S.C. Johnson Graduate School of Management
Encyclopedia
The Samuel Curtis Johnson Graduate School of Management is the graduate
business school
of Cornell University
, a private
Ivy League
university
located in Ithaca, New York
. It was founded in 1946 and renamed in 1984 after Samuel Curtis Johnson
, founder of S.C. Johnson & Son
, following his family's $20 million endowment gift to the school in his honor—at the time, the largest gift to any business school in the world.
The school is housed in Sage Hall
and supports 59 full-time faculty members. There are about 600 Master of Business Administration
(MBA) students in the full-time two-year and Accelerated MBA programs and 375 Executive MBA students.Thirty Ph.D students enrolled in the Cornell Graduate School are supervised by Johnson School faculty. The school counts over 11,000 alumni and publishes the academic journal Administrative Science Quarterly
.
The Johnson School traces its beginnings to the university's founding in 1865. University co-founder Ezra Cornell
proposed a Department of Trade and Commerce for the new university, which was "a radical departure from the day's conventional notions about higher education," as this proposal was made "sixteen years before Joseph Wharton
endowed the nation's first collegiate business school at the University of Pennsylvania
." At a university faculty meeting on 2 October 1868, Cornell co-founder and first president Andrew Dickson White
, suggested the creation of a professorship in bookkeeping
in the context of a larger proposal: the creation of a "commercial college." In the meantime, the Agriculture College continued to have a Department of Agricultural Economics and the Arts College continued to have a Department of Economics.
Formal movements towards a business school began in 1914, when faculty in the College of Agriculture
(which today offers an undergraduate business major) convened the first meeting of the "Committee on a Commercial College." Led by economics professor Allyn Young, the committee recommended the creation of a "two-year graduate course leading to the Master's degree" in both business and public administration. Young had been trained at Harvard University
, and the influence on the committee's discussion of its business school's creation only six year prior was apparent, as the committee's recommendations included instruction for graduate students only, selectivity in admissions, and integration into the larger university community.
The idea of a business school took a backseat to World War I
and its effects on the Cornell population. Following the Armistice of 1918
, second university president Jacob Gould Schurman called for the establishment of such a school, which he estimated would require $1 million to establish. However, financial difficulties surrounding the Great Depression
would further delay its creation.
In 1941, the university faculty recommended the creation of a School of Business and Public Administration, and it was unanimously approved on 10 December 1941, three days after Pearl Harbor
. Cornell courted Paul M. O'Leary
, who earned his doctorate at Cornell and was a member of Franklin D. Roosevelt's
"brain trust," to be dean of the new school. O'Leary leveraged an offer to be dean of the business school at the University of Minnesota
in negotiations for the Cornell position, ultimately signing for a salary of $9,000.
In 1946, Cornell University
opened the School of Business and Public Administration, holding classes in McGraw Hall and charging $200 for tuition for the first year. The school awarded two degrees—MBA and MPA—and its primary national recruiters included the Guaranty Trust Company of New York, Eastman Kodak
, DuPont
, General Electric
, AT&T
, and IBM
. In 1950 it gained acceptance of the Association to Advance Collegiate Schools of Business
. O'Leary stepped down as dean of the business school in 1951 to become dean of the College of Arts and Sciences
. Melvin G. deChazeau
was appointed acting dean until 1954, when Edward H. Litchfield became dean. Under Lichfield's tenure, a Ph.D.
program was established, the academic journal Administrative Science Quarterly
was created, a joint JD/MBA program with the Law School
was organized, and the school was renamed the Graduate School of Business and Public Administration. Litchfield left three years later for the chancellorship at the University of Pittsburgh
and was replaced by C. Stewart Sheppard
in 1957, followed by William D. Carmichael
in 1962. In 1964, the school was relocated to Malott Hall, which was specifically designed to house it.
During this period faculty divisions began to emerge, with three distinct groups vying for resources: business management, public administration, and healthcare administration (the Sloan
Program). In 1983, the faculty voted to end instruction in the latter two fields and to change the school's name to the Graduate School of Management. That same year, the school began offering a dual-degree MBA/MA in Asian Studies with Cornell's FALCON (Full-year Asian Language CONcentration) program, with the aim of producing American MBAs with some knowledge of Japanese language and culture gained through coursework in Ithaca and a required summer internship in Japan. The school also created an MBA/MEng, originally called the Program in Manufacturing Management (PIMM). At the same time, Curtis W. Tarr
was appointed dean of the school.
In 1984, Samuel Curtis Johnson, Jr.
and his family donated $20 million to the school, which was renamed the S.C. Johnson Graduate School of Management in honor of Johnson's grandfather, Samuel Curtis Johnson, Sr.
