Kenan-Flagler Business School
Encyclopedia
The Kenan-Flagler Business School is the undergraduate and graduate business school
at the University of North Carolina at Chapel Hill
. The school offers a Bachelor of Science in Business Administration, Master of Business Administration
(MBA), MBA for Executives, Master of Accounting, Ph.D.
, a business certificate program, as well as many executive education programs.
In 1997, the McColl Building opened at Kenan-Flagler to complete today's campus. With 191,000 square feet (17,700 m2), Hugh McColl's namesake has more than tripled the space that the school occupied at Carroll Hall.
The Kenan and Flagler Families
Mary Lily's brother, William R. Kenan Jr., discovered acetylene gas, which led to the creation of Union Carbide. Her husband, Henry Morrison Flagler
co-founded the Standard Oil Co. with John D. Rockefeller
and is responsible for the development of Florida's eastern coast. Prior to his arrival in Florida, the state was virtually inaccessible except by ship. Flagler founded what eventually became known as the Flagler System Companies made up of railroad, shipping, real estate, and hotel development and utility companies. The system's flagship was the famous Breakers Hotel
in Palm Beach.
In the 1790s, Mary Lily's great-great-grandfather, James Kenan, served on UNC's first board of trustees and contributed to the construction of Old East, the oldest public university building in the United States. Mary Lily's maternal great-great-grandfather, Christopher Barbee, donated more than 200 acre (0.809372 km²) of his Orange County farm to the University, then about one-fifth of the campus.
Gifts to the University by the Kenan family total some $50 million to date and include such buildings as Kenan Stadium and the Kenan Center. The William R. Kenan Jr. Charitable Trust contributed $10 million to the Bicentennial Campaign for UNC to be used for the Kenan-Flagler Business School's new state-of-the-art building, $10 million for the Paul J. Rizzo Conference Center at Meadowmont, and $1 million for the Center for Entrepreneurship and Technology Venturing.
MBA for Executives Programs
MAC Program (Master of Accounting)
Executive Development (Non-Degree Programs)
The faculty’s global perspective stems from their research, their engagement in the world and their roots. They come to UNC from Australia, Austria, Brazil, Canada, China, Greece, India, Ireland, Italy, Spain, Thailand, Turkey, the Netherlands, the United Kingdom, the United States and Vietnam.
The MBA classes are designed with help from the school's corporate advisory boards. The classes will challenge and develop students in 3 areas recruiters say are essential for a student's career success:
UNC Kenan-Flagler Sponsored Case Competitions
Venture Capital Investment Competition (VCIC)
The premier event for graduate students pursuing careers as entrepreneurs and venture capitalists. Founded at UNC Kenan-Flagler, it is part of the school’s top ranked program for entrepreneurs. VCIC gives students great experience playing the role of venture capitalists to assess real companies. www.vcic.org. 'VCIC wiki
.'
UNC Kenan-Flagler Real Estate Development Challenge
It was founded by the Center for Real Estate Development as an invitation-only event.
The Evergreen Investments Alpha Challenge
This competition is the premier MBA event in the investment management industry. MBA teams from schools worldwide compete on popular hedge fund trading strategies.
The KFBS Real Estate Fund I, LP
Established in 2007 with two objectives in mind – education and the achievement of potential investment returns.
The KFBS Private Equity Fund
Lunched in 2007, the fund is the first and only student-run fund associated with a leading US business school that seeks to provide real returns to its limited partners. The fund currently has more than $4.4 million of committed capital under management.
The KFBS Global Perspectives Fund
Created to promote the education of current and future MBA students in investment decision making. The Fund supplements a Finance curriculum with co-operative, experiential learning which develops skills in security selection, portfolio and risk management, economic analysis, and investment communication. The Fund seeks to invest capital to provide practical education to students and to provide funds to maintain and improve the Investment Management curriculum..
UNC Kenan-Flagler participates in many organizations and events to recruit minority and female students.
