22. Georgetown University’s McDonough School of Business
Georgetown University’s McDonough School of BusinessRafik B. Hariri Building
37th and O Streets, NW
Washington, D.C., 20057
Admissions: (202) 687-4200
Admission Deadlines for Class of 2015:
Round One: 10/15/12
Round Two: 1/5/13
Round Three: 4/1/13
Georgetown’s full-time MBA Program yields a general management degree that provides students with the functional knowledge and intellectual skills to manage and lead an organization. Each incoming class is divided into cohorts of approximately 60 students who share core classes and student activities.
In the fall semester of the first year, students take a number of core courses, ranging from financial accounting and applied business statistics to organizational behavior and management communication. In the spring of the first year, students begin to tailor the curriculum to their interests and professional goals by taking elective courses in addition to core. Throughout the second year, student coursework is almost entirely made up of electives.
In addition to regular coursework, students complete four residencies—intensive, week-long courses that challenge students to put their learning to work in simulated and real-world business experiences. During one residency, the Global Residency, student consulting teams tackle a problem for real-world international corporations and travel abroad to present their work to the client’s senior leadership.
In 2011, the McDonough School welcomed a new, dynamic dean from Harvard Business School, David Thomas, who had directed Harvard’s organizational behavior group. Thomas seems likely to give the school greater prominence and visibility, and he has the brand and resources to make that happen.
Latest Up-To-Date MBA Rankings:
With three of the five major rankings giving Georgetown’s McDonough School a boost in 2012, McDonough moved up one notch on the Poets&Quants’ list to place 22nd among all U.S. full-time MBA programs.The biggest gain came from The Economist this year which gave the school a rank of 23, up four places from 27 a year earlier. The improvement was even greater on the overall global list. The Economist had McDonough up nine spots to 35th in the world. U.S. News & World Report ranked McDonough 24th this year, up one place from 25th in 2011.
The most notable increase arguably came from Bloomberg BusinessWeek, which largely ranks schools on the basis of graduate and corporate recruiter satisfaction. BusinessWeek placed McDonough 30th, up three places from 33 in 2010, the last time the magazine ranked full-time MBA programs. The improvement was due to much better corporate recruiter scores. BW ranked the school 35th on the recruiter portion of its methodology, up 13 places from 2010. McDonough actually had a slight decline in BW’s graduate satisfaction survey, slipping to 27 from 23, but the difference in those two ranks is minuscule given out closely clustered together the scores are.
As one very satisfied graduate in the Class of 2012 told BW: “Georgetown is a mid-size B-school that operates with the energy and reach of a large b-school and the personal connections and relationships of a smaller one. The people are amazing, everyone knows everyone else, and diversity is both welcomed and encouraged. Unlike other b-schools, Georgetown truly is a home away from home. It’s not work to be there; it’s a joy.”
Forbes, which ranks schools on a biennial basis, did not come out with a new ranking in 2012, but ranked McDonough 35th among the best U.S. MBA programs in 2011. So the only party spoiler was The Financial Times. McDonough slipped two places to 19th among U.S. schools in the FT survey, down from 17th in 2011.
MBA Program Consideration Set:
Tuition & Fees: $103,772
Recommended Two-Year Budget: $153,880
Average GMAT: 683
GMAT Range (mid-80%): 640-730
Average GPA: 3.34
GPA Range (mid-80%): 2.88-3.81
Acceptance Rate: 49%
Full-Time MBA Enrollment: 506
Minority – 26%
Mean Age: 28
Age Range: 22-45
Top 5 Feeder Colleges:
University of Virginia
George Washington University
University of Southern California
Average Base Salary: $99,799
Average Signing Bonus: $24,071
Percentage of Class of 2012 MBAs with Job Offers at Graduation: 76%
Percentage of Class of 2012 MBAs with Job Offers Three Months Later: 92%
Estimate of Total Pay over a 20-Year Career: $2,570,392 (only 18 other U.S. business schools have higher career pay totals).
Where The Class of 2012 Went To Work:
Financial Services — 24%
Consulting — 21%
Technology — 8%
Top Employers of Class of 2012:
American Express 5
Bank of America/Merrill Lynch 5
Notes: MBA Program Consideration Set: If you believe you’re a close match to this school–based on your GMAT and GPA scores, your age and work experience, you should look at these other competitive full-time MBA programs as well. We list them by stretch, match and safety. These options are presented on the basis of brand image and ranking status.
* Payscale study for Bloomberg BusinessWeek.
FROM THE MCDONOUGH SCHOOL:
Georgetown University’s McDonough School of Business is a premier business school located at the center of world business and policy in Washington, D.C. Some 1,400 undergraduates, 1,000 MBA students, and 1,200 participants in executive education programs study business with an intensive focus on leadership and a global perspective. The school aims to provide a transformational educational experience, preparing students to become principled leaders with a global mindset and to be in service to business and society.
