tufts University3,315 offers out of 19,075 apps, 17.4 percent.

University of California at Berkeley: no figures available until April 18.

University of Chicago: 2,304 offers out of 27,503 apps, 8 percent.

University of Florida12,923 offers out of 12,923 apps, 44.1 percent.

The University of Illinois at Chicago has admitted 71 percent of its applicants for incoming freshmen. The university received 15,872 applications as of last week

University of Maryland : 12,419 offers out of 26,228 apps, 47 percent.

University of Maryland Baltimore County : 5,808 offers out of 10,081 apps, 58 percent.

University of Notre Dame: 3,720 offers out of 17,897 apps, 21 percent.

University of Pennsylvania: 3,583 offers out of 35,868 apps, 10 percent.

University of Southern California9,218 offers out of 51,788 apps, 17.8 percent.

University of Virginia : 8,970 offers out of 31,042 apps, 29 percent.

U.S. Military Academy: no figures available yet.

U.S. Naval Academy: no figures available yet.

Vanderbilt University: 3634 offers out of 29,490 apps, 12 percent.

Vassar College: 1,771 offers out of 7,784 apps, 23 percent.

Wake Forest College3,773 offers out of 11,053 apps, 34.1 percent

Virginia Tech : 14,230 offers out of 20,897 apps, 68 percent.

Washington and Lee University : 1,062 offers out of 1,062 apps, 18 percent.

 

Washington University in St. Louis: 5,002 offers out of 29,211 apps, 17 percent.

Wellesley College: 1,330 offers out of 4,710 apps, 28 percent.

Wesleyan University: 2,199 offers out of 9,477 apps, 23 percent.

Williams College: 1,150 offers out of 6,316 apps, 18 percent.

Yale University: 1,935 offers out of 30,932 apps, 6 percent.

 

- See more at: http://www.internationalcounselor.org/#sthash.CK0rXY4M.dpuf

Data mining College career reports

Most colleges have very active career centers. Most career centers track their students outcomes after graduation. Simply google “career Services” + “college name” and you should be able to find the center, then look for the report. There is no standarization of the information. But still it can be helpful. Below is a list put toghter by the folks at  College Confidential
CWRU http://students.case.edu/careers/students/explore/survey/doc/fds2011.pdf
Colorado School of Mines: Salary Survey and Annual Report
Colorado State: The Colorado State University Career Center | Students | Major and Career Exploration
Cornell: Postgraduate Report and Survey | College of Agriculture and Life Sciences (College of Agriculture and Life Sciences), Cornell Engineering: Post Graduate Reports (College of Engineering)
Dayton: Career Services : University of Dayton, Ohio
Delaware: Career Plans
Florida State: Statisctics on FSU Students and Communication – Matching Majors to Occupations – The Career Center – Linking Futures
Georgia Tech: http://www.adors.gatech.edu/assessment/adors/commencement/salary_report.cfm
James Madison: JMU – Survey Data and Career and Academic Planning – James Madison University
Kansas State: Salary and Occupational Information | Students | CES | Kansas State University
Lehigh:http://careerservices.sites.lehigh.edu/docs/Undergraduate%20Placement%20Report%202011.pdf
Massachusetts Institute of Technology: Survey Data | MIT Global Education & Career Development
Michigan: Employment Data – Stephen M. Ross School of Business (business), Salary data for liberal arts majors | Career Center (liberal arts), http://career.engin.umich.edu/employers/oncampus/guide-for-recruiters.pdf (engineering)
Rensselaer Polytechnic Institute:http://rpi.edu/dept/cdc/students/jobsearch/offers/Copy%20of%202012_Average_Salaries_FINAL.pdf(2012), http://rpi.edu/dept/cdc/CCPD_Annual_Report_2011%20(2).pdf (2011),http://rpi.edu/dept/cdc/students/jobsearch/offers/consumerinfo.html and Publication Name: (2010)
Rochester Institute of Technology: Students – Salary Data | Office of Co-op and Career Services
Rose Hulman: Recruitment & Employment Statistics – Career Services – Offices & Services | Rose-Hulman
San Jose State: Career Center | Employment/Salary Data | San Jose State University
Stanford: Stanford Salary Statistics | Student Affairs
Stevens Institute of Technology:https://www.stevens.edu/sit/sites/default/files/Class_of_2012_Outcomes_Report_Final.pdf
Syracuse: http://careerservices.syr.edu/pdf/2011/2011-placement-report.pdf

The best path to success in business starts with a major in…

business liberal arts.

