"11th Place for Finance"
A quick glance at Michigan Ross currently ranks in 13th place as one of the best business schools, according to US News & World Report (March 2012). It is ranked in 11th place for finance.
This year’s incoming class had 502 people in it. The average GMAT score was 703 and the class has an average undergraduate GPA of 3.4. The average number of years of work experience for the class of 2014 is 5 years.
26% of the class of 2014 students have undergraduate degrees in engineering; 24% in business; 21% in humanities/social sciences; 15% in economics; 5% each in math/physical sciences and computer science; and 4% in other areas.
Ross Academics Related to Finance
First-year students take required core courses during their first 3 terms (each year consists of 4 terms). (See a list of required courses here.)
A highlight of the Ross curriculum (not specific to finance students) is the Multidisciplinary Action Projects (MAP) course. This required first-year spring semester (term Winter B) course provides opportunities for students to work on collaborative projects for a global, hands-on, action-based, real-life experience.
2012 projects that would interest finance students include conducting a feasibility study for the Acumen Fund, promoting market liquidity for the Buenos Aires Stock Exchange, accessing potential candidates for a specialization initiative at JPMorgan Chase & Co., developing risk assessment at Piper Jaffray & Co., and others.
Year 2 students choose electives in their functional area and in other areas. Electives offered in the finance subject area include:
| FIN 615 - Valuation |
| FIN 614 - International Financial Management II |
| FIN 624 - Private Equity Finance |
| FIN 637 - Finance and the Sustainable Enterprise |
| FIN 513 - Financial Analysis |
| FIN 621 - Corporate Financial Policy |
| FIN 630 - Corporate Control |
| FIN 631 - Risk Management in Banks and Financial Institutions |
| FIN 633 - Securitization |
| FIN 645 - Advanced Valuation Techniques |
| FIN 725 - Applied Financial Analysis and Portfolio Management |
| FIN 525 - Introduction to Portfolio Management |
| FIN 609 - Fixed Income Securities and Markets |
| FIN 612 - International Financial Management I |
| FIN 614 - International Financial Management II |
| FIN 618 - Derivative Instruments |
| FIN 640 - Financial Trading |
| FIN 566 - Real Estate Finance and Investment I |
| FIN 567 - Real Estate Finance and Investment II |
| FIN 623 - Venture Capital Finance |
| FIN 580 - Options and Futures in Corporate Decision Making |
| FIN 608 - Capital Markets and Investment Strategy |
| FIN 629 - Financing Research Commercialization |
| FIN 647 - Corporate Financial Strategy |
| FIN 565 - Real Estate Development |
***
• Finance Club (MBA)
• Accounting Club
• Alternative Investments Club
• Entrepreneur & Venture Club
• Financial Derivatives and Risk Management Club
• Global Investments Club
• Investment Management Club
• Michigan Investment Banking Club
• Real Estate Club
• Ross Portfolio Management
• TAMID Israel Investment Group
Finance Hiring Stats at Michigan Ross
The chart below shows the hiring stats for 2012 MBA careers with finance functions:
| Function | Percent | Base Salary Range ($) | Median Signing Bonus ($) |
| Corporate Finance | 8.5 | 60,000-130,000 | 20,000 |
| Investment Banking | 4.9 | 100,000-125,000 | 50,000 |
| Sales & Trading | 1.1 | 95,000-150,000 | 20,000 |
| Other Finance | 4.4 | 30,000-100,000 | 40,000 |
***
Job acceptances in the finance industry:
| Industry | Percent | Base Salary Range ($) | Median Signing Bonus ($) |
| Financial Services | 7.4 | 82,000-125,000 | 40,000 |
| Investment Banking | 5.5 | 65,000- 150,000 | 40,000 |
***
For 2012 interns, the job function breakdown is:
| Function | Percent | Annualized Base Salary Range ($) |
| Corporate Finance | 7.6 | 30,000-114,000 |
| Investment Banking | 6 | 60,000-150,000 |
| Investment Management | 1.3 | 42,000-105,000 |
| Other Finance (Private Client Services/Wealth Management -1.5% and Private Equity - 1.5%) | 5.1 | 18,000-120,000 |
***
And for internships in the finance industry:
| Industry | Percent | Annualized Base Salary Range ($) |
| Financial Services | 7.8 | 46,152 - 125,004 |
| Investment Banking | 6.5 | 18,000-150,000 |
***
Top hirers include:
• PricewaterhouseCoopers LLP – 10 hires/9 interns
• Citi – 9 hires
• Ernst & Young LLP – 8 hires
• Goldman Sachs Group – 8 interns
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