These efforts include membership to:
Kenan-Flagler organizes and/or participates in the following events and organizations:
Consortium for Graduate Study in Management
The mission of The Consortium for Graduate Study in Management, an alliance of leading American business schools and some of our country’s top corporations, is to enhance diversity in business education and leadership by helping to reduce the serious under representation of African-Americans, Hispanic-Americans and Native Americans in both our member schools’ enrollments and the ranks of management. The organization strives to achieve this mission by recruiting for graduate business education qualified U.S. citizens and U.S. permanent residents from these underrepresented groups, as well as other persons who can demonstrate a commitment to The Consortium’s mission and can best assist The Consortium in pursuing this mission. The organization and scholarship are open to U.S. citizens and permanent residents who can demonstrate a commitment to the Consortium’s mission.
The Forté Foundation
The Forté Foundation is an organization of top business schools and corporations whose mission is to increase the number of women in business. Each year, Forté Scholars are selected based on exemplary leadership and achievement. Scholars participate fully in the Forté Scholars programs. No separate application is required to be considered at UNC.
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
at the University of North Carolina at Chapel Hill
University of North Carolina at Chapel Hill
The University of North Carolina at Chapel Hill is a public research university located in Chapel Hill, North Carolina, United States...
. The school offers a Bachelor of Science in Business Administration, 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), MBA for Executives, Master of Accounting, Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
, a business certificate program, as well as many executive education programs.
History
Established in 1919 as the Department of Commerce of UNC Chapel Hill's College of Arts, the School was renamed the Kenan-Flagler Business School in 1991 to honor two prominent American business families and benefactors of the School: philanthropist Mary Lily Kenan Flagler and her husband, Henry Morrison Flagler. The renaming was in recognition of a generous gift from Frank Hawkins Kenan, another Kenan family member and benefactor of the School's Frank Hawkins Kenan Institute of Private Enterprise.In 1997, the McColl Building opened at Kenan-Flagler to complete today's campus. With 191,000 square feet (17,700 m2), Hugh McColl's namesake has more than tripled the space that the school occupied at Carroll Hall.
The Kenan and Flagler Families
Mary Lily's brother, William R. Kenan Jr., discovered acetylene gas, which led to the creation of Union Carbide. Her husband, Henry Morrison Flagler
Henry Morrison Flagler
Henry Morrison Flagler was an American tycoon, real estate promoter, railroad developer and partner of John D. Rockefeller in Standard Oil. He was a key figure in the development of the eastern coast of Florida along the Atlantic Ocean and was founder of what became the Florida East Coast Railway...
co-founded the Standard Oil Co. with John D. Rockefeller
John D. Rockefeller
John Davison Rockefeller was an American oil industrialist, investor, and philanthropist. He was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. Rockefeller revolutionized the petroleum industry and defined the structure of...
and is responsible for the development of Florida's eastern coast. Prior to his arrival in Florida, the state was virtually inaccessible except by ship. Flagler founded what eventually became known as the Flagler System Companies made up of railroad, shipping, real estate, and hotel development and utility companies. The system's flagship was the famous Breakers Hotel
Breakers Hotel
The Breakers Hotel is an historic hotel in Palm Beach, Florida, United States. First known as The Palm Beach Inn, it was opened on January 16, 1896 by Henry Flagler, an oil, real estate and railroad tycoon, to accommodate travelers on his Florida East Coast Railway...
in Palm Beach.
In the 1790s, Mary Lily's great-great-grandfather, James Kenan, served on UNC's first board of trustees and contributed to the construction of Old East, the oldest public university building in the United States. Mary Lily's maternal great-great-grandfather, Christopher Barbee, donated more than 200 acre (0.809372 km²) of his Orange County farm to the University, then about one-fifth of the campus.
Gifts to the University by the Kenan family total some $50 million to date and include such buildings as Kenan Stadium and the Kenan Center. The William R. Kenan Jr. Charitable Trust contributed $10 million to the Bicentennial Campaign for UNC to be used for the Kenan-Flagler Business School's new state-of-the-art building, $10 million for the Paul J. Rizzo Conference Center at Meadowmont, and $1 million for the Center for Entrepreneurship and Technology Venturing.