, the founder of S.C. Johnson & Son, Inc.
The endowment gift to the university was, at the time, the largest gift to any business school in the world. In 1989, Alan G. Merten
was appointed dean of the Johnson School. The year 1995 saw the creation of the Johnson School's first website, as well as the launch of its first 12-month option class. Merten left in 1996 to be President of George Mason University
.
In 1998, the school was relocated to the newly renovated Sage Hall, the school started the student-managed Cayuga MBA Fund, and the Parker Center for Investment Research was established. In 1999, the JGSM began offering an Executive MBA. In 2004, the Center for Sustainable Global Enterprise was established. L. Joseph Thomas
was appointed interim dean in 2007 and eventually the official dean in 2008. In Fall 2010, the school was rebranded in logo and in name: the Samuel Curtis Johnson Graduate School of Management at Cornell University, or simply Johnson at Cornell University or Johnson.
In 2011, Johnson hosted Facebook
-sponsored 3-Day Startup (3DS), an event where participants worked to start a technology company over the course of three days. Later that year, a Johnson team consisting of student portfolio managers in the school's $10 million Cayuga MBA Fund won second place in CNBC
's "MBA Face-Off" edition of its Million Dollar Portfolio Challenge, a nine-week, real-time fantasy stock and currency trading competition.
, a 19th century High Victorian Gothic. It is located near the center of Cornell's main campus, across the street from the Cornell School of Hotel Administration
and the four-diamond Statler Hotel. Inside Sage is a management library, a café, an atrium, classrooms, an executive lounge, a trading floor, student and faculty lounges, and a parlor. There are 38 breakout rooms and two phone booths, all of which can be reserved through the schools Microsoft Exchange Server
using Microsoft Outlook
. The building also has showers, shoe shining, and out-service dry cleaning. Offices are provided for all faculty and doctoral students, and MBA students are all assigned a locker.
The Boas Trading Room has technology providing real-time stock quotes, international data feeds, and financial analysis software and data valued at more than $1.8 million per year in licensing fees.
foothills. Admission to Johnson is highly selective, with the Class of 2013 comprising only 271 students. Entrance statistics for the Class of 2013 include a median score of 700 on the GMAT (90th percentile) and a median of four years of work experience. The student body is international and diverse, with 40% of students holding citizenship outside the United States. Women comprise 30% of the Class of 2013.
The core curriculum consists of one semester, divided into two halves. The first half focuses primarily on the internal aspects of the company and includes the courses Managing and Leading in Organizations 1, Microeconomics for Management, Financial Accounting, and Marketing Management. The first half then culminates in the Marketing Case Competition, sponsored by S.C. Johnson & Son
. The second semester focuses on the external aspects and includes the courses Statistics for Management, Managerial Finance, and Strategy. This half culminates each year in the Integrative Case Competition, sponsored by Citi.
The elective curriculum can be chosen from over 80 courses within Johnson and over 4,000 offered across the Cornell campus. Within Johnson, the diverse selection includes courses such as: Applied Portfolio Management, Behavioral Finance, Estate Planning, Power and Politics, Corporate Social Responsibility, Strategy & Tactics of Pricing, Entrepreneurship & Private Equity, Six-Sigma Quality & Procss Implementation, and International Mergers and Acquisitions. Johnson students are allowed to matriculate in graduate-level courses in any Cornell college, including Cornell Law School
, Cornell School of Hotel Administration
, Cornell School of Industrial & Labor Relations
, and Cornell College of Engineering
. Elective curriculum students can also complete a field study or independent student research project in lieu of a class. Field studies allow students to work together in a team closely with faculty members to launch a product, develop a new business, or research a real world issue. Independent student research projects provide an opportunity for a student to work with a faculty member to develop deep insights on a particular topic of interest. These options allow students to create a second year curriculum that is aligned with their personal and professional interests.
MBA students at Johnson are graded on a curve, with fixed grade point averages set at 3.3 for core courses and 3.5 for electives. In most courses, the grade consists of roughly 10% class participation, 10 percent individual case assignments, 40 percent exams, and 40 percent team presentations or papers. In order to graduate, students must have grade point averages of at least 2.7 overall and 2.5 in core courses. If a student drops below or near these thresholds, he or she receives an academic warning. The student is offered help in the form of academic counseling and tutors to improve academic performance. For the Class of 2011, 89 percent of students had job offers at graduation, with compensation packages including a $103,600 annual salary and a $23,200 signing bonus, on average.
