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2021 ANNUAL REPORT

  • 2021

    ANNUAL REPORT

    JULY 1, 2020 to JUNE 30, 2021

School Statistics

Faculty Composition

  Fall 20
Tenured & Tenure-Track Faculty 107
Endowed Chairs & Professorships 46
Full-Time Instructional Faculty 35

Enrollment by Degree Program (Fall)

  Fall 20
BSB 2,865
MBA Programs 955
Global Executive MBA 150
MSBA 35
MABA 29
MHRIR 166
MBT 74
MAcc 49
MS-Finance 24
MS-Supply Chain Mgmt. 37
PhD Business Administration 91
Global Doctor of Business Administration 172
Total 4,647

Accepted Employment Offers

90 days after graduation (August)
  Spring 21
BSB 97.6%
FTMBA 93%
MHRIR 93%

Undergraduate First-Year (Fall)

  Fall 20
Applicants 8696
Admitted 2315
Matriculated 596
Female 44.4%
Students of Color 17.4%
Average Class Rank (percentile) 90
Average ACT 29.6

Geographic Representation

  Fall 20
Minnesota 73%
Wisconsin 13.9%
Other U.S. 10.4%
International 2.7%

MBA, Full-Time (Fall)

  Fall 20
Applicants 342
Admitted 184
Matriculated 74
Female 30.7%
Students of Color 12.0%
Average Years of Work Experience 5.8
Median Undergraduate GPA 3.48
Median GMAT 670

Geographic Representation

  Fall 20
Minnesota 61%
Other U.S. 27%
International 12%

MBA, Part-Time and Online (Fall)

  Fall 20
Applicants 164
Admitted 135
Matriculated 99
Female 38.4%
Students of Color 7%
Average Years of Work Experience 7.9
Median Undergraduate GPA 3.33
Median GMAT 601

Geographic Representation

  Fall 20
Minnesota 79%
Other U.S. 14%
International 7%

CEMBA (Fall)

  Fall 20
Applicants 78
Admitted 59
Matriculated 35
Female 29%
Students of Color 45.7%
Average Years of Work Experience 15

Financial Report

SOURCES OF REVENUE

(in thousands of dollars)
  FY20 FY21 %Change
Tuition & Fees 94,709 94,952 0.26%
State Funding 8,576 9,104 6.16%
Endowment Earnings & Gifts 16,022 16,490 2.92%
Executive Education 2,146 1,982 -7.64%
Consulting, Grants & Contracts 5,064 3,125 -38.29%
Total Revenues 126,517 125,653 -0.68%

EXPENDITURES

(in thousands of dollars)
  FY20 FY21 %Change
Personnel 73,006 70,102 -3.98%
Central Administration Services 25,880 26,415 2.07%
Operating Expenses 9,699 5,729 -40.93%
Research Salaries and Expenses 8,012 7,315 -8.70%
Scholarships 12,631 12,006 -4.95%
One-time Investments 828 1,126 35.99%
Total Expenses 130,056 122,693 -5.67%

Strategic Plan

Carlson School Impact 2025

In 2020-21, school leaders announced a new strategic plan. With renewed promises to stakeholders and detailed goals across five areas, the plan will position the school to create a brighter future.

Read the plan

Faculty

2020-2021 Department Chairs

  • Accounting

    Professor Pervin Shroff
    PhD, Columbia University

  • Finance

    Professor Tracy Yue Wang
    PhD, University of Maryland
    Currently serving

    Professor Andrew Winton
    PhD, University of Pennsylvania
    Served until June 21, 2021

  • Information & Decision Sciences

    Professor Gediminas Adomavicius
    PhD, New York University

  • Marketing

    Professor Kathleen Vohs
    PhD, University of Maryland
    Currently serving

    Professor Vladas Griskevicius
    PhD, Arizona State University
    Served until June 21, 2021

  • Strategic Management & Operation

    Professor Mary Benner
    PhD, Columbia University

  • Supply Chain Management & Operation

    Professor Kingshuk Sinha
    PhD, University of Texas-Austin

  • Work & Organizations

    Professor Mary Zellmer-Bruhn
    PhD, University of Wisconsin-Madison>

Administration


Carlson Adminstration
  • Sri Zaheer
    Dean and Elmer L Andersen Chair in Global Corporate Social Responsibility
  • Ravi Bapna
    Associate Dean, Executive Education
  • Alok Gupta
    Senior Associate Dean, Faculty & Research
  • Stephen T. Parente
    Associate Dean, Global Initiatives
  • Vladas Griskevicius *
    Associate Dean, Undergraduate Program
  • Joel Waldfogel
    Associate Dean, MBA & MS Programs
  • Anne D'Angelo
    Assistant Dean, Global Initiatives
  • Phil Miller
    Assistant Dean, MBA & MS Programs
  • Jennifer Ninneman
    Assistant Dean of Faculty Affairs and Administrative Services
  • James Plesser
    Assistant Dean, Marketing & Communications
  • Travis Smith
    Assistant Dean, Institutional Advancement
  • Nicholas Wallace
    Assistant Dean, Undergraduate Program
  • * Began role June 21, 2021, replacing Raj Singh who held the role since 2015. Singh returned to the Finance faculty.

