UT Austin Opens New Business School Building, and More – Houston News
Let’s take a look some of the biggest business school news coming out of Houston business schools this week.
New Rowling Hall is Future of Business Education at UT Austin – McCombs Newsroom
The McCombs School of Business at the University of Texas at Austin recently celebrated the opening of its new 497,500-square-foot graduate business facility, Robert B. Rowling Hall. The new building will be home to the school’s MBA and M.S. in Technology Commercialization programs, the Jon Brumley Texas Venture Labs, the John C. Goff Labs, and the Center for Leadership and Ethics.
“Rowling Hall will enrich the individual journeys and experiences of each student who learns here,” said Gregory L. Fenves, president of the university. “This magnificent building is a testament to the vision of Robert and Terry Rowling, and their belief in the power of a UT education, which propelled the project from the beginning.”
You can learn more about Rowling Hall here.
Bauer Lecturer Named Educator of the Year – Bauer News Center
Dan Ramey, a lecturer for the University of Houston Bauer College of Business’ Department of Accountancy & Taxation, is the first-ever recipient of the Educator of the Year Award. Presented by the Greater Houston Area Chapter of the Association of Certified Fraud Examiners, Ramey was recognized for his contributions to anti-fraud education within his college and university.
“It is an honor and privilege to be able to work with such a great group of faculty, staff, and students,” Ramey said. “Teaching the two classes is the highlight of my week. I love being a part of the students as they go out into the business world, and I sincerely hope that I am successfully preparing them, academically and professionally, to succeed in accounting and business.”
You can read more about Ramey and the Award here.
Mays to Celebrate EY as 2018 Corporate Partner of the Year – Mays Impacts
The Mays Business School has named EY its Corporate Partner of the Year, and announced March 22 as EY Corporate Day at the Mays Business School. One of the leading employers of Mays graduates, EY (formerly Ernst & Young) is one of the largest professional services firms in the world, and part of the “Big Four” accounting firms.
“When selecting this year’s honoree, EY came quickly to mind because of their reciprocal partnership with the school,” said Mays Dean Eli Jones. “Not only do they provide financial support and devote their time to our students, they also groom our graduates for management positions. It is a cycle of success.”
For more information about the events planned that day, you can contact Cindy Billington or visit here.
What MBAs Should Know About BMO Financial
BMO Financial Group, established in 1817 as Bank of Montreal, is one of the largest diversified financial service providers in North America. According to BMO, more than 45,000 employees serve the financial needs of more than 12 million customers. Continue reading…
Clark Atlanta Announces New Dean, and More – Atlanta News
It’s time for a newsflash! Let’s take a look some of the biggest business school and MBA news coming out of Atlanta metro this week.
Silvanus J. Udoka Named Dean of Clark Atlanta University’s School of Business — Clark Atlanta News
According to a press release issued by the school, Clark Atlanta University President Ronald A. Johnson announced the selection of Silvanus J. Udoka, Ph.D., as dean of the university’s School of Business Administration. The current professor and chair of the Department of Management will enter his new role on June 1, 2018.
“I am honored to have been selected to serve as dean of Clark Atlanta University’s School of Business Administration,” Udoka said. “The history of the institution and the storied reputation of the School of Business Administration is palpable and the opportunities to create a transformative, innovative learning environment — attributes that first compelled me to pursue this assignment — align with my own mission to produce business and industry leaders who will not only compete successfully within the contemporary business environment, but apply critical thought, analysis and creativity to develop new market paradigms across vast sectors of the global economy. We are going to do great and exciting new things at Clark Atlanta.”
You can read more about Udoka’s promotion here.
25 Alumni Recognized During Emory Entrepreneur Awards — Emory Business News
Last month, the Emory Entrepreneur Network and Emory Alumni Association recognized 25 entrepreneurs Emory University alumni at the second annual Emory Entrepreneur Awards. According to the school, the awards celebrate alumni entrepreneurs who have innovated in their start and industry.
