Innovative Recruiting Success Southern Business Administration Association Atlanta November 2014 The STEM Path to the MBA Modeled after medical schools early admissions programs Targets incoming freshmen students who ID: 548435
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Slide1
The STEM Path to the MBA:
Innovative Recruiting Success
Southern Business Administration Association
Atlanta - November 2014Slide2
The STEM
Path
to the
MBA
Modeled after medical schools’ early admissions programs.
Targets incoming freshmen students who:
Major in STEM disciplines3.5 High School GPA28+ ACTSlide3
The Program
Freshman thru Junior Year
1.5 credit hour STEM Business Honors course each semester while students pursue science, engineering or math majors
Summer following Junior Year
Apply in November of junior year and be admitted to Graduate School
Complete 9 hours of MBA courses online
Senior Year2-1.5 credit hour STEM Business Honors course capstone projectGraduate from STEM undergradMBA YearComplete remainder of MBA program in one calendar year
Summer: Online
Fall & Spring: In-residence in Tuscaloosa
The STEM Pathway to the MBASlide4
STEM Business Honors Courses
Sections limited to 35 students
Instructors:
Tenured business faculty
N
on-tenure-earning business faculty with STEM background:
Chemical Engineer, MBAAerospace Engineer, Business Analytics, MBAMechanical Engineer, CEO, MBA, MS Engineering Controls, MS AccountingFaculty mentor assigned to stay with cohort for 4 years of the program
Ensures continuity of contact, retention
Allows faculty to closely monitor student progress
The STEM Path to the MBASlide5
STEM Business Honors Courses
Objectives:
Provide survey of various business disciplines
Intense exposure to innovation
Builds students’ confidence in their understanding of technical and business aspects of innovation
Provides unique understanding and perspective of business
Teach character strengths & virtuesBuild network among students
The STEM Path to the MBASlide6
STEM Business Honors Courses
Yearly Focus
Freshman Year
Business Disciplines: Leadership & Marketing
Innovation Skill: Business Modeling
Virtues: Wisdom & Knowledge, Courage
Sophomore YearBusiness Disciplines: Accounting & FinanceInnovation Skill: Customer DevelopmentVirtues: Humanity, JusticeJunior YearBusiness Disciplines: Operations Management & Global Business
Innovation Skill: Customer Validation
Virtues: Temperance, Transcendence
Senior Year
Business Disciplines: Project Leadership
The STEM Path to the MBASlide7
STEM Path to the MBA
Class of 2016
31.6
ACT
18.2%
Minority
81.8%White56.8%Men
43.2%
Women
84%
Engineering
1
6%
Science
4.15
HS GPA
22
States
6
4
Students
33%
In-State
67%
Out-of-StateSlide8
STEM Path to the MBA
Class of 2017
31.4
ACT
31.8%
In-State
68.2%Out-of-State78.3%Men
21.7%
Women
79.7%
Engineering
11.8%
Science
4.11
HS GPA
25
States
134
Students
8.5%
Healthcare
10.4%
Minority
89.6%
WhiteSlide9
STEM Path to the MBA
Class of 2018
31.6
ACT
24.2%
In-State
75.8%Out-of-State67.6%Men32.4%Women
83.4%
Engineering
12.2%
Science
4.09
HS GPA
29
States
255
Students
4
.4%
Healthcare
14.9%
Minority
85.1%
WhiteSlide10Slide11
STEM Path to the MBA
Class of 2019
31.5
ACT
22.6%
In-State
77.4%Out-of-State67.9%Men32.1%Women
86.8%
Engineering
11.6%
Science
4.09
HS GPA
34
States
305
Students
(431 applied)
1.6%
HealthcareSlide12
STEM Path to the MBA
Class of 2019 – Breakdown of Science & Math MajorsSlide13
STEM Path to the MBA
Class of 2019 – Breakdown of Engineering MajorsSlide14
STEM Path to the MBA
Retention of Class of 2016(as of May 2014)
Class Entering Fall 2011
N
Hours Complete
Overall GPA
UA HoursUA GPASAT TotalACT Composite
High School GPA
Alabama Residents
Stayed in Major
Stayed in Division
Stayed at UA
Registered for Fall 2014
STEM Path to the MBA
64
94.79
3.50
72.76
3.49
1365.0
31.00
4.10
36.2%
58.6%
82.8%
90.6%
78.1%
STEM Majors, 28+ ACT
810
89.90
3.47
71.83
3.45
1355.5
30.97
4.05
52.1%
41.2%
75.1%
87.3%
74.6%
STEM Majors, <28 ACT
1193
72.84
2.90
65.51
2.88
1040.9
22.78
3.52
66.8%
25.9%
50.5%
66.6%
51.6%
Non-STEM Majors, 28+ ACT
860
88.03
3.55