For more than 50 years, the McDonough School has been preparing the business world’s most respected leaders. Our rigorous curricula, diverse community, vibrant location, and commitment to ethics come together to create a unique educational experience.
Georgetown McDonough offers the following graduate degree programs:
Full-time MBA Program
The Full-time MBA Program at Georgetown University’s McDonough School of Business delivers a global management degree that provides students with core business knowledge and analytical skills to manage and lead a 21st-century organization. The curriculum allows students to select and tailor their electives toward highly individualized career aspirations.
The Full-time MBA Program centers on student success. The program’s unique integrative core curriculum better prepares students for internships, jobs, and entrepreneurial endeavors. Students learn the analytical and persuasive skills needed to succeed in business and understand when to use them and how to evaluate their decisions ethically. A new curriculum, launched in 2012, deepens the school’s active commitment to educate principled, ethical leaders with a global mindset who are ready to serve business and society.
Students’ transformation begins with an opening term and an intensive course on the Structure of Global Industries. Students reexamine their understanding of global industries through the economic, political, and cultural factors that influence these arrangements. The course also integrates ethical decision-making.
Summer internships, along with several integrative learning experiences throughout the curriculum, extend formal learning from the classroom to the business world. Through McDonough’s signature Global Business Experience, students gain hands-on experience and a global mindset that will last a lifetime.
Admissions: (202) 687-4200 or firstname.lastname@example.org
MBA Evening Program
The three-year Georgetown MBA Evening Program features the same courses and faculty and confers the same degree received by graduates of Georgetown’s Full-time MBA Program. Through a convenient schedule of classes that meet on campus two evenings per week, students experience hands-on learning in a collaborative environment of cohorts, gain access to student clubs and campus activities, and complete the signature Global Experience. Students learn to apply quantitative tools strategically, manage with emotional intelligence, and consider multiple bottom lines. The MBA Evening Program helps students gain the skills needed for career advancement while maintaining their current employment.
Georgetown McDonough graduates thrive in international organizations. The MBA Evening Program prepares students for a constantly growing and changing global marketplace. Similar to its full-time MBA counterpart, first-year Evening MBA students begin their studies with a three-week, highly integrated course on the Structure of Global Industries. In this experiential learning course, students examine their understanding of global industries through the economic, political, and cultural factors that influence these arrangements. The opening term also covers ethical decision-making, a basic accounting course and establishes student cohorts. With a range of elective course offerings and personalized focus areas to complement a comprehensive core of coursework in general management, Georgetown’s MBA Evening Program is well suited for professionals from a number of fields seeking to advance or change their current careers.
Admissions: (202) 687-6069 or email@example.com
Georgetown’s Executive MBA is a 20-month program that concentrates on quantitative, analytical, and core business disciplines with a global focus, meets every other Friday and Saturday, and students participate in four week-long residencies where they focus on live case studies, plan for entrepreneurial initiatives, consult for international companies and travel abroad to present their recommendations. They also study the impact of globalization through capstone projects.
Coursework focuses on core business disciplines including accounting, decision sciences, economics, finance, management, and marketing with customization options through electives. Classes are taught in cohorts designed to strengthen interpersonal relationships.
Admissions: (202) 687-2704 or firstname.lastname@example.org
Global Executive MBA
The Georgetown-ESADE Global Executive MBA offers classes in six modules around the globe during a 14-month program. In partnership with Georgetown’s Walsh School of Foreign Service and ESADE Business School in Barcelona, Spain, this dynamic program is carefully designed for highly accomplished executives. This unique and powerful partnership includes a broad view of geopolitics, policy, and regulation to bring a greater richness to the program.
For their classes, GEMBA students travel to Bangalore, Beijing, Buenos Aires, Madrid, New York, Sao Paulo, Shanghai, and Washington, D.C. These intensive learning experiences provide a broad view of geopolitics, policy, international business, and strategy, as well as opportunities to interact with authors, business leaders, researchers, COEs, and policymakers. Graduates receive MBA diplomas granted by both Georgetown University and ESADE Business School.
Admissions: (202) 687-2704 or email@example.com
Executive Master’s in Leadership
Georgetown McDonough’s Executive Master’s in Leadership Program is designed for executives aiming to advance their leadership skills. EML students represent a variety of industries and include corporate and non-profit leaders, entrepreneurs, military officers, doctors, and engineers who have accrued an average of 17 years of professional experience. The distinguished Georgetown faculty creates a rich experience to achieve conceptual understanding of leadership purpose and strategies.
The program integrates practical management skills and advanced leadership theory throughout a full year of coursework to enable students to effect change within their organizations. Coursework is designed to be sequential, building on specific topic areas to develop deep understanding and action learning that can be immediately related to the workplace. The curriculum is characterized by three primary themes, with a focus on organizational leadership: Leading Teams and Organizations, Tools for Leadership and Looking to the Future.