Several of the recent Emory entrepreneur honorees pose during last month’s event / Photo via emorybusiness.com.
“As you’ll see tonight, we’ve got a really good diversity of different folks from different industries and different business that they’ve created,” Steve Greenfield, co-president of the Emory Entrepreneur Network said. “Thankfully, with the support of folks like the Emory Alumni Association and Goizueta, we’ve finally gotten some momentum behind this.”
You can see the list of honorees here.
New Mentoring Program Pairs MBA, Master’s Students With Professionals — Georgia State University Newshub
The J. Mack Robinson College of Business recently launched a graduate mentoring program that helps MBAs build relationships with seasoned industry veterans. The new six-month program matches mentors using an algorithm that examines factors such as industry, years of experience, career goals, and expected outcomes.
“We are employing the latest technologies to ensure our new graduate mentoring program is another way in which we deliver on our vision that ‘no one gets closer to business than Robinson,’” dean Richard Phillips said.
Learn more about the mentoring program here.
These are the Top 5 Contenders for Amazon’s HQ2, According to Bank of America – Business Insider
In non-school news, a handful of Bank of America industry insiders believe that Atlanta can very well be the final destination for HQ2, Amazon‘s much publicized soon-to-be second headquarters.
“Bank of America considered two factors in choosing the cities: how closely each city mirrors Seattle (the site of Amazon’s current headquarters), and how attractive the city’s financial, employment, education, business, housing, transportation, and innovation sectors are.”
Amazon’s Seattle headquarters / Photo via Elaine Thompson/Associated Press.
The company has not yet released details of its pending final selection. You can read more about the industry expert’s predictions here.
What Chicago MBAs Can You Earn the Fastest?
Here’s a lesson everyone learns well before ever stepping foot into business school: time is money.
Some students want to complete their MBA coursework as quickly and efficiently as possible. That’s where accelerated MBA programs come into play: in only 12 months, those who earn an accelerated MBA reenter the job market ready to start their next career.
Accelerated programs— also known as One-Year MBA programs—are designed for students who have clear ideas for what they want to do after graduation, as well as those who already have a strong base in business.
While one-year MBA programs are popular in Europe, they are less common in the U.S. However, several top business schools in the Chicago metro feature accelerated MBA programs.
Let’s take a look:
University of Illinois at Chicago Accelerated MBA Program – Under 12 Months
The Liautaud Graduate School of Business Accelerated MBA launched in fall 2015 and was designed for recent graduates or students with limited work experience to develop knowledge of business principles and skills in three semesters of full-time study.
Students begin the program by taking core courses—financial accounting, corporate finance, marketing, microeconomics, operations management, and organizational behavior—before moving on to advanced electives. Core coursework is completed in a cohort during the fall and spring semesters. The final semester may be completed in the summer semester or in the subsequent fall semester. This degree can be completed in under one year by students who carry a heavy course load each semester.
Kellogg Accelerated MBA – 12 Months
The Northwestern Kellogg School of Management was the first top-tier business school to offer a One-Year MBA program, launching the program more than 50 years ago. The degree option was designed for students who have both a business-related degree and several years of work experience. Fun fact: Kellogg has increased the size of the accelerated program by nearly 20 percent over the past two years.
Kellogg’s Accelerated MBA allow students to bypass core classes. Required courses are taken in the summer, and elective courses taken in the fall, winter, and spring. Students take at least two summer courses in Leadership and Business Strategy, a Crisis Management half credit course right before the fall term, and then join second-year MBA students for the final 13 courses before earning their degree.
Notre Dame One Year MBA Program – 12 Months
Notre Dame University’s Mendoza College of Business’ One Year MBA, located just outside of Chicago on the border of Indiana, begins in May and ends the same month of the following year. The program starts with a 10-week summer session before students join classes with other MBA students in the fall and spring. Summer courses include leadership & organizational behavior, marketing management, and strategic essentials. Following the summer session classes, students declare a concentration in either business analytics, business leadership, consulting, corporate finance, innovation & entrepreneurship, investments, or marketing.
