Scheller College of Business

Last updated

Scheller College of Business
Georgia Tech School of Management.JPG
Type Public business school
Established1912
Parent institution
 Georgia Institute of Technology
Dean Anuj Mehrotra [1]
Location
Atlanta
,
Georgia
,
United States
Website scheller.gatech.edu

The Scheller College of Business is the business school at the Georgia Institute of Technology, a public research university in Atlanta, Georgia. It was established in 1912 [2] and is consistently ranked in the top 30 business programs in the nation. [3]

Contents

History

Georgia Tech's business school began in 1912 with the creation of the School of Commerce. In 1933, it was moved to the University of Georgia during the newly created Georgia Board of Regents' decision to consolidate Georgia's system of higher education. [4] It would later become Georgia State University. [5]

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. [6]

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. [7] Nine years later, in 1998, the College of Management separated from the Ivan Allen College of Liberal Arts [8] 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. [9] [10] 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." [11] 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 Tamaqua, Pennsylvania-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. [12] [13] 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 [14]

Facilities

The Scheller College of Business in Tech Square Atltechsquare1.jpg
The Scheller College of Business in Tech Square

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. [15]

On November 24, 2006, the Scheller College of Business dedicated the 2,000-square-foot (190 m2) Ferris-Goldsmith Trading Floor. The trading floor includes 54 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 use the facility to research improved human performance in trading environments as well as create new financial service models. [16] The trading floor houses the 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. [17] The earliest the building will open is in 2022. [18]

Academics

Undergraduate

The Scheller College of Business offers a BS in Business Administration. [19]

MBA programs

Business School
International Rankings
U.S. MBA Ranking
Bloomberg (2024) [20] 20

Rankings

The college is ranked #26th, and the part-time Master of Business Administration (MBA) is ranked #11 by US News and World Report. As part of the 2023-2024 Best Business Schools ranking, Bloomberg Businessweek ranked Scheller College No. 20. [21]

Curriculum and format

Georgia Tech Scheller College of Business offers three MBA programs: Full-time, Evening, and Executive.

Full-time MBA

Scheller's Full-time MBA is a two-year degree consisting of one year of required courses and another year of mostly elective courses. The Full-time MBA program offers classes Monday through Friday and enrollment takes place once per year in August.

Evening (part-time) MBA

The Evening MBA program offers classes Monday through Thursday evening. The program enrolls twice per year, in January and August.

Scheller's Evening (part-time) MBA offers the same core curriculum and concentrations as the Full-time MBA program but allows students to take courses at their own pace with an average completion rate of 24 to 36 months. [22]

Executive MBA

The Executive (weekend) MBA is a 17-month program with classes on Fridays and Saturdays for professionals with five or more years of professional work experience. Students can select one of two customizable tracks: Global Business or Management of Technology.

Postgraduate

The college offers a PhD in Management. It is limited to full-time students who will complete their entire doctoral program before leaving the campus. There are seven concentrations: Accounting, Finance, Information Technology Management, Marketing, Operations Management, Organizational Behavior, and Strategy and Innovation.

Centers and Initiatives

Business Analytics Center

The Business Analytics Center (BAC) brings together industry leaders, Georgia Tech faculty, and business analytics students to support programs offered by the College and Georgia Tech, including an MBA concentration in Business Analytics, a Certificate in Analytics, and one-year interdisciplinary Master of Science in Analytics. [23]

Cecil B. Day Program for Business Ethics

Named for Cecil B. Day, founder of Days Inns of America, the program supports the Institute of Leadership and Social Impact's (ILSI) Ideas to Serve program, the Net Impact program, an annual speaker series, and a grant for faculty who incorporate ethics into their curriculum. [24]  

Center for International Business and Research

The mission of the Center for International Business and Research's (CIBER) mission is to ensure the long-term international economic competitiveness of the United States through the support of research, business education initiatives, and corporate outreach activities with forums, conferences, and thought leadership. It is one of only 17 national resource centers of excellence in international business funded by the U.S. Department of Education.[ citation needed ]

Creative Destruction Lab

The Creative Destruction Lab (CDL) is an objectives-based program for massively scalable, seed-stage, science and technology-based ventures. It supports ventures in commerce, consumer health, engineering, finance, logistics, public health, transportation, and more. The program's mentors provide assistance to technical founders who learn from other entrepreneurs. The TI:GER (Technology Innovation: Generating Economic Results) program is the educational arm of CDL-Atlanta. [25]

