Terry College of Business

Terry College of Business
Established	1912
Type	Public
Dean	Robert T. Sumichrast
Academic staff	119 (full-time) 33 (part-time)
Students	3,361
Undergraduates	2,620
Postgraduates	741
Doctoral students	75
Location	Athens, Georgia, US
Website	terry.uga.edu

The C. Herman and Mary Virginia Terry College of Business is the business school at the University of Georgia in Athens, Georgia. The Terry College is the flagship business school in the state of Georgia and one of 16 schools and colleges at the oldest state-chartered public university in the country.

Consistently ranked among the nation's top business schools, the Terry College is home to several top 10 programs, including risk management and insurance, real estate, management information systems, and accounting, according to U.S. News & World Report and Public Accounting Report. All programs are accredited by AACSB International – the Association to Advance Collegiate Schools of Business.

The University of Georgia was the first Southern university – and one of the first in the United States – to establish a school of business. Today, the Terry College is dedicated to delivering top-quality instruction and supporting its faculty in the production of impactful research and public service initiatives that serve the needs of the business community of Georgia and beyond.

The Terry College MBA Program is often recognized as a top graduate business program. The Terry MBA is offered as a full-time degree on campus in Athens, as a weeknight MBA for fast-track professionals in Gwinnett County and in the Buckhead district of Atlanta, and as an Executive MBA in Buckhead.

History

"Next to farming, more men enter business than any other occupation; yet there is not an institution [in the] South...that offers a course for such students."

- Joseph Stewart on the need of business education at the University of Georgia in his Annual Report to Chancellor Walter B. Hill (1904)

The Terry College was founded as "the School of Commerce" in 1912 by the state’s Board of Regents, making it the oldest business school in the South. The early years of the school were "fragile" as the program struggled to acquire faculty and funding to serve the several students who had declared their intention to pursue the new Bachelor of Science in Commerce degree. The first such degree was awarded in 1915 to Willis Brazeal Sparks. The school became known as the College of Business Administration from 1940 until 1991, when it was renamed the C. Herman and Mary Virginia Terry College of Business, honoring the late Herman Terry, and his wife, Mary Virginia, who as benefactors have endowed faculty chairs, research fellowships, scholarships, and funded facility upgrades.

Dean Robert T. Sumichrast

Years	Dean
1920–1945	Robert Preston Brooks
1945–1947	Alvin B. Biscoe
1947–1948	Robert T. Segrest (Interim)
1948–1962	James E. Gates
1962–1968	J. Whitney Bunting
1968	Robert T. Segrest (Interim)
1968–1982	W.C. Flewellen Jr.
1982–1996	Albert W. Niemi Jr.
1996–1998	James Don Edwards (Interim)
1998–2007	P. George Benson
2007	Robert E. Hoyt (Interim)
2007–present	Robert T. Sumichrast

Degrees offered

Terry College offers an undergraduate program, four master's degrees, including three MBA offerings, and eight doctoral degree tracks.

Undergraduate Programs

• Bachelor of Arts (AB) in Economics
• Bachelor of Business Administration (BBA)

Graduate Programs

• Master of Accountancy (MAcc)
• Master of Business Administration (MBA)
  • Full-Time MBA
  • Fast Track Professional MBA
  • Executive MBA
• Master of Internet Technology (MIT)
• Master of Marketing Research (MMR)
• Doctor of Philosophy (PhD)

Departments

• J. M. Tull School of Accounting
• Banking and Finance
• Economics
• Management
• Management Information Systems
• Marketing
• Real Estate
• Risk Management & Insurance

Centers & Institutes

• The Center for Strategic Risk Management
• The Institute for Leadership Advancement (ILA)
• Non-Profit Management and Community Service Program
• The Ramsey Center for Private Enterprise
• The James C. Bonbright Utilities Center
• The Coca-Cola Center for Marketing Studies
• The Simon S. Selig, Jr. Center for Economic Growth

Terry MBA Programs

http://mba.terry.uga.edu

Terry MBA's on an International Business program trip to China, spring 2010

Full-Time MBA

The Terry Full-Time MBA Program is currently only offered at the Athens campus. The full-time program is offered to any student regardless of previous bachelor's degree majors. Terry's Full-Time MBA Program is four semesters long, fall and spring semesters only. Students take core curriculum classes in their first year of the MBA Program, including leadership, ethics, accounting, economics, business law, MIS, finance, etc. Students are also allowed to take one elective course in the second semester of their first year. The second year is focused entirely upon elective courses to round out the business experience and fundamental business curriculum. MBA students are encouraged to complete an Internship in their Summer semester between their first and second year.