Board of Advisors

  • Catherine Mathis | Board Chair *#
    Senior Vice President & Chief Operating Officer
    McGraw Hill
  • Whit Alexander *
    Former Executive Vice President & Chief Strategy Officer
    Best Buy Co., Inc.
  • Patrick Andersen
    President Commercial & RoomIt
    CWT
  • Brent G. Blackey *,
    Former President & Chief Operating Officer
    Holiday Companies
  • Mary Pat Blake *
    Founder & President
    Blake Strategic Consulting
  • Thia Breen *
    Former Group President, North America
    Estee Lauder Companies
  • Angela Busch +
    Executive Vice President of Corporate Strategy & Business Development
    Ecolab
  • Jon R. Campbell *
    Former Executive Vice President
    Wells Fargo Bank, N.A.
  • Smriti Canakapalli
    Head of Strategy and Transformation
    Cargill Animal Nutrition & Health
  • Heidi Capozzi
    Executive Vice President and Global Chief People Officer
    McDonalds
  • Tod E. Carpenter *
    Chairman, President & Chief Executive Officer
    Donaldson Company, Inc
  • Andrew Cecere *
    Chairman, President & Chief Executive Officer
    U.S. Bancorp
  • David Clark *
    Senior Vice President
    SVP, General Mills | CEO, Cereal Partners Worldwide
  • Robert L. Duffy *#
    Partner Emeritus
    A. T. Kearney, Inc.
  • Siddharth “Sid” Gandhi *
    Chief Strategy & Enterprise
    Technology Officer
    Securian Financial Group
  • Chip Glaser *
    President
    K. Charles Development Corporation
  • Sarah Grauze *
    Treasurer and Senior Vice President, Finance
    3M
  • Nicole Graves *
    Global People Leader, Office of the CFO
    Apple
  • Mike Happe *
    President & CEO
    Winnebago Industries
  • David Holtze *
    Former Global Vice Chair, Finance & Chief Financial Officer
    Ernst & Young
  • Peter Janzen
    Former Chief Administrative Officer & General Counsel
    Land O’Lakes, Inc.
  • Eric Jing *
    Chairman & Chief Executive Officer
    ANT Group
  • Michael Johnson +
    CEO & Co-Owner
    Johnson Brothers
  • Chris Koch *
    Chairman, President and Chief Executive Officer
    Carlisle Companies Inc.
  • Suresh Krishna
    Chief Executive Officer and President
    Northern Tool + Equipment Company
  • Tim LaLonde *
    COO and Senior Managing Director, Investment Banking
    Evercore
  • Beth Kieffer Leonard *
    CPA, Managing Partner
    Lurie, LLP
  • Kathryn Marinello
    President & CEO
    PODS
  • Laura M. Moret +
    Chief Counsel – Asset Management, Managing Director
    Piper Sandler Companies
  • Bennett Morgan *
    Former President & Chief Operating Officer
    Polaris Industries Inc.
  • Wendy Nelson
    Chair
    Carlson Family Foundation
  • Laura M. Newinski *
    Deputy Chair and Chief Operating Officer
    KPMG in the U.S.
  • Judd Nystrom *
    Chief Financial Officer
    Caliber Collision
  • Rick Olson *
    Chairman, President & Chief Executive Officer
    The Toro Company
  • Jim Owens
    President & Chief Executive Officer
    H.B. Fuller
  • Marcia Page *
    Co-Founder & Executive Chair
    Värde Partners, Inc.
  • Trevor Putrah *
    President
    KGPCo
  • Nii Quaye *#
    Principal
    Vermillion Group
  • Peter Rainey *
    Senior Vice President and Controller
    UnitedHealth Group
  • Michael Ramlet
    Co-Founder & Chief Executive Officer
    Morning Consult
  • Peter Rottier *
    Managing Director
    Summit Partners
  • Mark Schindele *
    Executive Vice President & Chief Stores Officer
    Target
  • Craig Schmidt *
    Ex-Officio Member Alumni Board President CPA, Head of Regulatory and Basel Reporting Controllers Group
    Wells Fargo
  • Christy Sovereign *
    Senior Managing Director
    Accenture
  • Thomas O. Staggs *
    Former Chief Operating Officer
    The Walt Disney Company
  • Mike Zechmeister *#
    Chief Financial Officer
    C.H. Robinson
  • * Carlson School Alumnus
  • + Other U of M Degree
  • # Executive Committee Member

Carlson School of Management

 

Carlson School of Management

321 19th Avenue South
Suite 4-300
Minneapolis, MN 55455

(612) 625-0027
(877) 625-6468

csom@carlsonschool.umn.edu