The immersive Mendoza College of Business’ One Year MBA includes international expeditions / Photo via morrisinn.nd.edu
Notre Dame’s One Year MBA also has an international immersion option. Between fall break and Christmas, one year students take a full schedule of MBA courses in partnership with Universidad Catholica in Chile. In addition to business courses in English, students will have the opportunity to learn or improve their Spanish language skills. These class feature numerous travel opportunities for students to explore the Andes region, including trips to Chile’s Atacama Desert, Machu Picchu in Peru, and multi-day trekking in Patagonia. Read more about Mendoza’s Global Opportunities here.
Northern Illinois University One Year MBA Program – 12 Months
Unlike most accelerated programs, NIU’s One-Year program accepts one cohort each winter. Classes begin in January and students finish coursework in 12 months by attending class just two evenings per week. Classes are further broken down into groups, which are expected to meet up at least once per week outside of normal classroom hours.
The program also includes a nine-day international trip, which is usually scheduled in March. These experiences generally include a combination of company visits, government briefings, and university lectures. Recent international immersions have had students visiting places like Lisbon and Barcelona.
Northern Illinois University Fast Trak MBA – 12 Months
NIU is also unique in that it offers two different MBA options that can be copleted in 12 months or less. The school’s Fast Trak MBA is a day-time, 12-month program with required international experiences in Bordeaux, France or Murcia, Spain. Students attend classes Monday through Friday during spring and fall semesters.
NIU’s Fast Trak MBA has all students enter and experience the program together and begins with a mandatory orientation session in mid-August for all students. The MBA program is broken up into five modules, with students taking between two and four courses during these five-to-eight week intensive class blocks. Students enrolled in the program also have the opportunity to earn a second Masters degree in International Management from IAE the Bordeaux University School of Management or a Master of International Management from the ENAE School of Business in Murcia, Spain.
For more information on Chicago MBA programs, click here.
Get Ready for These March MBA Deadlines
Be on top of the MBA application process and submit your graduate school applications in a timely fashion. Getting applications in early can increase your chances of scholarships and other not-to-miss opportunities when applying for your MBA. Here’s your guide to the March MBA deadlines in some of the biggest metros. Continue reading…
How Affordable are Baltimore MBA Programs Compared to DC?
A few years ago, the Baltimore Sun published a hilarious list outlining 100 reasons why Baltimore is a better city than Washington DC. Here are some of our favorite reasons:
- We don’t start conversations by asking, “What do you do?” or “Who do you work for.”
- It never takes us 45 minutes to go six miles.
- Our traffic doesn’t lead to clinical depression.
- D.C.’s happy hour is regular price to us.
- Our signature food is crab cakes and pit beef. D.C. has … yeah.
- We weren’t built on a swamp.
- Cal Ripken is 2,632 times better than any D.C. sports figure.
- The NATIONAL Aquarium: Not in the nation’s capital.
Yes, some of these reasons are very tongue-in-cheek, and the list aimed to be light-hearted and irreverent. But if you’re a prospective MBA in the DMV, there are some clear advantages to picking a business school in the Baltimore metro over the Washington DC metro, namely the affordability of programs.
Let’s take a deeper dive and see just how affordable Baltimore MBA Programs are compared to their DC counterparts.
Which MBAs Can You Earn in Baltimore and DC?
Both Baltimore and Washington DC are home to some of the country’s most prestigious business schools and MBA programs. Programs offered in the Baltimore metro include:
- Perdue School of Business – Salisbury University
- Carey Business School – Johns Hopkins University
- Sellinger School of Business – Loyola University Maryland
- University of Baltimore – Merrick School of Business
- University of Maryland R.H. Smith School of Business
Meanwhile, MBA programs offered in the Washington DC Metro include:
- George Mason University School of Business
- George Washington University School of Business
- Howard University School of Business
- Kogod School of Business – American University
- McDonough School of Business – Georgetown University
How Affordable are Baltimore’s Programs Compared to DC’s?
