The Calloway School of Business and Accountancy is the undergraduate business school of 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...

. It is named after Wayne Calloway

D. Wayne Calloway

Wayne Calloway was chairman and CEO of PepsiCo from 1986 until the mid 1990s. He was chairman of the board of Wake Forest University. They named their undergraduate school of business in his honor in 1995. He died July 8, 1998 from cancer. As of 2007, the Calloway Business School is ranked 17th in...

, who was the Chairman and former CEO of 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...

, Inc. The Wayne Calloway Center, in which the School of Business and Accountancy is housed, was formerly known as Babcock Hall.

The school's stated mission is: To enhance business and society, through our teaching and scholarship.

History

The Wake Forest School of Business Administration was founded in 1949 by Professor Gaines M. Rogers, with seven or eight full time faculty, and offering two degrees: B.S and B.B.A. In 1968 Rogers resigned as dean of the school, and was replaced by Harvard finance professor Robert S. Carlson, who instituted the school's first MBA program. In 1970, the school was transformed into a department within the college, and in doing so lost its AACSB accreditation. In 1980 the department was again reorganized into the School of Business and Accountancy with Thomas C. Taylor as dean. Subsequently, the school was re-accredited in 1985. Beginning in 1994, the school began to offer two new programs: a Master of Science in Accountancy, and a B.S. in Analytical Finance. In 1995, the school was renamed the Wayne Calloway School of Business and Accountancy, after former graduate and CEO of PepsiCo Inc. Wayne Calloway, who had been a long standing friend of the university. In 2003, the school relocated to its current home in F.M. Kirby hall in the Wayne Calloway Center.

Steven Reinemund

Steven Reinemund

Steven S Reinemund is dean of the Schools of Business at Wake Forest University. He was chairman and CEO of PepsiCo between 2001 and 2006. Reinemund spent 22 years working for PepsiCo in various capacities. During his CEO tenure at PepsiCo, revenues grew by $9 billion, net income rose 70%,...

was announced at the new dean of the combined Calloway and Babcock Schools on April 22nd, 2008. He is the former CEO and Chairman of PepsiCo and current board member of numerous Fortune 100 companies.

Academics

The school has 31 full time faculty teaching 492 students. The average class size is 24 students, with student to faculty ratio of 14:1.
The school currently offers four degrees: Business, Finance, Mathematical Business, and Accountancy. The accounting degree is a five year program which confers a Master of Science in Accountancy, with graduates taking their CPA exam concurrent with graduation. The school also offers a concentration in Enterprise Risk Management, under the direction of Merrill Lynch Associate Professor Jonathan Duchac. In addition, three interdisciplinary minors are offered: Entrepreneurship and Social Enterprise, Global Trade and Commerce, and International Studies. During the summer months, Calloway has an intensive six week Summer Management Course, which is designed for non-business majors, and aims to instill the basics of the modern business world. According to the school, "This program offers a mix of seminars, case studies, and lectures in ten fields: accounting, finance, marketing, organizational behavior, management, information systems, business law, operations, strategic management, and entrepreneurship".

Rankings

In the 2009 BusinessWeek Undergraduate Business Schools Rankings, the Calloway School of Business and Accountancy is ranked 14th.