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Scheller College of Business

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Coordinates: 33°46′35″N 84°23′17″W / 33.776270°N 84.388050°W / 33.776270; -84.388050
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This is an old revision of this page, as edited by TPurvines (talk | contribs) at 21:17, 12 January 2021 (added 2021 ranking data to degrees section and updated current rankings). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Scheller College of Business
TypePublic
Established1912
DeanMaryam Alavi[1]
Undergraduates1,207[2] (fall 2019)
Postgraduates785[3] (fall 2019)
52[4] (fall 2019)
Location
Atlanta
,
Georgia
,
US
Websitescheller.gatech.edu

The Scheller College of Business at the Georgia Institute of Technology was established in 1912,[5] and is consistently ranked in the top 30 business programs in the nation.[6]

History

Main article: History of Georgia Tech

The Georgia Tech Scheller College of Business was established more than a century ago and has a distinguished history as part of a world-renowned technological research university. Georgia Tech's business school 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.[7] It would later become Georgia State University.[8]

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, previously named the School of Commerce, combined with the social sciences, humanities, and economics departments to form the Ivan Allen College of Management, Policy and International Affairs.[9] Nine years later, in 1998, the College of Management separated from the Ivan Allen College of Liberal Arts[10] to become its own college.

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. However, while DuPree donated over $5 million to the College, his name was removed from the College in 2004 when the additional $15 million was not forthcoming.[11] DuPree had recently resigned as board chairman and CEO of Avado Brands, the parent company of several chain restaurants that 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."[12] DuPree's donation of over $5 million to the College did fund nearly 200 scholarships although the remaining pledged donations were never provided.

On November 6, 2009, the College of Management received an anonymous gift of $25 million. The donor was later identified as Ernest Scheller, Jr., a Georgia Tech alumnus with a degree in Industrial Management (now known as a Bachelor of Science in Business Administration) and former chairman of Silberline Manufacturing, a Philadelphia-based pigment manufacturer. Scheller used $20 million of his donation as a one-to-one challenge grant designed to inspire charitable gifts and commitments from other donors. Fundraising for the challenge concluded on June 30, 2012. The remaining $5 million of Mr. Scheller's initial $25 million donation has been designated as discretionary funds to be dispersed by the deans.

In June 2012, the College announced a $50 million gift from Ernest Scheller Jr. This $50 million included the $25 million that had been given by him anonymously in 2009. It was the largest cash gift in Georgia Tech's history. As a result of Mr. Scheller's gift, the College of Management was renamed the Ernest Scheller Jr. College of Business and his donations have been used to double the College's endowment, enriching academic programs, growing the faculty, and strengthening the Ph.D. programs, among other uses.[13]

Facilities

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

In 2000, 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 purpose 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.[14]

On November 24, 2006 the Scheller College of Business dedicated the state of the art, 2,000-square-foot (190 m2) Ferris-Goldsmith Trading Floor. The trading floor includes fifty-four dual-display computers as well as electronic stock information on the walls and is used to train 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 create new financial service models.[15] The trading floor houses Tech's Quantitative and Computational Finance program.

In September 2018, Georgia Tech announced the beginning of the Tech Square Phase III initiative. The two-tower complex will add more than 400,000 gross square feet of space to Tech Square.

One of the two planned high-rises, Scheller Tower, will be a new resource for the Scheller College of Business that expands the College’s footprint within Tech Square, thanks to a generous philanthropic commitment made by Roberta and Ernest Scheller Jr. in support of the project.[16] The earliest the building will open is in 2022.[17]

Degrees

Undergraduate

The College of Business offers a BS in Business Administration.[18] U.S. News & World Report currently ranks the undergraduate program as number 19 out of the top 50 ranked programs.[19]

U.S. News and World Report ranks the College No. 3 in Undergraduate Business Analytics and Management of Information Systems Programs, and No. 4 in Undergraduate Quantitative Analysis Programs, No. 6 in Undergraduate Production and Operations Programs, and No. 8 in Undergraduate Supply Chain Management/Logistics Programs.[20]

MBA Program

Reputation & Rankings

The College of Business ranks No. 27 in U.S. News & World Report's 2021 Best Business Schools ranking of the nation's top full-time Master of Business Administration (MBA) programs. U.S. News & World Report currently ranks the MBA program No. 3 for Business Analytics, No. 7 for Information Systems, and No. 8 for Production/Operations Management.[21]

The Evening MBA program ranks No. 19 among part-time MBA programs in the country according to the publication's rankings.[22]

As part of the 2019-2020 Best Business Schools ranking, Bloomberg Businessweek ranks Scheller College No. 24 in the U.S.[23] Georgia Tech Scheller graduates rank No. 3 in the world for innovation and creativity and No. 4 in the world for entrepreneurship. In ranking colleges with the most diverse students, Scheller ranks No. 9 in the world. [24]

