Alfred Lerner College of Business and Economics is a business school at the University of Delaware. The college was named after Alfred Lerner, formerly president of MBNA, one of the world's largest credit card issuers before being acquired by Bank of America. It laid its foundation in the year 1917.

Alfred Lerner College of Business and Economics offers admissions in programs in accounting, economics, entrepreneurship, ethics, finance, general management, health care administration, hotel administration, and some other programs. Business education began at the University of Delaware in the early 20th century, with a Bachelor of Business Major established in 1917. At graduation, 42.30 % of full-time program graduates work.

Highlights

Type of University Public
Year of Establishment 1917
Campus Setting Urban
Total Enrollment 3433
Parent Institution University of Delaware

Rankings

  • Ranked #99-131 in Best Business Schools by US News and World Report, 2020.
  • Ranked #97 in Part-time MBA (tie) by US News and World Report, 2020.
  • Ranked #26 of 301, Best online programs by US News and World Report, 2019.
  • Ranked #12 under the top 25 online MBA programs by Poets and Quants, 2018.
  • Ranked at #11 of 100 Best Business Schools by CollegeAtlas.org in 2017.

Alfred Lerner College of Business and Economics Campus

Alfred Lerner College of Business and Economics Campus

Alfred Lerner College of Business and Economics laid its foundation in the early 20th century.

  • The main campus is located at Newark, Delaware and the Satellite campuses are Dover, Georgetown, Lewes, and Wilmington.
  • The campus stretches up to 1,996 contiguous acres.
  • Alfred Lerner College of Business and Economics offers student organizations including the National Association of Black Accountants (NABA), Hospitality Club, Financial Management Association, Blue Hen Investment Club, Minority Business Student Association, Women in Business, MBA Student Association and others.
  • Whether a student simulating hedge fund strategies or working at a large hotel convention, Lerner puts a student at the center of the action with sophisticated amenities.
  • New York City, Philadelphia, Baltimore, and Washington, D.C. are within a two-hour drive of campus.

Residence Facilities at Alfred Lerner College of Business and Economics

Alfred Lerner Business and Economics College has 8 residential halls.

  • Other housing options for students include all-female housing, substance-free housing, upper-class housing, and all-gender housing.
  • Lerner College has about 4,000 students. There are five unique experiential learning centers for students to improve their business skills.
  • Networking, internships, and student organizations keep students busy and help them develop the skills needed for success beyond graduation.

Programs offered at Alfred Lerner College of Business

Alfred Lerner College of Business and Economics offers programs for undergraduate and graduate degrees via its five academic departments.

  • These include several master’s and Ph.D. programs as well as a variety of interdisciplinary programs that span both undergraduate and graduate areas of concentration.
  • Lerner also offers a certification program called Business Essentials, open to non-Denver Lerner University students and professionals in the community.
  • With 15 undergraduate majors, 10 graduate programs, and a variety of MBA degree options, Lerner has something for everyone interested in a career in business.
  • Online programs have been placed at #26 rank out of 301, while undergraduate business programs have been placed at #87 0f 503.
  • Subjects like Hospitality Management and Accounting have been placed at #6 and #36.

Application Process

International students who want to seek admissions at Alfred Lerner College of Business and Economics can follow the below-mentioned application process:

  • Applicants can apply via the Online Application Portal.
  • Application fee: $75
  • Applicants are considered for admission on a rolling basis, i.e, Applications are accepted at any time up until a week before classes begin and you may begin in the fall, summer, or spring semesters.
  • Suggested Application Dates
    • Applications are accepted after these dates up until a week before classes begin.
  • Fall Semester
    • Domestic applicants: July 1
    • International applicants: June 1
  • Summer Session
    • Domestic applicants: May 1
    • International applicants: Generally not admitted for this term
  • Spring Semester
    • Domestic applicants: January 1
    • International applicants: November 15

Application Requirements:

  • Application Fee
  • Bachelor’s Degree for applying Master’s degree
  • Transcripts
  • Scores of Standardized Exams to study in the USA
  • Personal Statement / Essay about your educational plans and career goals
  • Resume
  • Two Letters of Recommendation
  • International applicants must submit one of the following:
    • Evidence of graduation from a country in the United States or primary language English;
    • TOEFL score of 100 or higher; or
    • IELTS score of 7.5 or higher

Cost of Attendance

The estimated cost of attendance for undergraduate students at the university is mentioned-below:

Cost of Attendance for Undergraduate Students

Tuition & Fees (academic year):

Non-Resident Tuition $34,160
Health Service Fee $454
Student Center Fee $238
International Service Fee $320
Comprehensive Student Fee $858

Other Expenses:

Living Expenses $16,008
Medical Insurance $2,508
Total $54,546

Cost of Attendance for Graduate Students

Tuition & Fees (academic year):

Non-Resident Tuition $34,164
Health Service Fee $454
Student Center Fee $238
International Service Fee $320
Graduate Recreation Fee $100

Other Expenses:

Living Expenses $16,008
Medical Insurance $2,508
Total $53,792

*The above cost of attendance is based on the academic year 2019-2020.

Scholarships & Financial Aid for international students

About 20% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships to afford study in the USA, for a total average of $13,000 annually; a maximum of $26,000.

  • Stipends and programs available for minority students include fellowships and tuition scholarships.
  • Nearly 30% of all the University’s graduate students and approximately 44% of the Lerner College graduate students are internationals.
  • Lerner College offers many services to help you, both in class and out.
    • Conditional Admission Program (CAP) Helps You Improve Your English Skills Before You Start Your Graduate Course - No Toefl Exam Required
    • Graduate student organizations
    • Office for International Students and Scholars (OISS)

Alumni Network

There are currently over 34,400 active Lerner alumni. Lerner alumni can be found in 73 different countries. Financial services are the most popular career area for Lerner alumni. 81% of Lerner alumni hold an undergraduate degree, while 16% hold a graduate degree. 3% hold both an undergraduate and a graduate degree. Lerner college provides alumni awards for recognizing excellence.

Notable Alumni

  • Mary Pat Christie - investment banker
  • John P. Costas - CEO, UBS Investment Bank
  • Steve Alten - science fiction author
  • Peter Bailey - author

Students Placement

Lerner College offers various career opportunities as follows:

For Learner students:

  • Receive personalized professional and career development guidance
  • Find easily accessible, online career information and sign up for career events via handshake
  • Get paired with a mentor who has experience in your field of interest

For Lerner alumni:

  • Lerner Career Services Center offers to take advantage of the resources
  • Serve as a mentor to a current Lerner student

For employers, family, and the community:

  • Connect with Lerner students for mentoring and internships
  • Recruit Lerner talent at job fairs and online

After graduating in 2018, 94% of Lerner’s graduates were employed (earning a median starting salary of $54,309) or pursuing further education.