Robert H. Smith School of Business
Encyclopedia
The Robert H. Smith School of Business is a school of business management within the University of Maryland, College Park
. The school was named after alumnus Robert H. Smith
(Accounting 1950). One of 12 colleges and schools at the university's main campus, the Smith School offers programs at both the graduate and undergraduate levels, including bachelor's degree
s, full-time and part-time Master of Business Administration
(MBA) degrees, MS degrees, Executive MBA degrees, Ph.D.
s, and executive education outreach programs to the corporate community. Undergraduate degrees are offered in accounting, finance
, information systems
, international business
, supply chain management
, marketing
, general business
and operations management
. The University of Maryland's Smith School of Business is accredited by AACSB International - The Association to Advance Collegiate Schools of Business, the premier accrediting agency for bachelor's, master's and doctoral degree programs in business administration and accounting. G. "Anand" Anandalingam was named dean of the Smith School in July 2008.
chair and CEO of the Henley Group gives a $2 million gift to create the Dingman Center for Entrepreneurship.
Globalization of course content
At the MBA level, every student is required to take at least two courses focusing squarely on different facets of globalization: a required course on “global economic environment,” and an elective course from a set of highly relevant courses on globalization (such as “global supply chain management,” and “international economics for managers).
Globalization of experience
At the MBA level, Smith’s 10-day study abroad programs provide candidates opportunities to meet with executives, visit multinational organizations, and enjoy cultural and social events while earning academic credit. Past courses have covered alternative fuels in Brazil, agricultural exports in Chile and the emerging stock exchanges in India and China. Smith students have participated in courses in India, China, Dubai/Tunisia, France, the Czech Republic, Spain, Chile, Brazil, and Argentina. At the undergraduate level, the multi-pronged Undergraduate Fellows Program offers students opportunities for foreign study trips through the BMGT Honors track, the International Business track, and the Global Opportunities track.
Globalization of student/alumni base
The Smith School is pursuing globalization on this dimension via two channels: globalization of the student body at the home base (College Park) and a targeted globalization of the school’s EMBA program and non-degree executive education to selected locations in Asia and Europe.
Globalization of research
The faculty at the Smith School does outstanding research that is both international in nature and that has global implications. The Center for International Business Education and Research (CIBER) plays an important role in fostering research on global business issues through a number of research and travel awards as well as best paper certificates.
MBA/JD Degree (Juris Doctor)
MBA/MS Degree (Master of Science in Business Administration: Finance or Accounting)
MBA/MPP Degree (Master of Public Policy)
MBA/MSW Degree (Master of Social Work)
Female: 29%
International: 35%
Married: N/A
Ethnicity/US Students in Program:
African American: 7%
Asian American: 18%
Hispanic or Latino American: 4%
Multiethnic/Multiracial : 0%
Native American: 0%
White (Non-Hispanic: 71%
Chose not to report: 0%
Students from following regions:
Africa: 2%
Asia: 22%
Eastern Europe and Central Asia: 9%
Latin America and the Caribbean: 3%
Middle East: 2%
North America: 60%
Oceania: 0%
Western Europe: 2%
Percentage of students with dual citizenship: N/A
Entering North American citizens by region:
Northeast: 9%
Mid-Atlantic: 81%
South: 1%
Southwest: 0%
Midwest: 3%
West: 6%
Mean months of work experience of newest entering class: 56
Median months of work experience of newest entering class: 48
announced a $12 million PhD program initiative. The initiative — one of the most ambitious in the United States
— increases annual doctoral stipends by 45 percent to $32,500 and provides research and travel support.
The school is in a midst of an ongoing capital campaign to raise $100 million by 2012. The main priorities is to integrate business with globalization
, entrepreneurship
, innovation
and technology—the key drivers of business today—to advance business knowledge and to prepare students for the technology-driven global marketplace
University of Maryland, College Park
The University of Maryland, College Park is a top-ranked public research university located in the city of College Park in Prince George's County, Maryland, just outside Washington, D.C...
. The school was named after alumnus Robert H. Smith
Robert H. Smith
Robert Hilton Smith was a successful builder-developer, and philanthropist.-Business:...
(Accounting 1950). One of 12 colleges and schools at the university's main campus, the Smith School offers programs at both the graduate and undergraduate levels, including bachelor's degree
Bachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...
s, full-time and part-time 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) degrees, MS degrees, Executive MBA degrees, 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...
s, and executive education outreach programs to the corporate community. Undergraduate degrees are offered in accounting, finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, information systems
Information systems
Information Systems is an academic/professional discipline bridging the business field and the well-defined computer science field that is evolving toward a new scientific area of study...
