Grad Profiles - University of Wisconsin Business

Overview
The University was founded in 1848, the year Wisconsin became a state. UW-Madison has now grown to more than 41,500 students, with nearly 20,000 faculty and staff members to support its diversity of credit and noncredit program offerings. The campus is widely known to be hospitable to international students and has one of the highest international enrollments of any American campus. Continuing education and access to higher education have always been "Wisconsin ideals." The $40-million addition to Grainger Hall, openened its doors in fall 2007 for the M.B.A. programs, echoes the School's commitment to this philosophy. Home to 1,282 undergraduates, more than 400 master's students, and 66 doctoral students, the School is highly visible in both its physical location and in its strategic leadership on the campus.

Approximately 110 to 120 students enter the full-time (daytime) M.B.A. and Master of Science in Business programs in the fall, 30 percent were women, 11 percent were from underrepresented minority groups, and 22 percent were international students. These students entered the School of Business with an average of 4.4 years of work experience. Their average scores on the GMAT and TOEFL were 658 and 635, respectively.

M.B.A. Career Services strives to partner with students in meeting their specific career objectives. Whether students plan to start their own business, search for employment in their home country, utilize on-campus recruiting, or conduct an independent job search, the M.B.A. Career Services Team assists students in meeting their professional career goals.

Wisconsin M.B.A. graduates are hired for full-time positions by industry leaders such as the Clorox Company, Ernst & Young, Hewlett Packard, Abbott Laboratories, Kraft Foods, Deloitte & Touche, and W.W. Grainger Corporation. The average base salary for the School's students graduating in 2006 was $72,720, and a majority of those offers included sign-on bonuses averaging $9666. Overall placement for the class of 2006 was strong as well, with more than 88 percent of the students receiving job offers by graduation or within three months afterward.

The School's first-year students have also been successful in securing summer internship opportunities. In many cases, the interns receive full-time job offers from their internship employers as a result of their outstanding performance on the job. The class of 2004 reported receiving internship salaries averaging $4400 per month, and many of those offers included relocation or housing assistance.

With the assistance of M.B.A. Career Services, Career Specialization Advisors, the Business Career Center, and M.B.A. Business Mentors, the School's students have the support they need to be successful in achieving their specific professional career goals.

The Location and Community
The UW-Madison campus is located in the heart of Wisconsin's capital city of Madison. The University and the city provide its inhabitants a rich cultural experience. This scenic city and its surrounding area is home to nearly half a million people and has a growing ethnic population. Moreover, UW-Madison has a very diverse student population of more than 41,500. This diversity in ethnic heritages and nationalities of the students, faculty and staff members, and visiting scholars creates unique cultural and educational benefits to complement the strong academic base of the University.

Often rated as one of the best cities in the United States to live in by Money, Life, and USA Today in recent years, the city abounds with parks, recreational facilities, golf courses, and four scenic lakes within the city proper. Situated along the shores of Lake Mendota, UW-Madison is considered one of the most picturesque college campuses in the country. The popular Memorial Union terrace on the shore of Lake Mendota is a magnet for students, faculty members, local residents, and campus guests during the pleasant spring, summer, and fall months. The area's youthful and health-conscious population reflects the strong influence of student interests. Great entertainment of all types routinely finds its way to Madison on a year-round basis. An exciting addition to the downtown arts and entertainment scene is the $205-million Overture Center, which opened in September 2004. In addition, Wisconsin, a member of the Big Ten Conference, has more than twenty NCAA varsity teams, including football, basketball, and hockey.

Programs of Study and Degree Requirements
With a new M.B.A. curriculum that began in fall 2004, the University of Wisconsin-Madison (UW-Madison) offers several M.B.A. career tracks to fit individual needs. The first year of study focuses on a general management foundation within which students take three courses toward their designated career track. The second year is designated to provide students with a depth of expertise in their specific career track. Other graduate programs at UW-Madison include the Master of Science in actuarial science or quantitative finance, a joint J.D./M.B.A. degree, and the Ph.D. in business.

