Babcock Graduate School of Management
Encyclopedia
The Babcock Graduate School of Management is one of the graduate schools of Wake Forest University
. Established in 1969, it admitted its first classes of full-time and executive students in 1971 and presented its first graduating class in 1973. The Babcock School was established with a gift from the Mary Reynolds Babcock Foundation and named in honor of Charles H. Babcock, a noted businessman and philanthropist who influenced civic, cultural and business development in Winston-Salem and North Carolina
.
In 1985, the Babcock Graduate School of Management earned its accreditation from the AACSB, and in 1993, the school moved into the newly constructed Worrell Professional Center, the first building in the nation to house both graduate business and law schools under one roof. In 1987, Babcock launched its evening Master of Business Administration
(MBA) program in Winston-Salem, followed by an evening MBA program in Charlotte in 1995 and a Saturday MBA program in Charlotte in 2004.
, América Economia, Financial Times
, The Economist
, Forbes
and U.S.News & World Report.
.
The Angell Center also sponsors the Elevator Competition, a business-plan pitch competition that attracts MBA students from across the country.
Primary endowment funding for the Angell Center comes from Winston-Salem area entrepreneur Don Angell and the Angell Foundation. In addition, significant program funding comes from the Ewing Marion Kauffman Foundation and the Price Institute for Entrepreneurial Studies.
The Family Business Center was established in 1999 to address the issues faced by closely held and family firms. Family businesses make up almost 90 percent of all companies and 37 percent of the Fortune 500, yet only 30 percent of all family firms survive to the second generation. Consulting with local businesses, the FBC helps family firms recognize and plan for the many unique issues they face. In addition, they hold several seminars each year that focus on critical family business issues.
The significant growth of the Family Business Center ~ Triad generated extensive interest from the Charlotte community to open a Family Business Center to address the needs of closely held firms in the Charlotte Metro area. The success and growth of the Triad and Charlotte Metro programs have made Babcock's Family Business Center one of the fastest growing centers of its kind in the United States.
In addition to playing an instrumental role in helping launch new ventures, the incubator serves as a living laboratory for students. Working in the incubator helps students apply their evolving business knowledge while providing a stronger appreciation for the ambiguity that exists within start-up companies. Their work is often under faculty supervision, thus assuring the delivery of quality services while applying sound business principles. This experience helps students bridge the business theory-to-practice gap that often exists in business programs.
The Flow Institute organizes the annual International Summer Study Tours to destinations such as China
, Japan
, India
, Central Europe
and Latin America
. These two-week trips offer students the opportunity to observe international business practices, meet with business and government leaders, tour historical sites, and appreciate the role of culture in business. The international study trips are integrated into the Babcock School's various programs in different ways.
Each year, the Babcock School hosts a Marketing Summit which includes an MBA case competition, undergraduate case competition and a marketing forum.
For the MBA case competition, major corporations submit marketing challenges in a business case format. For example, in 2008, the event was sponsored by PepsiCo
and students were challenged to develop new business opportunities for its True North snack food brand. In 2007, Motorola
challenged students to create a marketing plan for its new Q product for small and mid-size U.S. companies. MBA student teams have 36 hours to create a marketing solution that is presented to a panel of judges and the sponsor's representatives. Past sponsors have included Motorola
, Yahoo!
, Coca-Cola
, Lowe's Home Improvement Store, Apple Computer
, Sara Lee, GlaxoSmithKline
, Heineken
, Microsoft
, DISH Network
/ Echostar Communications and R. J. Reynolds Tobacco Company. The first-place team receives $5,000; second place, $3,000; and third place $2,000. In addition to prize money, participating students get great exposure to some of the world's best companies. Resumes of participating team members are published in a book that is distributed to the sponsor, panelists, judges and distinguished guests attending the Summit. Moreover, communications to senior marketing executives and recruiters at the country's 1,000 largest corporations highlight the competition and encourage executives to review participants' resumes. Past participants in the MBA case competition include teams from the University of Washington
, University of Virginia
, Michigan State University
, Indiana University
, Hong Kong University, Dartmouth College
, University of California-Berkeley, and the Babcock School.
In the undergraduate case competition competing teams participate in a three-phase challenge over the course of two months in which they deal with pressing issues facing the event’s corporate sponsor. The three highest-scoring teams are invited to attend the Marketing Summit and present their solutions before a panel of MBA faculty, CEOs, CMOs and representatives from the sponsor. The winners are announced at the closing awards dinner and receive their cash prize. Past participants have included teams from the University of Pennsylvania
, the University of Florida
and Boston College
, among others.