Classes are held alternate weekends on the Georgetown campus. Students also attend three residencies, one of which takes place abroad. To complement coursework, all students participate in three residencies, including one consulting project conducted abroad, most recently in Cape Town, South Africa. Each residency is carefully designed to challenge students to integrate and apply experience and learning in simulated and actual leadership scenarios. One-on-one coaching also is offered as part of the program and features certified leadership coaches who partner with students to develop and deploy their leadership talents.
Admissions: (202) 687-2704 or firstname.lastname@example.org
ACHIEVING CAREER SUCCESS
Georgetown McDonough’s MBA Career Center is where outstanding talent meets exceptional opportunity. Georgetown’s MBA students are among the world’s best and brightest, and the Career Center provides them with the necessary skills to advance their careers or begin new ones. Career Center coaches also have long-lasting relationships with global employers, who seek out Georgetown students for internships and full-time employment.
The MBA Career Center provides career counseling and programming for all Full-time, Evening, and Executive MBA students and alumni. Certified career coaches – industry or functional experts who manage employer relationships in their respective industries – represent 14 industry experts who provide students tailored advice and support to meet their individual needs.
Through three internally developed career development courses – job search, promotions, or global executive presence – students are equipped with the tools to navigate career advancement and optimize job searches. Students also have the opportunity to “trek” to various national and international locations to interact and network with alumni and other important leaders within the business community on either a regional or industry basis
The faculty at Georgetown’s McDonough School of Business comprises world-class scholars engaged in pioneering research that impacts practice; professionals who have corporate, nonprofit, and government leadership experience; and entrepreneurs who mentor students in starting businesses. As academic and industry leaders, they incorporate scholarship and expertise into their teaching practices, inspiring students to become stewards in business and serve society. Courses at both the undergraduate and graduate levels are immersive and integrative, weaving a global perspective, ethical considerations, and analytical thinking with traditional business disciplines.
In addition, Georgetown McDonough hosts distinguished business executives, thought leaders, and policymakers for class sessions and university lectures. Students have unparalleled access to leaders in corporations, nonprofits, and government agencies, and the reputation and location of Georgetown University in Washington, D.C., gives Georgetown McDonough students a variety of opportunities to make an impact.
DEVELOPING A GLOBAL MINDSET
Prior to the conclusion of their degrees, students participate in the Global Business Experience, a culminating practical application of the knowledge and skills students have learned in their studies and their careers. This signature MBA course empowers students to more fully understand how business is conducted around the world. Now, students complete consulting projects for international organizations in a greater number of locations and on more project topics. Ideas, insights and solutions are shared and celebrated at the end of the second year when students showcase their comprehensive understanding of the regional and cultural factors affecting a strategic topic.
This experience empowers students to fully understand how business is conducted around the world – learning first-hand as well as from the experiences of their classmates. Teams of students work with faculty members and senior management at multinational organizations to define their projects, and travel to the client country to present their work. Each year, student teams complete more than 100 consulting projects through the required Global Experience programs. In recent years, students have traveled to Argentina, Brazil, China, India, Vietnam, Israel, the United Arab Emirates, Turkey, the Czech Republic, and South Africa, working for clients ranging from small entrepreneurial companies to global enterprises, from public- to private-sector institutions, and from local to international corporations.
In addition, Georgetown McDonough has partnered with top international universities to provide students with several study-abroad opportunities during the fall semester: IAE Business School in Buenos Aires, Argentina; Fudan University in Shanghai, China; London Business School in England; HEC Paris in France; or ESADE Business School in Barcelona, Spain. Students may also study in England at Oxford University during the summer. The Oxford program is taught by both Georgetown and Oxford faculty and incorporates cultural activities to help your fully experience local traditions.
CENTERS AND INITIATIVES
Through the examples of faculty and participation in distinctive initiatives, students in the McDonough School of Business understand what it means to serve both business and society. Building on Georgetown University’s Jesuit heritage of service to others, the programs offer opportunities for aspiring entrepreneurs and instill in students a sense of responsibility, to both shareholders and society.
The research entities at Georgetown’s McDonough School of Business leverage their location in Washington, D.C., to study the intersection of business and public policy, international affairs, financial markets and policy, and markets and ethics. Georgetown McDonough excels at solving critical business issues and defining best practices across a range of industries that will transform the world of business.
Georgetown Center for Business and Public Policy
The Georgetown Center for Business and Public Policy is an academic, nonpartisan research center with a mission to engage scholars, business people, and policymakers in relevant inquiries and dialogue to impact key business, economic and public policy issues confronting American and international businesses today.