Admissions for the Incoming Class for 2008 are as follows:

• GPA - 3.41/4.0 avg
• GMAT - 667 avg
• TOEFL (International Only) - 109 avg
• WORK EXPERIENCE - 4.8 years avg

(Terry requires at least 2 years of work experience prior to applying to the Full-Time MBA Program)

The MBA Career Management Center provides students with the tools they need to be successful as they launch their post-MBA careers. Terry takes a unique one-on-one approach to an MBA student's internship search and job search: We apply the same model we use to develop leadership skills to teach the career management skills that every business professional will need for lifelong career success. The MBA Career Management Center offers assistance with internships, job placement, career coaching and networking events.

Certificate Programs

Institute for Leadership Advancement

Viacom's Jimmy Barge meets with students following his Terry Leadership Speaker Series presentation, January 2010

The Institute for Leadership Advancement (ILA) in the Terry College of Business was established in 2001 to develop a new class of business and community leaders. Its founders realized that in order to be effective, leaders are needed at every level of the organization who can use multiple intelligences to make decisions, lead innovation and promote teamwork. ILA provides students with self-assessments, coaching/mentoring, action learning and feedback focused on the development of greater emotional competence. Two undergraduate leadership programs form the centerpiece of ILA programming: The Certificate in Personal and Organizational Leadership (for students in any UGA major) and the Leonard Leadership Scholars Program (for Terry College majors).

ILA hosts the Terry Leadership Speaker Series, which brings well-known leaders from a variety of organizations to the Terry College of Business. In these student-oriented forums, leaders are asked to discuss their leadership styles and experiences.

Music Business

The Music Business Certificate Program was launched in January 2006 as a response to the growing music and entertainment industry in the state of Georgia. In starting the program, co-director Bruce Burch often said Atlanta is now recognized as the "fourth music center" in the country behind New York, Los Angeles, and Nashville, and is growing rapidly as a hotbed for music and film production. About 100 students were enrolled in the certificate program in 2009-10, and another 75 students took the new Introduction to Music Business course in Fall 2009.

Students can earn an interdisciplinary certificate in music business by receiving a hands-on education about subjects like music and business fundamentals, copyright issues, creative content, artist management and production and technology. Music and entertainment industry executives are brought in from across the country to speak to classes, providing not only "real world" perspective, but also networking opportunities.

In August 2010, David Barbe was named the interim director of the music business program and was appointed director on a permanent basis in March 2011.

Entrepreneurship

Terry Entrepreneurship is directed by Chris Hanks and focuses on the four key tasks of entrepreneurship: opportunity identification, resource acquisition and deployment, goal setting and strategy formulation, and implementation. This highly active concentration hosts a multitude of seminars and events on and off the UGA campus, including "UGA's Next Top Entrepreneur Competition" and "UGA Startups."

UGA's Next Top Entrepreneur was dubbed the "American Idol" of business plan competitions by Hanks. Both a competition and a seminar series lasting the full academic year, UGA's Next Top Entrepreneur is open to all UGA students. Competitors participate in a series of interactive seminars and individual coaching sessions focused on starting a business. The first year of competition (2008–09) resulted in eight businesses being launched, $212,000 of actual revenue, and a round of angel funding.

The UGA Startups series was designed for entrepreneurs to have access to some of the most seasoned entrepreneurs in the Southeast. Topics include innovation, funding, opportunity analysis, business communications, purchasing businesses, franchising, and much more. UGA Startups events are held at the Terry Executive Education Center.

Executive Programs

The Terry Executive Education Center offers business professionals value-added education with certification and development programs in areas such as Financial Planning Certification, Human Resources Leadership, Project Management, and Business Analysis.

Rankings

Current Rankings

School rankings (overall)
U.S. undergraduate business
Bloomberg BusinessWeek	57
U.S. News & World Report	28
U.S. MBA
Bloomberg BusinessWeek	36
Forbes	42
U.S. News & World Report	57
Worldwide MBA
Economist	40 (US only)
Financial Times	50 (US only)

Undergraduate Programs

Risk Management and Insurance: No. 2 by U.S. News & World Report

Real Estate: No. 4 by U.S. News & World Report

Management Information Systems (MIS): No. 12 by U.S. News & World Report

Accounting: No. 10 by Public Accounting Report and No. 16 by U.S. News & World Report

Graduate Programs

Management Information Systems (MIS): No. 14 by U.S. News & World Report

Accounting: No. 11 by Public Accounting Report

Campuses

Athens

The Terry College of Business is located on the historic North Campus of the University of Georgia and comprises three buildings: Brooks Hall, Sanford Hall, and Caldwell Hall.

