Alfred Lerner College of Business and Economics
Newark, Delaware, United States
- Cost of Living$ 16,824
- Tuition Fee From$ 29,375
- Country Rank-
- Batch Strength3,433
- Global Diversity-
- Gender Ratio-
Overview
About
The Alfred Lerner College of Business and Economics is a world-renowned institution located in Newark, Delaware, USA. The college is part of the University of Delaware and offers undergraduate, graduate, and doctoral degrees in various business and economics fields. It was named after Alfred Lerner, a prominent businessman and philanthropist who donated a significant amount of money to the University of Delaware to establish the college.
The college is known for its innovative programmes and its commitment to providing students with a well-rounded education. The college offers a variety of majors, including accounting, finance, economics, management, and marketing. In addition, students have the opportunity to take courses in entrepreneurship, leadership, and international business, among other subjects. The acceptance rate of the college is 55%.
The college has several research centres, including the Centre for Economic Education and Entrepreneurship, the Centre for Applied Business and Economic Research, and the Institute for Financial Services Analytics. These centres conduct research in areas such as economics, entrepreneurship, and finance, and their findings are often published in academic journals and presented at conferences around the world.
The Alfred Lerner College of Business and Economics also has a strong commitment to diversity, equity, and inclusion. The college is home to several student organisations that promote diversity and inclusion, including the Association of Women MBAs and the Black MBA Association. In addition, the college has a Diversity, Equity, and Inclusion Committee that works to ensure that all students, faculty, and staff feel welcome and supported.
Ranking
The Alfred Lerner College of Business and Economics has been recognized by various ranking organizations for its academic excellence and commitment to research. Here are some of the notable rankings:
- In the 2022 edition of U.S. News & World Report's Best Business Schools rankings, the business school ranked #89 in the nation for its undergraduate business program.
- In 2019, Bloomberg Businessweek ranked the college #54 in its ranking of undergraduate business programmes.
- In the 2021 edition of the Princeton Review's Best Business Schools rankings, the college was included among the "Best Business Schools" in the nation.
- In the 2022 QS World University Rankings by Subject, the University of Delaware (of which the Alfred Lerner College of Business and Economics is a part) was ranked #251-300 for business and management studies.
- The Financial Times does not rank undergraduate business programmes, but the University of Delaware's MBA program, offered through the Alfred Lerner College of Business and Economics, was ranked #91 in the U.S. and #1 in Delaware in the Financial Times' 2021 Global MBA Rankings.
Year
QS Ranks
US News Ranks
2023
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Facilities
The college provides students with access to a variety of modern facilities, resources, and services to enhance their learning experience and prepare them for professional careers. Here are some of the facilities and resources available at the Alfred Lerner College of Business and Economics:
Lerner Hall: This is the main building of the college and houses classrooms, faculty offices, study areas, computer labs, and a café.
Career Services Centre: This centre offers career counselling, job search assistance, resume and cover letter reviews, interview preparation, and networking opportunities.
Trading Room: The Trading Room is a state-of-the-art facility equipped with Bloomberg terminals and other financial tools. It is used for hands-on learning experiences in finance, trading, and investment analysis.
Entrepreneurial Centre: This centre provides support to students and alumni who are interested in starting their own businesses. It offers mentoring, workshops, funding opportunities, and access to resources such as co-working spaces and legal services.
Behavioural Science Lab: This lab is used for research on consumer behaviour, marketing, and decision-making. It is equipped with eye-tracking devices, physiological sensors, and other research tools.
Innovation and Technology Lab: This lab provides access to technology tools such as 3D printers, virtual reality equipment, and programming tools to support innovation and entrepreneurship.
Conference Centre: The college has a conference centre that hosts meetings, seminars, and conferences for students, faculty, and professionals.
