The George Washington University School of Business
Encyclopedia
The George Washington University School of Business (GWSB or GW School of Business) is the business school of George Washington University
George Washington University
The George Washington University is a private, coeducational comprehensive university located in Washington, D.C. in the United States...

 in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

, United States. The GW School of Business is a top-tier institution that offers both undergraduate and graduate business degrees in a variety of programs. Located in the heart of one of the most powerful and influential cities in the world, the GW School of Business affords its students and faculty the unique opportunity to conduct academic research on and collaborate with US government agencies, multilateral development banks, non-profit organizations, and thousands of national and multinational corporations.

History

In 1928, the School was founded on the idea that business and government might become partners in promoting national prosperity and international development. Beginning with a $1 million endowment from The Supreme Council of Scottish Rite Freemasonry Southern Jurisdiction, GW President Cloyd H. Marvin established what was known as the School of Government, with degree programs that integrated business and politics on the national and international levels.

In 1960, the School was renamed the School of Government, Business, and International Affairs. Then, in 1966, President Lloyd H. Elliott split its faculties into a new School of Government and Business Administration (SGBA) and a School of International Affairs—which today bears President Elliott's name. The SGBA was renamed the School of Business and Public Management in 1990. In 2004, it became the School of Business.

Throughout its history, the GW School of Business has attracted some of the nation's most outstanding leaders from academia, government, and the business world. In 1992, F. David Fowler, a managing partner of KPMG
KPMG
KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....

, became dean of the school. During his tenure, he dedicated himself to educating a generation of effective managers. Dean Fowler was succeeded in July 1998 by Susan M. Phillips. A former member of the Board of Governors of the Federal Reserve System
Federal Reserve System
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...

, Dean Phillips brought to the School her expertise in such specializations as derivatives, bank supervision, and financial management. Susan Phillips was succeeded in August 2010 by Doug Guthrie
Doug Guthrie
Doug Guthrie is dean of The George Washington University School of Business in Washington DC. Prior to taking over as dean of GWSB, he was professor of management and sociology at New York University, holding joint appointments in the Stern School of Business and NYU’s Faculty of Arts and Sciences...

. Dean Guthrie's areas of expertise lie in the fields of leadership and organizational change, corporate governance and corporate social responsibility, and economic reform in China.

In January 2006, the GW School of Business opened its new complex, the newly constructed Ric and Dawn Duquès Hall and the renovated Norma Lee and Morton Funger Hall. This complex provides students, faculty, and staff with a unified center for study and career development activities.

Academics

The George Washington University School of Business consists of various academic departments including: Accountancy
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...

, 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...

 and Technology Management
Technology Management
Technology Management is set of management disciplines that allows organizations to manage its technological fundamentals to create competitive advantage...

, 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...

, Management
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...

, 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...

, Strategic Management and Public Policy, Tourism and Hospitality Management, and decision sciences.

On the undergraduate level, the GW School of Business offers two degree programs, a Bachelor of Accountancy
Bachelor of Accountancy
The degree of Bachelor of Accountancy is the principal academic degree in accountancy in several countries, and is often the only degree recognised for subsequent practice; see First professional degree. It is abbreviated B.Acy. or B.Acc. or B. Accty....

 and a Bachelor of Business Administration
Bachelor of Business Administration
The Bachelor of Business Administration is a bachelor's degree in Commerce and business administration. In most universities, the degree is conferred upon a student after four years of full-time study in one or more areas of business concentrations; see below...

. The school also offers two five-year programs culminating with either a Master of Science in Information Systems
Master of Science in Information Systems
The Master of Science in Information Systems , Master of Science in Management Information Systems is a specialized master's degree program usually offered in a University's College of Business. The MSIS degree is designed for those managing information technology, especially the information...

 or Master of Tourism Administration.

On the graduate level, the GW School of Business offers Specialized Masters programs, three different MBA programs, and a highly acclaimed 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...

 program. The Specialized Masters programs are offered in Accountancy
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...

, 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...

, Project Management
Project management
Project management is the discipline of planning, organizing, securing, and managing resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end , undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value...

, Informations Systems Technology, and Tourism Administration. The MBA programs consist of the full-time Global MBA, part-time Professional MBA (Flexible or Accelerated), and Executive MBA.