Yes, both metros boast and impressive programs that are sure to provide prospective MBAs with a high-quality business educations, but which city offers the more affordable options?
Here is the average cost per credit hour at business schools in Baltimore.
- Carey Business School Global MBA: $2,174 per credit hour
- Perdue School of Business Full-Time MBA: $392 per credit hour (in-state students), $703 per credit hour (out-of-state students)
- Sellinger School of Business Full-Time MBA: $1,238 per credit hour
- Merrick School of Business Flexible MBA: $824 per credit hour (in-state students), $1,149 per credit (out-of-state students)
- R.H. Smith School of Business Full-Time MBA: $1,658 per credit hour (in-state students), $1,998 per credit (out-of-state students)
Let’s compare these tuitions rates to the MBA offerings in the Washington DC area:
- George Mason University School of Business Full-Time MBA: $950 per credit hour (residents of Virginia, Maryland, and Washington DC), $1,751.50 per credit hour (out-of-state and international students)
- George Washington University School of Business Global MBA: $1,837 per credit hour
- Howard University School of Business Full-Time MBA: $1,259 per credit hour
- Kogod School of Business Full-Time MBA: $1,642 per credit hour
- McDonough School of Business Full-Time MBA: $1,880 per credit hour
When looking at tuition costs, Baltimore takes the cake. Even though Baltimore boasts the most expensive full-time program (Carey Business School Global MBA), the average cost per credit hour for both in-state and out-of-state students is about 16 percent lower in Charm City.
Washington DC vs. Baltimore MBA Cost
| Baltimore | Washington DC | |
|---|---|---|
| In-State Cost (per credit hour) | $1,257.20 | $1,513.60 |
| Out-of-State Cost (per credit hour) | $1,452.40 | $1,673.90 |
Additional Costs To Consider
Aside from tuition, business students living in the Baltimore area have a lower cost of living then their Washington DC counterparts. According to Numbeo, you would need around $4,541 in Baltimore to maintain the same standard of life that you can have with $6,100 in Washington DC, assuming you rent in both cities. This calculation uses the website’s Cost of Living Plus Rent Index to compare cost of living.
Here’s a closer look at how Numbeo creates its Cost of Living Indexes, and a breakdown of a few key stats to look at when comparing Baltimore to Washington DC:
- Consumer Prices in Baltimore, MD are 14.78 percent lower than in Washington DC
- Rent Prices in Baltimore, MD are 39.97 percent lower than in Washington DC
- Groceries Prices in Baltimore, MD are 15.70 percent lower than in Washington DC
- Local Purchasing Power in Baltimore, MD is 10.21 percent lower than in Washington DC
The case for Washington DC
So Baltimore’s MBA offerings are, on average, more affordable than Washington DCs. But what if money isn’t an issue, or you happen to get into a program in DC? Here are a few ways that the Capital City has the Monument CIty beat, according to Thrillist:
- Culinary Scene: DC is experience a craft beer renaissance with four breweries opening in recent years: DC Brau, 3 Stars Brewing, Chocolate City, and Bluejacket (soon). Meanwhile, notable restaurants such as minibar (Andres), Le Diplomate (Starr), Kapnos (Isabella), Range (Voltaggio), and Casa Luca (Trabocchi) have also opened. Baltimore isn’t really known as much of a foodie town.
- Public Transit: The Metro is one of the most efficient, most convenient, and cleanest public rail lines in the country. Baltimore’s metro runs East to West only, and doesn’t link up with either of the two other rail systems.
Oh, and remember that Baltimore Sun article we reference at the top of the page? Enjoy DC Inno’s slightly more punchy response.