Brooks Hall on the North Campus of the University of Georgia, Athens, GA

Brooks Hall, designed by prominent Atlanta architect Neel Reid, was built in 1928. It was known as the Commerce-Journalism Building before being renamed in 1974 for Robert Preston Brooks, the college’s first dean. Brooks Hall houses the dean’s office, a 300-seat auditorium and about 260 faculty and staff offices. The original structure was seriously damaged by fire in 1995 and restored a year later.

Funded through private gifts and dedicated in 1997, Sanford Hall has a student lounge and 13 seminar rooms and classrooms with seating capacity ranging from 10 to 330. It also houses the Institute for Leadership Advancement. The building accommodates wireless computer access, and every desktop in Sanford Hall — 900 seats in all — is equipped with a network connection for laptops.

Caldwell Hall was built in 1981. The classroom technology in the seven-story building has been upgraded to match Sanford Hall.

Atlanta

The Terry College of Business has three satellite campuses located in Gwinnett, Griffin, and Atlanta, Georgia.

Terry Executive Education Center in Buckhead, Atlanta, Georgia

The Terry College’s “home away from home” in Atlanta is the Terry Executive Education Center located in Buckhead neighborhood.

The Executive and Fast Track Professional MBA programs are offered at the center in addition to non-degree programs such as the executive program for Financial Planning Certification. The center also acts as a focal point and meeting place for Terry students, alumni, faculty and staff to interact with Atlanta’s business community. Designed and constructed with an eye toward maximizing each student’s educational experience, the center features tiered executive classrooms, conference rooms, break-out meeting spaces and interview suites. Also included is office space for faculty and staff, as well as the college’s Executives-in-Residence.

The University of Georgia’s degree programs in Gwinnett, including the Terry Evening MBA and Master of Internet Technology, are housed in Buildings A, B and C of Georgia Gwinnett College, just off Highway 316 at Collins Hill Road in Lawrenceville.

UGA’s Griffin campus, located 40 miles (64 km) south of Atlanta, was established as the Georgia Experiment Station in 1888 and is the site of Terry’s newest Bachelor of Business Administration program.

Prominent Alumni

• Dan Amos, BBA 1973 – chairman and CEO of Aflac.
• James W. Barge, BBA 1978 – chief financial officer of Viacom Inc.
• James H. Blanchard, BBA 1963, LLB 1965 – retired chairman and CEO of Synovus.
• Gary C. Butler, MBA 1970 – president and CEO of Automatic Data Processing.
• Bryan Calhoun, BBA 1992 – vice president of new media and external affairs at SoundExchange.
• Saxby Chambliss, BBA 1966 – U.S. Senator from Georgia since 2003.
• A.D. "Pete" Correll, BBA 1963 – chairman of Atlanta Equity Investors LLC and chairman emeritus of Georgia Pacific Corp.
• Tom Cousins, BBA 1952 – Atlanta real estate developer, former pro sports franchise owner, and philanthropist.
• Phil Gramm, BBA 1964, PhD 1967 – U.S. Representative (1978–1985) and U.S. Senator (1985–2002) from Texas.
• David Greene, BBA 2004 – former American football quarterback in the National Football League.
• Frank Hanna III, BBA 1983, JD 1986 – entrepreneur and CEO of Hanna Capital, LLC.
• Mason Hawkins, MBA 1971 – chairman and CEO of Southeastern Asset Management Inc.
• Johnny Isakson, BBA 1966 – U.S. Senator from Georgia since 2005.
• Douglas Ivester, BBA 1969 – retired chairman and CEO of the Coca-Cola Company.
• Steve C. Jones, BBA 1978, JD 1987 – appointed in 2011 as a federal judge to the United States District Court for the Northern District of Georgia.
• Kevin B. Marsh, BBA 1977 – chairman and CEO of SCANA.
• Darryl D. McDonald, BBA – executive vice president of applications and business development and chief marketing officer of Teradata.
• Robert D. McTeer, BBA 1963, PhD 1971 – president of the Federal Reserve Bank of Dallas from 1991-2005.
• Bernard Ramsey (1915–1996), BSC 1937 – Merrill Lynch executive and the largest individual benefactor to UGA.
• Frank W. "Sonny" Seiler, BBA 1956, JD 1957 – Savannah attorney and owner of the line of white English bulldogs that have served as UGA's mascots since 1956.
• Kessel D. Stelling Jr., BBA 1978 – president and CEO of Synovus.
• Sheila Taormina, BBA 1992, MBA 1994 – four-time U.S. Olympian in swimming, triathlon and modern pentathlon.

See also

• List of United States business school rankings
• List of business schools in the United States
• Terry Entrepreneurship

External links

• Official Terry College of Business Website
• University of Georgia
• Terry College of Business MBA program