, international business
International Business
International business is a term used to collectively describe all commercial transactions that take place between two or more regions, countries and nations beyond their political boundary...
, supply chain management
Supply chain management
Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers...
, marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
, general business
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
and operations management
Operations management
Operations management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and...
. The University of Maryland's Smith School of Business is accredited by AACSB International - The Association to Advance Collegiate Schools of Business, the premier accrediting agency for bachelor's, master's and doctoral degree programs in business administration and accounting. G. "Anand" Anandalingam was named dean of the Smith School in July 2008.
Location
The Robert H. Smith School of Business is a part of the University of Maryland, located in College Park, MD, just outside of Washington, D.C. The school also has a presence at Shady Grove, Baltimore, as well as the Reagan International Building in Washington, D.C.1921
The University of Maryland's Department of Economic/Business Administration opens its doors to 394 students for the first time.1940
The College of Commerce joins the American Assembly of Collegiate Schools of Business (AACSB), then the national accredity agency, and the undergraduate business program is accredited.1966
The doctoral program is established with two candidates for the degree of Doctor of Business Administration.1975
In response to the needs of the professional community, the College Park Part-time MBA Program begins.1987
Michael D. DingmanMichael D. Dingman
Michael David Dingman is an international investor, businessman and philanthropist recognized for revitalizing companies and bringing entrepreneurial skills and structure to emerging economies...
chair and CEO of the Henley Group gives a $2 million gift to create the Dingman Center for Entrepreneurship.
1992
Leo Van Munching, Jr. '50 business school alumnus and president of the company holding exclusive franchise to import and distribute Heineken and Amstel Light beer, donates $5 million toward the construction of the college's new home, Van Munching Hall.Departments
- Accounting & Information Assurance
- Decision, Operations & Information Technologies
- Finance
- Logistics, Business & Public Policy
- Management & Organization
- Marketing
Globalization
Smith School views globalization as a multi-dimensional mission:Globalization of course content
At the MBA level, every student is required to take at least two courses focusing squarely on different facets of globalization: a required course on “global economic environment,” and an elective course from a set of highly relevant courses on globalization (such as “global supply chain management,” and “international economics for managers).
Globalization of experience
At the MBA level, Smith’s 10-day study abroad programs provide candidates opportunities to meet with executives, visit multinational organizations, and enjoy cultural and social events while earning academic credit. Past courses have covered alternative fuels in Brazil, agricultural exports in Chile and the emerging stock exchanges in India and China. Smith students have participated in courses in India, China, Dubai/Tunisia, France, the Czech Republic, Spain, Chile, Brazil, and Argentina. At the undergraduate level, the multi-pronged Undergraduate Fellows Program offers students opportunities for foreign study trips through the BMGT Honors track, the International Business track, and the Global Opportunities track.
Globalization of student/alumni base
The Smith School is pursuing globalization on this dimension via two channels: globalization of the student body at the home base (College Park) and a targeted globalization of the school’s EMBA program and non-degree executive education to selected locations in Asia and Europe.
Globalization of research
The faculty at the Smith School does outstanding research that is both international in nature and that has global implications. The Center for International Business Education and Research (CIBER) plays an important role in fostering research on global business issues through a number of research and travel awards as well as best paper certificates.