Don’t believe me? Consider this research conducted from Linked in :

Forbes used LinkedIn member data to rank schools based on the number of alumni that are founders of companies with 10 or more employees. Despite the legitimacy—or lack thereof—of the methodology, the list does provide perspective on the types of higher-education institutions that are churning out large numbers of job creators.

Below is the list of the 20 most Entrepreneurial colleges. Note those marked with an asterix (*) do not even offer an undergraduate business program:

 

College

Linked in

Rank

Stanford University*

1

MIT

2

Harvard*

3

Cal Tech

4

UC Berkeley**

5

UPENN

6

Dartmouth*

7

UCLA**

8

Princeton*

9

Harverdord*

10

Yale*

11

Babson College

12

Brown*

13

Northwestern**

14

Harvey Mudd*

15

Swarthmore*

16

Claremont

17

Amherst*

18

Williams*

19

Hampshire*

20

Those marked with double asterix (**) have a business program, but special conditional apply. As you can see, only 3 of the top 10 even offer business. UCLA offers a business economics, while CAL only has a program that starts junior year. Northwestern offers a business certificate. Babson, widely considered to have the best entreprenuerial program in the US places number 11 when it comes to alumni starting their own business. 

The liberal arts and sciences colleges (LACS) are well represented in this list with 7 of the 20. Indeed, the liberal arts really do provide the perfect education for the world of business, according to a Coke VP:

“I never had finance or accounting, yet I help run a huge business,” the visiting Woodrow Wilson Fellow said. “I learned communications, research and critical thinking” in liberal arts and religious studies at Hamilton College and Yale, respectively. At Coke, “I blew right by the [business majors].”

He is not alone: many CEO’s majored in a humanities or liberal arts major. Moeover CEO’s llike to hire people from the LAC:

The survey of CEOs by the Association of American Colleges and Universities found that 74 percent said they would recommend a 21st-century liberal education in order to create a more dynamic worker. The survey of 320 business leaders was conducted in January. Results were released last week….

“If someone’s studied literature, they know people and have insight into themselves and customers,” said Fromm, who majored in journalism. “I find people that have a liberal arts background have a broader view of the world and will go farther in business.”

This trend is so important that business schools are getting in on the act of liberalizing their business majors

Will the real best business school please stand up?

Linked in has an interesting essay comparing USNEWS ranking of undergraduate business school rankings with the just released Businessweek rankings. Why are they so different? The answer comes down to the metrics used to evaluate:

What accounts for these often dramatic differences in measuring the exact same programs? It all comes down to methodology. U.S. News has the simpler system. Its ranking is based on an annual survey of deans and senior faculty at undergraduate business programs. Nothing else. Not SAT scores, acceptance rates, or starting salaries.

In contrast, BusinessWeek’s methodology is based on five different components: student assessment (30%), academic quality metrics (30%), employer opinion (20%), median starting salary (10%), and a “feeder school” score (10%), which reflects how many students undergrad programs send to top MBA programs. The academic quality metrics include average SAT score, average class size, student/faculty ratio, percentage of students with business-related internships, and average number of hours students spend on coursework per week.

In other words: USNEWS is lazy. See the difference yourself:

BW Ranking

School Name

USNews Ranking

1st

University of Notre Dame

Mendoza College of Business

10

2nd

University of Virginia

McIntire School of Commerce

5

3rd

Cornell University

Dyson School of Applied Economics & Management

10

4th

Boston College

Carroll School of Management

22

5th

Washington University, St. Louis

Olin Business School

13

6th

University of Texas, Austin

McCombs School of Business

8

7th

University of Pennsylvania

The Wharton School

1

8th

Indiana University

Kelley School of Business

10

9th

Emory University

Goizueta Business School

13

10th

University of North Carolina, Chapel Hill

Kenan-Flagler Business School

7

Shown another way:

USNews Ranking

School Name

BW Ranking

 

 

 

1

University of Pennsylvania

The Wharton School

7th

2

MIT

NR

2

University of Berkeley

15

2

University of Virginia

2

5

NYU

14

5

University of Virginia

McIntire School of Commerce

2

7

University of North Carolina, Chapel Hill

Kenan-Flagler Business School

10

8

University of Texas, Austin

McCombs School of Business

6

8

Canargie Mellon

17

10

Indiana University

Kelley School of Business

8

10

University of Notre Dame

Mendoza College of Business

1

10

Cornell University

Dyson School of Applied Economics & Management

3rd

 


More numbers for admission cycle 2014

From Washington Post:

 

Amherst College: 1,103 admission offers out of 8,468 applications, 13 percent.

Bowdoin College: 1,032 offers out of 6,935 apps, 15 percent.

