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Florida State University College of Business 2023 Dean's Annual Report

An Amazing Year!

It is my honor to share the 2023 Dean’s Annual Report showcasing significant achievements by the Florida State University College of Business. We hope the breadth of our success offers further proof that strategic investments along our path to preeminence yield impactful academic, personal and professional results. Our world-renowned faculty members generate innovative research that informs and transforms business practice. Our talented student body embraces opportunities for advanced learning, shines at applying lessons learned and gleans even more knowledge through internships and expanding professional development opportunities. Our community, including faculty and staff members, alumni and friends, continually works to equip students with the latest skills in critical thinking, leadership and professional engagement – qualities that global companies increasingly demand. We also take pride in the success of our graduates – 73,000-plus and counting – as they leverage their business degrees to fuel their careers and thrive in their chosen industries. I know you’ll enjoy this report as it underscores the positive impact our college has on society and the growing reputation we’ve earned as one of the very best business schools in the world.

Michael Hartline
Dean and Charles A. Bruning
Professor of Business Administration

FSU Business Stands Among Nation's Best Public Schools

Based on rankings released by U.S. News and World Report during the 2023 school year 

# 4

Dr. William T. Hold/The National Alliance Program in Risk Management and Insurance

# 6

Real Estate Program

# 8

Online Graduate Business Programs For Veterans

# 8

Real Estate MBA Specialty

# 9

Business Analytics MBA Specialty

# 16

Online Master's Degrees in Management Information Systems (MS-MIS) and Risk Management Insurance (MS-RMI)

Positioned for Preeminence

Undergraduate Minors
Undergraduate Majors
Master's Degrees
MBA Specializations
Combined Pathways

(BS to Master's)

Doctoral Majors

2,510 degrees awarded during the school year ending in spring 2023

Specialized Master's

A community focused on all levels of learning

8,074 FSU students across campus took at least one course in the College of Business

Total Enrollment

An impressive list of accomplishments

4 %
Average growth in annual undergraduate enrollment since 2019
Number of select undergraduates accepted into combined pathways providing a head start on graduate school
95 %
Percentage of business freshmen who began school in 2021 and returned for their sophomore year
Graduate students receiving assistantships
Number of undergraduates also pursuing a minor in business analytics or general business
$ 78M
Financial endowment
First-time-in-college business freshmen who started school in 2018 and graduated in four years
Continuous years of accreditation granted by the Association to Advance Collegiate Schools of Business (AACSB International)
$ 735,850
Scholarship money awarded to students

A closer look at undergraduate demographics







2 or More Races

Native Hawaiian/Native American/Pacific Islander

Top 10 home states






New Jersey


New York






North Carolina







Top 10 Florida counties












Palm Beach









A breakdown in numbers by program and major

A snapshot of students enrolled for Spring 2023

A closer look at undergraduate majors

The number of majors exceeds the number of enrolled students by 647 due to some students pursuing multiple business majors. These numbers do not include 56 business majors counted at FSU’s Panama City campus.

Specialized Master’s enrollment by program

Master of Business Administration enrollment by format

MBA students pursuing a joint pathway with Law (JD/MBA) are admitted into the Accelerated, Full-Time format; those in the joint pathway with Social Work (MSW/MBA) are admitted into the Part-Time, Evening format. These numbers do not include the college’s new Accelerated, Evening format launched in fall 2023.

Ph.D. in Business Administration enrollment by major program

A value-added pursuit at a competitive price

Florida ranks No. 1 among all U.S. states for average tuition and fees required of residents attending FSU or other public 4-year schools. (U.S. News’ Best States Rankings, 2023)

Undergraduate tuition, fees
( per credit hour )

$ 215.55

In Florida

$ 721.10

Out of State

Graduate tuition, fees on campus
( per credit hour )

$ 479.32

In Florida

$ 1,110.72

Out of State

Online MBA/Master’s market rate, fees
(per credit hour)

$ 720.18

In Florida

$ 810.24

Out of State

Building a Legacy

Legacy Hall Entry Plaza

A dream fulfilled is rising on the southeast side of the Florida State University campus. The College of Business continues to build its new showcase home, Legacy Hall, celebrating each milestone made possible by donors, state and local officials, college faculty and staff members, alumni and friends. At five stories and more than 218,000 square feet, Legacy Hall will become the largest academic space on campus. Construction began in February 2023, and the building promises to be transformative for the college, drawing even more exceptional students and world-renowned faculty members and providing more space and specialized surroundings that foster collaboration and innovation. With every step toward completion, the college is building a better future.

