The Jon M. Huntsman School of Business was first formed in 1888 as the college's Commercial Department. The first students graduated from the course in 1894.
In its first two decades, the program went through several organizational revisions, including various name changes. By 1911, the program (then named School of Commerce) was already recognized as a top business institution in the U.S. A 1911 newspaper, reporting about the economics department, said:
"When so eminent an authority as professor L. C. Marshall of the University of Chicago reports that the work in the department of economics of our school is comparable to that given in the best institutions in the country, we feel that we are paid one of the highest tributes ever. And this conclusion of professor Marshalls was not reached after any superficial investigation. Months were spent in collecting material from the various degree conferring institutions . . . In the number of hours instruction given, the number of students in the courses, and the general standard of the courses, we are surpassed by only a very few of the large universities."
Old Main, the original home of the School
In 1918, the school became known as the School of Commerce and Business Administration. At that time, the school then included five departments: markets, business administration, accounting, political science, and history. Other majors continued to be added over time.
In 1952, under the direction of professor C. D. McBride, the Management Institute came into existence. Utah's economy was rapidly shifting from agriculture to business, and Utah State University, as the land-grant institution in Utah, had an obligation to provide educational services to people in business and industry throughout Utah comparable to those being offered in agriculture and rural life through the Cooperative Extension Service. The Management Institute was in charge of providing the services of business educational services.
By 1957, the School of Commerce and Business Administration had become the College of Business and Social Sciences, with M. R. Merrill as dean. Of the four departments, three were strictly social science: history and political science, economics and sociology. In 1959, Robert P. Collier became acting dean. The college included the departments of business administration and secretarial science, history and political science, sociology and social work, and economics.
By 1966, business courses were taught in more than a dozen buildings all over campus. Accounting, which had enjoyed department status early in the college's history but had been under business administration for many years, became a separate department again. In addition to the accounting department, the College of Business included six other departments along with The Division of Military Science and aerospace studies.
The time had come for the college to have its own building. The Utah Building Board approved a $600,000 federal grant for a business building, and on Jan. 11, 1967, the schematic plans for the building were approved by the USU Board of Trustees. The groundbreaking ceremony was held on Dec. 10, 1968, with a projected cost of $1,591,700 for the structure. On May 8, 1970, the building was dedicated as the George S. Eccles Business Building.
The Eccles Building reaches nine stories high. It includes a three-story classroom base, and six additional stories of faculty offices, seminar rooms and other facilities.
In February 1983, the department of accounting became the school of accountancy. By 1986, the College of Business had a full-time enrollment of approximately 1,398 students in its undergraduate and graduate programs (Self-Study Report, 1986). Thirty-nine full-time faculty and 32 part-time faculty were employed in three departments: business administration, administrative systems and business education, and accounting. The department of economics remained under the joint administration of the colleges of business and agriculture.
The George S. Eccles Business Building is located on USU's main campus in Logan. In 2008, the building underwent a major renovation made possible by a grant of $1 million from the George S. and Dolores Doré Eccles Foundation, along with $10,000 from the Associated Students of USU, additional funds from USU and the Jon M. Huntsman School of Business itself.
In 2011, the Utah Legislature approved funding for a new business building to be located south of the Eccles Business Building. The new building was funded by $16 million in private funds and $14 million in state funds. The 100,000-square-foot (9,300 m2) building will include classrooms, faculty offices, a business library, and three new business centers.
The Huntsman School of Business offers graduate and undergraduate degrees the fields of management, accounting, economics and finance, and management information systems (MIS). The school of accountancy has picked up Top 5 rankings in CPA exam scores by its grad students, as well as its Institute of Management Accountants, which has received a "Gold Level Award of Excellence" for each of the past 14 years, essentially making it the top such institute in the nation. In addition, the student accounting club Alpha Beta Psi has won the Superior Chapter Award for 32 consecutive years — also the longest streak in the nation. Outside of accounting, the Huntsman School widely touts its travel programs, including the unique Huntsman Scholar Program.
Master of Accounting (MAcc) Top accounting undergraduate students are encouraged to continue on at the Huntsman School of Business to work toward earning the MAcc degree. Most students in this program aspire to become Certified Public Accountants. The MAcc program builds upon the undergraduate accounting curriculum to provide students with the enhanced ability to research, analyze, and communicate on various accounting and taxation issues. The MAcc program also seeks to instill professional attitudes and values. The MAcc meets the 150-Hour requirement to sit for the CPA examination in Utah and most other states. MAcc students' CPA Exam pass rates are often among the top ten in the nation being ranked #5 in 2007 and #8 in 2008. Approximately 93 percent of MAcc graduates had accepted offers for employment by the date of their graduation within the last three years. The average GMAT score of MAcc students during the 2010 through 2011 school year was 623.