Notable Alumni
Courses
Admission
Alfred Lerner College of Business and Economics Entry Requirements
The institution is a popular choice for many students. Its admissions process is moderately competitive, but requirements vary depending on the programmes you wish to study. the selection process also takes into account factors such as work experience, extracurricular activities, and demonstrated interest in the field. Students may have to pay an application fee. Below are the supporting documents required for admission:
- Application Fee
- Bachelor’s Degree for applying Master’s degree
- Transcripts
- Scores of Standardized Exams to Study in the USA
- Personal Statements
- GPA score - 3.27
- SAT scores - 1260
- Essay about your educational plans and Career goals
- Resume
- Two Letters of Recommendation
Accepted English proficiency test scores
- TOEFL-iBT - 100
- TOEFL-PBT - 600
- IELTS - 6.5
Alfred Lerner College of Business and Economics Fees
The institution offers several programmes at different levels. Listed below are the fees based on different courses
- Bachelor of Science [B.S] Economics - $36,030 /Year
- Bachelor of Science [B.S] Management - $36,030 /Year
- Master of Civil Engineering - $59,859 /Year
- Master of Materials Science and Engineering - $59,859 /Year
- Master of Science [M.S] Mechanical Engineering - $59,859 /Year
- Master of Business Administration [M.B.A] Entrepreneurial Studies - $36,112 /Year
Placements
The Alfred Lerner College of Business and Economics at the University of Delaware has a dedicated Career Services Centre that helps students and alumni with career exploration, job search strategies, resume and cover letter reviews, interview preparation, and networking opportunities. The Career Services Centre works closely with employers and alumni to create internship and job opportunities for students and graduates.
The college has a strong network of alumni who have gone on to work in various industries, including finance, accounting, marketing, entrepreneurship, and more. The college's alumni hold leadership positions in top companies such as Amazon, J.P. Morgan, PwC, and Goldman Sachs. This network provides students with valuable connections and resources to launch their careers.
Scholarship
Regardless of the program you are studying, there are several scholarship opportunities provided by the university as well as other organizations. With so many scholarships available now, overseas students can greatly lower the financial burden of studying in a new country. You can apply for scholarships to study at the Alfred Lerner College of Business and Economics through UniScholarz. You can find the following types of scholarships based on your academic performance and financial situation:
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Merit-based scholarships
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Need-based scholarships
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Country-specific scholarships
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College-specific scholarships
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Student-specific scholarships
Finances
Most international students are obligated to show proof of sufficient funds to obtain a visa. While some students may have the opportunity to make use of scholarships, not all students cut the eligibility to get a scholarship or a grant. Moreover, not all scholarships cover 100% of your study abroad expenses. At such times, most students resort to acquiring education loans to avoid the financial hassles associated with studying at the Alfred Lerner College of Business and Economics. For Indian students, UniCreds is the ideal education loan marketplace if you’re looking for low-interest rates and free consultation services!
Accommodation
There are several student housing options available for students planning to attend the Alfred Lerner College of Business and Economics. You may select from a wide choice of affordable yet elegant student flats, halls of residence, studios, en-suites, and more! You have the option of staying on campus in the university halls of residence or a private residence. Because of their proximity to the university, on-campus housing options may be ideal; nevertheless, they tend to fill up fast and are more expensive.
UniAcco simplifies the process of finding student housing and offers a variety of options. As a result, students can select from a wide range of available student accommodations near the university, such as luxury studios, en-suites, and shared apartments that are more inexpensive and student-friendly.
Cost of Living
Living in Newark can be affordable if the expenses are managed correctly. Prices of housing have recently increased by 1%. This has not impacted the prices as the overall cost of living in the city is 4% cheaper compared to the national average. This makes it a good option for international students coming to the USA. Below is a list of the expenses that prospective students should keep in mind
|
Items |
Cost |
|
Off-Campus Accommodation |
$755 |
|
On-Campus Accommodation |
$755 |
|
Transportation |
$99 |
|
Food Cost |
$380 |
|
Utility Cost |
$95 |
|
Entertainment |
$32 |
|
Groceries |
$36 |
|
Clothes |
$100 |
|
Health Insurance |
$80 |
|
Total Cost of Living with Off Campus Accommodation |
$1,577 |
|
Total Cost of Living with On Campus Accommodation |
$1,577 |
|
Annual Cost of Living |
$18,924 |