Programs
Kenan-Flagler offers its students five MBA degree programs.- Full Time MBA
- OneMBA (Global) MBA for Executives
- Evening MBA for Executives
- Weekend MBA for Executives
- MBA@UNC
Rankings
MBA Full-time Program Rankings (additional to chart)- Beyond Grey Pinstripes (Aspen Institute): 7th in the United States
- PrivateEquityBlogger.com: 5th of the best business schools for private equity
- Princeton Review and Entrepreneur: 20 for graduate programs and 24 for college programs in entrepreneurship
- QS Global 200 Business Schools ReportQS Global 200 Business Schools ReportThe QS Global 200 Business Schools Report identifies the most popular business schools in each region of the world. It aims to serve employers seeking MBAs at a regional level. It originated in the early 1990s under the partnership Quacquarelli Symonds. The TopMBA Career Guide was made in 1990, and...
: 20 in North America, 17 in the United States
MBA for Executives Programs
- The Wall Street Journal ranked the Weekend Program: 10
- Bloomberg BusinessWeek for the Weekend Program: 11
- Financial TimesFinancial TimesThe 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....
ranked OneMBA: 22
MAC Program (Master of Accounting)
- Public of Accounting Report: 7
Executive Development (Non-Degree Programs)
- Financial TimesFinancial TimesThe 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....
: 29 for custom programs:
Faculty
UNC Kenan-Flagler professors are immersed in the challenges of the business world through their research and teaching. They engage with executives when teaching in the MBA for Executives and Executive Development Programs, and consult with organizations around the globe. Their background is firmly rooted in academic excellence, coming from the world’s top universities, and professional experience:- 42 percent have corporate experience
- 10 percent serve on company boards
- 15 percent have owned their own businesses
The faculty’s global perspective stems from their research, their engagement in the world and their roots. They come to UNC from Australia, Austria, Brazil, Canada, China, Greece, India, Ireland, Italy, Spain, Thailand, Turkey, the Netherlands, the United Kingdom, the United States and Vietnam.
Curriculum
UNC Kenan-Flagler’s MBA degree program requires 63.0 credit hours and leverages a variety of learning environments and methodologies, including:- Case-study method
- Interactive lecture
- Small group activities
- Live simulation
- Real-world business partnerships
The MBA classes are designed with help from the school's corporate advisory boards. The classes will challenge and develop students in 3 areas recruiters say are essential for a student's career success:
- Asking the right questions and thinking like a general manager
- Working effectively as a leader and member of teams
- Speaking to groups and presenting the student's ideas persuasively
National Case Competitions
Case competitions are the varsity sport of MBA programs. Graduate schools and corporations sponsor these contests where students compete to solve "real world" business problems. Kenan-Flagler hosts three nationally acclaimed case competitions.UNC Kenan-Flagler Sponsored Case Competitions
Venture Capital Investment Competition (VCIC)
The premier event for graduate students pursuing careers as entrepreneurs and venture capitalists. Founded at UNC Kenan-Flagler, it is part of the school’s top ranked program for entrepreneurs. VCIC gives students great experience playing the role of venture capitalists to assess real companies. www.vcic.org. 'VCIC wiki
Venture Capital Investment Competition
The Venture Capital Investment Competition is an entrepreneurial education program developed and coordinated by the University of North Carolina's Kenan-Flagler Business School.-History:...
.'
UNC Kenan-Flagler Real Estate Development Challenge
It was founded by the Center for Real Estate Development as an invitation-only event.
The Evergreen Investments Alpha Challenge
This competition is the premier MBA event in the investment management industry. MBA teams from schools worldwide compete on popular hedge fund trading strategies.
Student-Run Funds
UNC Kenan-Flagler’s three student-run funds give students the unique opportunity to apply the expertise they gain in the classroom to solving real-time business challenges.The KFBS Real Estate Fund I, LP
Established in 2007 with two objectives in mind – education and the achievement of potential investment returns.
The KFBS Private Equity Fund
Lunched in 2007, the fund is the first and only student-run fund associated with a leading US business school that seeks to provide real returns to its limited partners. The fund currently has more than $4.4 million of committed capital under management.
The KFBS Global Perspectives Fund
Created to promote the education of current and future MBA students in investment decision making. The Fund supplements a Finance curriculum with co-operative, experiential learning which develops skills in security selection, portfolio and risk management, economic analysis, and investment communication. The Fund seeks to invest capital to provide practical education to students and to provide funds to maintain and improve the Investment Management curriculum..
