The University of Delaware’s Alfred Lerner College of Business and Economics rose 16 places to #78 in U.S. News & World Report’s 2018 Best Undergraduate Business Programs rankings, which were released on Sept. 12. The survey ranked a total of 494 undergraduate business programs across the nation.
UD is ranked 33rd among national public universities in U.S. News’ Best Colleges 2018 edition, placing it in the top 17 percent of public universities evaluated. Overall, UD is ranked 81st among more than 300 public, private and for-profit national universities reviewed.
For this ranking, U.S. News used qualitative measures, including undergraduate academic reputation based on assessments from academic peers, including deans and senior faculty at other business schools and high school guidance counselors, and quantitative data from 2016, such as retention rates, faculty resources, student selectivity, financial resources, graduation rate performance and alumni giving.
“The Lerner College has experienced sustained increases in the quantity and quality of applications to our programs, and the employment outcomes our graduates are reporting are markedly stronger than five years ago,” said Lerner College Dean Bruce Weber.
In 2016, graduates of Lerner undergraduate programs had an employment rate of 96 percent and an average salary of $55,000. Top employers for graduates included JPMorgan Chase, KPMG, EY, Deloitte, PwC, Bank of America, Citi and various major companies across numerous industries. 98 percent of undergraduate students also rated their experience in the Lerner College as excellent or good.
“The scholarly profile of our faculty has risen, and new initiatives in analytics, entrepreneurship, hospitality and wealth management have lifted the visibility and enhanced the reputation of Lerner,” Weber continued. “This progress is evident to senior faculty and deans in our peer schools, and they responded to the U.S. News survey with a higher assessment of the quality of Lerner’s undergraduate program than we have ever received.”
Jack Baroudi, Lerner College associate dean for academic programs, added that the college’s commitment to student success has been a major factor to recent rankings boosts.
Earlier this year, the Lerner College’s Online MBA program continued its rapid ascension in rankings in its third year of ranking eligibility. U.S. News’ 2017 rankings rated UD’s Online MBA 65th in the nation, a jump of almost 40 points from its 2015 ranking of 101.
“Both our new program offerings and highly personalized learning experiences are timely and reflective of what industries need,” Baroudi said. “Creating new programs such as the first of its kind trust management minor and innovative Global Enterprise Technology Immersion Internship give students a unique competitive edge in their future careers and help transform them into future leaders who understand and adapt to changes in the marketplace.”
“Our Lerner College resources, like our Career Services Center, help students pursue opportunities in whatever areas they are passionate about,” Baroudi continued. “And, once there, we support them as they achieve their aspirations.”