The Marketing Forum features marketing leaders executives from companies from around the world arranged for a panel discussion with the general public. Panelists discuss issues facing their companies and offer unique insights into current marketing trends.
In December 2006, a small team of Babcock students traveled to Nicaragua
to conduct preliminary research and identify opportunities to help the Missionary Ventures International Vocational School develop a sustainable business model. After consulting with community members and students, the Babcock team suggested a new business model for the MVI School that focused on selling hand-crafted metal products made by its students. Revenue from the sales of these products will supply real wages to students and graduates who have few economic opportunities and also help fund the school to advance its mission of educating a labor force. Both the MVI School and the Babcock student team will work to sell the products through various distribution channels to local and international markets.
After the Babcock student team returned home, the project continued to grow as input from students, faculty and external organizations increased. A group of 18 Babcock students and faculty returned to Nicaragua
in March 2007 to conduct a seminar for area business owners and to implement the marketing, operations and accounting components of the MVI school’s new business model.
Another nationally recognized event at the Babcock School is the Elevator Competition. The competition was first held in 2000 and has been held every year since at the Wachovia Center
in downtown Winston-Salem. During this competition, MBA students with an interest in entrepreneurship pitch their ideas to a venture capitalist while riding in an elevator for two minutes. The student must also supply a detailed business plan and prepare a formal presentation of their business venture. The objective is to earn more time to present their ideas formally to a panel of venture capitalists, which chooses the winners. The winning team wins $5,000 in cash, $40,000 in professional services and the opportunity to meet with a venture capital group to explore possible funding for their business plan.
Past participants have included MBA students from Babson College
, Carnegie Mellon University
, Yale University
, Duke University
, Hong Kong University of Science and Technology
, New York University
, Peking University
, Purdue University
, University of Arkansas
, University of Chicago
, University of Michigan
and Wake Forest University
.
In 2010, Wake Forest launched a blog site to track the progress of the event.
The Worrell Professional Center for Law and Management opened in 1993 and is named after alumnus, trustee and benefactor Eugene Worrell and his wife, Anne, of Charlottesville, Virginia
. The facility includes 30 private study rooms open 24 hours a day; spacious lounges with televisions tuned to financial news channels; and an adjacent food court, bookstore and gift shop. Worrell is located on the Wake Forest University
grounds in Winston-Salem, NC.
Wake Forest
’s Charlotte
MBA programs are housed at One Morrocroft Centre, which is located in the city’s SouthPark area. Classrooms offer a technologically advanced setting, and all study spaces offer wireless access to the Internet and to the school’s Intranet.
The school plans to move its Charlotte
programs into new offices that will be part of an urban park and 30-story office tower being developed by Wachovia
Corp. in the city’s uptown area.
Past speakers have included Duane Ackerman, Chairman & CEO of BellSouth
; John T. Chambers, President & CEO of Cisco Systems
; Michael Dell, Chairman & CEO of Dell
Computer; Sen. Elizabeth Dole
(R-N.C.), former U.S. Secretary of Transportation; David Farr, CEO of Emerson
; Alan Greenspan
, former Chairman of the Federal Reserve Board; Julia Homer, Founding Editor and Editor in Chief of CFO Magazine; Katherine M. Hudson, President & CEO of Brady Corp.; Robert A. Ingram, Vice Chairman of Pharmaceuticals of GlaxoSmithKline
; William R. Johnson, Chairman, President and CEO of H.J. Heinz Co.; Hugh L. McColl Jr.
, retired Chairman & CEO of Bank of America
; Bonnie McElveen-Hunter
, former U.S. Ambassador to Finland
, Chair of the American Red Cross
and Founder & CEO, Pace Communications; Raul Muñoz Leos, Director General of Petroleos Mexicanos (Pemex); Robert Rubin
, former U.S. Treasury Secretary, and Director, Citigroup
; former British Prime Minister Margaret Thatcher
; Rosendo Parra, Senior Vice President and General Manager of Home and Small Business Group, Dell
; Greg Bridgeford, Executive Vice President - Business Development, Lowe's Companies Inc.; Anna Cabral, Treasurer of the United States; and John Mackey, Chairman and CEO of Whole Foods Market
.
Members of Pilobolus (dance company)
also visited to stress the importance of creative thinking in the business world.
