Acton School of Business
|The Acton School of Business|
|Motto in English||Acton's mission is to prepare talented and dedicated students for extraordinary lives as principled entrepreneurs.|
|Location||Austin, Texas, United States|
|Campus||Urban, 2.5 acres (10,000 m2)|
The Acton School of Business is a MBA program in Entrepreneurship in Austin, Texas. Offering only a full-time program, the school is based on experiential learning. Students analyze over 300 business case studies and participate in simulations, such as building real assembly lines and selling products door to door.
The school is accredited by the Southern Association of Colleges and Schools (SACS) and the Association of Collegiate Business Schools and Programs (ACBSP) through Hardin-Simmons University.
Acton grew out of the curriculum developed by the Acton Foundation for Entrepreneurial Excellence (AFEE). Founded by Jeff Sandefer, an entrepreneur and teacher at the University of Texas, AFEE was created to publish entrepreneurship cases and notes and spread entrepreneurship curriculum to schools across the United States. While at UT, Sandefer was ranked one of the top ten entrepreneurship professors in the country by BusinessWeek. In 2002, Sandefer and fellow teachers, Phil Siegel, Vaughn Brock and Jack Long left the University of Texas over a dispute about the future of the program. After their final class attracted 130 students, they decided to use the curriculum to launch a free-standing business school and founded the Acton School of Business. Acton graduated its first class in 2004. The school derives its name from Lord Acton, a 19th-century scholar and originator of the famous quote "Power tends to corrupt, and absolute power corrupts absolutely."
Using the case method, exercises and business simulations, Acton offers a MBA in Entrepreneurship in under a year. Unlike traditional MBA programs, Acton offers only a core curriculum with no additional elective courses. The program's curriculum is divided into three sections, Integrative Courses, Tools Courses and Life of Meaning. Integrative Courses include: Notes on the Case Method, The Entrepreneurial Journey, Opportunity, Launch, Growth and Harvest Courses. Tools courses include: simulation games, Cash and Valuation, Customers, Operations, Raising Money and People Courses. http://www.actonmba.org/our-program/curriculum/
The school ranks #1 on Princeton Review's 2014 list of "Most Competitive Students." It also ranks #4 on the list of "Best Administered". The average undergraduate GPA of an admitted student is 3.3, the average age is 30 (median is 29), and the average GMAT score is 637. Most students have about four to six years of work experience prior to being admitted.
Acton's application includes personal essays, letters of recommendation, resume, video essay and class visit. Admissions interviews are scheduled by appointment only. International students who did not attend an English-speaking university submit an official TOEFL iBT score. The small size of the program allows the admissions committee to take a close look at each applicant. http://www.actonmba.org/admissions/application-faq/
The cost of tuition includes all fees and course materials. Not included in tuition costs are housing, utilities, food, personal insurance, or computers. While Acton students are not eligible for Federal Financial Aid, many students choose to secure student loans through private lending institutions. http://www.actonmba.org/admissions/tuition/
- "Acton FAQs". Acton School of Business. Retrieved 2008-09-03.
- "Acton School of Business prepares for classes". Austin American-Statesman. Archived from the original on 13 August 2008. Retrieved 2008-09-03.[dead link]
- "Acton Foundation History". The Acton Foundation for Entrepreneurial Excellence. Archived from the original on 2008-03-13. Retrieved 2008-09-03.
- Levenick, Christopher (Spring 2012). "Back to the Drawing Board". Philanthropy. Retrieved 5 June 2012.
- "Acton School of Business - Princeton Review Profile". www.princetonreview.com. Princeton Review. Retrieved 23 October 2014.