Brown University: 2,619 offers out of 30,432 apps, 9 percent.

California Institute of Technology: no figures available yet.

Carleton College: 1,446 offers out of 6,293 apps, 23 percent.

Claremont McKenna College: no figures available yet.

Colgate University: 2,224 offers out of 8,713 apps, 26 percent.

Columbia University: 2,291 offers out of 32,967 apps, 7 percent.

Cornell University: 6,014 offers out of 43,041 apps, 14 percent.

Dartmouth College: 2,220 offers out of 19,296 apps, 12 percent.

Davidson College: 1,169 offers out of 5,558 apps, 21 percent.

Duke University: 3,499 offers out of 32,506 apps, 11 percent.

Emory University: no figures available yet.

Grinnell College: 1,626 offers out of 6,056 apps, 27 percent.

Hamilton College: 1,312 offers out of 5,017 apps, 26 percent.

Harvard University: 2,023 offers out of 34,295 apps, 6 percent.

Harvey Mudd College: 510 offers out of 3,678 apps, 14 percent.

Haverford College: no figures available yet.

Massachusetts Institute of Technology:1,419 offers out of 18,357 apps, 8 percent.

Middlebury College: 1,422 offers out of 8,196 apps, 17 percent.

Northwestern University: no figures available yet.

Pomona College: 938 offers out of 7,727 apps, 12 percent.

Princeton University: 1,939 offers out of 26,641 apps, 7 percent.

Rice University: no figures available yet.

Smith College: 1,802 offers out of 4,461 apps, 40 percent.

Stanford University: 2,138 offers out of 42,167 apps, 5 percent.

Swarthmore College: 930 offers out of 5,540 apps, 17 percent.

University of California at Berkeley: no figures available until April 18.

University of Chicago: 2,304 offers out of 27,503 apps, 8 percent.

University of Notre Dame: 3,720 offers out of 17,897 apps, 21 percent.

University of Pennsylvania: 3,583 offers out of 35,868 apps, 10 percent.

U.S. Military Academy: no figures available yet.

U.S. Naval Academy: no figures available yet.

Vanderbilt University: no figures available yet.

Vassar College: 1,771 offers out of 7,784 apps, 23 percent.

Washington University in St. Louis: 5,002 offers out of 29,211 apps, 17 percent.

Wellesley College: 1,330 offers out of 4,710 apps, 28 percent.

Wesleyan University: 2,199 offers out of 9,477 apps, 23 percent.

Williams College: 1,150 offers out of 6,316 apps, 18 percent.

Yale University: 1,935 offers out of 30,932 apps, 6 percent.

American University : 6,927 offers out of 15,127 apps, 46 percent.

 

Catholic University : no figures available yet.

 

College of William and Mary : 4,738 offers out of 14,545 apps, 33 percent.

George Mason University : no figures available yet.

 

Georgetown University : 3,232 admitted out of 19,501 apps, 17 percent.

 

George Washington University : 8,248 offers out of 19,028 apps, 43 percent. Note: GW was the subject of a recent Post story that looked inside the workings of an admissions committee.

 

Howard University : 4,867 offers out of 13,714 apps, 35 percent.

 

James Madison University : 14,675 offers out of 23,326 apps, 63 percent.

Johns Hopkins University : 3,586 offers out of 23,875 apps, 15 percent.

 

St. Mary’s College of Maryland : no figures available yet.

 

University of Maryland : 12,419 offers out of 26,228 apps, 47 percent. Note: another 3,829 were offered admission starting in the spring semester, a U-Md. initiative that is unusually broad compared to the practice of other schools.

 

University of Maryland Baltimore County : 5,808 offers out of 10,081 apps, 58 percent.

 

University of Virginia : 8,970 offers out of 31,042 apps, 29 percent.

 

Virginia Tech : 14,230 offers out of 20,897 apps, 68 percent.

Washington and Lee University: no figures available yet.

Imagine if it had worked fully

Common Application: Inside the Numbers

Explore more visuals like this one on the web’s largest information design community – Visually.

Admission decisions 2014

Boston College–34% admit rate (same as last year)

Boston U–34% (last year 37%)

Tufts–17% (18.1%)

MIT 7.7%

Source: WBUR

Harvard 5.9%

Duke 10.7%

UPENN 9.9%

Stanford 5.1%

Yale 6.3 (6.7% last year)

Columbia 6.9%

Brown 8.6%

Cornell 14%

Princeton 7.3%

Dartmouth 11.5%

Bowdoin 14.8%

Williams 18.2%

Conneticut College 36%

Financial Times has more details: