Annual Report 2025

From July 1, 2024, to June 30, 2025

 

School Statistics

Professor speaking to students in a classroom with laptops open during a business lecture.

Faculty Composition

Faculty TypeNumber
Tenured & Tenure-Track Faculty101
Full-Time Instructional Staff46
Total147*

*45 Endowed Chairs & Professorships

Enrollment by Degree Program
Enrollment by degree programTotal # of Students
Undergraduate3,328
Full-Time MBA/STEM MBA159
Part-Time/Online MBA562
Executive MBA44
Global Executive Programs82
Global Industry MBA38
MS in Business Analytics82
Business Taxation55
Accountancy54
MS in Finance66
Master of Marketing16
MS in Supply Chain Management24
Human Resources & Industrial Relations98
Global Doctor of Business Administration355
PhD in Business Administration84
Total5,047
Received Employment Offers
ProgramPercentage (Spring 2025 Graduates)
BSB96.5%*
Full-Time MBA/STEM MBA82%*
MS in Business AnalyticsN/A until six months after graduation
MS in FinanceN/A until six months after graduation
Human Resources & Industrial RelationsN/A until six months after graduation

* Three months after graduation

 

Undergraduate

Admissions Data
CategoryValue
Applicants9,749
Admitted2,823
Enrolled786
Female44%
Students of Color29%
Average Class Rank (percentile)88.8%
Average ACT29.1
Geographic Representation
LocationPercent (Fall 2024)
Minnesota71%
Reciprocity17%
Other U.S.9%
International3%

MBA, Full-Time/Management Science

Admissions Data
CategoryValue
Applicants450
Admitted206
Matriculated72
Female42%
Students of Color31%
Average Years of Work Experience5.81
Median Undergraduate GPA3.46
Median GMAT660
Geographic Representation
LocationPercent (Fall 2024)
Minnesota56%
Other U.S.26%
International18%

MBA, Part-Time and Online

Admissions Data
CategoryValue
Applicants328
Admitted290
Matriculated188
Female41%
Students of Color27%
Average Years of Work Experience6
Median Undergraduate GPA3.46
Median GMAT620
Geographic Representation
LocationPercent (Fall 2024)
Minnesota84%
Other U.S.11%
International5%

MBA, Executive

Admissions Data
CategoryValue
Applicants48
Admitted42
Matriculated19
Female26%
Students of Color63%
Average Years of Work Experience14
Geographic Representation
LocationPercent (Fall 2023)
Minnesota79%
Other U.S.5%
International16%

Financial Report

Sources of Revenue
Sources of Revenue*FY24FY25% Change
Tuition & Fees103,934111,1436.5%
One-time Funding2,14012,16382.4%
State Funding10,61012,43114.6%
Endowment Earnings & Gifts24,87722,476-10.7%
Executive Education3,1382,800-12.1%
Consulting, Grants & Contracts4,3774,5002.7%
Total Revenues149,076165,5139.9%
Expenditures
Expenditures*FY24FY25% Change
Personnel84,91386,3811.7%
Central Administration Services29,35430,0592.3%
Operating Expenses14,60814,8191.4%
Research Salaries & Expenses8,2848,6384.1%
Scholarships18,78519,7284.8%
One-time Investments-10,430 
Total Expenses155,944170,0558.3%
Revenue and expenditures are listed in thousands of dollars


 

Strategic Plan

Student wearing a Carlson School of Management sweatshirt smiling outdoors with classmates in the background.

Elevate, Minnesota Carlson Strategic Plan for 2025-27

The Carlson School of Management has developed Elevate, our strategic plan to provide a compelling, authentic, unique, and aspirational vision to usher the school into its next 100 years. Engaging the school’s stakeholders in an inclusive, comprehensive, six-phase process, Elevate identifies concrete priorities for the next three years to implement and advance that vision.


Read the plan


 

Faculty Department Chairs

Accounting

Professor Pervin Shroff 
PhD, Columbia University 
 

Finance

Professor Tracy Yue Wang 
PhD, University of Maryland
 

Information & Decision Sciences

Professor Gautam Ray 
PhD, Ohio State University
 

Marketing

Professor Akshay Rao
PhD, Virginia Polytechnic Institute and State University

Strategic Management & Entrepreneurship

Professor Aks Zaheer 
PhD, Massachusetts Institute of Technology 
 

Supply Chain Management & Operations

Professor Kingshuk Sinha 
PhD, University of Texas-Austin
 

Work & Organizations

Professor Theresa Glomb 
PhD, University of Illinois


 


 

 

 