Johnson immersions:
Students who wish to mix classes to create an immersion tailored to their career interests may enroll in the Customized Program. Regardless, there are two courses required as part of the immersion experience: Managing Operations and Managing and Leading in Organizations 2. Students may also add a Consulting focus to most immersions. The immersion experience culminates in the Global Leadership Case Competition.
For those with advanced science or technical degrees, Johnson offers a one-year Accelerated MBA. AMBAs begin in May and graduate in May of the following year. About 12 percent of the student body chooses to enroll in a dual degree program. The MBA/JD program has 3- and 4-year tracks, and the MBA/MPS program is for those who want to specialize in real estate. The MBA/MILR is a 2 1/2 program and has been termed the "crown jewel for aspiring human resources
professionals." Johnson also has MBA exchange programs with 21 universities in Europe
, Asia
, and Latin America
.
, #13 by Bloomberg BusinessWeek, and #16 by U.S. News and World Report. In global rankings for 2011, Johnson was ranked #14 by Business Insider
, #25 by The Economist
, and #30 by Financial Times
.
Additionally, the Aspen Institute
, which ranks institutions on how well schools incorporate issues concerning social and environmental stewardship into the curriculum, ranked Johnson #8 worldwide for 2011.
hosted the organization's annual conference, where GE
CEO Jeff Immelt was the keynote speaker.
Johnson students are represented to faculty/administration by an elected Student Council, and many students choose to take part in intramurals. Basketball, flag football, volleyball, soccer, and hockey are the main intramural sports that are offered. Many students also take part in not-for-credit Physical Education courses through the university, taking classes sail boating, fencing, massage therapy, horseback riding, and squash. The rigorous schedule of class work is often tempered by high energy social functions and perennial events such as the Immersion Olympics and Johnson Prom
. Every Thursday afternoon, the entire Johnson student body and faculty also enjoys a catered and themed social called Sage Social.
in the field of management, with primary concentrations in five areas:
Doctoral students select two minor areas of concentration in addition to their primary field. Secondary fields offered by Johnson include behavioral science, managerial economics, and quantitative analysis; however, students may select a minor concentration outside of Johnson if desired. The program is small, with about 40 students in residence at any given time. Students are provided a full tuition waiver, a stipend, and health insurance.
The doctoral program takes at least four years to complete, and the average time spent is five years. Students' first examination, admission to candidacy, is taken at or near the conclusion formal course work (typically following year three). This examination ascertains competence in students' chosen field and is administered in written and oral components. The second examination is a thesis defense, which is administered once the dissertation is complete.
For 2010, Johnson's Ph.D. program was ranked #1 for experimental financial accounting. For finance, Johnson's Ph.D. program was ranked #6 according to a 2006 study.
Established in 1999, the Cornell Executive MBA Program is based in Palisades, New York
, approximately 15 miles north of Manhattan
. This program uses a traditional classroom setting at the IBM
Executive Education Center. Classes are held every other weekend, all day Saturday and Sunday morning, in addition to four residence sessions on the Cornell University campus, and the program duration is 22 months. For 2010, Johnson's Executive MBA program was ranked #24 worldwide by Financial Times
.
In 2005 Johnson launched the Cornell-Queen's Executive MBA program (originally called the Cornell Boardroom Executive MBA program) in partnership with Queen's University
in Kingston
, Ontario
. This program organizes participants into teams of 6-8 people in cities across the USA and Canada and links these teams via multi-point, interactive videoconferencing for class sessions. Classes are typically held three Saturdays per month, in addition to three residence sessions on the Cornell and Queen’s University campuses. Graduates earn two MBAs, one from each institution, and the program duration is 16 months. For 2010, Johnson's CQ-EMBA program was ranked #55 worldwide by Financial Times.
In addition to formal education programs, Johnson offers tailored executive education training sessions, both on- and off-campus.
and the Parker Center for Investment Research.
Johnson publishes top-tier academic journal Administrative Science Quarterly
(ASQ). For 2007, ASQ had the highest "article influence score" according to Eigenfactor
, and it was ranked as the #16 academic journal in business by Financial Times
.
Since 2001, Johnson has also hosted its annual MBA Stock Pitch Challenge (SPC), a 12-hour competition in which teams of finance students from twelve top MBA programs prepare and present buy/hold/sell recommendations and vigorously defend them. The names of the winning schools are inscribed on the Jack M. Ferraro Trophy. The winningest school is Kellogg
, which has claimed first place three times (2004, 2005, 2006). The most recent winner is Chicago Booth
(2010).
Robert J. Swieringa
, member of the Board of Directors
for General Electric
; author and The New York Times
columnist Robert H. Frank
; Maureen O'Hara
, who was the first female president of the American Finance Association
;
and Robert Jarrow
, co-author of the Heath-Jarrow-Morton (HJM) framework
for pricing interest rate derivative
s.