) exam; an interview with an admissions counselor; and the Babcock School application which consists of general information, essay questions, a resume, recommendations, academic history, GMAT
scores, TOEFL
or IELTS
scores (if applicable), and a nonrefundable application fee. In addition, a candidate must fulfill the work experience requirements for each program.
Wake Forest University
Wake Forest University is a private, coeducational university in the U.S. state of North Carolina, founded in 1834. The university received its name from its original location in Wake Forest, north of Raleigh, North Carolina, the state capital. The Reynolda Campus, the university's main campus, is...
. Established in 1969, it admitted its first classes of full-time and executive students in 1971 and presented its first graduating class in 1973. The Babcock School was established with a gift from the Mary Reynolds Babcock Foundation and named in honor of Charles H. Babcock, a noted businessman and philanthropist who influenced civic, cultural and business development in Winston-Salem and North Carolina
North Carolina
North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...
.
In 1985, the Babcock Graduate School of Management earned its accreditation from the AACSB, and in 1993, the school moved into the newly constructed Worrell Professional Center, the first building in the nation to house both graduate business and law schools under one roof. In 1987, Babcock launched its evening Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
(MBA) program in Winston-Salem, followed by an evening MBA program in Charlotte in 1995 and a Saturday MBA program in Charlotte in 2004.
International Relationships
The Babcock School has long-standing relationships with leading international business schools including eight international programs that allow faculty and students from each school to teach and study at the other. The partner schools are Bordeaux School of Business, France; EM-Lyon Graduate School of Management, France; European Business School, Germany; Indian Institute of Management-Calcutta, India; Institute of Business Studies, Russia; University of Kaiserslautern, Germany; WHU-Otto Beisheim Graduate School of Management, Germany and Vienna University of Economics and Business Administration, Austria.Rankings
The Babcock Graduate School of Management is consistently ranked among the world's best graduate business schools. It is currently #2 in regional school rankings by The Wall Street Journal, #10 in the world by Beyond Grey Pinstripes (for preparing its MBA graduates for social and environmental stewardship), and among the top 50 U.S. business schools by BusinessWeekBusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
, América Economia, Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
, The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
, Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
and U.S.News & World Report.
- Entrepreneurship - Entrepreneur MagazineEntrepreneur MagazineEntrepreneur is a publication that carries news stories about entrepreneurialism, small business management, and business opportunities. It is published by Entrepreneur Media Inc., headquartered in Irvine, California....
ranked Babcock's entrepreneurship programs #17 in the nation, and Stan Mandel, director of the Angell Center for Entrepreneurship, has been recognized as the #3 entrepreneurial program director in the country. - Return on Investment - Forbes calculated that, on average, it takes Wake Forest's full-time graduates 3.4 years to break even on their MBA investment, and ranked Babcock #12 in the nation for evening MBA program return on investment.
- Technology - Based in part upon its far-reaching implementation of technology in the Babcock Graduate School of Management, Wake Forest University was declared a best-practice organization for technology usage by the American Productivity & Quality Center (APQC) and AACSB International.
Angell Center for Entrepreneurship
The Angell Center is an entrepreneurship institution. It houses several entrepreneurship-oriented programs, such as the Family Business Center and the Babcock Demon Incubator, provides students with multiple internship opportunities in start-ups across the nation, sponsors educational programs within the region, introduces students to venture capitalists and financiers, and partners with non-profits to build social capitalSocial capital
Social capital is a sociological concept, which refers to connections within and between social networks. The concept of social capital highlights the value of social relations and the role of cooperation and confidence to get collective or economic results. The term social capital is frequently...
.
The Angell Center also sponsors the Elevator Competition, a business-plan pitch competition that attracts MBA students from across the country.
Primary endowment funding for the Angell Center comes from Winston-Salem area entrepreneur Don Angell and the Angell Foundation. In addition, significant program funding comes from the Ewing Marion Kauffman Foundation and the Price Institute for Entrepreneurial Studies.
The Family Business Center
The significant growth of the Family Business Center ~ Triad generated extensive interest from the Charlotte community to open a Family Business Center to address the needs of closely held firms in the Charlotte Metro area. The success and growth of the Triad and Charlotte Metro programs have made Babcock's Family Business Center one of the fastest growing centers of its kind in the United States.
