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Elon's undergrad business program earns top-50 national ranking

Bloomberg Businessweek gives the Martha & Spencer Love School of Business a #43 ranking, among the nation's top undergraduate programs.

Accounting professor Art Cassill works with students in Elon University's Martha and Spencer Love School of Business.

This year's ranking is up 17 spots from the 2011 rankings, when Elon debuted in the Bloomberg Businessweek survey at #60. Elon earned the #1 spot in this year's employer survey. Bloomberg Businessweek identifies the nation's top undergraduate business programs based on nine measures of student satisfaction, post-graduation outcomes and academic quality.

“This top-50 ranking is a testament to the hard work by the students, faculty and staff of the Love School of Business, who are constantly striving to reach new levels of excellence,” said Steven House, Elon’s provost and vice president for academic affairs. “The #1 ranking in the employer survey is especially gratifying because it demonstrates the confidence business leaders have in the mentoring and training our graduates receive as they prepare to begin their careers. We are proud that Bloomberg Businessweek has recognized the outstanding quality of the business education program at Elon University.”

Scott Buechler, interim dean of the Love School of Business, said Bloomberg Businessweek called Elon's rise in the rankings "meteoric."

"We are especially proud of an “A” grade for teaching quality and an overall ranking of #26 on the recruiter survey, including a #1 ranking on the employer survey and a #5 ranking on internships – both parts of the overall recruiter survey ranking," Buechler said.

Elon was ranked #45 in academic quality, and earned an "A+" in facilities and services.

The only other North Carolina undergraduate business schools ranked in the top 50 were the University of North Carolina at Chapel Hill (#10) and Wake Forest University (#19).

Elon's #43 undergraduate ranking follows last November's #1 national ranking by Bloomberg Businessweek of Elon's part-time MBA program.

In developing the Best Undergraduate Business Schools ranking, Bloomberg Businessweek used surveys of both senior business majors and employers, median starting salaries for graduates, and the number of alumni each program sends to top MBA programs. A calculation of academic quality is also included in the methodology, combining average SAT scores, student-faculty ratios, class size in core business courses, the percentage of students with internships, and the number of hours devoted to class work. This year, 142 undergraduate business programs participated in the ranking.

In addition to surveying students, Bloomberg Businessweek polled 749 corporate recruiters, asking them to identify programs that turn out the best graduates, and which schools have the most innovative curricula and most effective career services.

The Martha and Spencer Love School of Business is accredited by AACSB International - The Association to Advance Collegiate Schools of Business, an honor achieved by less than five percent of business schools in the world. The Love School includes 1,281 students who study in the departments of accounting, economics, finance, management, and marketing and entrepreneurship. The Love School includes a prestigious Business Fellows program, the Chandler Family Professional Sales Center, the Doherty Center for Entrepreneurial Leadership, the William Garrard Reed Finance Center, and an Executive Education program.

Dan Anderson,
3/21/2012 8:16 AM