The Financial Times ranks the Scheller MBA program’s career services No. 4 in the U.S.[25] According to The Financial Times, Scheller’s MBA program has a graduate placement rate of 96 percent within the first three months after graduation. [26]

Scheller also ranks No. 3 in the U.S. and No. 9 in the world on the Corporate Knights Better World MBA Ranking list.[27]

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.[28]

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.[29]

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).[30]

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, which includes an opportunity for students to participate in an international practicum. Students can choose to focus in accounting, finance, IT management, international business, analytics, 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. "[31]

1st Semester 2nd Semester 3rd Semester 4th Semester
Financial Management 1.5 hrs. Strategic Management 3 hrs. Legal Environment & Business Ethics 3 hrs. International Management Elective
IT Management 1.5 hrs. Integrative Management Experience 1 hr. Elective Elective
Fin. & Managerial Accounting 3 hrs. Micro & Macroeconomics 1.5 hrs. Elective Elective
Leadership and Org. Behavior 1.5 hrs. Marketing Management 1.5 hrs. Elective Elective
Analytical Tools 1.5 hrs. Operations Management 1.5 hrs.
Business Communications 1 hrs. Elective
Career Development Audit

Postgraduate

Notable College of Business Alumni

Main article: List of Georgia Institute of Technology alumni
Name Class year Notability Reference(s)
Stephen P. Zelnak Jr. 1969 Chief Executive Officer and Chairman of the Board, Martin Marietta Materials [32]
John Salley 1988 Four Time NBA Champion ( Detroit Pistons 1989, 1990; Chicago Bulls 1996; Los Angeles Lakers 2000) [33]
Stewart Cink 1995 2009 British Open Champion [34]
James D. Robinson III 1957 Former CEO, American Express 1977-1993. [33]
William L. Ball 1969 Former Secretary of the Navy [33]
Charles W. Brady 1957 Co-Founder, INVESCO (currently AMVESCAP) [35]
Alan J. Lacy 1975 Former CEO, Sears Roebuck and Company [36]
Dennis M. Patterson 1971 Premier of Northwest Territories, Canada 1987-1991, Corporate Executive Vice President, SunTrust Banks [33]
Robert Milton 1982 President and CEO, Air Canada [33]
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 [37]
David Garrett 1955 Retired Chairman and CEO, Delta Air Lines [38]
Joseph W. Rogers Jr. 1968 Chairman Waffle House [33]
Orson George Swindle III 1959 Federal Trade Commissioner, 1997-2005 [39]
Derek V. Smith 1979 President and CEO, ChoicePoint [33]
J. Leland Strange 1965 Chairman, President and CEO, Intelligent Systems Corporation; CEO CoreCard Software [33]
Mike Neal 1975 President and CEO, GE Commercial Finance [33]
James R. Lientz 1965 Chief Operating Officer State of Georgia [33]
Marcus C. Bennett 1959 Former Executive Vice President & CFO, Lockheed Martin Corporation [33]
Jack Guynn 1970 Former President and CEO, Federal Reserve Bank of Atlanta [38]
Gary M. Clark 1957 Retired President, Westinghouse Electric Corporation [33]
Thomas Fanning 1980 Chairman, President and CEO, The Southern Company [38]
David W. Dorman 1975 Former Chairman and CEO, AT&T Corp [40]
Joel H. Cowan 1958 Owner, Habersham & Cowan Inc. [40]
Alvin M. Ferst Jr. 1943 President, Real-estate Development and Management-Consulting Company Alvin Ferst Associates Inc. [40]
W. Mansfield Jennings Jr. 1956 Chairman, ComSouth Corporation [40]
Joseph W. Evans 1971 Chairman and CEO, Flag Financial Corporation [40]
Toney E. Means 1982 CEO, Rx Fulfillment Services Inc. [40]
J. Michael Robison 1997 Chairman and CEO, Lanier Parking Holdings [40]
Neil K. Braverman 1960 Entrepreneur, Co-founder Safeskin Corp. [40]