CEO Irene Rosenfeld
(Ph.D.
'80), Ocean Spray
CEO Randy Papadellis (MBA), co-founder of PeopleSoft
David Duffield
(MBA '62), Booz & Company
Chairman Joe Saddi (MBA '83), former Chevron
CEO Ken Durr (MBA '60), Towers Watson
COO
Stuart Roth (MILR
/MBA '00), former Cargill
CEO Warren Staley (MBA '67), former CEO of Emerson
Charles F. Knight
(MBA '59), former Applied Materials
CEO James C. Morgan (MBA '63), Rock and Roll Hall of Fame
President Terry C. Stewart (MBA '72), Sprint Nextel
CEO Dan Hesse (MBA '77), BP
CFO Byron Grote (Ph.D. '81), Comcast
CIO
Andrew Baer (MBA '82), S.C. Johnson & Son
CEO Fisk Johnson
(MBA '84), and Nancy Schlichting (MBA '79), CEO of Detroit's Henry Ford Hospital
.
Johnson graduates are represented in academia and government by Robert S. Kaplan
(Ph.D. '68), HBS
professor and co-creator of the balanced scorecard
; Robert Sullivan (M.S. '68), Dean of the Rady School of Management
at UC San Diego; Ned C. Hill
(Ph.D. '76), 7th Dean of the Marriott School of Management
at Brigham Young University
; and John Hillen
(EMBA '04), former Assistant Secretary of State.
Graduate school
A graduate school is a school that awards advanced academic degrees with the general requirement that students must have earned a previous undergraduate degree...
business school
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
of Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...
, a private
Private university
Private universities are universities not operated by governments, although many receive public subsidies, especially in the form of tax breaks and public student loans and grants. Depending on their location, private universities may be subject to government regulation. Private universities are...
Ivy League
Ivy League
The Ivy League is an athletic conference comprising eight private institutions of higher education in the Northeastern United States. The conference name is also commonly used to refer to those eight schools as a group...
university
University
A university is an institution of higher education and research, which grants academic degrees in a variety of subjects. A university is an organisation that provides both undergraduate education and postgraduate education...
located in Ithaca, New York
Ithaca, New York
The city of Ithaca, is a city in upstate New York and the county seat of Tompkins County, as well as the largest community in the Ithaca-Tompkins County metropolitan area...
. It was founded in 1946 and renamed in 1984 after Samuel Curtis Johnson
Samuel Curtis Johnson, Sr.
Samuel Curtis Johnson created S. C. Johnson & Son, Inc of Racine, Wisconsin.In 1882 he moved to Racine where he became a parquet flooring salesman for the Racine Hardware Manufacturing Co. In 1886 he purchased the flooring business from the company and renamed it Johnson's Prepared Paste Wax Company...
, founder of S.C. Johnson & Son
S. C. Johnson & Son
S.C. Johnson & Son, Inc. , previously known as S. C. Johnson Wax , is a privately held, global manufacturer of household cleaning supplies and other consumer chemicals based in Racine, Wisconsin. It has operations in 72 countries and its brands are sold in over 110...
, following his family's $20 million endowment gift to the school in his honor—at the time, the largest gift to any business school in the world.
The school is housed in Sage Hall
Sage Residential College
Sage Hall was built in 1875 at Cornell University's Ithaca, New York campus. It was originally designed to be a residential building, however, currently it houses the Johnson Graduate School of Management...
and supports 59 full-time faculty members. There are about 600 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) students in the full-time two-year and Accelerated MBA programs and 375 Executive MBA students.Thirty Ph.D students enrolled in the Cornell Graduate School are supervised by Johnson School faculty. The school counts over 11,000 alumni and publishes the academic journal Administrative Science Quarterly
Administrative Science Quarterly
Administrative Science Quarterly is an academic journal covering the broad field of organizational studies. The journal was founded in 1956 and is published by SAGE Publications for the Samuel Curtis Johnson Graduate School of Management at Cornell University...
.
History
Ezra Cornell
Ezra Cornell was an American businessman and education administrator. He was a founder of Western Union and a co-founder of Cornell University...
proposed a Department of Trade and Commerce for the new university, which was "a radical departure from the day's conventional notions about higher education," as this proposal was made "sixteen years before Joseph Wharton
Joseph Wharton
Joseph Wharton was a prominent Philadelphia merchant, industrialist and philanthropist, who was involved in mining, manufacturing and education...
endowed the nation's first collegiate business school at the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
." At a university faculty meeting on 2 October 1868, Cornell co-founder and first president Andrew Dickson White
Andrew Dickson White
Andrew Dickson White was a U.S. diplomat, historian, and educator, who was the co-founder of Cornell University.-Family and personal life:...