The GW School of Business is home to various Research Centers and Initiatives:
  • Center for Entrepreneurial Excellence (CFEE)
  • Center for International Business Education & Research (GW-CIBER)
  • Center for Latin American Issues (CLAI)
  • The Institute of Brazilian Issues (IBI)
  • Center for Real Estate and Urban Analysis
  • Financial Services Research Program (FSRP)
  • European Union Research Center
  • Global and Entrepreneurial Finance Research Institute (GEFRI)
  • GW Women's Leadership Institute (WLI)
  • Institute for Corporate Responsibility
  • International Institute of Tourism Studies
  • Institute for Integrating Statistics in Decision Sciences
  • Council for the Advancement of Small Business (CASB)
  • Environmental and Social Sustainability Initiative (ESSI)
  • Research Program in Social and Organizational Learning

Rankings

UNDERGRADUATE PROGRAMS
  • U.S. News & World Report
    U.S. News & World Report
    U.S. News & World Report is an American news magazine published from Washington, D.C. Along with Time and Newsweek it was for many years a leading news weekly, focusing more than its counterparts on political, economic, health and education stories...

    , "America's Best Colleges" August 2010, 36th Undergraduate Business Program, 7th Undergraduate International Business Specialty
  • Princeton Review, "Best 290 Business Schools" October 2007, 2nd Best Administered Business School
  • Business Week, "The Best Undergraduate B-Schools" April 2007, 53rd in the U.S.
  • Fortune Small Business Magazine, "America's Best Colleges for Entrepreneurs" Sept 2007, Best 24 Colleges for Double Majors, Women's Entrepreneurial Leadership Initiative


GRADUATE PROGRAMS
  • U.S. News & World Report
    U.S. News & World Report
    U.S. News & World Report is an American news magazine published from Washington, D.C. Along with Time and Newsweek it was for many years a leading news weekly, focusing more than its counterparts on political, economic, health and education stories...

    , "America's Best Graduate Schools", March 2011, 52nd-ranked Full-Time MBA, 36th Part-Time MBA
  • BusinessWeek
    BusinessWeek
    Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...

    , November 2008, top-45 Full-Time MBA program in the U.S.
  • Financial Times
    Financial Times
    The 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....

    , January 2008, 40th-ranked Full-Time MBA Program in the U.S., 5th-ranked Full-Time MBA in International Business category
  • Wall Street Journal, September 2007, 45th-ranked Regional Full-Time MBA Program
  • Women3.0, January 2008, "Top 50 M.B.A. Programs for Entrepreneurship"
  • Aspen Institute
    Aspen Institute
    The Aspen Institute is an international nonprofit organization founded in 1950 as the Aspen Institute of Humanistic Studies. The organization is dedicated to "fostering enlightened leadership, the appreciation of timeless ideas and values, and open-minded dialogue on contemporary issues." The...

    /Beyond Grey Pinstripes, 2007–2008, 2nd Worldwide among Small Schools. (fewer than 100 students enrolled), 13th Worldwide; 11th in the U.S. for Environmental Stewardship and Social Impact
  • World Tourism Organization
    World Tourism Organization
    The World Tourism Organization , based in Madrid, Spain, is a United Nations agency dealing with questions relating to tourism. It compiles the World Tourism rankings. The World Tourism Organization is a significant global body, concerned with the collection and collation of statistical information...

    , TedQual: Excellence in Tourism Education

Campus

The George Washington University School of Business is centrally located in the trendy Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

 neighborhood of Foggy Bottom
Foggy Bottom
Foggy Bottom is one of the oldest late 18th and 19th-century neighborhoods in Washington, D.C. The area is thought to have received the name because its riverside location made it susceptible to concentrations of fog and industrial smoke, an atmospheric trait that did not prevent the neighborhood...

, not far from both the White House
White House
The White House is the official residence and principal workplace of the president of the United States. Located at 1600 Pennsylvania Avenue NW in Washington, D.C., the house was designed by Irish-born James Hoban, and built between 1792 and 1800 of white-painted Aquia sandstone in the Neoclassical...

 and State Department. The GWU campus is also adjacent to the world's leading financial institutions — the Federal Reserve, Organization of American States
Organization of American States
The Organization of American States is a regional international organization, headquartered in Washington, D.C., United States...

, World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

, and International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

.

Notable alumni

  • Raya Haffar al-Hassan
    Raya Haffar al-Hassan
    Raya Haffar al-Hassan is the Lebanese finance minister, the first woman to be appointed to such a senior post in Lebanon. Along with minister without portfolio Mona Ofeich, Hassan was one of two women appointed in the November 2009 cabinet of Saad Hariri.Hassan is a member of the March 14 Alliance...

     (MBA) – Finance Minister, Lebanon
    Lebanon
    Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...

  • Kun-Hee Lee (MBA) – former CEO, Samsung
    Samsung
    The Samsung Group is a South Korean multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea...

  • Darla Moore
    Darla Moore
    Darla Dee Moore is a partner of the private investment firm Rainwater, Inc, and is married to Richard Rainwater, who founded the firm....

     (MBA) – Vice President, Rainwater Inc.; founder, Palmetto Institute
  • Pedro Heilbron
    Pedro Heilbron
    Pedro Heilbron is, since 1988, the CEO of Copa Holdings S.A., the parent company of Panamanian carrier Copa Airlines and Colombian carrier AeroRepública....