To learn about the M.B.A. and the various career tracks, students should visit the School's Web site or ask general questions via the program's e-mail address. Both are listed in the Correspondence and Information section.

Facilities & Resources
School of Business students have access to amenities befitting a world-class research institution such as UW-Madison. Many graduate students participate as project assistants in some of the School's research centers or work with faculty members on specialized academic research. The Business Library is part of the University's thirty-one-library system and collects books, journals, and government documents relating to the study of management. The library's extensive collection includes theory and research in many areas of business. In addition to the graduate student lounge, master's students have access to two computer labs dedicated for their use.

Expenses and Aid
Tuition for the academic year totaled $12,388 for Wisconsin residents, $24,059 for Minnesota residents (through a reciprocity agreement), and $28,826 for nonresidents. Applicants currently living outside of the state of Wisconsin but who attended a Wisconsin high school and whose parents still reside in the state may be considered residents for tuition purposes.

Financial Aid:
Merit-based aid is available to all students in the form of scholarships, fellowships, and teaching and project assistantships. UW-Madison is a founding member of the Consortium for Graduate Study in Management, an organization that funds scholarships for attendance of targeted underrepresented minorities at one of thirteen member campuses. Loans and work-study funds are also available for eligible candidates. For more information on need-based financial aid, students should visit the University's financial aid Web site at http://www.finaid.wisc.edu.

Housing/Living Expenses:
Housing, books, and incidental expenses for the academic year are estimated at $14,516. Numerous housing options exist on and near the campus as well as throughout the city of Madison. Parking on or near the campus is limited and may be expensive. Current students receive free semester-long bus passes as a part of their student fees.

How to Apply
Applications for admission to the various graduate degree programs may be submitted online via the School's Web site. A complete application includes current GMAT and TOEFL (if applicable) scores, undergraduate transcripts, a current resume, three letters of recommendation, and essays. Admission decisions are based on the total application and are considered on a rolling basis. Applications should be completed no later than April (for international students) or June (for domestic students) prior to the fall semester for which admission is sought. Campus visits are encouraged and interviews are by invitation. For complete information on application to the University of Wisconsin-Madison School of Business, students should visit the School's Web site.

Who to Contact
School of Business, M.B.A. Program Office
3150 Grainger Hall
975 University Avenue
Madison, Wisconsin 53706-1323

608-262-4000

E-mail: mba@bus.wisc.edu

Faculty and Research
Accounting
• Hollis Ashbaugh, Ph.D., Iowa: accounting standards, financial reporting and international accounting, capital markets, auditing. Mark A. Covaleski, Ph.D., Penn State: accounting, health-care fiscal management, managerial accounting and control, health services management. Jon S. Davis, Ph.D., Arizona: agent-based modeling, behavioral tax, experimental economics. John W. Eichenseher, Ph.D., Michigan: auditing, cost data for decision making, financial reporting, service markets. Ernest Hanson, Ph.D., Michigan State: accounting standards, financial reporting. Lori Holder-Webb, Ph.D., Texas A&M: financial accounting and reporting, disclosure and regulatory policy, bankruptcy, corporate finance, business organizations. Karla Johnstone, Ph.D., Connecticut: decision making, risk evaluation, auditing, auctions and competitive bidding, corporate governance, risk management, problem solving. Mark Kohlbeck, Ph.D., Texas: accounting, accounting standards, financial accounting and reporting, capital markets, disclosure and regulatory policy, banking and financial institutions, bankruptcy, earnings quality. Ella Mae Matsumura, Ph.D., British Columbia: accounting, statistical models in auditing, economic theory, incentives, managerial accounting control. Brian W. Mayhew, Ph.D., Arizona: auditing, business consulting, reputation in markets, initial public offerings. R. D. Nair, Ph.D., Michigan: accounting standards, financial accounting standards board pronouncements. Larry E. Rittenberg, Ph.D., Minnesota: accounting standards, auditing, business ethics, corporate governance. Terry Warfield, Ph.D., Iowa: accounting standards, auditing, financial economics, financial markets, financial reporting. Jerry J. Weygandt, Ph.D., Illinois: accounting standards, financial reporting. John J. Wild, Ph.D., Wisconsin-Madison: financial accounting and reporting, international financial markets, corporate governance, earnings quality.

