The McDonough School of Business (commonly abbreviated as MSB) is one of the four undergraduate and one of the five graduate schools of Georgetown University in Washington, D.C. It is named in honor of Georgetown alumnus Robert Emmett McDonough.
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History
The school was founded in 1957 as an outgrowth of the School of Foreign Service. On October 7, 1998, the School of Business was renamed the McDonough School of Business in honor of alumnus Robert Emmett McDonough (F'49) after he made a gift of $30 million to the school.
The Rafik B. Hariri Building
In 2009 the McDonough School of Business moved into the newly constructed Rafik B. Hariri Building, named after the late Rafik Hariri, former Prime Minister of Lebanon and father of Georgetown alumnus Saad Hariri, also a former Prime Minister of Lebanon. The $82.5-million privately funded building opened in the summer of 2009. The new building includes 15 classrooms, eight case-style rooms, five tiered lecture rooms, and two flat-floor rooms; 34 breakout rooms complete with data ports, flat-screen video monitors, and white boards; separate undergraduate and graduate commons areas and lockers for graduate students; 120 faculty offices; 11 interview rooms within the Career Management Office; 15 conference rooms throughout the building; and a 400-seat auditorium, among other features.
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Academics
Several academic themes distinguish the McDonough School of Business and give the school a special identity among managers and academicians, including international and intercultural dimensions of the marketplace, the importance of written and oral communication, and interpersonal effectiveness in organizations. As a Catholic and Jesuit university, Georgetown stresses ethics and social justice in its curriculum.
The Georgetown Institute for Consumer Research is one of several academic research centers at the McDonough School of Business.
The McDonough School of Business is accredited by the Association to Advance Collegiate Schools of Business.
Undergraduate school
Undergraduates work toward a Bachelor of Science in Business Administration (BSBA). The curriculum combines business and liberal arts courses to provide a strong foundation in critical thinking and reasoning. The primary academic emphasis during the first and second years is the liberal arts, notably economics, government, history, philosophy, English, calculus, and theology. Coursework usually shifts to mostly business courses in the junior and senior years, but this can vary depending on how a student constructs his or her schedule. Students must complete both 40 courses and 120 semester hours of liberal arts courses, business core courses, courses supporting a major or minor, and free electives.
The McDonough School of Business has core courses in the traditional disciplines of accounting, finance, marketing, management, and the decision sciences support these themes. Additionally these themes are supported by the school's strong support of minor concentrations among nearly 50 liberal arts disciplines. About one third of undergraduates choose to double major. Undergraduate concentrations include accounting, finance, international business, management, marketing, and operations and information management (OPIM). The McDonough School's undergraduate acceptance rate in the 2009-2010 cycle (for the class of 2014) was 22 percent, but this dropped to 15.7 percent for the 2014-2015 cycle (class of 2019), where the school accepted 530 applicants out of roughly 3,375 applicants. In the 2013-2014 admission cycle (for the class of 2018), the 25th and 75th percentiles of the admitted students' SAT scores were 650 and 750 for Critical Reading, and 690 and 770 for Mathematics, respectively.
Career placement
The largest employers of new McDonough School of Business alumni include Goldman Sachs, Morgan Stanley, Credit Suisse, JP Morgan, Barclays Capital, Pricewaterhouse Coopers, Deloitte, Bank of America, IBM, and Citigroup. Students also pursue professional degrees, such as Juris Doctor, immediately after graduating.
Student groups, activities, and employment
The Undergraduate Program Office and active students provide dozens of activities and groups. Some well-known activities include the Financial Management Association, Georgetown University Student Investment Fund, Georgetown University Accounting Society, Hilltop Consultants, Alpha Kappa Psi Professional Business Fraternity, Young Alumni Mentor Program, Stock Pitch Competition, and several other activities.
Students work for a variety of skill-based jobs on campus, such as in accounting or finance department of student groups and companies (such as The Corp, The Hoya, and the Georgetown University Alumni & Student Federal Credit Union), the University Investment Office, the MSB Tech Center, and University Information Services. Many students also have internships in Washington, DC area, usually about 8-12 hours per week, at private equity, investment, and accounting firms, as well as government agencies.
The school also offers six-week summer study-abroad programs tailored specifically for business students at the University of Oxford, Fudan University in Shanghai, and the ESADE Business School.
Graduate school
Graduate work offered by the school includes a day and evening Master of Business Administration (MBA) programs, two Global Executive MBA programs (one weekend format and one modular), and an Executive Master's in Leadership degree.
MBA Full-Time program
The Georgetown MBA Full-time Program is a general management program oriented toward those with liberal arts, science, or technical undergraduate degrees. Students who enroll in the 60-credit program typically are mid-level managers with an average of five years of work experience. During the course of the 21-month program, students are required to participate in four one-week residences, of which one is international. Joint degrees are offered combining the MBA with JD, MD, Masters in Public Policy, or Masters of Science in Foreign Service.
For the class of 2017, 33% of enrolled students are of international origin and 84% have international professional or academic experience. The fields most represented by applicants were finance, consulting, and technology, respectively. There were 2,034 applicants and 270 were enrolled. The mean GMAT score was 692 and the mean undergraduate GPA was 3.36.
MBA Evening Program
The MBA Evening Program (EP) is designed for the working professional. The 60-credit program is taught by the same faculty as the MBA Full-Time Program and covers the same academic content in three years. In its 2015 ranking, Bloomberg BusinessWeek ranked the MBA Evening Program #4 in the nation.
Executive Programs
Georgetown's McDonough School of Business offers Executive MBA programs that are characterized by small class sizes and cohort relationships. The Global Executive MBA program (previously the International Executive MBA program - IEMBA) provides experienced professionals with the tools needed to excel in today's global business environment by combining classroom teaching with international residencies. The every-alternate-weekend class structure means students can stay on the job, immediately putting their new knowledge to work. The Georgetown-ESADE Global Executive MBA for highly accomplished managers and executives is offered in partnership with the Edmund A. Walsh School of Foreign Service at Georgetown University and the ESADE Business School in Spain. The program consists of six 11-day modules in Washington, D.C., Barcelona, São Paulo, Buenos Aires, Bangalore, Moscow, and New York. The Executive Master's in Leadership degree is a distinctive, 13-month program that emphasizes leadership in organizations with a focus on identifying and developing the leadership capabilities of individuals. The master's program analyzes leadership as a set of skills on three different levels of analysis: individual, interpersonal, and institutional.
Alumni
Georgetown's McDonough School of Business claims more than 10,500 undergraduate alumni and approximately 5,000 MBA and several hundred Executive MBA alumni.
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