, suggested the creation of a professorship in bookkeeping
Bookkeeping
Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process is usually...
in the context of a larger proposal: the creation of a "commercial college." In the meantime, the Agriculture College continued to have a Department of Agricultural Economics and the Arts College continued to have a Department of Economics.
Formal movements towards a business school began in 1914, when faculty in the College of Agriculture
Cornell University College of Agriculture and Life Sciences
The New York State College of Agriculture and Life Sciences is a statutory college at Cornell University, a private university located in Ithaca, New York...
(which today offers an undergraduate business major) convened the first meeting of the "Committee on a Commercial College." Led by economics professor Allyn Young, the committee recommended the creation of a "two-year graduate course leading to the Master's degree" in both business and public administration. Young had been trained at Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
, and the influence on the committee's discussion of its business school's creation only six year prior was apparent, as the committee's recommendations included instruction for graduate students only, selectivity in admissions, and integration into the larger university community.
The idea of a business school took a backseat to World War I
World War I
World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...
and its effects on the Cornell population. Following the Armistice of 1918
Armistice with Germany (Compiègne)
The armistice between the Allies and Germany was an agreement that ended the fighting in the First World War. It was signed in a railway carriage in Compiègne Forest on 11 November 1918 and marked a victory for the Allies and a complete defeat for Germany, although not technically a surrender...
, second university president Jacob Gould Schurman called for the establishment of such a school, which he estimated would require $1 million to establish. However, financial difficulties surrounding the Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...
would further delay its creation.
In 1941, the university faculty recommended the creation of a School of Business and Public Administration, and it was unanimously approved on 10 December 1941, three days after Pearl Harbor
Pearl Harbor
Pearl Harbor, known to Hawaiians as Puuloa, is a lagoon harbor on the island of Oahu, Hawaii, west of Honolulu. Much of the harbor and surrounding lands is a United States Navy deep-water naval base. It is also the headquarters of the U.S. Pacific Fleet...
. Cornell courted Paul M. O'Leary
Paul M. O'Leary
Paul Martin O'Leary was an American economist and educator, and the first Dean of the S.C. Johnson Graduate School of Management. He served on the faculty of Cornell University from 1924 until 1967, taking several leaves to join other economists from Eastern universities in Franklin D...
, who earned his doctorate at Cornell and was a member of Franklin D. Roosevelt's
Franklin D. Roosevelt
Franklin Delano Roosevelt , also known by his initials, FDR, was the 32nd President of the United States and a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic crisis and world war...
"brain trust," to be dean of the new school. O'Leary leveraged an offer to be dean of the business school at the University of Minnesota
University of Minnesota
The University of Minnesota, Twin Cities is a public research university located in Minneapolis and St. Paul, Minnesota, United States. It is the oldest and largest part of the University of Minnesota system and has the fourth-largest main campus student body in the United States, with 52,557...
in negotiations for the Cornell position, ultimately signing for a salary of $9,000.
In 1946, Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...
opened the School of Business and Public Administration, holding classes in McGraw Hall and charging $200 for tuition for the first year. The school awarded two degrees—MBA and MPA—and its primary national recruiters included the Guaranty Trust Company of New York, Eastman Kodak
Eastman Kodak
Eastman Kodak Company is a multinational imaging and photographic equipment, materials and services company headquarted in Rochester, New York, United States. It was founded by George Eastman in 1892....
, DuPont
DuPont
E. I. du Pont de Nemours and Company , commonly referred to as DuPont, is an American chemical company that was founded in July 1802 as a gunpowder mill by Eleuthère Irénée du Pont. DuPont was the world's third largest chemical company based on market capitalization and ninth based on revenue in 2009...
, General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
, AT&T
AT&T
AT&T Inc. is an American multinational telecommunications corporation headquartered in Whitacre Tower, Dallas, Texas, United States. It is the largest provider of mobile telephony and fixed telephony in the United States, and is also a provider of broadband and subscription television services...
, and IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
. In 1950 it gained acceptance of the Association to Advance Collegiate Schools of Business
Association to Advance Collegiate Schools of Business
The Association to Advance Collegiate Schools of Business was founded in 1916 to accredit schools of business worldwide. The first accreditations took place in 1919. The stated mission is to advance quality management education worldwide through accreditation and thought leadership. It is regarded...
. O'Leary stepped down as dean of the business school in 1951 to become dean of the College of Arts and Sciences
Cornell University College of Arts and Sciences
The College of Arts and Sciences is a division of Cornell University. It has been part of the university since its founding, although its name has changed over time. It grants bachelors degrees, and masters and doctorates through affiliation with the Cornell University Graduate School...