Financial Analysis Lab

The Financial Analysis Lab conducts unbiased research on issues of financial reporting and analysis. Their focus is on issues of interest to a large segment of stock market participants. Depending on the issue, the lab may focus attention on individual companies, groups of companies, or segments of the market at large and produce a quarterly report of cash flow trends and their quarterly drivers. [26]

Institute for Leadership and Social Impact

The Institute for Leadership and Social Impact (ILSI) is an interdisciplinary center that promotes servant leadership and organizational practices through workshops, coursework, a major lecture series (the Impact Speaker Series), the Ideas to Serve student social innovation competition, the Servant Leadership Student Fellows program, and the Leadership for Social Good Study Abroad program. [27]

Program for Engineering Entrepreneurship

The Program for Engineering Entrepreneurship is a collaboration between the Scheller College of Business, the College of Engineering, and the Woodruff School of Mechanical Engineering . The program's focus includes a graduate-level curriculum leading to a Certificate in Engineering Entrepreneurship, and short courses on a variety of topics for faculty members, scientists, and engineers, academic conferences, and seminars. [28]

Ray C. Anderson Center for Sustainable Business

The Ray C. Anderson Center for Sustainable Business (ACSB), named in honor of Georgia Tech alumnus Ray C. Anderson, focuses on conducting research, educating students, and partnering with industry practitioners to support the development of sustainable business practices. The center works with faculty research initiatives, offers grants to students interested in business sustainability, and partners with other universities for the Global Social Venture Competition. It also helps supports the Idea to Serve and Carbon Reduction Challenge Competitions. [29]

Steven A. Denning Management & Technology Program

The Steven A. Denning Technology & Management (T&M) Program is open to all Georgia Tech undergraduate students. Business and Engineering students who complete the program earn a minor in Engineering & Business. Computer Science and IT Management students earn a minor in Computing & Business. Students from all other colleges earn a minor in Technology & Business. [30]

TI:GER® (Technology Innovation: Generating Economic Results)

The TI:GER® (Technology Innovation: Generating Economic Results) program is a 16-month transdisciplinary program that prepares students for careers in technology innovation. MBA students work with PhD students from Georgia Tech's College of Engineering, College of Computing, and College of Sciences on a project in innovative technology with a possibility for commercialization. [31]

Notable College of Business Alumni

NameClass yearNotabilityReference(s)
William L. Ball 1969Former Secretary of the Navy [32]
Stewart Cink 19952009 British Open Champion [33]
David W. Dorman 1975Former Chairman and CEO, AT&T Corp [34]
David Garrett 1955Retired Chairman and CEO, Delta Air Lines [35]
Jack Guynn 1970Former President and CEO, Federal Reserve Bank of Atlanta [35]
Alan J. Lacy 1975Former CEO, Sears Roebuck and Company [36]
Robert Milton 1982President and CEO, Air Canada [32]
Mike Neal 1975President and CEO, GE Commercial Finance [32]
James D. Robinson III 1957Former CEO, American Express 1977-1993. [32]
John Salley 1988Four Time NBA Champion ( Detroit Pistons 1989, 1990; Chicago Bulls 1996; Los Angeles Lakers 2000) [32]
Derek V. Smith 1979President and CEO, ChoicePoint [32]

