Scheller College of Business

Scheller College of Business
Type Public
Established 1934
Dean Maryam Alavi[1]
Undergraduates 1251[2]
Postgraduates 259[2]
Location Atlanta, Georgia, US
Website scheller.gatech.edu

The Scheller College of Business at the Georgia Institute of Technology was established in 1934,[3] and is consistently ranked in the top 25 business programs in the nation.[3]

History

Georgia Tech's management program began in 1912 with the creation of a School of Commerce. In 1933 this school was moved to the University of Georgia during the newly created Georgia Board of Regents' decision to consolidate Georgia's system of higher education.[4] It would later become Georgia State University.[5]

To meet the need for management training in technology, an Industrial Management degree was established in 1934, with a master's degree in the subject becoming the first professional management degree offered in the state 11 years later. The PhD program began in 1970.

In 1989, the College of Management combined with social sciences, humanities, and economics departments to form the Ivan Allen College of Management, Policy and International Affairs.[6] In 1998, the School of Management was spun back into its own college, leaving the Ivan Allen College of Liberal Arts.[7]

In 1996, Georgia Tech alumnus and restaurateur Thomas E. DuPree, Jr. pledged a $20 million donation to the College of Management, resulting in the college being named the DuPree College of Management in his honor. DuPree's name was removed from the college in 2004 after it became clear that DuPree would not be able to make the prescribed payment schedule.[8] DuPree had recently resigned as board chairman and CEO of Avado Brands, the parent company of several chain restaurants which had recently filed for Chapter 11 bankruptcy. In a carefully worded statement, Georgia Tech President G. Wayne Clough remarked that while DuPree's name would be "reluctantly" removed from the college, "We retain the utmost respect for Tom DuPree and all of his remarkable accomplishments and many philanthropic activities."[9] DuPree had donated over $5 million to the college, funding nearly 200 scholarships, and promised to make good on his pledge in the future; as of 2010, this has yet to occur.

On November 6, 2009, College of Management received a $25 million donation from an anonymous donor, who would later come to be identified as Ernest Scheller, Jr. Twenty million of the sum was used as a 1-to-1 challenge grant designed to inspire charitable gifts and commitments from other donors. Fundraising for the challenge concluded June 30, 2012, though pledge payments extend up to five years from the date of a participating donor’s commitment. The remaining $5 million of the $25 Million will provide funds expendable at the discretion of the Dean Steve Salbu.

In June 2012, the College announced a $50 million gift from Ernest Scheller Jr, a Georgia Tech alumnus and former chairman of Silberline Manufacturing, a Philadelphia-based pigment manufacturer. This $50MM included the $25MM that had been given by Ernest Scheller, Jr. anonymously in 2009. It was the largest cash gift in Georgia Tech's history. As a result, the College of Management was renamed the Ernest Scheller Jr. College of Business. The money has been used to double the College's endowment, grow the faculty, and strengthen the Ph.D. programs, among other uses.[10]

Facilities

The Scheller College of Business in Tech Square
Main article: Technology Square

Georgia Tech undertook a $180 million building project in Atlanta called Technology Square. This new multi-building complex, home to the College of Business, is a fusion of business, education, research, and retail space. The complex also houses The Global Learning Center, Advanced Technology Development Center, Economic Development Institute, Center for Quality Growth and Regional Development as well as the Georgia Tech Hotel and Conference Center. The facilities are located in Midtown Atlanta next to several major corporate headquarters such as Bellsouth (AT&T), The Coca Cola Company, Turner Broadcasting System Inc. and Earthlink.

The intent of Technology Square is to promote the formation of a high tech business cluster centered around a premier research university. Similar formations have taken place in cities such as Palo Alto and Boston, both nexuses of thriving high-tech corridors.[11]

On November 24, 2006 the College of Business recently dedicated the state of the art, 2,000-square-foot (190 m2) Ferris-Goldsmith Trading Floor. The trading floor will include fifty-four dual-display computers as well as electronic stock information on the walls, training all levels of management students to use financial analysis and electronic trading tools. Business faculty will use the facility to research improved human performance in trading environments as well as the creation of new financial service models.[12] The trading floor houses Tech's Quantitative and Computational Finance program.