     (MBA) – CEO of Copa Holdings, S.A.
  • Ric Duques (MBA) – former Chairman and CEO, First Data Corp.
  • Carolyn Schwab Pomerantz (MBA) – President, Charles Schwab Foundation; Chief Strategist of Consumer Education, Charles Schwab
    Charles Schwab
    Charles Schwab may refer to:*Charles M. Schwab , American steel magnate*Charles R. Schwab , founder of the eponymous brokerage*Charles Schwab Corp., an American based brokerage firm...

  • Colin Powell
    Colin Powell
    Colin Luther Powell is an American statesman and a retired four-star general in the United States Army. He was the 65th United States Secretary of State, serving under President George W. Bush from 2001 to 2005. He was the first African American to serve in that position. During his military...

     (MBA) – former US Secretary of State
    Secretary of State
    Secretary of State or State Secretary is a commonly used title for a senior or mid-level post in governments around the world. The role varies between countries, and in some cases there are multiple Secretaries of State in the Government....

     and Chairman of the Joint Chiefs of Staff
    Chairman of the Joint Chiefs of Staff
    The Chairman of the Joint Chiefs of Staff is by law the highest ranking military officer in the United States Armed Forces, and is the principal military adviser to the President of the United States, the National Security Council, the Homeland Security Council and the Secretary of Defense...

  • Philip Dolan (MBA) – Managing Director, Carlyle Group
    Carlyle Group
    The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington, D.C. The Carlyle Group operates in four business areas: corporate private equity, real assets, market strategies and fund-of-funds, through its AlpInvest subsidiary...

  • Ellen Malcolm
    Ellen Malcolm
    Ellen R. Malcolm is an activist who has had a long career in American politics, particularly in political fundraising. She is an heiress of one of the founders of IBM....

     (MBA) – Founder and President, EMILY's List
    EMILY's List
    EMILY's List is a political action committee in the United States that aims to help elect female candidates to office. It was founded by Ellen Malcolm in 1984....

  • Peter Pace
    Peter Pace
    Peter Pace is a retired United States Marine Corps general who served as the 16th Chairman of the Joint Chiefs of Staff, the first Marine appointed to the United States' highest-ranking military office. Appointed by President George W. Bush, Pace succeeded U.S. Air Force General Richard Myers on...

     (MBA) – former Chairman of the Joint Chiefs of Staff
    Chairman of the Joint Chiefs of Staff
    The Chairman of the Joint Chiefs of Staff is by law the highest ranking military officer in the United States Armed Forces, and is the principal military adviser to the President of the United States, the National Security Council, the Homeland Security Council and the Secretary of Defense...

  • George Wellde (MBA) – former Partner and Vice Chairman, Goldman Sachs
    Goldman Sachs
    The 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...

  • John Cherbini (MBA) – Partner, KPMG
    KPMG
    KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....

  • David Spartin (MBA) – former Senior Vice-Chairman, MBNA
    MBNA
    MBNA Corporation was a bank holding company and parent company of wholly owned subsidiary MBNA America Bank, N.A., headquartered in Wilmington, Delaware, prior to being acquired by Bank of America in 2006...

     America Bank
  • Kent Conrad
    Kent Conrad
    Kent Conrad is the senior United States Senator from North Dakota. He is a member of the North Dakota Democratic-NPL Party, the North Dakota affiliate of the Democratic Party...

     (MBA) – United States Senator of North Dakota
    North Dakota
    North Dakota is a state located in the Midwestern region of the United States of America, along the Canadian border. The state is bordered by Canada to the north, Minnesota to the east, South Dakota to the south and Montana to the west. North Dakota is the 19th-largest state by area in the U.S....

  • George Coelho (MBA) – General Partner, Benchmark Capital
    Benchmark Capital
    Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups. In 1997, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999. Other high-profile investments include Ariba, Juniper Networks, Red...

  • Roy Salameh (MBA) – Managing Director, Goldman Sachs
    Goldman Sachs
    The 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...

  • Randall Edwards
    Randall Edwards
    Randall Edwards may refer to:* Randall Edwards * Randall Edwards...

     (MBA) – Oregon
    Oregon
    Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...

     State Treasurer
  • Choudhry Wajahat (MBA) – Pakistan
    Pakistan
    Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

     - Member National Assembly, Government of Pakistan
  • Shahid Khaqan Abbasi
    Shahid Khaqan Abbasi
    Shahid Khaqan Abbasi is a Pakistani entrepreneur, electrical engineer, and a politician. He served as the Federal Minister for Commerce in 2008. Abbasi is the Founder and CEO of Airblue...