The Babcock Demon Incubator
The Babcock Demon Incubator operates under Babcock's Angell Center for Entrepreneurship. It works to launch companies that have the potential to create significant economic impact in the Triad through jobs and business investment. The incubator offers office space, Internet access, discounted professional resources and networking opportunities for growth-oriented, early stage ventures. It houses approximately five start-up businesses, with tenants admitted on a rolling basis throughout the year. Each business that enters the incubator has about a year to grow and find a permanent location. Winners of the Triad Entrepreneurial Initiative's annual business plan competition are among companies housed in the incubator.In addition to playing an instrumental role in helping launch new ventures, the incubator serves as a living laboratory for students. Working in the incubator helps students apply their evolving business knowledge while providing a stronger appreciation for the ambiguity that exists within start-up companies. Their work is often under faculty supervision, thus assuring the delivery of quality services while applying sound business principles. This experience helps students bridge the business theory-to-practice gap that often exists in business programs.
Flow Institute for International Studies
The Flow Institute for International Studies helps students develop their understanding of other countries’ economies, businesses and cultures through study tours, speakers and seminars.The Flow Institute organizes the annual International Summer Study Tours to destinations such as China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, Central Europe
Central Europe
Central Europe or alternatively Middle Europe is a region of the European continent lying between the variously defined areas of Eastern and Western Europe...
and Latin America
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
. These two-week trips offer students the opportunity to observe international business practices, meet with business and government leaders, tour historical sites, and appreciate the role of culture in business. The international study trips are integrated into the Babcock School's various programs in different ways.
Marketing Summit
For the MBA case competition, major corporations submit marketing challenges in a business case format. For example, in 2008, the event was sponsored by PepsiCo
PepsiCo
PepsiCo Inc. is an American multinational corporation headquartered in Purchase, New York, United States, with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company...
and students were challenged to develop new business opportunities for its True North snack food brand. In 2007, Motorola
Motorola
Motorola, Inc. was an American multinational telecommunications company based in Schaumburg, Illinois, which was eventually divided into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011, after losing $4.3 billion from 2007 to 2009...
challenged students to create a marketing plan for its new Q product for small and mid-size U.S. companies. MBA student teams have 36 hours to create a marketing solution that is presented to a panel of judges and the sponsor's representatives. Past sponsors have included Motorola
Motorola
Motorola, Inc. was an American multinational telecommunications company based in Schaumburg, Illinois, which was eventually divided into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011, after losing $4.3 billion from 2007 to 2009...
, Yahoo!
Yahoo!
Yahoo! Inc. is an American multinational internet corporation headquartered in Sunnyvale, California, United States. The company is perhaps best known for its web portal, search engine , Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Groups, Yahoo! Answers, advertising, online mapping ,...
, Coca-Cola
Coca-Cola
Coca-Cola is a carbonated soft drink sold in stores, restaurants, and vending machines in more than 200 countries. It is produced by The Coca-Cola Company of Atlanta, Georgia, and is often referred to simply as Coke...
, Lowe's Home Improvement Store, Apple Computer
Apple Computer
Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. The company's best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad...
, Sara Lee, GlaxoSmithKline
GlaxoSmithKline
GlaxoSmithKline plc is a global pharmaceutical, biologics, vaccines and consumer healthcare company headquartered in London, United Kingdom...
, Heineken
Heineken
Heineken is a Dutch beer which has been brewed by Heineken International since 1873. It is available in a 4.6% alcohol variety in countries such as Ireland. It is the flagship product of the Heineken company and is made of purified water, malted barley, hops, and yeast. In 1886 H...
, Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
, DISH Network
Dish Network
Dish Network Corporation is the second largest pay TV provider in the United States, providing direct broadcast satellite service—including satellite television, audio programming, and interactive television services—to 14.337 million commercial and residential customers in the United States. Dish...
/ Echostar Communications and R. J. Reynolds Tobacco Company. The first-place team receives $5,000; second place, $3,000; and third place $2,000. In addition to prize money, participating students get great exposure to some of the world's best companies. Resumes of participating team members are published in a book that is distributed to the sponsor, panelists, judges and distinguished guests attending the Summit. Moreover, communications to senior marketing executives and recruiters at the country's 1,000 largest corporations highlight the competition and encourage executives to review participants' resumes. Past participants in the MBA case competition include teams from the University of Washington
University of Washington
University of Washington is a public research university, founded in 1861 in Seattle, Washington, United States. The UW is the largest university in the Northwest and the oldest public university on the West Coast. The university has three campuses, with its largest campus in the University...
, University of Virginia
University of Virginia
The University of Virginia is a public research university located in Charlottesville, Virginia, United States, founded by Thomas Jefferson...
