The University of North Carolina is also featured in our ranking The Top 10 Online Business Degree Programs and Business Schools.
Business Programs at the University of North Carolina
The School of Commerce, which is now known as the Kenan-Flagler Business School, was established in 1919 among other extensions. Today, the university’s Undergraduate Business program is an exclusive, highly ranked degree program that admits approximately 350 majors and 50 minors yearly. Through UNC’s global partnerships, students are offered unique opportunities for engaging in real-world business exercises and learning through summer abroad programs, semester exchanges, and international internship. Students benefit from completing hands-on projects in the real world with the guidance of their professors and other mentors.
Students of the University of North Carolina’s business program are required to take nine core courses with a minimum of six business electives and five additional electives outside of business. The program focuses on helping students to build and learn the value of crucial business skills such as problem-solving, critical-thinking skills, leadership, oral and written communication, and teamwork.
About University of North Carolina
The University of North Carolina is located in Chapel Hill, North Carolina, and is known as UNC or just Carolina. UNC became the first public university in the United States when established in 1789 by William Richardson Davies. After the process of building the actual structure, classes officially began in 1795, and the university became the first and only establishment to award degrees to students in the 18th century. As the student population grew, so did the variety of degree programs offered. The first graduate programs began at the university in 1876. One of the first few programs to be added were the School of Education in 1918, the School of Commerce in 1919, the School of Government in 1931, and the School of Dentistry in 1949, to name a few.
In 1915, the leaders at the University of North Carolina expanded the university’s goal for excellence by including research and public service as one of the focal points of its mission. As a result, additional graduate programs were funded and more academic research was done within the university. In 1922, the Association of American Universities, an organization built on and for universities with strong backgrounds in academic research and education, acknowledged and accepted UNC as a member for its achievements. In 1972, UNC created the UNC system, and joined 16 other colleges and universities found in North Carolina under a board of governors and a president.
The university continued to grow, and as of today, the University of North Carolina covers 729 acres of the downtown Chapel Hill area. It offers 77 bachelor’s degree, 11 master’s degree, and 65 doctoral degree programs. With a 13:1 student-teacher ratio, there are currently more than 30,000 active students and approximately 4,000 faculty at the university. Of the university’s 322,000 alumni all around the U.S., there are 49 Rhodes Scholars, 39 Luce Scholars, and two Nobel Laureates.
The University of North Carolina’s Accreditation Details
The University of North Carolina at Chapel Hill holds accreditation from the Southern Association of Colleges and Schools Commission on Colleges. UNC’s Kenan-Flagler Business School has received accreditation by the Association to Advance Collegiate Schools of Business. The program was also ranked as the 7th best overall undergraduate business program across the nation by the prestigious Bloomberg Businessweek in 2016, along with being ranked 9th best by U.S. News & World Report also in 2016.
The University of North Carolina Application Requirements
Students applying to the University of North Carolina directly after high school must present the following for admission:
• Completed application form
• $85 application fee
• High school transcript that includes a minimum of 16 units of high school coursework to be eligible for admission. These units should include the five traditional academic areas (social sciences, physical and biological sciences, mathematics, literature, and foreign languages) as well as these requirements:
-English: four units
-Social science, including U.S. history: two units
-Foreign language: at least two units of the same language (ASL will be accepted)
-College preparatory mathematics: at least four units
-Science: three units
Tuition and Financial Aid
The University of North Carolina provides affordable tuition for families, and has one of the lowest tuition rates in the U.S. The University also offers many different forms of financial aid and scholarships that students can utilize if eligible. The general tuition and fees for UNC students for the 2017-2018 year are as follows:
North Carolina Residents: $8,910 (tuition & fees) + $11,190 (housing & meals) + $20,100 (direct costs, such as books, travel, personal expenses, etc.) + $3,634 (indirect costs) = total $23, 734
Out-of-State Residents: $34,928 (tuition & fees) + $11,190 (housing & meals) + $46,128 (direct costs, such as books, travel, personal expenses, etc.) + $4,506 (indirect costs) = total $50, 634
(These rates may change based on the degree type and level of personal expense. Check with the office of the desired program to find specific expenses not mentioned here.)
Financial aid is available in many different forms for students that are eligible and apply. Student eligibility is automatically assessed for level and type of financial aid when they apply. 47% of UNC students receive financial aid, with the average aid package being about $19,000. Students who are eligible can receive grants (funds from the university, state, or federal funds that don’t have to be paid back) and loans (funds from such areas that do have to be paid back). The university also offers a laptop grant to eligible undergraduates to purchase one for academic purposes.
Scholarships are available from the university and outside sources, and are usually, but not always, given based on academic merit, individual talent, and financial hardship. Students can alternatively participate in a work-study program to earn money with a part-time job on campus or in the local community that will be used towards financial aid.
Those students who face extreme financial hardship and are among the university’s lowest-income students (meaning their family income is less than 200% of the federal poverty level) can apply for the Carolina Covenant. This financial aid program covers the full cost of attendance without any loans and gives students the opportunity to attend and graduate from the University of North Carolina through the combined use of scholarships, grants, and work-study debt-free.