What is Smeal College of Business?
The Smeal College of Business is a business school located at Pennsylvania State University. The school offers undergraduate degrees, as well as graduate programs such as the Master of Business Administration (MBA).
The college houses departments in many traditional areas of business schools, such as finance, marketingand supply chain management. It is known for its high-quality supply chain education, having ranked 1st in North America in this category five times between 2009 and 2018, with the last 1st place ranking occurring in 2018.
Key points to remember
- The Smeal College of Business is a business school located at Pennsylvania State University.
- Its MBA program is ranked among the top 40 in the world.
- The college’s teaching style places a strong emphasis on practical and international experiences.
Understanding the Smeal College of Business
The Smeal College of Business was founded in 1953 and is located in University Park, Pennsylvania on a 210,000 foot facility. He is known for his efforts to balance academic training with real-world experience during his two-year MBA program.
For example, Smeal uses a “7-1-7” course format in which the first seven weeks are followed by a week of “Career Immersion” focused on applying newly acquired knowledge in real-life situations. Likewise, the college requires students to gain international experience while attending Smeal College. This is supported by a so-called ‘global immersion’ period, during which students visit partner institutions around the world.
Overall, the college’s MBA program is consistently ranked among the top 40 in the world by publications such as BusinessWeek, US News, and The Financial Times. As a public college, Smeal College of Business has a significantly lower rate participation fee compared to private competitors B-schools— nearly 70% less, in some cases.
Real-world example from Smeal College of Business
As is the case with all B schools, the average compensation received by alumni varies depending on many factors, including the major the student pursued. In the case of Smeal College of Business, the most lucrative majors, as evidenced by the average starting salaries for undergraduates in 2018-2019, were Actuarial Science, Real estate risk managementand Finance, with average starting salaries between $65,000 and $70,000.
The three least lucrative majors were Corporate Innovation and Entrepreneurship (CIENT), Marketing, and Enterprise Risk Management, with average salaries between $49,000 and $60,000. On the other hand, the Bureau of Labor Statistics (BLS) estimates that the average full-time American worker earns about $51,000 a year.
Students graduating from Smeal College of Business will join an alumni network of more than 85,000 people. It includes many prominent members, including William Schreyer, former CEO of Merrill Lynch & Co.; Dan Mead, CEO of Verizon Wireless; and Louis D’Ambrosio, CEO of Sears Holdings Corporation.
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