71.41
3.54
1322.2
30.32
3.96
51.1%
26.6%
73.4%
87.0%
76.0%
Non-STEM Majors, <28 ACT
2720
72.50
2.92
66.25
2.90
1031.5
22.46
3.35
47.6%
26.5%
62.4%
67.0%
59.2%Slide15
STEM Path to the MBA
Retention of Class of 2017(as of May 2014)
Class Entering Fall
2012
N
Hours Complete
Overall GPAUA HoursUA GPASAT Total
ACT Composite
High School GPA
Alabama Residents
Stayed in Major
Stayed in Division
Stayed at UA
Registered for Fall 2014
STEM Path to the MBA
141
69.74
3.65
46.39
3.64
1396.0
32.07
4.16
31.1%
56.3%
82.2%
95.7%
89.4%
STEM Majors, 28+ ACT
948
64.01
3.54
44.37
3.52
1348.4
31.06
4.09
41.5%
52.6%
81.3%
92.6%
77.5%
STEM Majors, <28 ACT
1373
45.44
2.96
39.16
2.93
1062.3
22.99
3.54
60.1%
41.0%
58.3%
80.8%
52.9%
Non-STEM Majors, 28+ ACT
911
63.24
3.60
45.06
3.59
1323.0
30.51
3.96
46.5%
40.6%
78.7%
90.3%
81.7%
Non-STEM Majors, <28 ACT
2875
44.58
2.95
40.06
2.94
1026.6
22.41
3.35
43.3%
46.7%
68.8%
80.3%
64.1%Slide16
STEM Path to the MBA
Progression toward MBA Applications
Class Entering Semester
# as Freshmen
# as Sophomores
# as Juniors
# as SeniorsMBA - in Year 2MBA – in Year 3
GMAT
MBA
– in Year
4
Fall 2011
64
54
42
31
0
21
676
-
Fall 2012
134
118
92
-
2
41
-
-Slide17
2 Students from Class of 2017 Seeking Patent
During freshman year, invented technology to reduce fuel consumption and brake maintenance expenses on tractor-trailers
Provision patent filing this fall
Crimson Startup Program
Teaches participants lean customer discovery based on NSF approach
Teams go on to develop prototypes and perform customer validation
Averaging 8 teams per semester for last 6 semestersOver 600 new product/business ideas developed by STEM teams in 2013-2014Students/Program becoming major attraction for corporate recruiters
Student AccomplishmentsSlide18
Avon/National Cancer Institute Breast Cancer Startup Challenge
3 UA teams composed of STEM MBA students, Hudson Alpha and Quest Diagnostics scientists, venture capitalists, medical/science entrepreneurs, attorney alums, and STEM, AIME, OTT directors
10 University programs selected nationally:
Duke, Northwestern, Wake Forest, Columbia, Texas Tech, North Carolina, NYU, Harvard, Rutgers, Dartmouth, University of Alabama STEM Path to the MBA
NCI Provides 10 patented technologies
University teams develop business plans for commercializing selected technologies
NCI to provide startup funding for top team in each of the 10 technologiesNational Institutes of Health
Neuro
Startup Challenge
Student AccomplishmentsSlide19
Non
-Profit
Consulting Group
Providing consulting services to international NGO working to build schools for children and factories for women in Pakistan
.
Quality Control, Distribution and Retailing, Business Model Performance
Founding “Innovators Anonymous” Student OrganizationProvides networking opportunities for students especially interested in innovation, startups, and entrepreneurshipSponsoring Startup Weekend eventsBrings campus and community together for a weekend of innovation and entrepreneurship
Student AccomplishmentsSlide20
STEM Path to the MBA Advisory Board
Provides feedback on curriculum, program structure
Assists us with identifying new opportunities for co-ops, internships, jobs for students
Provide themes for business model generation projects
Includes: ADTRAN, Alabama Power, Boeing,
Brasfield
&
Gorrie
, Eastman Chemical,
Egen
, Evergreen Private Care,
Harbert
Venture Partners, International Paper, KKR, Proctor & Gamble, Southern Research Institute, U.S. Army, Mercedes, Tektronix, NASA Slide21
Working with experts on STEM Advisory Board to develop UA fund to provide seed funding for STEM students wanting to take inventions and new product ideas forward, for prototyping, proof-of-concept testing, and commercialization
Launching on pilot basis “CREATE Path to the MBA” track that would allow 28+ ACT/3.5 HS GPA students majoring in creative disciplines (e.g., drama, music, art, apparel design, textiles) to join with STEM Path students
The FutureSlide22
The STEM Path to the MBA:
Innovative Recruiting Success
Southern Business Administration Association
Atlanta - November 2014