. Melvin G. deChazeau
Melvin G. deChazeau
Melvin G. de Chazeau was an American economist and the second Dean of Cornell’s S.C. Johnson Graduate School of Management following Paul O'Leary's return to teaching. De Chazeau joined the university’s College of Arts & Sciences Economics Department in 1948 and he retired from the Cornell...
was appointed acting dean until 1954, when Edward H. Litchfield became dean. Under Lichfield's tenure, a 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 was established, the academic journal Administrative Science Quarterly
Administrative Science Quarterly
Administrative Science Quarterly is an academic journal covering the broad field of organizational studies. The journal was founded in 1956 and is published by SAGE Publications for the Samuel Curtis Johnson Graduate School of Management at Cornell University...
was created, a joint JD/MBA program with the Law School
Cornell Law School
Cornell Law School, located in Ithaca, New York, is a graduate school of Cornell University and one of the five Ivy League law schools. The school confers three law degrees...
was organized, and the school was renamed the Graduate School of Business and Public Administration. Litchfield left three years later for the chancellorship at the University of Pittsburgh
University of Pittsburgh
The University of Pittsburgh, commonly referred to as Pitt, is a state-related research university located in Pittsburgh, Pennsylvania, United States. Founded as Pittsburgh Academy in 1787 on what was then the American frontier, Pitt is one of the oldest continuously chartered institutions of...
and was replaced by C. Stewart Sheppard
C. Stewart Sheppard
Charles Stewart Sheppard was an American educator and third dean of the S.C. Johnson School of Business at Cornell University....
in 1957, followed by William D. Carmichael
William D. Carmichael
William Daniel Carmichael is an American educator and the former fifth Dean of the S.C. Johnson Graduate School of Management at Cornell University. Carmichael served as Dean from 1962 to 1968. Dean Carmichael holds a B.Lit. from Oxford University, where he was honored as a Rhodes Scholar. He...
in 1962. In 1964, the school was relocated to Malott Hall, which was specifically designed to house it.
During this period faculty divisions began to emerge, with three distinct groups vying for resources: business management, public administration, and healthcare administration (the Sloan
Alfred P. Sloan
Alfred Pritchard Sloan, Jr. was an American business executive in the automotive industry. He was a long-time president, chairman, and CEO of General Motors Corporation...
Program). In 1983, the faculty voted to end instruction in the latter two fields and to change the school's name to the Graduate School of Management. That same year, the school began offering a dual-degree MBA/MA in Asian Studies with Cornell's FALCON (Full-year Asian Language CONcentration) program, with the aim of producing American MBAs with some knowledge of Japanese language and culture gained through coursework in Ithaca and a required summer internship in Japan. The school also created an MBA/MEng, originally called the Program in Manufacturing Management (PIMM). At the same time, Curtis W. Tarr
Curtis W. Tarr
Curtis William Tarr was the seventh dean of the S.C. Johnson Graduate School of Management at Cornell University and the twelfth president of Lawrence University in Appleton, Wisconsin. Tarr took his B.A. from Leland Stanford Jr. University, his M.B.A. from Harvard University and returned to...
was appointed dean of the school.
In 1984, Samuel Curtis Johnson, Jr.
Samuel Curtis Johnson, Jr.
Samuel Curtis Johnson, Jr. was the fourth generation of his family to lead S. C. Johnson & Son, Inc., which is headquartered in Racine, Wisconsin. He was the son of Herbert Fisk Johnson, Jr. and the great-grandson of company founder, Samuel Curtis Johnson, Sr...
and his family donated $20 million to the school, which was renamed the S.C. Johnson Graduate School of Management in honor of Johnson's grandfather, Samuel Curtis Johnson, Sr.
Samuel Curtis Johnson, Sr.
Samuel Curtis Johnson created S. C. Johnson & Son, Inc of Racine, Wisconsin.In 1882 he moved to Racine where he became a parquet flooring salesman for the Racine Hardware Manufacturing Co. In 1886 he purchased the flooring business from the company and renamed it Johnson's Prepared Paste Wax Company...
, the founder of S.C. Johnson & Son, Inc.
S. C. Johnson & Son
S.C. Johnson & Son, Inc. , previously known as S. C. Johnson Wax , is a privately held, global manufacturer of household cleaning supplies and other consumer chemicals based in Racine, Wisconsin. It has operations in 72 countries and its brands are sold in over 110...