Diversity at Kenan-Flagler
UNC MBA students represent an array of races, gender, geography, cultures and lifestyles. They enroll with a broad range of functional and industry experience and pursue careers across a wide spectrum of opportunity.UNC Kenan-Flagler participates in many organizations and events to recruit minority and female students.
These efforts include membership to:
- Consortium for Graduate Study in Management
- Management Leadership for Tomorrow
- Forté Foundation
Kenan-Flagler organizes and/or participates in the following events and organizations:
- Inside Kenan-Flagler (preview weekend for pre-screened minority MBA prospects)
- Minority-themed online chats and discussion groups
- Minority-themed CRM (customer/client relationship management) email campaign
- National Black MBA AssociationNational Black MBA AssociationThe National Black MBA Association is a non‐profit organization founded in 1970 at the University of Chicago, dedicated to the enhancement and development of educational and economic empowerment for African Americans. Like‐minded professionals and students are able to share common experiences,...
(conference participation and print media) - National Society of Hispanic MBAsNational Society of Hispanic MBAsThe National Society of Hispanic MBAs, usually abbreviated as NSHMBA and pronounced "nashimba" was created in 1988 as a 501 organization that "exists to foster Hispanic leadership through graduate management education and professional development...
(conference participation and print media) - Collaboration with UNC Kenan-Flagler student organizations
- Sponsor of Forté Career Lab for undergraduate women
Consortium for Graduate Study in Management
The mission of The Consortium for Graduate Study in Management, an alliance of leading American business schools and some of our country’s top corporations, is to enhance diversity in business education and leadership by helping to reduce the serious under representation of African-Americans, Hispanic-Americans and Native Americans in both our member schools’ enrollments and the ranks of management. The organization strives to achieve this mission by recruiting for graduate business education qualified U.S. citizens and U.S. permanent residents from these underrepresented groups, as well as other persons who can demonstrate a commitment to The Consortium’s mission and can best assist The Consortium in pursuing this mission. The organization and scholarship are open to U.S. citizens and permanent residents who can demonstrate a commitment to the Consortium’s mission.
The Forté Foundation
The Forté Foundation is an organization of top business schools and corporations whose mission is to increase the number of women in business. Each year, Forté Scholars are selected based on exemplary leadership and achievement. Scholars participate fully in the Forté Scholars programs. No separate application is required to be considered at UNC.
Prominent Alumni
- Gary ParrGary ParrGary W. Parr is currently the Deputy Chairman of Lazard Frères and has been with the company since 2003. For over 25 years, he has focused on providing strategic advice to financial institutions and has brokered many of the largest transactions of the subprime mortgage crisis...
(BSBA '79), Deputy Chairman, Lazard Frères & Co. - Michele Buck (MBA '87), Global Chief Marketing Officer, The Hershey CompanyThe Hershey CompanyThe Hershey Company, known until April 2005 as the Hershey Foods Corporation and commonly called Hershey's, is the largest chocolate manufacturer in North America. Its headquarters are in Hershey, Pennsylvania, which is also home to Hershey's Chocolate World. It was founded by Milton S...
- Claire Babrowski (EMBA '95), Executive Vice President and COO of Toys “R” Us
- Brent Callinicos (BSBA '87, MBA '89), Vice President and Treasurer, GoogleGoogleGoogle Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
- Donna Dean (MBA '78), Chief Investment Officer, The Rockefeller Foundation
- Paul Fulton (BSBA ‘57), President, Bassett Furniture Industries; former President of Sara Lee Corporation; Former Dean, UNC Kenan-Flagler
- Charles Loudermilk (BSBA '50), President and CEO, Aaron Rents, Inc.
- Hugh McCollHugh McCollHugh 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...
Jr. (BSBA '57), Former Chairman and CEO, Bank of America Corporation - John G. Medlin Jr. (BSBA '56), Chairman Emeritus, Wachovia Corporation
- Paul Rizzo (BSBA ’50), Chairman, Franklin Street Partners; Former Vice Chairman of the Board of IBM Corporation; Former Dean, UNC Kenan-Flagler
- Julian RobertsonJulian RobertsonJulian H. Robertson Jr., KNZM is an American former hedge fund manager. Now retired, Robertson invests directly in other hedge funds, most run by former employees of Robertson's defunct hedge fund company....