Legacy Hall Entry Plaza

Showcasing Our New Facility

Planned cost: $160M

Five floors to accommodate future growth

Central atrium to promote connection and collaboration

Forum stairs with seating

300-seat auditorium for classes and speaking events

Multipurpose event space

Dedicated professional development space

Financial trading room

Research with Impact

Contributing to the canon of literature shaping best business practices. Examining emerging economic issues. Challenging the status quo. These efforts of faculty members at the FSU College of Business are producing findings that immediately inform new business models and make an impact. The college ranks No. 1 in the percentage of published faculty among business schools and No. 3 among percentage published faculty whose work has been cited by others, according to the latest data provided by Academic Analytics. The college’s faculty also ranks No. 9 in overall research activity at Carnegie-classified public universities. The college also gives annual awards for junior and senior faculty research achievements and hosts research gatherings such as the FSU Truist Beach Conference, which features some of the world’s leading finance scholars presenting original research and debating issues related to the financial marketplace.

Eight Eminent Scholars

James Ang

Bank of America Eminent Scholar in Finance

Patricia Born

Payne H. & Charlotte Hodges Midyette Eminent Scholar in Risk Management & Insurance

Michael Brusco

Haywood & Betty Taylor Eminent Scholar in Business Administration

Yingmei Cheng

Patty Hill Smith Eminent Scholar in Finance and Director, Ph.D. Program with a Major in Finance

J. Joseph Cronin

John R. Kerr Eminent Scholar in Marketing and Service Innovation

Bruce Lamont

Department Chair, Jim Moran Eminent Scholar in Business Administration and Director of Research, Jim Moran Institute for Global Entrepreneurship

Maura L. Scott

Dr. Persis E. and Dr. Charles E. Rockwood Eminent Scholar in Marketing

G. Stacy Sirmans

J. Harold & Barbara M. Chastain Eminent Scholar in Real Estate

Published and prolific

Based on the latest information available from Academic Analytics, 2018-2022

# 1

In percentage of published faculty among business schools at Carnegie-classified public universities

# 9

In overall research activity at these schools, based on the Scholarly Research Index


Faculty publications


Faculty citations


Editorial appointments

Top 3 %

Wayne Hochwarter

Melvin T. Stith Sr. Professor in Business Administration
For total number of citations of his research; for the i10 index, which reflects the number of articles with at least 10 citations; and for the H-index, which reflects the number of publications and the number of citations per publication (2023 AD Scientific Index)

# 2

Real Estate faculty

For most prolific faculty among all universities publishing in three core real estate journals (Real Estate Academic Leadership Rankings, December 2022)

# 3

Daekwan Kim

Spencer-Feheley MBA Professor
For research related to innovation and international business, according to a review of more than two decades of literature (Heliyon journal, 2023)

# 3

Accounting faculty

Among U.S. public universities – No. 5 worldwide – for archival audit research over the last six years (2022 BYU Accounting Rankings for Universities)

# 4

Tingyu Zhou

Dean Gatzlaff Associate Professor of Real Estate
Among real estate scholars with the most publications in top three core real estate journals (Real Estate Academic Leadership Rankings, January 2024)

# 4

Risk Management and Insurance faculty

Most prolific for all schools publishing in the top five RMI and actuarial science journals – and No. 5 for top RMI journals only – for 2018-2022 (University of Nebraska-Lincoln’s Global Research Rankings of Actuarial Science and Risk Management and Insurance, August 2023)

# 7

Business Analytics, Information Systems & Supply Chain faculty

For 2020-2023 research contributions among university faculties worldwide publishing in the Journal of Operations Management (The UTD Top 100 Business School Research Rankings)

# 8

Dr. Persis E. Rockwood School of Marketing faculty

For research related to innovation and international business, according to a review of more than two decades of literature in 20-plus principal journals (Heliyon journal, 2023)

# 10

Accounting faculty

Among U.S. public schools – No. 15 worldwide – for all audit research over the last six years (2022 BYU Accounting Rankings for Universities)

# 10

Chongyu Wang

Assistant Professor
Of real estate scholars with the most publications in top three core real estate journals (Real Estate Academic Leadership Rankings, January 2024)

Top 25

Accounting faculty

Among U.S. public universities in amount of research
produced over the last six years (2022 BYU Accounting
Rankings for Universities)

Advancing in Academics

Dr. Adams, transformative teaching

Entrenched in expertise, FSU business faculty members employ teaching methods that drive home lessons and inspire. Professors infuse their lectures with the latest research findings on best business practices. Taught by full-time academics, instruction emphasizes individual attention and practical application. Top students take advantage of opportunities for accelerated or honors coursework. Whether fledgling freshmen contemplating business occupations for the first time or skilled professionals wanting to retool their careers, students can choose from a breadth of degree programs, majors and minors designed to help them succeed in their chosen industry.

Dr. Adams, transformative teaching

Engaged Beyond the Classroom

Five Students posing for the camera

Corporate leadership is not an overnight achievement. Today’s high achievers, industry disruptors and marketplace pioneers were once college students learning how to prioritize their coursework and part-time pursuits, such as internships or other extra-curricular activities while maintaining a thriving social network. At Florida State’s College of Business, we know students must often hone their leadership skills outside the classroom. That is why the college promotes internships, encourages involvement in student-run organizations and supports participation in intercollegiate case competitions. All these activities give FSU business students ample opportunity to supplement their studies with the practical experience and personal skills every employer seeks.