, Michigan State University
Michigan State University
Michigan State University is a public research university in East Lansing, Michigan, USA. Founded in 1855, it was the pioneer land-grant institution and served as a model for future land-grant colleges in the United States under the 1862 Morrill Act.MSU pioneered the studies of packaging,...
, Indiana University
Indiana University
Indiana University is a multi-campus public university system in the state of Indiana, United States. Indiana University has a combined student body of more than 100,000 students, including approximately 42,000 students enrolled at the Indiana University Bloomington campus and approximately 37,000...
, Hong Kong University, Dartmouth College
Dartmouth College
Dartmouth College is a private, Ivy League university in Hanover, New Hampshire, United States. The institution comprises a liberal arts college, Dartmouth Medical School, Thayer School of Engineering, and the Tuck School of Business, as well as 19 graduate programs in the arts and sciences...
, University of California-Berkeley, and the Babcock School.
In the undergraduate case competition competing teams participate in a three-phase challenge over the course of two months in which they deal with pressing issues facing the event’s corporate sponsor. The three highest-scoring teams are invited to attend the Marketing Summit and present their solutions before a panel of MBA faculty, CEOs, CMOs and representatives from the sponsor. The winners are announced at the closing awards dinner and receive their cash prize. Past participants have included teams from the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
, the University of Florida
University of Florida
The University of Florida is an American public land-grant, sea-grant, and space-grant research university located on a campus in Gainesville, Florida. The university traces its historical origins to 1853, and has operated continuously on its present Gainesville campus since September 1906...
and Boston College
Boston College
Boston College is a private Jesuit research university located in the village of Chestnut Hill, Massachusetts, USA. The main campus is bisected by the border between the cities of Boston and Newton. It has 9,200 full-time undergraduates and 4,000 graduate students. Its name reflects its early...
, among others.
The Marketing Forum features marketing leaders executives from companies from around the world arranged for a panel discussion with the general public. Panelists discuss issues facing their companies and offer unique insights into current marketing trends.
Babcock International Consulting Program
A recent addition to the Babcock School, the student-run Babcock International Consulting Program works to share the expertise of Babcock students with emerging businesses in developing countries.In December 2006, a small team of Babcock students traveled to Nicaragua
Nicaragua
Nicaragua is the largest country in the Central American American isthmus, bordered by Honduras to the north and Costa Rica to the south. The country is situated between 11 and 14 degrees north of the Equator in the Northern Hemisphere, which places it entirely within the tropics. The Pacific Ocean...
to conduct preliminary research and identify opportunities to help the Missionary Ventures International Vocational School develop a sustainable business model. After consulting with community members and students, the Babcock team suggested a new business model for the MVI School that focused on selling hand-crafted metal products made by its students. Revenue from the sales of these products will supply real wages to students and graduates who have few economic opportunities and also help fund the school to advance its mission of educating a labor force. Both the MVI School and the Babcock student team will work to sell the products through various distribution channels to local and international markets.
After the Babcock student team returned home, the project continued to grow as input from students, faculty and external organizations increased. A group of 18 Babcock students and faculty returned to Nicaragua
Nicaragua
Nicaragua is the largest country in the Central American American isthmus, bordered by Honduras to the north and Costa Rica to the south. The country is situated between 11 and 14 degrees north of the Equator in the Northern Hemisphere, which places it entirely within the tropics. The Pacific Ocean...
in March 2007 to conduct a seminar for area business owners and to implement the marketing, operations and accounting components of the MVI school’s new business model.
Elevator Competition
Wachovia Center
The Wells Fargo Center is an indoor arena located in Philadelphia, Pennsylvania....
in downtown Winston-Salem. During this competition, MBA students with an interest in entrepreneurship pitch their ideas to a venture capitalist while riding in an elevator for two minutes. The student must also supply a detailed business plan and prepare a formal presentation of their business venture. The objective is to earn more time to present their ideas formally to a panel of venture capitalists, which chooses the winners. The winning team wins $5,000 in cash, $40,000 in professional services and the opportunity to meet with a venture capital group to explore possible funding for their business plan.
Past participants have included MBA students from Babson College
Babson College
Babson College is a private business school located in Wellesley, Massachusetts near Boston.- History :Babson College was founded by Roger Babson on September 3, 1919, as the Babson Institute. It was renamed "Babson College" in 1969...
, Carnegie Mellon University
Carnegie Mellon University
Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
, Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
, Duke University
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...