(BSBA '55), Chairman, Tiger Management Corporation - C. Dixon Spangler, Jr. (BSBA '54), President Emeritus, University of North Carolina System; President and CEO, C. D. Spangler Construction
- Erskine BowlesErskine BowlesErskine Boyce Bowles is an American businessman and political figure from North Carolina. He served from 2005 to 2010 as the President of the University of North Carolina system...
(BSBA '67), President, University of North Carolina System; former White House Chief of Staff; former head of Small Business Administration; former U.N. deputy envoy for tsunami relief - Tucker York, Partner Goldman SachsGoldman SachsThe Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
(BSBA at UNC Kenan-Flagler) - Charles SullivanCharles SullivanCharles Sullivan may refer to:*Charles Sullivan , American jazz trumpeter*Charles F. Sullivan, Lieutenant Governor for the Commonwealth of Massachusetts, 1949–1953...
, COO Prologis (MBA at UNC Kenan-Flagler) - John A. Allison IVJohn A. Allison IVJohn Allison was born on August 14, 1948, in Charlotte, North Carolina. He began his career with BB&T in 1971 following his graduation from the University of North Carolina with a degree in business administration...
, Chairman and Former CEO of BB&TBB&TBB&T Corporation is an American bank with assets of $157 billion , offering full-service commercial and retail banking services along with other financial services like insurance, investments, retail brokerage, mortgage, corporate finance, consumer finance, payment services, international...
(BSBA at UNC Kenan-Flagler) - Mercer ReynoldsMercer ReynoldsMercer "Merce" Reynolds III is an American businessman. He was the finance chair of U.S. President George W. Bush's presidential campaign.-Education and early career:...
: Businessman, Finance chair of George W. Bush's Presidential campaign. - Jorge Goldsmit, MBA 2000, president, Eat, Inc.
- Dwight Smith, MBA 1984, vice president, North American MDL, Procter & GambleProcter & GambleProcter & Gamble is a Fortune 500 American multinational corporation headquartered in downtown Cincinnati, Ohio and manufactures a wide range of consumer goods....
- Stephen HarrisStephen HarrisStephen Harris may refer to:* Stephen Harris , British painter* Stephen Harris , British record producer* Stephen Harris, musician, also known as Kid Chaos and Haggis...
, MBA 1998, chief financial officer, United American Healthcare - Melvin Speight, MBA 2006, assistant vice chancellor, North Carolina A&T State University
- Luis DeAnda Dabrowski, MBA 1997, chief executive officer, Grupo Agregados Y Parvimentos
- Thomas RobertsThomas RobertsThomas Roberts may refer to:*Sir Thomas Roberts, 4th Baronet , English MP*Tom Roberts , Australian artist*Tom Roberts , director of the film In Transit*Thomas Roberts , American news anchor...
, MBA 2001, chief executive officer and founder, Great Student Network - Toshiyasu Iiyama, MBA 1993, chief executive officer and president, Nomura International, LTD
- Phil Wynn, MBA 1989, former president, Durham Technical Community CollegeDurham Technical Community CollegeDurham Technical Community College is a public two-year accredited institution of higher education and technical training school located in Durham, North Carolina, USA. Durham Tech's main campus is near to downtown Durham, Research Triangle Park, and Raleigh-Durham International Airport...
; current vice president for Durham and regional affairs, DukeDukeA duke or duchess is a member of the nobility, historically of highest rank below the monarch, and historically controlling a duchy...
See also
- Carolina Business InstituteCarolina Business InstituteThe Carolina Business Institute is a professional development program engineered through a collaboration between the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill and the William and Ida Friday Center for Continuing Education.- Curriculum :Subjects taught include...
- a professional development program co-sponsored by the Kenan-Flagler Business School. - List of United States business school rankings
- List of business schools in the United States
- GLOBE-A double exchange program for undergraduate students between the Kenan-Flagler Business School, Copenhagen Business School, and the Chinese University of Hong Kong
- Venture Capital Investment CompetitionVenture Capital Investment CompetitionThe Venture Capital Investment Competition is an entrepreneurial education program developed and coordinated by the University of North Carolina's Kenan-Flagler Business School.-History:...