Actuarial Science, Risk Management and Insurance
• Dan R. Anderson, Ph.D., Wisconsin-Madison: asbestos, hazardous waste, catastrophic insurance, environmental risk management, government insurance, insurance company insolvencies, liability, Superfund. Mark J. Browne, Ph.D., Pennsylvania: asymmetric information, employee benefits, government insurance programs, international insurance, tort reform, social security. E. W. (Jed) Frees, Ph.D., North Carolina: actuarial science, panel data, regression and business forecasting, social security. Robert B. Miller, Ph.D., Iowa: statistics, quality improvement, sample surveys. Marjorie A. Rosenberg, Ph.D., Michigan: actuarial science, statistics. Joan T. Schmit, Ph.D., Indiana: joint and several liability, law and insurance, Superfund, tort reform, worker's compensation.

Finance, Investment and Banking
• David P. Brown, Ph.D., Stanford: gold-mining firms, regulation, stock valuation and trading. Mark A. Fedenia, Ph.D., Wisconsin-Madison: applied security analysis and investment management, mergers and acquisitions, investment management. James E. Hodder, Ph.D., Stanford: corporate and international finance, derivatives, hedging and financial risk management. James Johannes, Ph.D., Wisconsin-Madison: banking and financial institutions. Kenneth A. Kavajecz, Ph.D., Northwestern: capital markets, derivatives, financial markets, liquidity constraints. Robert E. Krainer, Ph.D., Michigan: business cycles, corporate finance, financial markets, international finance. Antonio S. Mello, Ph.D., London: asset pricing, corporate and international finance, privatization, valuation theory. Elizabeth R. Odders-White, Ph.D., Northwestern: financial markets, market microstructure. Mark J. Ready, Ph.D., Cornell: capital budgeting, corporate finance, financial markets. Andrew H. Roper, Ph.D., Duke: corporate finance and governance, international finance. Martin Ruckes, Ph.D., Mannheim: corporate finance. James K. Seward, Ph.D., Wisconsin-Madison: corporate finance. Min Shi, Ph.D., Harvard: international finance. Masako Ueda, Ph.D., Tokyo: asymmetric information, business start-ups, contracts, corporate finance, financial economics. Toni M. Whited, Ph.D., Princeton: corporate diversification, liquidity constraints, measurement error.

Management and Human Resources
• Ramon J. Aldag, Ph.D., Michigan State: decision making, entrepreneurship, equity, leadership, organizational behavior, self-efficacy, change. Mason A. Carpenter, Ph.D., Texas: corporate governance, global firms, strategy, venture development. Randall B. Dunham, Ph.D., Illinois: distance education, global issues, organizational behavior. Jonathan T. Eckhardt, Ph.D., Maryland, College Park: entrepreneurship, strategy. George Gerard, Ph.D., Virginia Commonwealth: business start-ups, venture development, entrepreneurship. Barry Gerhart, Ph.D., Wisconsin-Madison: compensation, human resources management, staffing, incentives. Herbert G. Heneman III, Ph.D., Wisconsin-Madison: equal employment opportunity, human resource management, reward systems, staffing. Larry Hunter, Ph.D., MIT: human resource management, labor markets and relations, sociology of work, unions and collective bargaining. Sanjay Jain, Ph.D., NYU: entrepreneurship, process management, strategy, information technology, technological change. Anne S. Miner, Ph.D., Stanford: entrepreneurship, gender issues, industry learning, interorganizational relationships, new product development, strategic marketing management, technological change. Robert Pricer, Ph.D., Western Michigan: entrepreneurship, venture development. Donald P. Schwab, Ph.D., Minnesota, Twin Cities: compensation, human resource management. Alexander D. Stajkovic, Ph.D., Nebraska: self-efficacy, organizational behavior. Ann Terlaak, Ph.D., California, Santa Barbara: competitive strategy, regulation. Charlie O. Trevor, Ph.D., Cornell: compensation. James B. Wade, Ph.D., Berkeley: executive issues, organizational behavior.

