The Wallace E. Carroll School of Management (CSOM) is the

business school A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, or ...

Boston College Boston College (BC) is a private Jesuit research university in Chestnut Hill, Massachusetts. Founded in 1863, the university has more than 9,300 full-time undergraduates and nearly 5,000 graduate students. Although Boston College is classified ...

Chestnut Hill, Massachusetts Chestnut Hill is an affluent New England village located west of downtown Boston, Massachusetts, United States. Like all Massachusetts villages, Chestnut Hill is located within one or more incorporated municipal entities. It is located par ...

. The school is regularly ranked among the best business schools in the United States, particularly its undergraduate program and world-renowned research faculty. Established in 1938, the Carroll School offers

Bachelor of Science A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University o ...

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

(MBA), and

Doctor of Philosophy A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

(Ph.D.) degrees, in addition to

Master of Science A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast t ...

degrees in both

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...

and

accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

, along with joint degree programs with Boston College's other schools.

History

In 1938, the Carroll School was founded as the College of Business Administration. At the invitation of Boston College president Father William J. McGarry, S.J., more than 30 prominent businessmen and bankers from Boston and New York City provided counsel to the school as members of an advisory committee. Seventy-two student candidates were selected from over 100 applications to begin study. Classes began on September 16, 1938, in a building, which housed other graduate programs, at 126 Newbury Street in downtown

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

. The business school's enrollment was about 330 by the time 52 students first graduated in June 1942. CSOM's home,

Fulton Hall Fulton Hall is a building on the campus of Boston College that houses the Carroll School of Management. It is named for university president Robert J. Fulton. History When World War II ended in 1945 there was a dramatic increase in enrollment ...

, is named for Father Robert Fulton, the first dean and twice president of Boston College. It was designed in the late 1940s in the

collegiate gothic Collegiate Gothic is an architectural style subgenre of Gothic Revival architecture, popular in the late-19th and early-20th centuries for college and high school buildings in the United States and Canada, and to a certain extent Europ ...

style by the Boston firm of Maginnis and Walsh. In addition to the James J. Byrnes Library, the building housed an industrial management laboratory in the basement that was considered innovative in the era of the "efficiency expert" and time-and-motion studies. In 1993, Fulton Hall underwent a major renovation by Svigals & Associates, a New Haven, Connecticut-based firm. The school was renamed in 1989 in honor of industrialist and alumnus Wallace E. Carroll of

Katy Industries Katy Industries, Inc. is a holding company for a group of businesses whose operations are divided between maintenance products and electrical products. The first manufactures and distributes commercial cleaning products, and sells consumer home an ...

, whose $10 million donation was the largest private grant to the university at the time.

Undergraduate program

Admissions

Prospective Carroll School students apply directly to the school during their senior year of high school, either through the Early Decision (ED I or ED II) or Regular Decision process. The acceptance rate for the CSOM was 25% for the Class of 2012, and the total of undergraduate business applicants was 6,729. 28% of admitted CSOM applicants chose to enroll in the school.

Academics

The Carroll School's undergraduate program offers a balance of both a liberal arts education and a general management curriculum. In addition to coursework for a student's declared concentration, undergraduates are expected to fulfill the university's core curriculum and CSOM's curriculum in general management, which encompasses courses in

, operations management,

marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...

, and

economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics anal ...

. Beginning with students of the Class of 2013, the school required its incoming freshmen to enroll in a course called "Portico." This course, while serving as an introduction to CSOM for new undergraduates, also serves to teach new students about business ethics through the readings of

Plato Plato ( ; grc-gre, Πλάτων ; 428/427 or 424/423 – 348/347 BC) was a Greek philosopher born in Athens during the Classical period in Ancient Greece. He founded the Platonist school of thought and the Academy, the first institution ...

Aristotle Aristotle (; grc-gre, Ἀριστοτέλης ''Aristotélēs'', ; 384–322 BC) was a Greek philosopher and polymath during the Classical period in Ancient Greece. Taught by Plato, he was the founder of the Peripatetic school of ...

Immanuel Kant Immanuel Kant (, , ; 22 April 1724 – 12 February 1804) was a German philosopher and one of the central Enlightenment thinkers. Born in Königsberg, Kant's comprehensive and systematic works in epistemology, metaphysics, ethics, and ...

, and

Ayn Rand Alice O'Connor (born Alisa Zinovyevna Rosenbaum;, . Most sources transliterate her given name as either ''Alisa'' or ''Alissa''. , 1905 – March 6, 1982), better known by her pen name Ayn Rand (), was a Russian-born American writer and p ...

. This course will supersede the previous version of the course, which was known as "Introduction to Ethics." Students may dual-concentrate (but not triple-concentrate) within CSOM, pursue minors in either the Lynch School of Education or in the College of Arts and Sciences, enroll in the pre-med program, or even pursue a full major in the College of Arts and Sciences while enrolled as a student in CSOM. CSOM offers concentrations in

, accounting information systems,

business analytics Business analytics (BA) refers to the skills, technologies, and practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing ne ...

, corporate reporting,

computer science Computer science is the study of computation, automation, and information. Computer science spans theoretical disciplines (such as algorithms, theory of computation, information theory, and automation) to Applied science, practical discipli ...

entrepreneurship Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...

, general management,

information system An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information. From a sociotechnical perspective, information systems are composed by four components: task, people ...