Master of Business Administration (MBA) The AACSB accredited Huntsman MBA offers students either a one-year, full-time, on-campus Early Career Accelerated Program, or a two-year, part-time, Professional program held on weekends and evenings in Logan, Ogden, Salt Lake City or Thanksgiving Point. Additionally, the full-time, on-campus program offers two dual MBA programs in conjunction with the Master of Engineering and Master of Human Resources degrees. Students with non-business undergraduate degrees may take a set of Accelerated Business Core courses to meet the program's prerequisites prior to beginning the program.
Master of Science and Master of Arts in Economic Theory Students who work toward either the MS and MA degrees in Economic Theory typically have plans to eventually pursue a Ph.D. in Economics. As such, the curriculum is designed to prepare such students for their doctoral studies. Following graduation, recent graduates of the Master of Science and Master of Arts in Economic Theory program have continued to study at institutions including Brown University, Harvard, and George Mason University.
Master of Science in Financial Economics (MSFE) The MSFE degree is classified as a terminal, professional degree. Individuals who choose to work toward such a degree receive preparation in passing the level one CFA Exam as they advance their core knowledge of the global financial and economic environment. In addition to taking the level one CFA Exam, students of the MSFE program are required to complete a master's thesis as a part of the program. The average quantitative GRE score of students in this program is 730 out of 800.
Master of Science in Human Resources (MSHR) The MSHR program is offered to students at Utah State University through its full-time, Main Campus Program. Students also have the option of completing the degree through the Executive Program which is taught in Salt Lake City and broadcast throughout the state of Utah. During the MSHR program, students travel with faculty to a number of international sites where they meet with HR professionals and are exposed to global challenges HR professionals face.
Master of Science in Management Information Systems (MS MIS) Students of the MS MIS program are required to take core courses including database management, systems analysis, data communications, and systems development as they develop their knowledge of fundamental information systems' issues in the business world. The program is divided into two tracks: Management and Technology. Students who choose the management track typically have an undergraduate degree in MIS or a related field and are exposed to courses related to the management of information systems. Students who choose the technology track often have undergraduate degrees outside of MIS and are exposed to a curriculum designed to enhance their abilities in application theory and development.
Career Acceleration Center The Career Acceleration Center consists of experienced individuals, called Career Accelerators, who have been hired to share their knowledge with students. Huntsman students are invited to meet with any of the Career Accelerators who attempt to assist students in areas including career path coaching, networking, interview skills, and resume building. Career Acceleration Center services are offered free to Huntsman students. On February 6, 2012, Huntsman School attender Crystal Maggelet of FJ Management Inc. announced that FJ Management Inc. would donate $1.75 million to the Huntsman School, $1 million of which would go to the career center.
Consortium for Applied and Scholarly ResearchUtah State University is classified by the Carnegie Foundation for the Advancement of Teaching as a research university with "high research activity." The Consortium for Applied and Scholarly Research is a professional association whose intent is to provide students with activities believed to promote career advancement and success. Research is conducted by students, faculty, and sponsoring organizations with the intent to "advance the science and profession of business." Within the Consortium for Applied and Scholarly Research, programs are broken into applied research programs and scholarly research programs. The applied research programs include the Career Acceleration Center, the Entrepreneur Program, and the Survey Research group, all of which have the intent of easing students' transition from their formal education to their career. The scholarly research programs include the Research Group, the Society for the Advancement of Ethical Leadership, the Research Group Quarterly, and the Business Intelligence Group. the purpose of the scholarly research programs are to address issues related to the science of business.
Entrepreneur Program The Entrepreneur Program includes student groups, such as the Entrepreneur Club and the New Venture Consulting Group, as it engages members in workshops, mentoring, support for student entrepreneurs and community outreach. Housed in the center is the Small Enterprise Education and Development (SEED) program. To date, SEED funded approximately $85,000 in small business loans, all from student-raised money. In the summer of 2010, interns were sent to Ghana, Peru and Uganda.
Great Work Great Career Learning Group The Great Work Great Career Learning Group is a semester long program focused around the book Great Work Great Career by Huntsman School professor Stephen R. Covey and Jennifer Colosimo. Program participants must apply to be considered for admission. The purpose of the program is to prepare participants to develop the mindset, tool-set and skill-set required to find a job and succeed in a career.
Huntsman Internships A total of 50 percent of current Huntsman students have completed an internship. The Huntsman School believes that Huntsman interns are real-life examples of global engagement, ethical decision-making and entrepreneurial spirit. In internships, students engage in the opportunity to put into practice knowledge gained in the classroom and a chance to test their skills in the workplace. In 2009, Huntsman students completed 344 internships with 253 companies, across 16 states and 10 countries.
Huntsman Scholar Program The Huntsman Scholar Program is a multi-year honors program that aims to develop scholar-leaders who will make a positive difference in the world. Participating students come from each class year, with the juniors participating in an integrated Scholar Semester incorporating a travel experience to Europe. Scholars are also intensely involved on campus and in providing community service.