, Hong Kong University of Science and Technology
Hong Kong University of Science and Technology
The Hong Kong University of Science and Technology is a public university located in Hong Kong. Established in 1991 under Hong Kong Law Chapter 1141 , it is one of the nine universities in Hong Kong.Professor Tony F. Chan is the president of HKUST...
, New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
, Peking University
Peking University
Peking University , colloquially known in Chinese as Beida , is a major research university located in Beijing, China, and a member of the C9 League. It is the first established modern national university of China. It was founded as Imperial University of Peking in 1898 as a replacement of the...
, Purdue University
Purdue University
Purdue University, located in West Lafayette, Indiana, U.S., is the flagship university of the six-campus Purdue University system. Purdue was founded on May 6, 1869, as a land-grant university when the Indiana General Assembly, taking advantage of the Morrill Act, accepted a donation of land and...
, University of Arkansas
University of Arkansas
The University of Arkansas is a public, co-educational, land-grant, space-grant, research university. It is classified by the Carnegie Foundation as a research university with very high research activity. It is the flagship campus of the University of Arkansas System and is located in...
, University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
, University of Michigan
University of Michigan
The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
and Wake Forest University
Wake Forest University
Wake Forest University is a private, coeducational university in the U.S. state of North Carolina, founded in 1834. The university received its name from its original location in Wake Forest, north of Raleigh, North Carolina, the state capital. The Reynolda Campus, the university's main campus, is...
.
In 2010, Wake Forest launched a blog site to track the progress of the event.
Student life
The Babcock School's primary location is on the Wake Forest University campus in Winston-Salem, N.C. Programs offered there are the full-time and Winston-Salem evening MBA programs as well as the MA in Management program. The Babcock School also maintains a campus in Charlotte, N.C., that houses the Charlotte evening and Saturday MBA programs.Student Clubs and Organizations
Students at the Babcock School can choose from among nearly 20 clubs and organizations, or they can participate in a variety of events including the Greater Babcock Open and a Charity Auction. Student organizations include the Black Business Students Association, Entrepreneurs Club, Hispanic Club, Net Impact Club, Strategy and Consulting Club, Women in Business and The Joint Degree Society.Campus
Virginia
The Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...
. The facility includes 30 private study rooms open 24 hours a day; spacious lounges with televisions tuned to financial news channels; and an adjacent food court, bookstore and gift shop. Worrell is located on the Wake Forest University
Wake Forest University
Wake Forest University is a private, coeducational university in the U.S. state of North Carolina, founded in 1834. The university received its name from its original location in Wake Forest, north of Raleigh, North Carolina, the state capital. The Reynolda Campus, the university's main campus, is...
grounds in Winston-Salem, NC.
Wake Forest
Wake Forest University
Wake Forest University is a private, coeducational university in the U.S. state of North Carolina, founded in 1834. The university received its name from its original location in Wake Forest, north of Raleigh, North Carolina, the state capital. The Reynolda Campus, the university's main campus, is...
’s Charlotte
CHARLOTTE
- CHARLOTTE :CHARLOTTE is an American blues-based hard rock band that formed in Los Angeles, California in 1986. Currently, they are signed to indie label, Eonian Records, under which they released their debut cd, Medusa Groove, in 2010. Notable Charlotte songs include 'Siren', 'Little Devils',...
MBA programs are housed at One Morrocroft Centre, which is located in the city’s SouthPark area. Classrooms offer a technologically advanced setting, and all study spaces offer wireless access to the Internet and to the school’s Intranet.
The school plans to move its Charlotte
CHARLOTTE
- CHARLOTTE :CHARLOTTE is an American blues-based hard rock band that formed in Los Angeles, California in 1986. Currently, they are signed to indie label, Eonian Records, under which they released their debut cd, Medusa Groove, in 2010. Notable Charlotte songs include 'Siren', 'Little Devils',...
programs into new offices that will be part of an urban park and 30-story office tower being developed by Wachovia
Wachovia
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...
Corp. in the city’s uptown area.
Lecture Series
Through the Babcock Leadership Series and Broyhill Executive Lecture Series, MBA students can meet, both formally and informally, with business and government leaders.Past speakers have included Duane Ackerman, Chairman & CEO of BellSouth
BellSouth
BellSouth Corporation is an American telecommunications holding company based in Atlanta, Georgia. BellSouth was one of the seven original Regional Bell Operating Companies after the U.S...
; John T. Chambers, President & CEO of Cisco Systems
Cisco Systems
Cisco Systems, Inc. is an American multinational corporation headquartered in San Jose, California, United States, that designs and sells consumer electronics, networking, voice, and communications technology and services. Cisco has more than 70,000 employees and annual revenue of US$...
