Luter Fast Facts and Outcomes
The Luter School of Business is accredited by the Association to Advance College Schools of Business.
At the Luter School of Business, our mission is to develop undergraduate students intellectually, professionally, and personally through a rigorous liberal arts-based, applications-intense program that distinguishes them as critical thinkers, collaborative problem-solvers, articulate communicators, and ethical business leaders who possess the multidisciplinary competencies and specialized skills necessary to positively impact their community, the region, nation and the global economy.
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 |
|---|---|---|---|---|---|
| 2023-24 | 26 | 54 | 41 | 29 | 150 |
| 2022-23 | 22 | 52 | 59 | 48 | 181 |
| 2021-22 | 33 | 54 | 59 | 46 | 192 |
| 2020-21 | 31 | 40 | 40 | 38 | 149 |
| 2019-20 | 42 | 38 | 46 | 42 | 168 |
| 2018-19 | 46 | 39 | 42 | 43 | 170 |
| 2017-18 | 51 | 46 | 45 | 55 | 197 |
| 2016-17 | 47 | 37 | 38 | 50 | 172 |
| 2015-16 | 44 | 23 | 36 | 48 | 151 |
| 2014-15 | 46 | 15 | 49 | 26 | 136 |
| 2013-14 | 47 | 21 | 38 | 32 | 138 |
| 2012-13 | 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 |
|---|---|---|
| 2022-23 | 158 | 94% |
| 2021-22 | 158 | 92% |
| 2020-21 | 161 | 96% |
| 2019-20 | 162 | 97% |
| 2018-19 | 163 | 99% |
| 2017-18 | 159.8 | 93% |
| 2016-17 | 162 | 97% |
| 2015-16 | 163 | 98% |
| 2014-15 | 164 | 98% |
| 2013-14 | 159.3 | 86% |
| 2012-13 | 158.2 | 86% |
| 2011-12 | 159.3 | 89% |
| 2010-11 | 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.
| 2019-20 | 2018-19 | 2017-18 | 2016-17 | 2015-16 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| FTE | Career Outcome | FTE | Career Outcome | FTE | Career Outcome | FTE | Career Outcome | FTE | Career Outcome | |
| ACCT | 60.6% | 97.4% | 69.8% | 100.0% | 74.5% | 100.0% | 65.0% | 97.5% | 60.7% | 96.4% |
| FINC | 68.8% | 100.0% | 84.9% | 100.0% | 90.9% | 97.7% | 90.0% | 100.0% | 81.2% | 93.7% |
| MGMT | 88.9% | 97.2% | 82.4% | 100.0% | 81.4% | 97.0% | 79.3% | 93.1% | 90.5% | 100.0% |
| MKTG | 77.8% | 100.0% | 92.8% | 95.2% | 84.0% | 98.0% | 88.1% | 97.6% | 77.4% | 87.1% |
| Total | 73.9% | 98.6% | 82.0% | 98.6% | 82.6% | 98.4% | 80.1% | 97.1% | 76.1% | 93.8% |
| Knowledge Rate | 142/168 = 84.5% | 147/170 = 86.5% | 184/197 = 93.4% | 141/172 = 82% | 96/151 = 63.6% | |||||
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