Luter Fast Facts and Outcomes - Christopher Newport University

Joseph W. Luter, III School of Business

Luter Fast Facts and Outcomes

The Luter School of Business is accredited by the Association to Advance College Schools of Business, a distinction shared by only 6% of business schools worldwide.

The mission of the Luter School of Business is to develop students intellectually and professionally through a liberal-arts based business education that graduates students who positively impact and contribute to the communities in which they live, work, and serve.

The Luter School of Business offers a two-year program with four majors: Accounting, Finance, Management, and Marketing. Students apply as sophomores and must have completed prerequisite courses and have a GPA of 3.0 or higher.

Number of Graduates by Major

Year ACCT FINC MGMT MKTG Total
2023-2024 26 54 41 29 150
2022-2023 22 58 59 48 181
2021-2022 33 54 59 46 192
2020-2021 31  40  40 38  149 
2019-2020 42 38 46 42 168
2018-2019 46 39 42 43 170
2017-2018 51 46 45 55 197
2016-2017 47 37 38 50 172
2015-2016 44 23 36 48 151
2014-2015 46 15 49 26 136
2013-2014 47 21 38 32 138
2012-2013 38 17 33 38 126

National Standardized Testing

Luter seniors take the Major Field Test (MFT), which is designed to measure students’ knowledge in nine business-related categories, including accounting, finance, management, marketing, economics, qualitative analysis, information systems, legal and social environment, and international. There are approximately 12 questions in each category.

The MFT assesses our program strengths and identifies areas for improvement by comparing scores of over 325 domestic institutions, with over 35,000 students taking the test each year. Since 2019, Luter School of Business students have performed at or above the 92nd percentile.

The highest Luter student scorer each academic year receives academic recognition and a financial award.

Year CNU Luter School Average Score National Percentile
2023-2024 161 97%
2022-2023 158 94%
2021-2022 158 92%
2020-2021 161 96%
2019-2020 162 97%
2018-2019 163 99%
2017-2018 159.8 93%
2016-2017 162 97%
2015-2016 163 98%
2014-2015 164 98%
2013-2014 159.3 86%
2012-2013 158.2 86%
2011-2012 159.3 89%
2010-2011 160.8 93%

Christopher Newport University’s Center for Career Planning collects data from each graduating class. The Luter School of Business results are listed below. “FTE” refers to the percentage of students employed full time, and “Career Outcome” includes the percentage of students employed or attending graduate school within six months of graduation.

2022-2023 2021-2022 2020-2021 2019-2020 2018-2019 2017-2018 2016-2017 2015-2016
FTE Career Outcome FTE Career Outcome FTE Career Outcome FTE Career Outcome FTE Career Outcome FTE Career Outcome FTE Career Outcome FTE Career Outcome
ACCT 45% 95% 51.5% 87.9% 48.4% 96.8% 60.6% 97.4% 69.8% 100.0% 74.5% 100.0% 65.0% 97.5% 60.7% 96.4%
FINC 68.2% 100.0% 74.1% 88.9% 71.8% 97.4% 68.8% 100.0% 84.9% 100.0% 90.9% 97.7% 90.0% 100.0% 81.2% 93.7%
MGMT 69.4% 91.8% 75.4% 84.2% 62.9% 91.5% 88.9% 97.2% 82.4% 100.0% 81.4% 97.0% 79.3% 93.1% 90.5% 100.0%
MKTG 73.4% 95.6% 69.0% 75.6% 72.2% 94.4% 77.8% 100.0% 92.8% 95.2% 84.0% 98.0% 88.1% 97.6% 77.4% 87.1%
Total 67.1% 95.6% 69.4% 84.2% 64.5% 95% 73.9% 98.6% 82.0% 98.6% 82.6% 98.4% 80.1% 97.1% 76.1% 93.8%
Knowledge Rate 158/180 = 87.8% 189/192 = 98.4% 141/150 = 94.0% 142/168 = 84.5% 147/170 = 86.5% 184/197 = 93.4% 141/172 = 82% 96/151 = 63.6%
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