In the spirit of continuous improvement, universities are constantly seeking ways to measure and enhance their effectiveness. Within colleges of business, the importance of assessment has been highlighted recently by AACSB accreditation standards dealing with assurance of learning. While AACSB standards focus primarily on direct measures of student learning, indirect measures of students' experiences can also yield important and actionable knowledge. This paper reports on the validation of a "home-grown" exit survey of business seniors (n = 837) in two universities. The instrument taps into students' evaluations of their general education courses, business core/common classes, experience in their majors, advising, and resource availability. In data from one university, exploratory factor analysis was used to create six reliable summary indices of students' evaluations. This factor structure was replicated in data from the second university. Use of instruments such as this to improve business programs is discussed.