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  • Annual Report

    2023

    July 1, 2022 to June 30, 2023

School Statistics

Faculty Composition

Faculty Composition Fall 2022
Tenured & Tenure-Track Faculty 107
Endowed Chairs & Professorships 50
Full-Time Instructional Faculty 40

Enrollment by Degree Program (Fall)

Enrollment by Degree Program (Fall) Fall 2022
BSB 3,173
Full-Time/Management Science MBA 154
Part-Time/Online MBA 629
CEMBA 63
Global Executive Programs 109
MSBA 74
MABA 14
MBT 83
MAcc 55
MSF 32
MKTG 9
MSSCM 31
MHRIR 127
Global Doctor of Business Administration 320
PhD in Business Administration 88
Total 4,961

Received Employment Offers

* Three months after graduation
^ Six months after graduation
Received Employment Offers Fall 2022
BSB 97%*
FTMBA 98%*
MHRIR 96%^
MSBA 100%^
MSF 97%^
MKTG 91%^

Undergraduate First-Year (Fall)

Undergraduate First-Year (Fall) Fall 2022
Applicants 8,975
Admitted 2,509
Enrolled 654
Female 50.15%
Students of Color 28.29%
Average Class Rank (percentile) 88.70
Average ACT 29

Geographic Representation

Geographic Representation Fall 2022
Minnesota 72%
Reciprocity 17%
Other U.S. 8%
International 3%

MBA, Full-Time/Management Science

MBA, Full-Time/Management Science Fall 2022
Applicants 495
Admitted 187
Matriculated 67
Female 40.30%
Students of Color 26.67%
Average Years of Work Experience 6.25
Median Undergraduate GPA 3.55
Median GMAT 690

Geographic Representation

Geographic Representation Fall 2022
Minnesota 44.78%
Other U.S. 22.38%
International 32.84%

MBA, Part-Time and Online

MBA, Part-Time and Online Fall and Spring
Applicants 227
Admitted 212
Matriculated 162
Female 40.12%
Students of Color 19.13%
Average Years of Work Experience 7.38
Median Undergraduate GPA 3.39
Median GMAT 620

Geographic Representation

Geographic Representation Fall 2022
Minnesota 83.95%
Other U.S. 8.02%
International 8.02%

Executive MBA (Fall)

Executive MBA (Fall) Fall 2022
Applicants 39
Admitted 36
Matriculated 23
Female 17.39%
Students of Color 50%
Average Years of Work Experience 13.7

Financial Report

SOURCES OF REVENUE

(in thousands of dollars)
SOURCES OF REVENUE (in thousands of dollars) FY22 FY23 %Change
Tuition & Fees 103,014 103,369 0.34%
One-time Funding 2,117 N/A
State Funding 9,139 8,853 -3.13%
Endowment Earnings & Gifts 16,744 20,867 24.62%
Executive Education 2,973 3,393 14.13%
Consulting, Grants & Contracts 2,684 4,681 74.40%
Total Revenues 134,554 143,280 6.49%

EXPENDITURES

(in thousands of dollars)
EXPENDITURES (in thousands of dollars) FY22 FY23 %Change
Personnel 71,638 79,215 10.58%
Central Administration Services 25,910 27,348 5.55%
Operating Expenses 12,762 12,707 -0.43%
Research Salaries & Expenses 7,435 8,271 11.24%
Scholarships 14,901 15,936 6.95%
One-time Investments 344 4,117 1096.80%
Total Expenses 132,990 147,594 10.98%

Strategic Plan

Carlson School Impact 2025


In 2022-2023, 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

2022-2023 Department Chairs

As of June 30, 2023


  • 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 Theresa Glomb
    PhD, University of Illinois

Administration

As of June 30, 2023



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
  • Vladas Griskevicius
    Associate Dean, Undergraduate Program
    PhD, Arizona State University
  • Stephen T. Parente
    Associate Dean, Global Initiatives
    PhD, Johns Hopkins University
  • Professor Mary Zellmer-Bruhn
    Associate Dean, MBA & MS Programs
    PhD, University of Wisconsin-Madison

  • 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
  • Jessica Kowal
    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, 2023


  • Catherine Mathis *#
    Board Chair
    Former Senior Vice President & Chief Operating Officer
    McGraw Hill
  • Whit Alexander *
    Consultant
    McKinsey & Company
  • Heather Anfang *
    Senior Vice President - U.S. Dairy Foods
    Land O' Lakes Inc.
  • Mary Pat Blake *
    Founder & President
    Blake Strategic Consulting
  • Angela Busch +
    Executive Vice President of Corporate Strategy & Business Development
    Ecolab
  • 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
  • Nicole Graves *
    Global People Leader, Office of the CFO
    Apple
  • Mike Happe *
    President & CEO
    Winnebago Industries
  • 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 *
    CFO and Senior Managing Director
    Evercore
  • Beth Kieffer Leonard *
    CPA, Partner in Charge - Minnesota
    EisnerAmper Advisory Group LLC
  • Kathryn Marinello
    President & CEO
    PODS
  • Charles "Charlie" Montreuil *
    SVP, Human Resources - Rewards
    Best Buy Company, Inc.
  • 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
  • Linh Peters *
    Senior Vice President and Chief Marketing Officer
    Walgreens
  • 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, Head of Global Regulatory
    Citigroup
  • Christy Sovereign *
    Senior Managing Director
    Accenture
  • Mike Zechmeister *#
    Chief Financial Officer
    C.H. Robinson

 

Carlson School of Management
University of Minnesota
321 19th Avenue South
Suite 4-300
Minneapolis, MN 55455

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