McDonough School of Business

The Robert Emmett McDonough School of Business, commonly shorted to the McDonough School of Business and abbreviated as the MSB, is the business school of Georgetown University in Washington, D.C. Founded in 1957, it grants both undergraduate and graduate degrees, and is one of the university's nine constituent schools. Since 1998, the school has been named in honor of Georgetown alumnus Robert Emmett McDonough.

McDonough School of Business
Seal of Georgetown University
Former name
School of Business Administration,
School of Business
TypePrivate
Established1957
Parent institution
Georgetown University
AffiliationRoman Catholic (Jesuit)
DeanPaul Almeida
Undergraduates1,354
Postgraduates979[1]
Location
Washington, D.C.
,
U.S.

38°54′32.8″N 77°4′31.9″W
Websitemsb.georgetown.edu

History

The school was founded in 1957 as an outgrowth of the School of Foreign Service,[2] and was originally named the Georgetown University School of Business Administration. In 1993, the name was changed to the Georgetown University School of Business.[3] On October 7, 1998, the School of Business was renamed the Robert Emmett McDonough School of Business in honor of alumnus Robert Emmett McDonough (a 1949 graduate of the School of Foreign Service)[4] in honor of his $30 million donation to the school.[5]

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.[6][7]

Academics
Business school rankings
Worldwide MBA
Business Insider[8]25
Economist[9]40
Financial Times[10]30
U.S. MBA
Bloomberg Businessweek[11]26
Forbes[12]41
U.S. News & World Report[13]22
U.S. undergraduate
Bloomberg Businessweek[14]17
U.S. News & World Report[15]15

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.[16]

Undergraduate school
The Rafik B. Hariri Building opened in 2009.

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, two separate majors related to 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.[17] 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.[18]

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.[19] 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 Georgetown University Student Investment Fund, Georgetown University Accounting Society, Innovo Consulting, 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 the Washington, DC area, usually about 8–12 hours per week, at private equity, investment management, and accounting firms, or other companies including startups. Given the school’s D.C. location, students also have the opportunity to intern with government agencies.

The school also offers six-week summer study-abroad programs tailored specifically for business students at the University of Oxford, Sophia University in Tokyo, and the ESADE Business School.[20]

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), a Master of Science in Finance (MSF) program, a Master of Science in Management and an Executive Master's in Leadership degree.[21]

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 2019, 34% of enrolled students are of international origin and 77% have lived, worked, or studied abroad. The fields most represented by applicants were finance, consulting, and technology, respectively. There were 1,742 applicants and 276 were enrolled.[22]

The MBA Full-time Program has often been ranked among the top 25 business programs by many leading publications, including BusinessWeek, USNews, Financial Times, and many others.

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.

Master of Science in Finance: Full-Time and Part-Time Program

The "Master of Science in Finance" graduate program is technology-intensive, with a duration of 21-months, requisites of 32-34 credits and is accredited by the Advanced Collegiate Schools of Business (AACSB). The program is intended to prepare the next global leaders of finance, via challenging quantitative academic coursework, a required graduation GPA of at least a 3.0, an on-campus residency, an optional 2- month summer consulting and/or investment clinic, as well as a mandatory global consulting project. One of the past locations for the global consulting project has been Johannesburg, South Africa. In the past, firms such as Barclays, Deloitte, Blink Consulting, Standard Chartered, Coca-Cola and the World Bank, have partnered with the program to offer consulting project opportunities to students.

Program coursework encompasses Corporate Finance, Financial Markets, Econometrics, Real Estate Private Equity, Big and Small Data, Fixed Income Investments, Advanced Valuation and Modeling, Financial Statement Analysis, as well as Options Pricing and Risk Management.[23]

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
Main article: List of Georgetown University 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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See also

References
  1. "Archived copy". Archived from the original on 2010-05-01. Retrieved 2010-05-06.CS1 maint: archived copy as title (link)
  2. "History of Georgetown". Georgetown University. Archived from the original on June 20, 2016. Retrieved November 17, 2018.
  3. "McDonough School of Business History". Georgetown University McDonough School of Business. Archived from the original on July 11, 2018. Retrieved November 17, 2018.
  4. Lyons, Emily (October 9, 1998). "GSB Takes New Name". The Hoya. Retrieved October 26, 2009.
  5. "Lasting Legacy Fuels Next Generation Business School". Georgetown University Advancement. Archived from the original on September 3, 2017. Retrieved November 17, 2018.
  6. "Our Campus". Georgetown University McDonough School of Business. Archived from the original on October 8, 2010. Retrieved September 28, 2010.
  7. Lawyer, Nathalie (March 2, 2010). "Rafik B. Hariri Building Wins Design Awards". The Hoya. Archived from the original on March 3, 2016. Retrieved June 8, 2014.
  8. "The 50 best business schools in the world 2015". Business Insider. Retrieved September 25, 2019.
  9. "Full time MBA ranking". The Economist. 2019. Retrieved January 27, 2020.
  10. "Global MBA Ranking 2020". Financial Times. Retrieved January 27, 2020.
  11. "Best B-Schools". Bloomberg Businessweek. November 8, 2018. Retrieved September 25, 2019.
  12. "The Best Business Schools". Forbes. 2019. Retrieved September 25, 2019.
  13. "2019 Best Business Schools Rankings". U.S. News & World Report. Retrieved September 25, 2019.
  14. "The Complete Ranking: Best Undergraduate Business Schools 2016". Bloomberg Businessweek. Retrieved September 25, 2019.
  15. "2019 Best Undergraduate Business Programs Rankings". U.S. News & World Report. Retrieved September 25, 2019.
  16. "DataDirect - General". datadirect.aacsb.edu.
  17. Shrinath, Kshithij (31 March 2015). "Admissions Rate Remains Steady at 16.4 Percent". The Hoya. Retrieved 16 April 2015.
  18. "Student Profile 2014-15". Georgetown University. Retrieved 16 April 2015.
  19. "Cawley Career Education Center". Cawley Career Education Center.
  20. "Archived copy". Archived from the original on 2010-07-28. Retrieved 2010-09-28.CS1 maint: archived copy as title (link)
  21. "Archived copy". Archived from the original on 2010-05-01. Retrieved 2010-05-06.CS1 maint: archived copy as title (link)
  22. "Class Profiles". msb.georgetown.edu.
  23. "Online MS in Finance Courses". Georgetown University. 18 August 2013.
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