The foundation of the center is a set of Senior Policy Scholars whose research interests focus on two vital economic issues that affect virtually every economy: competition and innovation. Specific areas of research include: antitrust, energy and the environment, telecommunications, fiscal and monetary policies, globalization, industrial organization, international trade, regulation and deregulation, and technology and innovation. The center’s research and rigorous economic and econometric framework have been utilized in the creation of public policy. Follow on Twitter @GeorgetownCBPP
Georgetown Center for Financial Markets and Policy
The Georgetown Center for Financial Markets and Policy provides innovative thought leadership for global financial markets.
The center hosts dialogues, conferences, and events involving leading scholars, practitioners, and policymakers; provides a nonpartisan forum for informed discussion; sponsors relevant and impactful research on key global market issues; and engages students interested in finance. Follow on Twitter @GUFinPolicy
Real Estate Finance Initiative
The Real Estate Finance Initiative elevates Georgetown’s role in real estate finance by developing future business leaders interested in careers in the industry.
The initiative aims to make Georgetown a forum where industry leaders gather to discuss changing industry trends and share their knowledge. In addition, it supports a community of interest through events series in both Washington and New York, including conferences, panels and guest speakers, with leading professionals and organizations in real estate finance.
Georgetown Institute for Consumer Research
The Georgetown Institute for Consumer Research focuses on developing innovative, groundbreaking consumer research to illuminate the challenges and opportunities of understanding and marketing to technologically empowered consumers.
Sponsored by KPMG, the institute also serves as a forum for global business executives and leading academics to share knowledge and perspectives on the constantly changing habits of consumers and to help consumers make better purchasing decisions. The institute supports two to three targeted, high-quality research projects each year by bringing together Georgetown marketing scholars and students, KPMG internal talent, the wider business community, and other key stakeholders. A series of interactive dialogues presents new knowledge about consumer research and solutions to consumer issues.
Georgetown Entrepreneurship Initiative
The Georgetown Entrepreneurship Initiative seeks to inspire students by encouraging entrepreneurial thinking and activity; teach valuable lessons learned from current and past entrepreneurs; connect a variety of entrepreneurial people and organizations; and create new ventures and new knowledge. The initiative hosts a robust suite of curricular and extracurricular offerings including the campus-wide business pitch competition, Hoya Challenge, the annual Georgetown Entrepreneurship Day and the Startup Hoyas incubator. Follow on Twitter @hoyapreneur #StartupHoyas
Georgetown University Women’s Leadership Initiative
By promoting the development and advancement of women leaders, Georgetown University’s Women’s Leadership Initiative contributes to the social and economic progression of women across the world. Ongoing programs include forums for dialogue, skill-building workshops, and support networks to address the intellectual and practical needs of women leaders.
Georgetown Institute for the Study of Markets and Ethics
The Georgetown Institute for the Study of Markets and Ethics (GISME) rethinks and re-creates the way ethics is taught, and perhaps even more important, practiced. By bringing together the finest scholars and best teachers from different fields, the institute advances understanding of the ethical issues inherent in the functioning of the market society. The institute’s comprehensive approach produces high-quality research related to the ethics of markets and the ethical challenges individuals encounter when functioning in a market environment. By educating students and the broader community about these issues, the institute brings ethical considerations to bear on policy decisions regarding the regulation of markets. Follow on Twitter @GISME_MSB
Global Social Enterprise Initiative
The Global Social Enterprise Initiative (GSEI) aims to prepare current and future leaders make responsible management decisions that yield both economic and social value. Through engagement with corporate, nonprofit, government leaders, and other stakeholders to the understanding and application of social enterprise, the initiative advocates for transformative solutions to the world’s significant challenges on give key issues, including global health and well-being, clean-tech, economic growth and financial security, energy and the environment, and international development. Follow on Twitter @GSEI_Georgetown
Global Business Initiative
The Global Business Initiative enhances the school’s global focus through curriculum and research activities, alliances with international universities and organizations, and coordination of existing efforts spread across various research centers. As one of its first undertakings, the Global Business Initiative is expanding the Global Business Experience program to complement the revised MBA curriculum as it gives students a comprehensive understanding of a particular industry at both regional and global dimensions including strategic topics such as supply chain management or social innovation.
Today, the McDonough School of Business resides in the 179,000-square-foot Rafik B. Hariri Building. Blending the tradition of Georgetown University with forward- thinking functionality, the LEED® Silver-certified building features 15 classrooms, 34 breakout rooms, 15 conference rooms, 11 interview rooms, a 400-seat auditorium, two large student lounges, and 120 faculty offices. The building is named in the memory of Rafik B. Hariri, two-time prime minister of Lebanon, noted philanthropist, and ardent advocate of education.
Georgetown McDonough’s location in the nation’s capital – the heart of business, policy, and international affairs – provides unparalleled access to government organizations, prominent lawmakers, and business and thought leaders from around the world.