Entrepreneurship
With the Smith School's Dingman Center for Entrepreneurship serving as the hub, the entrepreneurship program covers a wide variety of entrepreneurial subjects, including social responsibility. Coursework is reinforced by co-curricular learning and mentoring, faculty research projects, hosted events, business plan competitions, and professional organizations. The Center offers the following programs:- Pitch Dingman - A monthly opportunity to pitch a business idea for a $2,500 grand prize
- Capital Access Network - For start-up organizations to connect with Angel Investors
- Dingman Jumpstart - Two week intensive program to launch a business
- Tech Transfer - Technology commercialization with partnership of MTech & the Office of Technology Commercialization
- Global Reach - China Business Plan Competition and other global entrepreneurial activities
- Legal Office Hours - Free legal business advice from leading local attorneys
Dual Degrees
MBA students may earn the following dual degrees. Application and coursework requirements may vary by program.MBA/JD Degree (Juris Doctor)
MBA/MS Degree (Master of Science in Business Administration: Finance or Accounting)
MBA/MPP Degree (Master of Public Policy)
MBA/MSW Degree (Master of Social Work)
Rankings
The Smith School’s strengths in both academics and research are reflected in its rankings and other accolades. The BusinessWeek ranks the school's full-time MBA program as "Top 30 Programs" in the U.S. The Financial Times also ranks the school’s full-time MBA program #18 in the U.S. (2011) For part-time MBA program, it is ranked among the nation’s best and is annually rated the best in the Washington, D.C.–Baltimore region by U.S.News & World Report http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-business-schools/rankings.Class Profile
General Class ProfileFemale: 29%
International: 35%
Married: N/A
Ethnicity/US Students in Program:
African American: 7%
Asian American: 18%
Hispanic or Latino American: 4%
Multiethnic/Multiracial : 0%
Native American: 0%
White (Non-Hispanic: 71%
Chose not to report: 0%
Students from following regions:
Africa: 2%
Asia: 22%
Eastern Europe and Central Asia: 9%
Latin America and the Caribbean: 3%
Middle East: 2%
North America: 60%
Oceania: 0%
Western Europe: 2%
Percentage of students with dual citizenship: N/A
Entering North American citizens by region:
Northeast: 9%
Mid-Atlantic: 81%
South: 1%
Southwest: 0%
Midwest: 3%
West: 6%
Mean months of work experience of newest entering class: 56
Median months of work experience of newest entering class: 48
Research
- Dingman Center for Entrepreneurship: Founded in 1986, the Dingman Center for Entrepreneurship is a top-tier entrepreneurial institute recognized around the world as a leader in enterprise creation. Forward looking and community focused, the Center actively encourages a real-world business culture that innovatively bridges the theoretical with the practical. http://www.rhsmith.umd.edu/dingman
- Center for International Business Education and Research (CIBER): The Smith CIBER was established on July 1, 2006 and is designed to be a national resource center for teaching, research and outreach in international business and related fields. It was funded with a $1.42 million, four-year grant from the U.S. Department of Education and 100% matching funds from the Smith School and University of Maryland. The overarching purpose of the CIBER Program is to enhance the international competitiveness of American business. http://www.rhsmith.umd.edu/ciber
- Center for Digital Thought and Strategy (DIGITS): Digital technologies have made possible new markets and business models. Understanding the factors associated with the success or failure of these new models is the key to leveraging the power of digitization and IT within organizations and markets. Center for Digital Thought & Strategy (DIGITS) is at the forefront in understanding the impact of the digital technologies across industries. http://www.rhsmith.umd.edu/digits
- Center for Excellence in Service: The Service Sciences, Management and Engineering (SSME) initiative combines computer science, operations research, industrial engineering, business strategy, management sciences, social and cognitive sciences, and legal sciences to enhance the services-driven economy. http://www.rhsmith.umd.edu/ces
- Center for Health and Information Decision Systems (CHIDS):CHIDS is an academic research center with collaboration from industry and government affiliates, and is designed to research, analyze, and recommend solutions to challenges surrounding the introduction and integration of information and decision technologies into the health care system.
- Center for Leadership, Innovation and Change (CLIC): CLIC is focused on producing vanguard research and programs and related activities that are instrumental in fostering effective leadership, building organizational capabilities that support and promote effective innovation and change, and promoting social stewardship in organizations. Through its exceptional research capabilities and related programs, activities, and events that advance leadership practice and strategy of connecting research and practice on leadership, the Center serves a broad audience of executives, managers, scholars, instructors, students, and alumni, while also seeking their input. http://www.rhsmith.umd.edu/clic
- Supply Chain Management Center: The Supply Chain Management Center strives to integrate the leading edge business practices and technologies of the real-time supply chain into the undergraduate and graduate programs in Supply Chain Management at the Smith School. SCMC is also committed to a research agenda in the newly emerging areas in the field. http://www.rhsmith.umd.edu/scmc
- Center for Complexity in Business: The past ten years have witnessed an explosion in the field of Complexity as the availability of cheap computational power has allowed researchers and practitioners to successfully apply complex systems methods to analyze previously intractable problems. At exactly the same time, important trends, such as globalization and rapid advances in Internet and communications technologies have rendered business systems more complex and unpredictable than ever. The Center for Complexity in Business is focused on the application of complex systems to business problems and thus attempts to simplify the business systems. http://www.rhsmith.umd.edu/ccb
- Center for Social Value Creation: In today’s volatile and evolving business landscape, social impact is playing a critical role in determining how organizations operate, are funded and ultimately succeed. The Center for Social Value Creation through its engaging curriculum, real-world field experience, cutting-edge research, and targeted career planning, immerses students in complex and dynamic marketplaces where creative vision and thoughtful entrepreneurship to tackle some of society’s most critical environmental and humanitarian needs. http://www.rhsmith.umd.edu/svc
- Center for Financial Policy: The speed at which the current financial crisis unfolded, as well as its financial and global impact heightens the need for a broader, interdisciplinary perspective to addressing financial policy and corporate governance issues. The mission of the Center of Financial Policy is to develop thought leadership in financial policy that impacts corporate performance, capital allocation and the stability of the global financial system. http://www.rhsmith.umd.edu/cfp
Student Clubs and Organizations (MBA Program)
At the Robert H. Smith school of Business, full-time MBA students are actively involved in a number of academic, professional and social activities, through participation in events and initiatives managed by the MBA Association (MBAA). The MBAA also coordinates multiple student-run groups, which in turn host multiple such events throughout the school year. Each of these clubs host multiple events that are aimed at both, the career development of students, and community development at Smith.Office of Career Services (OCS)
The Office of Career Services staff is available for a variety of career related services (i.e. cover letters, resumes, interviewing preparation) and workshops (i.e. company information seesions and networking workshops). The OCS also tracks the career statistics of current and former Smith students. Their services are available to currently enrolled students as well as alumni.Development
In 2006, The Robert H. Smith School of Business at the University of Maryland, College ParkUniversity of Maryland, College Park
The University of Maryland, College Park is a top-ranked public research university located in the city of College Park in Prince George's County, Maryland, just outside Washington, D.C...