Degrees

Undergraduate

The College of Business offers a BS in Business Administration.[13] U.S. News & World Report currently ranks the undergraduate program as number 29 out of the top 50 ranked programs.[14]

The undergraduate program is ranked 44th in BusinessWeek magazine’s Top 50 list of best undergraduate business programs. In 2012, SmartMoney magazine named Georgia Tech as first in the nation for return on investment among public colleges. Among corporate recruiters, Georgia Tech is ranked number 12.[15]

Julian Saul, Former president of Shaw Industries (Class of '62) has mentioned that his ability to manage a full plate of environmental and competitiveness issues is due in large part to his Georgia Tech experience. "The education gets you prepared to the point where virtually nothing is too big for you. I don't think I've ever had anything in business as hard as final exams at Georgia Tech."[16]

MBA Program

Reputation & Rankings

Georgia Tech's College of Business rose from 25th to 22nd in U.S. News & World Report's 2009 rankings of the nation's top full-time Master of Business Administration (MBA) programs. The program is also one of the top 10 public MBA programs in the country according to the publication's rankings.[17]

The MBA program has a reputation for having a technical/analytical bent in its curriculum.

As part of the 2012 Best Business Schools ranking, Bloomberg Businessweek ranked the Scheller School as the #6 MBA program for Information Technology. The Scheller School was ranked ahead of UC Berkley Haas, NYU Stern and the UPenn Wharton school for Information Technology.[18]

The College ranked in the top 25 in Computerworld's 2007 ranking of "Techno-MBA" programs (degrees that combine a traditional MBA program with a heavy dose of technology).[19] Programs in the Computerworld ranking were not assigned a specific numerical order. U.S. News & World Report currently ranks the MBA program for Information Systems at #24.

U.S. News & World Report currently ranks the MBA program for Supply Chain/Logistics at #19 and Production/Operations Management at #14.

In 2006 a team of first-year MBA students at Georgia Tech won first place in the National Finance Case Competition sponsored by Citigroup's Global Consumer Group and Global Wealth Management Business.[20]

Mimi Wolverton and Larry Edward Penley, in their book Elite MBA Programs at Public Universities: How a Dozen Innovative Schools Are Redefining Business Education , rated the Georgia Tech MBA program as one of the country's most highly rated business programs.[21]

The MBA program has received many other acknowledgments from leading publications, including Business Week (#23 of Top 50 MBA programs), Forbes (#21 of Top 25 MBA Programs Among Public Universities, #45 out of top 50 MBA programs worldwide), The Financial Times (#51 US/#80 International of Full-time International MBA Programs), and The Wall Street Journal (#7 of Top 50 Regional Rankings).[22]

Format

Georgia Tech's MBA program is a two-year degree consisting of one year of required courses and another year of mostly elective courses. Students can choose to focus in accounting, finance, IT management, international business, marketing, operations management, organizational behavior, and strategic management.

The courses listed below provide a general framework for the 54 hours required for an MBA degree. Waivers can be granted and some courses may be taken in alternate semesters, although some classes are only offered once a year. "The 30 hours of elective course work may be satisfied through any combination of 1.5, 2 or 3 hour credit courses. At least 24 hours of electives must be taken in the College of Business. MBA students may take one three-semester hour graduate level independent study or one management graduate level course on a pass/fail basis."[23]

1st Semester 2nd Semester 3rd Semester 4th Semester
Financial Management 3 hrs. Strategic Management 2 hrs. Legal Environment & Business Ethics 3 hrs. International Management Elective
IT Management 2 hrs. Integrative Management Experience 1 hr. Elective Elective
Fin. & Managerial Accounting 3 hrs. Micro & Macroeconomics 3 hrs. Elective Elective
Leadership and Org. Behavior 3 hrs. Marketing Management 3 hrs. Elective Elective
Analytical Tools 3 hrs. Operations Management 3 hrs.
Business Communications 1 hrs. Elective
Career Development Audit