See also

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References

  1. ↑ "Anuj Mehrotra named Dean of Scheller College of Business".
  2. ↑ "College of Business Official Admissions Information". Georgia Tech College of Business. p. 1. Archived from the original (PDF) on June 15, 2023. Retrieved June 15, 2023. …since it was founded at Georgia Tech as the School of Commerce in 1912.
  3. ↑ "Rankings - Georgia Tech".
  4. ↑ "Underground Degrees". Tech Topics. Georgia Tech Alumni Association. Fall 1997. Archived from the original on October 14, 2007. Retrieved March 15, 2007.
  5. ↑ "History of Georgia State University". Georgia State University Library. October 6, 2003. Archived from the original on May 29, 2007. Retrieved March 15, 2007.
  6. ↑ Blum, Terry C. and Nathan Bennett. College of Management at Georgia Tech: A College Positioned for a Compelling Opportunity, in Elite MBA Programs at Public Universities: How a Dozen Innovative Schools are Redefining Business Education (Praeger Publishers 2004)
  7. ↑ Joshi, Nikhil (March 10, 2006). "Geibelhaus lectures on controversial president". The Technique . Archived from the original on November 12, 2006. Retrieved January 29, 2007. There was controversy in every step. Management fought this, because they were the big losers... Crecine was under fire.
  8. ↑ Ivan Allen College History Archived 2007-06-05 at the Wayback Machine
  9. ↑ (5 March 2004). Georgia Tech removes DuPree's name from business school, Atlanta Business Chronicle
  10. ↑ Hagearty, Michael (March 15, 2004). "College of Management removes DuPree's name". The Whistle. Georgia Institute of Technology. Retrieved November 5, 2007.
  11. ↑ "Tech Notes". Georgia Tech Alumni Magazine Online. Georgia Tech Alumni Association. 2004. Archived from the original on November 8, 2007. Retrieved November 5, 2007.
  12. ↑ Diamond, Laura (11 June 2012). Georgie Tech Receives transformational donation, Atlanta Journal-Constitution
  13. ↑ (12 June 2012). Officials say funds will transform the business college, Atlanta Journal-Constitution , p. B1 (paywall)
  14. ↑ "Transformational gift positions College for global prominence" (Press release). Georgia Institute of Technology. June 11, 2012. Retrieved June 11, 2012.
  15. ↑ "Technology Square: The Intersection Of Innovation". Georgia Institute of Technology. Archived from the original on April 18, 2007. Retrieved March 25, 2007.
  16. ↑ "College's New High-tech Trading Floor to Prepare Students for Financial Careers". Georgia Tech College of Business. Retrieved March 24, 2007.[ dead link ]
  17. ↑ "Georgia Tech alum pledges $18M, new Technology Square tower to be named for him". www.bizjournals.com. Retrieved November 24, 2020.
  18. ↑ Keenan, Sean Richard (September 17, 2018). "Rendering: Next Tech Square facet could bring a two-tower Georgia Tech complex". Curbed Atlanta. Retrieved November 24, 2020.
  19. ↑ College of Business Programs
  20. ↑ "Best B-Schools". Bloomberg Businessweek.
  21. ↑ "Georgia Tech (Scheller)". www.bloomberg.com. Retrieved June 5, 2024.
  22. ↑ "Evening MBA Curriculum Overview: Part-time MBA Courses". Georgia Tech Scheller College of Business. Retrieved March 10, 2021.
  23. ↑ "Business Analytics Center at Scheller |". Georgia Tech Scheller College of Business. Retrieved March 19, 2021.
  24. ↑ "Q&A with Steve Salbu, professor of law and ethics at Georgia Tech's Scheller College of Business". Atlanta Business Chronicle. Retrieved March 19, 2021.
  25. ↑ "Atlanta". Creative Destruction Lab. Retrieved March 19, 2021.
  26. ↑ "Financial Analysis Lab at Scheller College of Business". Georgia Tech Scheller College of Business. Retrieved March 19, 2021.
  27. ↑ "Scheller Institute For Leadership And Social Impact Hosts Conversation On Criminal Justice Reform, Racial Disparities, And Bipartisanship". Midtown, GA Patch. October 13, 2020. Retrieved March 19, 2021.
  28. ↑ "Program for Engineering Entrepreneurship | Academics". Georgia Tech Scheller College of Business. Retrieved March 19, 2021.
  29. ↑ "Ray C. Anderson Center for Sustainable Business Celebrates Fifth Anniversary". www.csrwire.com. Retrieved March 19, 2021.
  30. ↑ Mcaulliffe, Alex (March 4, 2016). "New Technology & Business minor launched". Technique. Retrieved March 19, 2021.
  31. ↑ "Creating Tech Solutions To Fight COVID: The Real-World Impact Of Scheller College's Tiger Global Technology Innovation Practicum". Midtown, GA Patch. August 7, 2020. Retrieved March 19, 2021.
  32. 1 2 3 4 5 6 "College of Business MBA Program 2005" (PDF). Georgia Tech College of Business. Retrieved March 24, 2007.[ dead link ]
  33. ↑ "Stewart Cink Official Profile - PGATOUR.com". PGATOUR.com. Archived from the original on June 15, 2012. Retrieved June 14, 2012.
  34. ↑ "College of Management Honors Exceptional Alumni". Georgia Tech College of Management. Archived from the original on September 1, 2006. Retrieved March 24, 2007.
  35. 1 2 Alsop, Ronald J (September 30, 2003). The Wall Street Journal Guide to the Top Business Schools 2004 . Free Press. ISBN   0-7432-3882-6.
  36. ↑ "Alan J. Lacy Biography". enotes.com. Retrieved May 17, 2007.

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