The Richard A. Chaifetz School of Business at Saint Louis University (SLU) ranked No. 72 this year — dropping four spots from last year’s 68th place. The St. Louis, Missouri-based B-school had a slightly more selective admissions year with an acceptance rate of 81.72% and an average SAT score of 1223, compared to last year’s 83% and 1241.
Employment-wise, Chaifetz performed well despite the COVID-19 economic downturn with 83.10% of its Class of 2020 securing full-time employment within three months of graduation — up from last year’s 81.43%. Internship placements remained unchanged at 76%. Employment outcomes was SLU’s strongest methodological category, where it placed 60th.
The Chaifetz education is made up of three key components: values, leadership, and action. Whether it’s through service opportunities or experiential learning, Chaifetz implements these three core elements throughout the entire undergraduate business experience.
Chaifetz undergraduates can choose from 10 different business majors including Accounting, Analytics & Enterprise Systems, Economics, Entrepreneurship, Finance (Financial Analysis Concentration and Real Estate Concentration also available within Finance), Information Technology Management, International Business, Leadership and Human Resource Management, Marketing, and Sports Business.
All students are required to take both an Arts and Sciences Core as well as the Business Common Body of Knowledge requirements. The Arts and Sciences Core are general education courses taken in the College of Arts and Sciences. The Business Common Body of Knowledge Requirements consists of fundamental business knowledge from accounting to marketing.
Chaifetz alumni view their business education relatively well with surveyed 2018 alumni giving an 8.3 average rating for the quality of teaching in business courses. Faculty support was rated the highest with 2018 alumni giving a 9.4 average rating in terms of faculty availability for informal discussion and mentoring outside of class.
SERVICE LEADERSHIP PROGRAM
Community service is a central part of the Chaifetz experience. The Service Leadership Program allows students to volunteer at service sites in the St. Louis community including Big Brothers Big Sisters, Ronald McDonald House, Saint Louis University’s Campus Kitchen. Since its inception in 1996, Chaifetz students have completed more than 100,000 hours of service. Upon completion of 200 hours of community service, 12 leadership workshops, and 15 credit hours of coursework. students in the Service Leadership Program earn a minor in Service Leadership. The program is fundamental to the type of education that Chaifetz instills in its students — one that is driven by values, leadership, and action.
“This is an intensive program that is designed for business students and is unique to the Chaifetz School of Business,” one 2018 alumni told us. “The service hour requirement combined with leadership workshops transform business students into agents for change in their communities no matter what their career path and I haven’t seen any program like this at another business school.”
EXPERIENTIAL, REAL-WORLD LEARNING
Many of the courses at Chaifetz include an experiential learning component that challenges students to learn in the real world. A number of these courses also offer a global component and 52% of Chaifetz students graduate with a global experience.
Students in the International Business program can take part in a two-week global immersion trip to Budapest, Hungary as part of their required electives. The trip includes company visits, market survey research, and cultural excursions aimed at teaching students about the business challenges specific to Central Europe.
“I participated in a global immersion course that traveled to Budapest, Hungary, and consulted for a global company,” one 2018 alumni said. “This was an exceptional opportunity to expand my cultural knowledge and provide a practical application of my international business degree during my undergrad experience.”
“I traveled to Hungary through an immersion course and worked on a sustainability project for Bayer Crop Science,” another 2018 alumni said. “This was a unique learning experience that brought what we learned in the classroom to a real business scenario.”
Beyond the International Business program, many other programs include a strong experiential learning component. A number of surveyed 2018 alumni across different majors spoke to the relevance of their business education.
“One of my favorite aspects of the business classes that I took at SLU was the classes that required service hours or field hours,” one 2018 reported. “Although meeting that requirement was difficult and time consuming it allowed me to get real work experience. It showed me what I enjoy doing.”
“My SAP project class that was co-taught by a Deloitte professional gave me the real-life experience of being a Deloitte SAP Consultant,” another 2018 alumni explained. “The SAP offering in classwork is what helped me land my first job at Deloitte and set me up for future success for my next job.”
The Chaifetz education is one that challenges students to not only utilize business to solve real-world issues, but also to lead as agents of change. The B-school’s strong Service Leadership Program and experiential coursework, ultimately, create business professionals who are driven by the Chaifetz DNA of values, leadership, and action.
“Drafted a program to help further market/expand LGPA reach domestically. The engagement of this work did not feel like normal school work. The engagement of a 3rd party company was a great experience & use of application of skills rather than learning material.”
“SAP Alliance Program set me apart from other peers in my starting class at Deloitte. It gave me the competitive edge to start my career in SAP with a head start.”
“I have bachelors & masters degrees from SLU’s business school. My bachelor’s capstone introduced me to academic research and my master’s thesis helped me make it a career.”
WHERE THE CLASS OF 2020 WENT TO WORK:
- Boeing Company: 8
- Deloitte: 7
- EY LLP: 4
- Edward Jones: 3
- Federal Deposit Insurance Corporate (FDIC): 3
- PwC: 3
- Protiviti: 3
- RSM US LLP: 3
- TD Ameritrade: 3
- Enterprise Holdings: 2
- KPMG: 2
- Maryville Consulting Group: 2
- Northern Trust: 2
- Synergy Wealth Solutions: 2
- World Wide Technology: 2