Scheller College of Business
|Location||Atlanta, Georgia, US|
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. It would later become Georgia State University.
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. In 1998, the School of Management was spun back into its own college, leaving the Ivan Allen College of Liberal Arts.
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. 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." 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[update], 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.
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.
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. The trading floor houses Tech's Quantitative and Computational Finance program.
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.
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."
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.
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.
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). 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.
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.
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).
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."
|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|
Notable College of Business Alumni
|Stephen P. Zelnak Jr.||1969||Chief Executive Officer and Chairman of the Board, Martin Marietta Materials|||
|John Salley||1988||Four Time NBA Champion ( Detroit Pistons 1989, 1990; Chicago Bulls 1996; Los Angeles Lakers 2000)|||
|Stewart Cink||1995||2009 British Open Champion|||
|James D. Robinson III||1957||Former CEO, American Express 1977-1993.|||
|William L. Ball||1969||Former Secretary of the Navy|||
|Charles W. Brady||1957||Co-Founder, INVESCO (currently AMVESCAP)|||
|Alan J. Lacy||1975||Former CEO, Sears Roebuck and Company|||
|Dennis M. Patterson||1971||Premier of Northwest Territories, Canada 1987-1991, Corporate Executive Vice President, SunTrust Banks|||
|Robert Milton||1982||President and CEO, Air Canada|||
|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|||
|David Garrett||1955||Retired Chairman and CEO, Delta Air Lines|||
|Joseph W. Rogers Jr.||1968||Chairman Waffle House|||
|Orson George Swindle III||1959||Federal Trade Commissioner, 1997-2005|||
|Derek V. Smith||1979||President and CEO, ChoicePoint|||
|J. Leland Strange||1965||Chairman, President and CEO, Intelligent Systems Corporation; CEO CoreCard Software|||
|Mike Neal||1975||President and CEO, GE Commercial Finance|||
|James R. Lientz||1965||Chief Operating Officer State of Georgia|||
|Marcus C. Bennett||1959||Former Executive Vice President & CFO, Lockheed Martin Corporation|||
|Jack Guynn||1970||Former President and CEO, Federal Reserve Bank of Atlanta|||
|Gary M. Clark||1957||Retired President, Westinghouse Electric Corporation|||
|Thomas Fanning||1980||Chairman, President and CEO, The Southern Company|||
|David W. Dorman||1975||Former Chairman and CEO, AT&T Corp|||
|Joel H. Cowan||1958||Owner, Habersham & Cowan Inc.|||
|Alvin M. Ferst Jr.||1943||President, Real-estate Development and Management-Consulting Company Alvin Ferst Associates Inc.|||
|W. Mansfield Jennings Jr.||1956||Chairman, ComSouth Corporation|||
|Joseph W. Evans||1971||Chairman and CEO, Flag Financial Corporation|||
|Toney E. Means||1982||CEO, Rx Fulfillment Services Inc.|||
|Jere W. Goldsmith, IV||1956||First Vice President Investments, Merrill Lynch|||
|J. Michael Robison||1997||Chairman and CEO, Lanier Parking Holdings|||
|Neil K. Braverman||1960||Entrepreneur, Co-founder Safeskin Corp.|||
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There was controversy in every step. Management fought this, because they were the big losers... Crecine was under fire.
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