, management leadership,

, and operations management.

Graduate program

The Carroll School's graduate programs include: a Master of Business Administration (full-time MBA and part-time MBA), a

in finance, a

in accounting and three

programs in accounting, finance, and organization studies respectively.

MBA programs

The admissions rate for the Carroll School's Class of 2019 was 39%. Applicants are required to take the GMAT exam. Of the admitted applicants, the median score was 637 and the middle 80% of scores ranged from 580 to 700. All full-time M.B.A. students are required to complete a specialization area, such as Asset Management, Corporate Finance, or Global Management. There are more than 34,000 Carroll graduates working around the globe, and some of the notable alumni include Ronald Logue, chairman and former CEO of financial services firm State Street Corp., and Denis O’Brien, chairman of mobile phone network provider Digicel.

M.S. programs

Carroll School offers two M.S. programs including Master of Science in finance and Master of Science in accounting.

Ph.D. programs

Carroll School offers three doctor of philosophy programs including Ph.D. in accounting, Ph.D. in finance, and Ph.D. in organization studies. It takes five years to complete the doctoral program. Carroll School's Ph.D. programs admission is highly selective, and graduates have become successful teachers and scholars at leading management schools around the globe, such as Harvard University, University of Pennsylvania, University of Notre Dame, Indiana University Bloomington, Texas A&M University, University of Hong Kong, etc.

Rankings

Undergraduate rankings

* #3

BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

, 2016 ** #10 for Finance, 2013 ** #5 for Accounting, 2012 ** #9 for Corporate Strategy, 2012 ** #4 for Information Systems, 2012 * #24 ''U.S. News & World Report'', 2013 ** #13 for Finance, 2013 ** #22 for Management, 2013 ** #26 for Accounting, 2012

M.B.A. rankings

* #41 ''U.S. News & World Report'', 2023 ** #30 for Part-time M.B.A.

Subject rankings

* ShanghaiRanking's Global Ranking of Academic Subjects, 2021 ** #7 for Finance ** #51-75 for Business Administration ** #101-150 for Management

General academics

Departments

The Carroll School is organized into seven academic departments, as listed below: *Accounting *Business Analytics *Business Law and Society *Finance *Information Systems *Management and Organizations *Marketing

Research centers and executive programs

The Carroll School is home to seven research centers and four executive programs.

Research centers

* Center for Corporate Citizenship *Center for Retirement Research *Winston Center for Leadership and Ethics *Center for Work and Family *Edmund H. Shea Jr., Center for Entrepreneurship *Lynch Leadership Academy *Joseph E. Corcoran Center for Real Estate and Urban Action

Executive programs

*Office of Corporate Government and Affairs *Boston College Business Institute *Boston College International Business Initiative *Leadership for Change

Boston College Center for Corporate Citizenship

The Center for Corporate Citizenship at

is a membership-based research and education center in the Carroll School of Management. The center provides knowledge and learning opportunities designed to help executives, managers and employees advance positive corporate citizenship from wherever they sit in the organization. It offers research, tools, conferences, networking, and executive education programs pertaining to issues of corporate citizenship/

corporate social responsibility Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicall ...

to corporate members worldwide. Much of its research is freely available to the public, and can be downloaded from it
website
The Center for Corporate Citizenship facilitates interchange among corporate responsibility thought leaders, "people who have been working within the system to create new institutions to put pressure on corporations to behave in ways that account for their core values." Its activities have been reported on by ''The New York Times,'' ''The Boston Globe,'' and the ''Boston Business Journal,'' as well as by online journals, such as ''CSRwire,'' ''Ethical Performance,'' and ''SocialFunds.'' The center also helped develop and launch the ''Journal of Corporate Citizenship,'' which focuses explicitly on integrating theory about corporate citizenship with management practice. Its sponsorship includes film festivals, international conferences, and research.

Boston College Chief Executives Club

The Boston College Chief Executives Club is a premier business forum program, in partnership with the Carroll School, that attracts chief executives from various fields as keynote speakers to address their peers. Among past speakers are Disney's

Bob Iger Robert Allen Iger (; born February 10, 1951) is an American businessman who is the Chief Executive Officer (CEO) of The Walt Disney Company. He previously served as the President of ABC Television between 1994 and 1995 and the President and Ch ...

, Nike's

Mark Parker Mark Parker (born October 21, 1955) is an American businessman. He serves as executive chairman of Nike, Inc. He was named the third CEO of the company in 2006 and served as president and CEO until 13 January 2020. Personal life Parker was born ...

, IBM's

Virginia Rometty Virginia Marie "Ginni" Rometty (born July 29, 1957) is an American business executive who served as executive chairman of IBM after stepping down as CEO on April 1, 2020. She previously served as chairman, president and CEO of IBM, becoming the ...

, and home décor entrepreneur

Martha Stewart Martha Helen Stewart (, ; born August 3, 1941) is an American retail businesswoman, writer, and television personality. As founder of Martha Stewart Living Omnimedia, she gained success through a variety of business ventures, encompassing pu ...

. The club is governed by a Board of Governors drawn from Boston's business leadership. Club membership is exclusive to corporate membership.

References

External links

* {{DEFAULTSORT:Carroll School Of Management Boston College Educational institutions established in 1938 Business schools in Massachusetts University subdivisions in Massachusetts 1938 establishments in Massachusetts