See also

References

  1. ^ {http://www.news.gatech.edu/2019/08/14/alavi-reappointed-dean-scheller-college-business
  2. ^ https://irp.gatech.edu/mini-factbook
  3. ^ https://irp.gatech.edu/mini-factbook
  4. ^ https://irp.gatech.edu/mini-factbook
  5. ^ . Georgia Tech College of Business College of Business Official Admissions Information https://smartech.gatech.edu/bitstream/handle/1853/46667/2012%20Admissions%20Flyer.pdf?sequence=1=Scheller College of Business Official Admissions Information. Retrieved 2007-03-24. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  6. ^ https://www.gatech.edu/about/rankings
  7. ^ "Underground Degrees". Tech Topics. Georgia Tech Alumni Association. Fall 1997. Archived from the original on October 14, 2007. Retrieved 2007-03-15.
  8. ^ "History of Georgia State University". Georgia State University Library. 2003-10-06. Archived from the original on 2007-05-29. Retrieved 2007-03-15.
  9. ^ 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.
  10. ^ Ivan Allen College History Archived 2007-06-05 at the Wayback Machine
  11. ^ Hagearty, Michael (2004-03-15). "College of Management removes DuPree's name". The Whistle. Georgia Institute of Technology. Retrieved 2007-11-05.
  12. ^ "Tech Notes". Georgia Tech Alumni Magazine Online. Georgia Tech Alumni Association. 2004. Archived from the original on 2007-11-08. Retrieved 2007-11-05.
  13. ^ "Transformational gift positions College for global prominence" (Press release). Georgia Institute of Technology. June 11, 2012. Retrieved June 11, 2012.
  14. ^ "Technology Square: The Intersection Of Innovation". Georgia Institute of Technology. Archived from the original on 2007-04-18. Retrieved 2007-03-25.
  15. ^ "College's New High-tech Trading Floor to Prepare Students for Financial Careers". Georgia Tech College of Business. Retrieved 2007-03-24.[dead link‍]
  16. ^ www.bizjournals.com https://www.bizjournals.com/atlanta/news/2020/02/10/georgia-tech-alum-pledges-18m-newtech-square-tower.html. Retrieved 2020-11-24. {{cite web}}: Missing or empty |title= (help)
  17. ^ Keenan, Sean Richard (2018-09-17). "Rendering: Next Tech Square facet could bring a two-tower Georgia Tech complex". Curbed Atlanta. Retrieved 2020-11-24.
  18. ^ a b College of Business Programs
  19. ^ "Best Undergraduate Business Programs Rankings". Retrieved 2015-09-23.{{cite web}}: CS1 maint: url-status (link)
  20. ^ "Best Undergraduate Business Programs Rankings".{{cite web}}: CS1 maint: url-status (link)
  21. ^ "Georgia Institute of Technology (Scheller)". U.S. News & World Report.{{cite web}}: CS1 maint: url-status (link)
  22. ^ "2021 Best Part-time MBA Programs". U.S. News & World Report.{{cite web}}: CS1 maint: url-status (link)
  23. ^ "These Are the U.S.'s Best Business Schools". Bloomberg.com. Retrieved 2021-01-12.
  24. ^ "Lesser-Known B-Schools Catapult to Top in MBA Recruiter Survey". Bloomberg.com. 2020-03-17. Retrieved 2021-01-12.
  25. ^ "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 2021-01-12.
  26. ^ "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 2021-01-12.
  27. ^ "Business schools up the grade on sustainability". Corporate Knights. 2019-11-08. Retrieved 2021-01-12.
  28. ^ "Georgia Tech MBA Students Win National Finance Case Competition". Georgia Institute of Technology College of Business. Retrieved 2007-03-25.[dead link‍]
  29. ^ 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.
  30. ^ "MBA Program". Georgia Tech College of Business. Retrieved 2007-03-24.
  31. ^ "Class of 2008 Website". Georgia Tech College of Business. Retrieved 2007-03-24. [dead link‍]
  32. ^ "Board of Directors: Stephen P. Zelnak, Jr". Martin Marietta Materials. Archived from the original on 2007-06-09. Retrieved 2007-05-17.
  33. ^ a b c d e f g h i j k l "College of Business MBA Program 2005" (PDF). Georgia Tech College of Business. Retrieved 2007-03-24.[dead link‍]
  34. ^ "Stewart Cink Official Profile - PGATOUR.com". PGATOUR.com. Archived from the original on 2012-06-15. Retrieved 2012-06-14.
  35. ^ "About AMVESCAP". AMVESCAP. Archived from the original on 2007-03-31. Retrieved 2007-03-24.
  36. ^ "Alan J. Lacy Biography". enotes.com. Retrieved 2007-05-17.
  37. ^ "Snyder Taps Management Stars for His Private Fund". Washington Post. Archived from the original on 2012-10-26. Retrieved 2007-03-24.
  38. ^ a b c Alsop, Ronald J (2003-09-30). The Wall Street Journal Guide to the Top Business Schools 2004. Free Press. ISBN 0-7432-3882-6.
  39. ^ "NNDB". Retrieved 2007-03-24.
  40. ^ a b c d e f g h "College of Management Honors Exceptional Alumni". Georgia Tech College of Management. Archived from the original on 2006-09-01. Retrieved 2007-03-24.

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

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