The endowment gift to the university was, at the time, the largest gift to any business school in the world. In 1989, Alan G. Merten
Alan G. Merten
Alan Gilbert Merten is currently the President of George Mason University.-Biography:Merten received an undergraduate degree in mathematics at the University of Wisconsin–Madison, a masters in Computer science from Stanford University, and a PhD in Computer Science at the University of...
was appointed dean of the Johnson School. The year 1995 saw the creation of the Johnson School's first website, as well as the launch of its first 12-month option class. Merten left in 1996 to be President of George Mason University
George Mason University
George Mason University is a public university based in unincorporated Fairfax County, Virginia, United States, south of and adjacent to the city of Fairfax. Additional campuses are located nearby in Arlington County, Prince William County, and Loudoun County...
.
In 1998, the school was relocated to the newly renovated Sage Hall, the school started the student-managed Cayuga MBA Fund, and the Parker Center for Investment Research was established. In 1999, the JGSM began offering an Executive MBA. In 2004, the Center for Sustainable Global Enterprise was established. L. Joseph Thomas
L. Joseph Thomas
Louis Joseph Thomas is an American educator and administrator who serves as the Anne and Elmer Lindseth Dean and Professor of Operations Management of the Samuel Curtis Johnson Graduate School of Management at Cornell University....
was appointed interim dean in 2007 and eventually the official dean in 2008. In Fall 2010, the school was rebranded in logo and in name: the Samuel Curtis Johnson Graduate School of Management at Cornell University, or simply Johnson at Cornell University or Johnson.
In 2011, Johnson hosted Facebook
Facebook
Facebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook, Inc. , Facebook has more than 800 million active users. Users must register before using the site, after which they may create a personal profile, add other users as...
-sponsored 3-Day Startup (3DS), an event where participants worked to start a technology company over the course of three days. Later that year, a Johnson team consisting of student portfolio managers in the school's $10 million Cayuga MBA Fund won second place in CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
's "MBA Face-Off" edition of its Million Dollar Portfolio Challenge, a nine-week, real-time fantasy stock and currency trading competition.
Campus
Johnson is housed entirely in Sage HallSage Residential College
Sage Hall was built in 1875 at Cornell University's Ithaca, New York campus. It was originally designed to be a residential building, however, currently it houses the Johnson Graduate School of Management...
, a 19th century High Victorian Gothic. It is located near the center of Cornell's main campus, across the street from the Cornell School of Hotel Administration
Cornell University School of Hotel Administration
The School of Hotel Administration at Cornell University is a specialized business school for hospitality management founded in 1922 as the first four-year intercollegiate school devoted to the field...
and the four-diamond Statler Hotel. Inside Sage is a management library, a café, an atrium, classrooms, an executive lounge, a trading floor, student and faculty lounges, and a parlor. There are 38 breakout rooms and two phone booths, all of which can be reserved through the schools Microsoft Exchange Server
Microsoft Exchange Server
Microsoft Exchange Server is the server side of a client–server, collaborative application product developed by Microsoft. It is part of the Microsoft Servers line of server products and is used by enterprises using Microsoft infrastructure products...
using Microsoft Outlook
Microsoft Outlook
Microsoft Outlook is a personal information manager from Microsoft, available both as a separate application as well as a part of the Microsoft Office suite...
. The building also has showers, shoe shining, and out-service dry cleaning. Offices are provided for all faculty and doctoral students, and MBA students are all assigned a locker.
The Boas Trading Room has technology providing real-time stock quotes, international data feeds, and financial analysis software and data valued at more than $1.8 million per year in licensing fees.
MBA program
Johnson offers a two-year full-time MBA program, which consists of one semester of mandatory courses (core), one semester in an immersion, and an optional second-year concentration. Unlike other MBA programs whose mandatory courses occupy the entire first year, Johnson utilizes an intense first semester core model, allowing students to engage in an immersion (concentration) and specialize prior to interviewing for summer internships. Students who do not have a business background prior to matriculating at Johnson may attend a week-long MBA math boot camp to get up to speed, and orientation consists of a two-week leadership course that culminates in the Johnson Outdoor Experience (JOE), a two-day adventure-based activity in the Finger LakesFinger Lakes
The Finger Lakes are a pattern of lakes in the west-central section of Upstate New York in the United States. They are a popular tourist destination. The lakes are long and thin , each oriented roughly on a north-south axis. The two longest, Cayuga Lake and Seneca Lake, are among the deepest in...
foothills. Admission to Johnson is highly selective, with the Class of 2013 comprising only 271 students. Entrance statistics for the Class of 2013 include a median score of 700 on the GMAT (90th percentile) and a median of four years of work experience. The student body is international and diverse, with 40% of students holding citizenship outside the United States. Women comprise 30% of the Class of 2013.