Five Students posing for the camera

Career Placement Success

Based on latest surveys available, 2021-2022 graduates.

Percentage reporting new jobs secured after graduation

87.2 %

Bachelor's graduates

within 3 months

84 %

MBA graduates

within 6 months

92 %

Specialized master's graduates

within 6 months

Master's programs with highest placement rates 6 months out

99 %


100 %

Management Information Systems

100 %

Risk Management and Insurance

Average starting salaries from new positions accepted within 6 months post-graduation

Does not include signing bonuses or graduates who continued to work with the same employer during school and after graduation

$ 57,255

All bachelor's graduates reporting

$ 69,036

All master's graduates reporting

$ 66,899

All specialized master's graduates reporting

$ 71,627

All MBA graduates reporting

Master's programs with highest average starting salaries

Based on those reporting new jobs within first 6 months post-graduation

$ 106,302

MBA - Online format

$ 83,125

Management Information Systems

$ 73,575

Business Analytics

$ 72,884


Top 25 Undergraduate Employers

Based on last 3 years of student surveys



Bank of America

Brown & Brown Insurance


Dell Technologies


Ernst & Young

Fidelity Investments


Fisher Investments

Grant Thornton



JP Morgan


Lockheed Martin

Northwestern Mutual



Raymond James


Signature Consultants

Techtronic Industries

Wells Fargo

Industry Investment

Engaged Students

The FSU College of Business counts on industry support to keep its programs in sync with the latest business trends and demands, hire its graduates and advocate on behalf of the college. The college’s primary advisory group – the Board of Governors – stimulates financial support and sponsors signature events celebrating student, faculty and alumni achievements. Most disciplines feature their own advisory boards that provide, for example, ideas for new, relevant coursework and assistance in additional career opportunities for students. Many of these board members receive invitations to prestigious events such as the Charles A. Bruning Speaker Series or serve on distinguished panels for events such as business leadership summits.

Engaged Students

Engagement by the numbers


Industry networking events


Undergraduates participating in internships for academic credit


Classroom speakers


Industry advisory boards

Significant industry events

Accomplished Alumni

Alums Talking

Proudly representing the College of Business, more than 73,000 graduates have gone on to lead key operations in all corners of the world. Known for their grit and for pushing the boundaries of the status quo, our alumni infuse their industries with innovation anchored in the skills and sound business practices first embedded at FSU. No matter how far their degree propels them, they often return to give the next generation of business leaders a boost. They offer their hard-earned expertise through one-on-one mentoring and classroom visits. They help fund student professional development, scholarships and state-of-the-art facilities, all essentials of a highly ranked business school. Through these sacrifices of time and resources, they demonstrate their belief in their alma mater’s ability to change lives and their commitment to upholding its gold-standard status.

Alums Talking

Alumni Hall of Fame 2023 Inductees

For a full list of Alumni Hall of Fame members, visit


Christopher Iansiti

BS Finance ’92
MS Instructional Systems ’94
Founder of Iansiti Performance Group Inc.

Russell Kohl

Russell Kohl

BS Marketing ’88
President & CEO, Diablo/Freud Tools

Kyle Riva

Kyle Riva

BS Management ’77
CEO and President, Alexander Investments International

Nada Usina

Nada Usina

BS Marketing &
Multinational Business ’93
MS Sport Management ’94
CEO, NU Search


Business alumni anchor Seminole 100

Alumni of the College of Business represent 41 businesses in the Seminole 100, an annual list that recognizes the fastest-growing companies owned or led by FSU alumni. Recognized in 2023, the list’s Top 10 includes the following operations led by business graduates:

  • Perfect Plants Nursery, Alex J. Kantor (BS Management ’12) of Tallahassee, Fla.
  • Simple Syllabus, Frank W. Miller (BS MIS and Entrepreneurship ’10) of The Villages, Fla.
  • Sloane Staffing, Max A. Spanier (BS FIN ’11) of West Palm Beach, Fla.
  • Native Realty, Jaime A. Sturgis (BS Marketing, Entrepreneurship ’12) of Fort Lauderdale, Fla.

“The outstanding alumni who own or lead these fast-growing businesses embody the entrepreneurial spirit that thrives at Florida State University,” President Richard McCullough said. “Their accomplishments reflect well on FSU and inspire a new generation of innovators and business leaders. We’re thrilled to celebrate their success.”

A complete listing of the latest fastest-growing FSU alumni businesses can be accessed at

Seminole 100

Highlights by Discipline



Business Analytics, Information Systems & Supply Chain




Real Estate and Legal Studies

Risk Management and Insurance

Address 821 Academic Way, Tallahassee, FL 32306-1110

Phone 850-644-3090

Fax 850-644-0915

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