     (MBA) – Pakistan
    Pakistan
    Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

     - Member National Assembly, Government of Pakistan
  • Dr Akbar Khuwaja (MBA) – Pakistan
    Pakistan
    Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

     - Senator, Government of Pakistan
  • Jumani Ashfak (MBA) – Pakistan
    Pakistan
    Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

     - Member Motorways - NHA, Government of Pakistan
  • Edward M. Liddy
    Edward M. Liddy
    Edward Michael Liddy was the chairman and chief executive officer of American International Group from 2008 to 2009 during the late-2000s financial crisis.-Early life:...

     (MBA) – CEO of AIG
    AIG
    AIG is American International Group, a major American insurance corporation.AIG may also refer to:* And-inverter graph, a concept in computer theory* Answers in Genesis, a creationist organization in the U.S.* Arta Industrial Group in Iran...

    ; former Chairman and CEO, Allstate Corp.
    Allstate
    The Allstate Corporation is the second-largest personal lines insurer in the United States and the largest that is publicly held. The company also has personal lines insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993...

  • Woong-Yeul Lee (MBA) – Chairman, Kolon Group
  • Ina Garten
    Ina Garten
    Ina Rosenberg Garten is an American author, host of the Food Network program Barefoot Contessa, and former White House nuclear policy analyst...

     (MBA) – Host of Barefoot Contessa
    Barefoot Contessa
    Barefoot Contessa is a cooking show that premiered November 30, 2002 on Food Network. This popular show is hosted by celebrity chef Ina Garten. Each episode features Garten assembling dishes of varying complexity. Though her speciality is French cuisine, she occasionally prepares American, Asian,...

  • Faure Gnassingbe
    Faure Gnassingbé
    Faure Essozimna Gnassingbé has been the President of Togo since May 4, 2005. A son of President Gnassingbé Eyadéma, he was appointed to the government by his father, serving as Minister of Equipment, Mines, Posts, and Telecommunications from 2003 to 2005...

     (MBA) – President of the Republic of Togo
    Togo
    Togo, officially the Togolese Republic , is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately with a population of approximately...

    , 2005 – Present
  • Mitchell Schear (MBA) – President of the Vornado/Charles E. Smith Company
  • Omar Ayub Khan
    Omar Ayub Khan
    Omar Ayub Khan Omar Ayub Khan Omar Ayub Khan (born January 26, 1970 to an influential Hindko speaking family of Hazara region, but originally of Pashtun Tareen (Tarin properly) descent, is a former Minister of State for Finance in Pakistan...

     (MBA) – former Pakistani Minister of State for Finance
  • Scott Cowen (MBA) – President, Tulane University
    Tulane University
    Tulane University is a private, nonsectarian research university located in New Orleans, Louisiana, United States...

  • Charles Ludolph (MBA) – Former Deputy Assistant Secretary, Department of Commerce
  • Mark Levine (MBA) – Managing Director, Core Capital Partners
  • Dina Al-Sabah
    Dina Al-Sabah
    Dina Ali Fahad Al-Salim Al-Sabah is a professional figure competitor from Kuwait. She stands out from the rest of the Figure competitors for being the only female Arab athlete to achieve pro card status as of 2006; as well as the first female Arab athlete to ever stand on the Olympia stage...

     (MBA) - Professional Figure Competitor
  • Mary Jo Jacobi Jephson – former Vice President of External Affairs, Royal Dutch Shell
    Royal Dutch Shell
    Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...

  • Edward Straw (MBA) – Executive Vice President of PRTM Management Consultants; former President of Global Operations for Estée Lauder
    Estée Lauder Companies
    Estée Lauder Companies, Inc. is a manufacturer and marketer of prestige skincare, makeup, fragrance and hair care products. The company has its headquarters in Midtown Manhattan, New York City.-History:...

  • Luis F. Lugo (MBA) – CEO, Earth Search Sciences, Inc.
  • Thomas Werner (MBA) - CEO, SunPower Corp.
  • Ali Al-Shalli (MBA) – Director of Publishing, The Mohammed bin Rashid Al Maktoum Foundation
  • Mugo Kubati (MBA) – Former CEO, East African Cables
  • Roland Bullard (MBA) – CEO, FastShip Inc.
  • Clarence B. Rogers, Jr. (MBA) – Former Chairman, President, and CEO of Equifax
    Equifax
    Equifax Inc. is a consumer credit reporting agency in the United States, considered one of the three largest American credit agencies along with Experian and TransUnion. Founded in 1899, Equifax is the oldest of the three agencies and gathers and maintains information on over 400 million credit...

  • Mark Shenkman (MBA) – CEO, Shenkman Capital Management, Inc.
  • William Dale Montgomery (MBA) – former US Ambassador to Bulgaria
  • Richard Armour (MBA) – Director of Information Technology, Dell Computer Corporation
  • Shahriar Shahida (MBA) – Founder, Constellation Capital Management

See also


External links

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