announced a $12 million PhD program initiative. The initiative — one of the most ambitious in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
— increases annual doctoral stipends by 45 percent to $32,500 and provides research and travel support.
The school is in a midst of an ongoing capital campaign to raise $100 million by 2012. The main priorities is to integrate business with globalization
Globalization
Globalization refers to the increasingly global relationships of culture, people and economic activity. Most often, it refers to economics: the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import...
, entrepreneurship
Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
, innovation
Innovation
Innovation is the creation of better or more effective products, processes, technologies, or ideas that are accepted by markets, governments, and society...
and technology—the key drivers of business today—to advance business knowledge and to prepare students for the technology-driven global marketplace
Alumni
- Eric Billings, Chairman/Founder of FBR Capital Markets, Chairman and CEO of Arlington Asset Investment Corp
- Larry DavidLarry DavidLawrence Gene "Larry" David is an American actor, writer, comedian and producer. He is best known as the co-creator , head writer, and executive producer of the television series Seinfeld from 1989 to 1996, and for creating the 1999 HBO series Curb Your Enthusiasm, a partially improvised sitcom in...
Actor, Writer and Producer ("Curb Your Enthusiasm" & "Seinfeld") - Paul T. Dell'Isola, Managing Director & Head of Capital Markets Sales at FBR Capital Markets
- Carly FiorinaCarly FiorinaCarly Fiorina is an American business executive and a former Republican candidate for the United States Senate representing California. Fiorina served as chief executive officer of Hewlett-Packard from 1999 to 2005 and previously was an executive at AT&T and its equipment and technology spinoff,...
, Businesswoman, Former Chair and Chief Executive Officer of Hewlett-Packard - David Goldfarb '79, Chief Financial Officer and a Managing Director of Lehman Bros
- Kevin PlankKevin PlankKevin A. Plank is an American CEO and founder of Under Armour, Inc., a leading manufacturer of sports performance apparel, footwear and accessories based in Baltimore, Maryland, United States.-Early life:...
'96, Founder of athletic apparel line Under ArmourUnder ArmourUnder Armour is an American sports clothing and accessories company. The company is a supplier of a wide range of sportswear and casual apparel mainly focusing on hi-tech sportswear for professional athletes... - James E. Rudolph, Jr., Business Development Director of the Clinical Diagnostics Division - GEGêGê are the people who spoke Ge languages of the northern South American Caribbean coast and Brazil. In Brazil the Gê were found in Rio de Janeiro, Minas Gerais, Bahia, Piaui, Mato Grosso, Goias, Tocantins, Maranhão, and as far south as Paraguay....
Healthcare Bio-Sciences Corporation - Richard Schaeffer, Chairman of NYMEX
- Neal Shear, Global Head of Securities, UBS
- Jigar Shah, CEO of Carbon War Room, former CEO of SunEdison
- Gary WilliamsGary WilliamsGary B. Williams is an American university administrator and former college basketball coach. He served as the head coach at the University of Maryland, Ohio State University, Boston College, and American University. In 2002, he led Maryland to the NCAA Tournament Championship...
'68, Head Coach of University of Maryland Men's Basketball - Donta' L. Wilson MBA '05, President of BB&T Bank of Alabama and Group/State President of parts of Georgia and Florida , Co-Founder of WCM Inc., and Nationally Requested Motivational Speaker.
See also
- List of United States business school rankings
- List of business schools in the United States