; Michael Dell, Chairman & CEO of Dell
Dell
Dell, Inc. is an American multinational information technology corporation based in 1 Dell Way, Round Rock, Texas, United States, that develops, sells and supports computers and related products and services. Bearing the name of its founder, Michael Dell, the company is one of the largest...
Computer; Sen. Elizabeth Dole
Elizabeth Dole
Mary Elizabeth Alexander Hanford "Liddy" Dole is an American politician who served in both the Ronald Reagan and George H. W. Bush presidential administrations, as well as a United States Senator....
(R-N.C.), former U.S. Secretary of Transportation; David Farr, CEO of Emerson
Emerson Electric Company
Emerson Electric Company is a major multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 company manufactures products and provides engineering services for a wide range of industrial, commercial, and consumer markets.Emerson is one of the largest...
; Alan Greenspan
Alan Greenspan
Alan Greenspan is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private advisor and provides consulting for firms through his company, Greenspan Associates LLC...
, former Chairman of the Federal Reserve Board; Julia Homer, Founding Editor and Editor in Chief of CFO Magazine; Katherine M. Hudson, President & CEO of Brady Corp.; Robert A. Ingram, Vice Chairman of Pharmaceuticals of GlaxoSmithKline
GlaxoSmithKline
GlaxoSmithKline plc is a global pharmaceutical, biologics, vaccines and consumer healthcare company headquartered in London, United Kingdom...
; William R. Johnson, Chairman, President and CEO of H.J. Heinz Co.; Hugh L. McColl Jr.
Hugh McColl
Hugh L. McColl Jr. is a fourth-generation banker and the former Chairman and CEO of Bank of America. McColl was a driving force behind consolidating a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first...
, retired Chairman & CEO of Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
; Bonnie McElveen-Hunter
Bonnie McElveen-Hunter
Bonnie McElveen-Hunter is an American businesswoman who is the first female Chairman of the Board of Governors of the American Red Cross. She is currently serving her second three-year term, the first of which began in June, 2004, when she was appointed to the post by U.S. President George W....
, former U.S. Ambassador to Finland
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
, Chair of the American Red Cross
American Red Cross
The American Red Cross , also known as the American National Red Cross, is a volunteer-led, humanitarian organization that provides emergency assistance, disaster relief and education inside the United States. It is the designated U.S...
and Founder & CEO, Pace Communications; Raul Muñoz Leos, Director General of Petroleos Mexicanos (Pemex); Robert Rubin
Robert Rubin
Robert Edward Rubin served as the 70th United States Secretary of the Treasury during both the first and second Clinton administrations. Before his government service, he spent 26 years at Goldman Sachs eventually serving as a member of the Board, and Co-Chairman from 1990-1992...
, former U.S. Treasury Secretary, and Director, Citigroup
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
; former British Prime Minister Margaret Thatcher
Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher, was Prime Minister of the United Kingdom from 1979 to 1990...
; Rosendo Parra, Senior Vice President and General Manager of Home and Small Business Group, Dell
Dell
Dell, Inc. is an American multinational information technology corporation based in 1 Dell Way, Round Rock, Texas, United States, that develops, sells and supports computers and related products and services. Bearing the name of its founder, Michael Dell, the company is one of the largest...
; Greg Bridgeford, Executive Vice President - Business Development, Lowe's Companies Inc.; Anna Cabral, Treasurer of the United States; and John Mackey, Chairman and CEO of Whole Foods Market
Whole Foods Market
Whole Foods Market is a foods supermarket chain based in Austin, Texas which emphasizes "natural and organic products." The company has been ranked among the most socially responsible businesses and placed third on the U.S...
.
Members of Pilobolus (dance company)
Pilobolus (dance company)
Pilobolus is a contemporary dance company whose origins are traced to a 1971 Dartmouth College dance class taught by Alison Becker Chase. The group first began performing in October 1971....
also visited to stress the importance of creative thinking in the business world.
Career Management Center
The Career Management Center (CMC) staff works with students to assess career options, refine goals, and network with well-placed corporate contacts. Beyond the immediate job search, the staff works with students to develop interview and résumé skills.Faculty and Academic Units
More than 75% of Babcock faculty have international consulting, teaching work or research experience. More than 90% hold a PhD or other doctoral degree, 33% serve on a company board of directors and 30% have experience owning their own company.Admissions
To be considered for admission to any program, a candidate must successfully complete the following: A degree program at an accredited U.S. four-year undergraduate college/university or its equivalent; the Graduate Management Admission Test (GMATGraduate Management Admission Test
The Graduate Management Admission Test is a computer-adaptive standardized test in mathematics and the English language for measuring aptitude to succeed academically in graduate business studies. Business schools use the test as a criterion for admission into graduate business administration...
