ATHENS, Ga. — The undergraduate program in the University of Georgia's Terry College of Business is ranked among the nation's best in BusinessWeek magazine's first-ever top 50 ranking of bachelor's degree programs in business.
The Terry College is ranked 40th overall and 17th among public business schools, according to BusinessWeek.
To rank the best business programs, BusinessWeek teamed up with Boston's Cambria Consulting and identified 84 colleges that met stringent quality criteria, then surveyed nearly 100,000 business majors, asking them to rate their programs on everything from curriculum and faculty to facilities and grading policies. To find out how students fared after graduation, BusinessWeek surveyed 2,000 recruiters and studied starting salaries and conducted a third survey of the business programs themselves. BusinessWeek also measured which schools send the most students to top MBA programs.
"We're pleased to be ranked among the top undergraduate business programs," said Dean P. George Benson of UGA's Terry College of Business. "Though this is a first-time ranking for BusinessWeek, it's only the latest among many college guides that rank the Terry College among the top 20 public business schools in the U.S."
"With nine different majors, a new certificate program in music business and unique personal leadership development options through our Leonard Leadership Scholars Program and Leadership Certificate Program, our students have many opportunities to get a head-start on their career ambitions and become leaders in their fields," Benson said.
The Terry College currently enrolls 2,100 undergraduates. Students major in accounting, economics, finance, international business, management, management information systems, marketing, real estate or risk management/insurance. A new certificate program in music business established this year at the Terry College was singled out in the BusinessWeek cover story as "a specialized program ... for aspiring music moguls."
BusinessWeek reported that business majors have fared better in the job market than any other academic discipline, with starting salaries up more than 49 percent since 1996, compared with a 39 percent increase for engineering students and 29 percent for liberal arts graduates. According to the National Association of Colleges and Employers, the typical business grad now earns $43,313, about $8,000 less than engineering students can expect. But for undergraduates at top schools, that figure can easily exceed $50,000.
The Wharton School at the University of Pennsylvania was ranked first overall byBusinessWeek, followed by the University of Virginia, University of Notre Dame, Massachusetts Institute of Technology and Emory University.
BusinessWeek's complete ranking of the top 50 undergraduate business schools is available in the May 8, 2006, issue of BusinessWeek, which hits newsstands May 1. The rankings are also available through BusinessWeek Online. BusinessWeek has been publishing national rankings of MBA programs since 1988.