Marketing
• Neeraj Arora, Ph.D., Ohio State: consumer choice, economic theory, marketing research, statistics. Nancy R. Buchan, Ph.D., Pennsylvania: experimental economics, global marketing, building and maintenance of fairness and trust, influence of culture and gender on trust. Jinsook Cho-Che, Ph.D., Wisconsin-Madison: international business, consumer behavior, electronic commerce, retail management, purchasing. Jan B. Heide, Ph.D., Wisconsin-Madison: channels of distribution, interorganizational relationships, strategic decisions, vertical market restrictions. Robert V. Kozinets, Ph.D., Queen's at Kingston: consumer anthropology. John R. Nevin, Ph.D., Illinois: channels of distribution, franchising, supply chain management, interorganizational relationships, strategic marketing management. Joann Peck, Ph.D., Minnesota. J. Paul Peter, D.B.A., Kentucky: consumer behavior, marketing strategy. Aric Rindfleisch, Ph.D., Wisconsin-Madison. J. Craig Thompson, Ph.D., Tennessee: postmodern culture, gender issues, consumer lifestyle. Kenneth Wathne, Ph.D., Copenhagen Business School: channels of distribution, interorganizational relationships, supply chain management.

Operations and Information Management
• Kathryn Caggiano, Ph.D., Cornell: operations research, optimization models, production planning and inventory theory, supply chain management. Mark P. Finster, Ph.D., Michigan: creativity and innovation, productivity improvement, quality improvement. Donald J. Harmatuck, Ph.D., Wisconsin-Madison: cost and demand modeling, transportation economics. Donald B. Hausch, Ph.D., Northwestern: auctions and competitive bidding, bankruptcy, contracts, procurement. Sung S. Kim, Ph.D., Georgia Tech: e-commerce, information technology, online marketing. Rafael Lazimy, D.B.A., Harvard: decisions-support systems, integrated modeling systems, stochastic optimization, optimization models. Divakaran Liginlal, Ph.D., Arizona: fuzzy expert systems, decisions-support systems, e-commerce, new product development, telecommunications and networks. James G. Morris, Ph.D., Wisconsin-Madison: operations research. James A. Rappold, Ph.D., Cornell: manufacturing information systems, production planning and inventory theory, supply chain management, cellular manufacturing, distribution systems. Urban Wemmerlöv, Ph.D., Lund Institute of Technology (Sweden): implementation, just-in-time systems, technological change, time-based competition, cross-functional management. Z. Kevin Weng, Ph.D., Purdue: e-commerce, global firms, process management, strategic decisions, competitive strategy, supply chain management.

Real Estate and Urban Land Economics
• Stephen Malpezzi. Ph.D., George Washington: economic development, economics of regulation, urban economics, housing trends, real estate. François Ortalo-Magné, Ph.D., Minnesota: agricultural policy, real estate economics and finance, housing and urban economics. Timothy Riddiough, Ph.D., Wisconsin-Madison: agent-based modeling, derivatives, real estate valuation and investment. James D. Shilling, Ph.D., Purdue: real estate and mortgage finance, real estate valuation and investment. Kerry D. Vandell, Ph.D., MIT: commercial mortgage lending, housing and urban economics, investment management, valuation theory, mortgage finance.