) exam; an interview with an admissions counselor; and the Babcock School application which consists of general information, essay questions, a resume, recommendations, academic history, GMAT
Graduate Management Admission Test
The Graduate Management Admission Test is a computer-adaptive standardized test in mathematics and the English language for measuring aptitude to succeed academically in graduate business studies. Business schools use the test as a criterion for admission into graduate business administration...
scores, TOEFL
TOEFL
The Test of English as a Foreign Language, or TOEFL , evaluates the ability of an individual to use and understand English in an academic setting....
or IELTS
IELTS
IELTS , or 'International English Language Testing System', is an international standardised test of English language proficiency. It is jointly managed by University of Cambridge ESOL Examinations, the British Council and IDP Education Pty Ltd, and was established in 1989.There are two versions of...
scores (if applicable), and a nonrefundable application fee. In addition, a candidate must fulfill the work experience requirements for each program.
Notable Students and Alumni
- Susan Alt - President and CEO, Volvo Logistics North America
- Steve Davis - Senior VP of Marketing, HeinekenHeinekenHeineken is a Dutch beer which has been brewed by Heineken International since 1873. It is available in a 4.6% alcohol variety in countries such as Ireland. It is the flagship product of the Heineken company and is made of purified water, malted barley, hops, and yeast. In 1886 H...
NA - David Dupree - Managing Director and CEO, The Halifax Group
- Charlie Ergen - Chairman and CEO, EchoStar Communications Corporation
- Ann Johnston - Executive VP, HR, R. J. Reynolds Tobacco Company
- John Medica - former Senior VP and General Manager of Product Group, Dell Computer
- Jorge Rodriguez - Head of Private Banking, ING GroupING GroupThe ING Group is a global financial institution offering retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks...
, Mexico - Warren Stephens - Chairman, President and CEO, Stephens Inc.Stephens Inc.Stephens Inc. is a full service, privately owned investment bank based in Little Rock, Arkansas.-History:Stephens Inc. was founded in 1933 by W.R. Witt Stephens. His brother, Jackson T. Stephens joined the firm in 1946 and served as Chairman of the Board and CEO of Stephens Inc. from 1956 to 1986....
- G. Kennedy ThompsonG. Kennedy ThompsonG. Kennedy "Ken" Thompson is an American businessman who was previously chairman, president, and CEO of Wachovia Corporation, formerly First Union Corporation, from 2000 through 2008...
- Chairman, President and CEO, Wachovia Corp. - Eric Wiseman - President and COO, VF Corp.VF Corp.VF Corporation is an American apparel corporation. VF corporation sells jeanswear, intimate apparel, daypacks, and workwear. The corporate headquarters are in Greensboro, North Carolina.-History:...
Deans
| Name | Years as Dean | |
|---|---|---|
| 1 | Robert S. Carlson | (1969–1971) |
| 2 | Jack Ferner | (1972–1974) |
| 3 | Frank J. Schilagi | (1974–1980) |
| 4 | Bernard L. Beatty | (1980) |
| 5 | Edward L. Felton, Jr. | (1980–1982) |
| 6 | Robert W. Shively | (1982–1988) |
| 7 | Paul A. Dierks | (1988–1989) |
| 8 | John B. McKinnon | (1989–1994) |
| 9 | Gary Costley | (1994–1996) |
| 10 | R. Charles Moyer | (1997–2003) |
| 11 | Ajay Patel | (2003–2008) |
| 12 | Steve Reinemund | (2008–current) |
See also
- List of United States business school rankings
- List of business schools in the United States
- Wake Forest UniversityWake Forest UniversityWake Forest University is a private, coeducational university in the U.S. state of North Carolina, founded in 1834. The university received its name from its original location in Wake Forest, north of Raleigh, North Carolina, the state capital. The Reynolda Campus, the university's main campus, is...
- Wake Forest University School of MedicineWake Forest University School of MedicineThe Wake Forest School of Medicine is the medical school of Wake Forest University, located in Winston-Salem, North Carolina. It is affiliated with North Carolina Baptist Hospital and Wake Forest University Physicians, forming part of the Wake Forest Baptist Medical Center system...