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2022 ANNUAL REPORT

  • 2022

    ANNUAL REPORT

    JULY 1, 2021 to JUNE 30, 2022

School Statistics

Faculty Composition

  Fall 2021
Tenured & Tenure-Track Faculty 104
Endowed Chairs & Professorships 42
Full-Time Instructional Faculty 28

Enrollment by Degree Program (Fall)

  Fall 2021
BSB 3,028
Full-Time/Management Science MBA 165
Part-Time/Online MBA 692
CEMBA 73
Global Executive Programs 150
MSBA 123
MABA 24
MBT 61
MAcc 69
MSF 47
MSMK 11
MSSCM 35
MHRIR 157
Global Doctor of Business Administration 286
PhD in Business Administration 91
Total 5,012

Accepted Employment Offers

90 days after graduation (August)
  Fall 2021
BSB 97.6%
FTMBA 95%
MHRIR 98%
MSBA 94%

Undergraduate First-Year (Fall)

  Fall 2021
Applicants 8,496
Admitted 2,478
Enrolled 673
Female 44.7%
Students of Color 24%
Average Class Rank (percentile) 89.2
Average ACT 29.9

Geographic Representation

  Fall 2021
Minnesota 71.6%
Reciprocity 14.6%
Other U.S. 10.7%
International 3.1%

MBA, Full-Time/Management Science

  Fall 2021
Applicants 464
Admitted 173
Matriculated 88
Female 37.5%
Students of Color 12.5%
Average Years of Work Experience 6
Median Undergraduate GPA 3.6
Median GMAT 670

Geographic Representation

  Fall 2021
Minnesota 53.4%
Other U.S. 20.5%
International 26.1%

MBA, Part-Time and Online

  Fall and Spring
Applicants 259
Admitted 238
Matriculated 189
Female 42.9%
Students of Color 17.4%
Average Years of Work Experience 8.5
Median Undergraduate GPA 3.4
Median GMAT 620

Geographic Representation

  Fall 2021
Minnesota 84.6%
Other U.S. 4.8%
International 10.6%

Executive MBA (Fall)

  Fall 2021
Applicants 67
Admitted 66
Matriculated 39
Female 40%
Students of Color 36%
Average Years of Work Experience 15

Financial Report

SOURCES OF REVENUE

(in thousands of dollars)
  FY21 FY22 %Change
Tuition & Fees 94,952 103,014 8.5%
State Funding 9,104 9,139 0.4%
Endowment Earnings & Gifts 16,490 16,744 1.5%
Executive Education 2,003 2,973 48.4%
Consulting, Grants & Contracts 3,104 2,684 -13.5%
Total Revenues 125,653 134,554 7.1%

EXPENDITURES

(in thousands of dollars)
  FY21 FY22 %Change
Personnel 70,102 71,638 2.2%
Central Administration Services 26,415 25,910 -1.9%
Operating Expenses 5,718 12,762 123.2%
Research Salaries & Expenses 7,317 7,435 1.6%
Scholarships 12,006 14,901 24.1%
One-time Investments 1,126 344 -69.5%
Total Expenses 122,684 132,990 8.4%

Strategic Plan

Carlson School Impact 2025


In 2021-2022, the Carlson School community took important steps forward in all areas outlined in our strategic plan. Among the highlights: launching a new undergraduate curriculum that addresses the needs of employers today and prepares leaders of tomorrow; the hiring of the first-ever senior diversity officer and establishing a Center for Diversity, Equity, and Inclusion in Business; and deepening our engagement with corporate and individual partners through experiential learning (domestic and abroad), co-curricular activities, and more. With renewed promises to stakeholders and detailed goals across five areas, the plan — announced in 2020-21 — will position the school to create a brighter future.

Read the plan

Faculty

2021-2022 Department Chairs

As of June 30, 2022


  • Accounting

    Professor Pervin Shroff
    PhD, Columbia University
  • Finance

    Professor Tracy Yue Wang
    PhD, University of Maryland
  • Information & Decision Sciences

    Professor Gautam Ray
    PhD, Ohio State University
  • Marketing

    Professor Kathleen Vohs
    PhD, Dartmouth College
  • Strategic Management & Entrepreneurship

    Professor Mary Benner
    PhD, Columbia University
  • Supply Chain Management & Operations

    Professor Kingshuk Sinha
    PhD, University of Texas-Austin
  • Work & Organizations

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

Administration

As of June 30, 2022



Carlson Adminstration
  • Sri Zaheer
    Dean and Elmer L Andersen Chair in Global Corporate Social Responsibility
    PhD, Massachusetts Institute of Technology

  • Alok Gupta
    Senior Associate Dean, Faculty & Research
    PhD, University of Texas-Austin
  • Stephen T. Parente
    Associate Dean, Global Initiatives
    PhD, Johns Hopkins University
  • Vladas Griskevicius
    Associate Dean, Undergraduate Program
    PhD, Arizona State University
  • Joel Waldfogel
    Associate Dean, MBA & MS Programs
    PhD, Stanford University

  • Anne D'Angelo
    Assistant Dean, Global Initiatives
    PhD, University of Minnesota
  • 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
  • Ellen Trader
    Assistant Dean, Executive Education
  • Nicholas Wallace
    Assistant Dean, Undergraduate Program
    PhD, University of Minnesota

Board of Advisors

As of June 30, 2022


  • Catherine Mathis *#
    Board Chair
    Former 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 EVP, Director of Government & Community Relations
    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 *
    Senior Vice President, Employee Benefits Solutions
    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 Senior Vice President, 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 of Management

 

Carlson School of Management

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

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

csom@umn.edu