Koch Scholars Program The Koch Scholars program offers students from a variety of academic disciplines the unique opportunity to meet on a weekly basis to discuss an assortment of select books, movies and podcasts surrounding the principles of a free society. The program is based on the idea of the Select Society of 18th century Edinburgh: On pages 192 and 193 of How the Scots Invented the Modern World, the author, Arthur Herman, wrote about the social clubs of Edinburgh where people gathered to discuss ideas and issues. He says, "The most important of these clubs was the Select Society...[which] by 1760 included virtually every prominent man of letters and taste in the Edinburgh vicinity, as well as a host of physicians, architects, military officers, merchants, magistrates and above all lawyers." He further says the Select Society was "a place where all ideas were created equal, where brains rather than social rank took pride of place and where serious issues could be debated with the sort of freedom which is taken amongst Gentlemen and Friends, who know each other well." The Koch Scholars program is funded by a generous grant from the Charles G. Koch Charitable Foundation.
Partners in Business Partners in Business is a student-run, nonprofit organization sponsored by the Jon M. Huntsman School of Business at Utah State University. The program holds a series of professional business seminars featuring topics on operational excellence, accounting, leadership and many others. Partners brings experts representing all fields of business from across the United States to share their advice, expertise and experience with business professionals and students.
The Shingo Prize for Operational Excellence is awarded annually by the Huntsman School of Business to companies around the globe that "achieve world-class operational excellence status." It was established in 1988 and is named in honor of Shigeo Shingo. Dubbed the "Nobel Prize of Manufacturing" by Business Week, the Shingo Prize is recognized as the premier award for operational excellence in North America.
Small Enterprise Education and Development (SEED) The mission of the Huntsman School SEED program is "to provide Utah State University students with a hands-on, once-in-a-lifetime learning experience while simultaneously educating people in developing economies in new business creation and development skills." Huntsman students conduct fundraising events throughout the fall and spring semester to raise money for the SEED program which is later used in the form of micro-loans. Students and faculty travel to Peru and Uganda where they meet with entrepreneurs who are seeking funding and perform due diligence, teach business skills, and provide loans to help business owners develop their businesses.
Study Abroad The Huntsman School's Study Abroad program is focused around providing experiential support around the Huntsman School's pillar of global vision. During the 2010 through 2011 academic year, 259 Huntsman students participated in one of the official study abroad trips provided by the Study Abroad program. Students who participate in the faculty-led Study Abroad program typically visit with leaders of various businesses and organizations in settings where students can learn how to navigate the global business environment. Countries students visit on such trips include Armenia, Belgium, Brazil, Chile, China, England, France, Ghana, Italy, Japan, Korea, Peru, Russia, Switzerland, Turkey, Uganda, the United Arab Emirates, and Vietnam.
Undergraduate Research USU places enormous emphasis on undergraduate research opportunities, and students in the Huntsman School play a large role in that. The undergraduate research program at Utah State University and the Huntsman School is the second oldest in the nation, next to MIT's. From 2009 to 2010, 15 Huntsman students published works in business journals including the Journal of Education for Business, the Journal of Business and Economic Research and the Journal of Business Inquiry. Each year 10 to 15 engage in team-based scholarly research with a faculty mentor, and as many as 50 to 100 complete class-based research under the direction of a faculty member.
Undergraduate students receive an average starting salary of $45,373 per year after graduation from the school. Graduate students earn an average starting salary of $53,298 per year.
Seventy-five percent of Huntsman students work 10 or more hours a week while attending school. Many students own their own business and generate income from their businesses while in school. Nine percent of graduating Huntsman students report owning their own business currently or previously. Many Huntsman students participate in the Utah State University Honors Program to supplement their educational experience.
A club that is called The Society for the Advancement of Ethical Leadership (SAEL) often draws dozen of students to its meeting. There, the students discuss some of the philosophical and ethical issues raised in books they are asked to read before attending the meeting. Students also have the opportunity to participate in the Huntsman School's Ethics Leadership Day and in the Partners In Business' Ethical Leadership Seminar.
A recent poll found that 60 percent of Huntsman students speak a second language. Students at the school speak 47 languages, and 46 percent of students have lived in a foreign country for at least six months.
In 2010, Utah State University and the Huntsman School of Business announced that Stephen R. Covey would join its faculty as the school's first Jon M. Huntsman Presidential Chair. Covey is the author of Seven Habits of Highly Effective People and numerous other books. School officials say it has long been the aim of the Huntsman School of Business to teach basic principles such as ethical leadership and integrity.
With more than 24,000 graduates of the Huntsman School, Huntsman alumni can be found in all 50 states and in 44 countries. Prominent alumni in business include Deloitte Touche TohmatsuCEO, James H. Quigley, late football Hall of Famer and media personality Merlin Olsen, president of Nike brand, Charlie Denson, and Senior VP of Human Resources for Disney and ABC, Steve Milovich.
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Kent Alder '74, '80 - President and CEO, TTM Technologies