Postgraduate

Notable College of Business Alumni

Name Class year Notability Reference(s)
Stephen P. Zelnak Jr. 1969 Chief Executive Officer and Chairman of the Board, Martin Marietta Materials [24]
John Salley 1988 Four Time NBA Champion ( Detroit Pistons 1989, 1990; Chicago Bulls 1996; Los Angeles Lakers 2000) [25]
Stewart Cink 1995 2009 British Open Champion [26]
James D. Robinson III 1957 Former CEO, American Express 1977-1993. [25]
William L. Ball 1969 Former Secretary of the Navy [25]
Charles W. Brady 1957 Co-Founder, INVESCO (currently AMVESCAP) [27]
Alan J. Lacy 1975 Former CEO, Sears Roebuck and Company [28]
Dennis M. Patterson 1971 Premier of Northwest Territories, Canada 1987-1991, Corporate Executive Vice President, SunTrust Banks [25]
Robert Milton 1982 President and CEO, Air Canada [25]
Greg Owens 1982 CEO of Iron Planet, Former chairman and CEO of Manugistics, Private-equity fund manager for Daniel Snyder, Red Zone Capital Partners II [29]
David Garrett 1955 Retired Chairman and CEO, Delta Air Lines [30]
Joseph W. Rogers Jr. 1968 Chairman Waffle House [25]
Orson George Swindle III 1959 Federal Trade Commissioner, 1997-2005 [31]
Derek V. Smith 1979 President and CEO, ChoicePoint [25]
J. Leland Strange 1965 Chairman, President and CEO, Intelligent Systems Corporation; CEO CoreCard Software [25]
Mike Neal 1975 President and CEO, GE Commercial Finance [25]
James R. Lientz 1965 Chief Operating Officer State of Georgia [25]
Marcus C. Bennett 1959 Former Executive Vice President & CFO, Lockheed Martin Corporation [25]
Jack Guynn 1970 Former President and CEO, Federal Reserve Bank of Atlanta [30]
Gary M. Clark 1957 Retired President, Westinghouse Electric Corporation [25]
Thomas Fanning 1980 Chairman, President and CEO, The Southern Company [30]
David W. Dorman 1975 Former Chairman and CEO, AT&T Corp [32]
Joel H. Cowan 1958 Owner, Habersham & Cowan Inc. [32]
Alvin M. Ferst Jr. 1943 President, Real-estate Development and Management-Consulting Company Alvin Ferst Associates Inc. [32]
W. Mansfield Jennings Jr. 1956 Chairman, ComSouth Corporation [32]
Joseph W. Evans 1971 Chairman and CEO, Flag Financial Corporation [32]
Toney E. Means 1982 CEO, Rx Fulfillment Services Inc. [32]
Jere W. Goldsmith, IV 1956 First Vice President Investments, Merrill Lynch [25]
J. Michael Robison 1997 Chairman and CEO, Lanier Parking Holdings [32]
Neil K. Braverman 1960 Entrepreneur, Co-founder Safeskin Corp. [32]