Administration

Dean Jamie Prenkert

Jamie Prenkert

Dean and Investors in Leadership Distinguished Chair
JD, Harvard Law School

School Leadership

Mary Benner
Associate Dean, Undergraduate Program
John and Nancy Lindahl, Professor for Excellence in Business Education
PhD, Management, Columbia University

Vladas Griskevicius
Associate Dean of Academic Innovation & Operations
Carlson Family Foundation Chair in Marketing
PhD, Psychology, Arizona State University 

Stephen T. Parente 
Associate Dean of Carlson Global Institute 
Professor, Minnesota Insurance Industry Chair of Health Finance
PhD, Health Finance and Organization, Johns Hopkins University

 

Myles Shaver
Associate Dean of Faculty and Research
Curtis L. Carlson School-wide Chair in Corporate Strategy
Strategic Management & Entrepreneurship
PhD, International Business, University of Michigan

Mary Zellmer-Bruhn
Associate Dean of MBA and MS Programs
PhD, Organizational Behavior, University of Wisconsin

 

Senior Staff Leadership

 

Connie Buechele
Director, Information Technology

Geida Cleveland
Executive Director, Wellbeing, Empowerment, and Belonging

Steve Henneberry
Executive Director, Strategic Initiatives and Special Projects

Jiabei Kaiser
Assistant Dean, Executive Education

Jessica Kowal
Assistant Dean, Institutional Advancement

 

Phil Miller
Assistant Dean, MBA and MS Programs

Jennifer Ninneman
Assistant Dean, Faculty Affairs and Administrative Services

James Plesser 
Assistant Dean, Marketing & Communications 

Nicholas Wallace 
Assistant Dean, Undergraduate Program 

Michelle Wills
Director, Finance

 

Board of Advisors

* Minnesota Carlson Alumni
+ Other U of M Degree 
# Executive Committee Member

Catherine Mathis*#
Former SVP & COO
McGraw Hill

Whit Alexander*
Chief Customer Officer 
Tailored Brands

Heather Anfang*
President of Dairy Foods & Executive Vice 
Land O’Lakes, Inc.

Mary Pat Blake*#
Founder & President
Blake Strategic Consulting

Angela Busch+
EVP – Corporate Strategy & Business Development
Ecolab Inc.

Smriti Canakapalli
Head of Strategy & Transformation
Cargill Animal Nutrition & Health

Heidi Capozzi*
EVP & Global Chief People Officer
CVS Health

Andrew Cecere*
Chairman, President & CEO
U.S. Bancorp

Robert L. Duffy*#
Partner Emeritus
A.T. Kearney

Nicole Graves*
Global People Leader, Office of the CFO
Apple

Jason Grosz*
Ex-Officio Alumni Board President; Vice President, Global Talent Acquisition
Ecolab

Mike Happe*
President & CEO
Winnebago Industries

Ben Irby*
President
Snacks Operating Unit
General Mills

Eric Jing*
Chairman & CEO
Ant Financial Services Group

Michael Johnson+
CEO & Co-Owner
Johnson Brothers

Chris Koch*
Chairman, CEO & President
Carlisle Companies Inc.

Suresh Krishna
CEO & President
Protolabs

Tim LaLonde*
CFO & Sr. Managing Director
Investment Banking
Evercore

Beth Kieffer Leonard*#
CPA, Partner in Charge - Minnesota
EisnerAmper Advisory Group LLC

Kathryn Marinello
President & CEO
PODS

Celeste Mastin
President & CEO
H.B. Fuller

Charles (Charlie) Montreuil*
SVP Human Resources
Enterprise Rewards
Best Buy Company Inc.

Taylor Moore
Partner
Carlson Private Capital

Bennett Morgan
Former President & COO
Polaris Industries, Inc.

Wendy Nelson
CEO & President
Nelson United, LLC

Laura M. Newinski*
Deputy Chair & COO
KPMG in the U.S.

Judd Nystrom*
CFO
Caliber Collision

Rick Olson*
Chair, President & CEO
The Toro Company

Linh Peters*
Chief Marketing Officer
SEEN Haircare 

Trevor Putrah*
CEO
KGPCo & Circet USA

Nii Quaye*#
Managing Director
Vermilion Group

Peter Rainey*
CFO
UnitedHealthcare

Peter Rottier*
Managing Director
Summit Partners

Mark Schindele*
Former EVP & Chief Stores Officer
Target

Craig Schmidt*
Head of Enterprise & Oversight
Wells Fargo

Dave Seidel*
Senior Vice President, Affinity Solutions 
Securian Financial 

Christy Sovereign*
Sr. Managing Director
Accenture

Jim Weber*
Former Chairman & CEO
Brooks Running Company

Renae Welder*
Tax Principal
Deloitte

Mike Zechmeister*
Former CFO
C.H. Robinson