See also

References

  1. ↑ "Dean's Message". Georgia Tech College of Business. Retrieved 2007-03-24.
  2. 1 2 "Facts and Figures: Enrollment by College". Office of Institutional Research & Planning. Retrieved 2007-03-24.
  3. 1 2 "About Us – Overview & History". Georgia Tech College of Business. Retrieved 2007-03-24.
  4. ↑ "Underground Degrees". Tech Topics (Georgia Tech Alumni Association). Fall 1997. Archived from the original on October 14, 2007. Retrieved 2007-03-15.
  5. ↑ "History of Georgia State University". Georgia State University Library. 2003-10-06. Retrieved 2007-03-15.
  6. ↑ Joshi, Nikhil (2006-03-10). "Geibelhaus lectures on controversial president". The Technique. Archived from the original on 2006-11-12. Retrieved 2007-01-29. There was controversy in every step. Management fought this, because they were the big losers... Crecine was under fire.
  7. ↑ Ivan Allen College History
  8. ↑ Hagearty, Michael (2004-03-15). "College of Management removes DuPree’s name". The Whistle (Georgia Institute of Technology). Retrieved 2007-11-05.
  9. ↑ "Tech Notes". Georgia Tech Alumni Magazine Online (Georgia Tech Alumni Association). 2004. Retrieved 2007-11-05.
  10. ↑ "Transformational gift positions College for global prominence" (Press release). Georgia Institute of Technology. June 11, 2012. Retrieved June 11, 2012.
  11. ↑ "Technology Square: The Intersection Of Innovation". Georgia Institute of Technology. Retrieved 2007-03-25.
  12. ↑ "College's New High-tech Trading Floor to Prepare Students for Financial Careers". Georgia Tech College of Business. Archived from the original on 2007-03-22. Retrieved 2007-03-24.
  13. 1 2 College of Business Programs
  14. ↑ "Correction to Best Undergraduate Business, Engineering Rankings". Retrieved 2015-09-23.
  15. ↑ "Georgia Tech Near Top for Return on Investment in BusinessWeek's Undergrad Rankings". Georgia Tech College of Business. Archived from the original on 2007-03-21. Retrieved 2007-03-24.
  16. ↑ "Billion Dollar Brands". GTAlumni.org. Retrieved 2007-03-24.
  17. ↑ "America's Best Graduate Schools 2008". US News & World Report. Retrieved 2007-03-31.
  18. ↑ "MBA Rankings: Top Schools for Information Technology". BloombergBusinessWeek. Retrieved 2013-10-13.
  19. ↑ "The top techno-MBA programs". Computerworld. Retrieved 2007-03-25.
  20. ↑ "Georgia Tech MBA Students Win National Finance Case Competition". Georgia Institute of Technology College of Business. Archived from the original on 2007-02-23. Retrieved 2007-03-25.
  21. ↑ Wolverton, Mimi; Lary Edward Penley (2004-11-30). Elite MBA Programs at Public Universities: How a Dozen Innovative Schools Are Redefining Business Education. Praeger Publishers. ISBN 0-275-97811-7.
  22. ↑ "MBA Program". Georgia Tech College of Business. Retrieved 2007-03-24.
  23. ↑ "Class of 2008 Website". Georgia Tech College of Business. Retrieved 2007-03-24.
  24. ↑ "Board of Directors: Stephen P. Zelnak, Jr". Martin Marietta Materials. Retrieved 2007-05-17.
  25. 1 2 3 4 5 6 7 8 9 10 11 12 13 "College of Business MBA Program 2005" (PDF). Georgia Tech College of Business. Archived from the original (PDF) on 2006-12-09. Retrieved 2007-03-24.
  26. ↑ "Stewart Cink Official Profile - PGATOUR.com". PGATOUR.com. Retrieved 2012-06-14.
  27. ↑ "About AMVESCAP". AMVESCAP. Retrieved 2007-03-24.
  28. ↑ "Alan J. Lacy Biography". enotes.com. Retrieved 2007-05-17.
  29. ↑ "Snyder Taps Management Stars for His Private Fund". Washington Post. Retrieved 2007-03-24.
  30. 1 2 3 Alsop, Ronald J; The Staff of the Wall Street Journal (2003-09-30). The Wall Street Journal Guide to the Top Business Schools 2004. Free Press. ISBN 0-7432-3882-6. Cite uses deprecated parameter |coauthors= (help)
  31. ↑ "NNDB". Retrieved 2007-03-24.
  32. 1 2 3 4 5 6 7 8 "College of Management Honors Exceptional Alumni". Georgia Tech College of Management. Retrieved 2007-03-24.

External links

Coordinates: 33°46′35″N 84°23′17″W / 33.776270°N 84.388050°W / 33.776270; -84.388050

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