The core curriculum consists of one semester, divided into two halves. The first half focuses primarily on the internal aspects of the company and includes the courses Managing and Leading in Organizations 1, Microeconomics for Management, Financial Accounting, and Marketing Management. The first half then culminates in the Marketing Case Competition, sponsored by S.C. Johnson & Son
S. C. Johnson & Son
S.C. Johnson & Son, Inc. , previously known as S. C. Johnson Wax , is a privately held, global manufacturer of household cleaning supplies and other consumer chemicals based in Racine, Wisconsin. It has operations in 72 countries and its brands are sold in over 110...
. The second semester focuses on the external aspects and includes the courses Statistics for Management, Managerial Finance, and Strategy. This half culminates each year in the Integrative Case Competition, sponsored by Citi.
The elective curriculum can be chosen from over 80 courses within Johnson and over 4,000 offered across the Cornell campus. Within Johnson, the diverse selection includes courses such as: Applied Portfolio Management, Behavioral Finance, Estate Planning, Power and Politics, Corporate Social Responsibility, Strategy & Tactics of Pricing, Entrepreneurship & Private Equity, Six-Sigma Quality & Procss Implementation, and International Mergers and Acquisitions. Johnson students are allowed to matriculate in graduate-level courses in any Cornell college, including Cornell Law School
Cornell Law School
Cornell Law School, located in Ithaca, New York, is a graduate school of Cornell University and one of the five Ivy League law schools. The school confers three law degrees...
, Cornell School of Hotel Administration
Cornell University School of Hotel Administration
The School of Hotel Administration at Cornell University is a specialized business school for hospitality management founded in 1922 as the first four-year intercollegiate school devoted to the field...
, Cornell School of Industrial & Labor Relations
Cornell University School of Industrial and Labor Relations
The New York State School of Industrial and Labor Relations is an industrial relations school at Cornell University, an Ivy League university located in Ithaca, New York, USA...
, and Cornell College of Engineering
Cornell University College of Engineering
The College of Engineering is a division of Cornell University that was founded in 1870 as the Sibley College of Mechanical Engineering and Mechanic Arts...
. Elective curriculum students can also complete a field study or independent student research project in lieu of a class. Field studies allow students to work together in a team closely with faculty members to launch a product, develop a new business, or research a real world issue. Independent student research projects provide an opportunity for a student to work with a faculty member to develop deep insights on a particular topic of interest. These options allow students to create a second year curriculum that is aligned with their personal and professional interests.
MBA students at Johnson are graded on a curve, with fixed grade point averages set at 3.3 for core courses and 3.5 for electives. In most courses, the grade consists of roughly 10% class participation, 10 percent individual case assignments, 40 percent exams, and 40 percent team presentations or papers. In order to graduate, students must have grade point averages of at least 2.7 overall and 2.5 in core courses. If a student drops below or near these thresholds, he or she receives an academic warning. The student is offered help in the form of academic counseling and tutors to improve academic performance. For the Class of 2011, 89 percent of students had job offers at graduation, with compensation packages including a $103,600 annual salary and a $23,200 signing bonus, on average.
Immersion learning
A unique aspect of the Johnson MBA experience is completion of an intense, hands-on semester of integrated course and field work in a specific industry or career interest, prior to setting out for a mid-MBA summer internship. Immersions consist of interrelated electives, several site visits to regional companies, and live cases.Johnson immersions:
- Capital Markets and Asset Management (CMAM)
- Entrepreneurship and Private Equity (EPE)
- Investment Banking
- Managerial Finance (MFI)
- Semester in Strategic Operations (SSO)
- Strategic Marketing
- Sustainable Global Enterprise (SGE)
Students who wish to mix classes to create an immersion tailored to their career interests may enroll in the Customized Program. Regardless, there are two courses required as part of the immersion experience: Managing Operations and Managing and Leading in Organizations 2. Students may also add a Consulting focus to most immersions. The immersion experience culminates in the Global Leadership Case Competition.
Accelerated, joint, and exchange programs
- Accelerated MBA (AMBA)
- Joint program with Cornell College of EngineeringCornell University College of EngineeringThe College of Engineering is a division of Cornell University that was founded in 1870 as the Sibley College of Mechanical Engineering and Mechanic Arts...
(MBA/MEng) - Joint program with Weill Cornell Medical College (MBA/MD)
- Joint program with Cornell School of Industrial & Labor RelationsCornell University School of Industrial and Labor RelationsThe New York State School of Industrial and Labor Relations is an industrial relations school at Cornell University, an Ivy League university located in Ithaca, New York, USA...
(MBA/MILR) - Joint program with Cornell Law SchoolCornell Law SchoolCornell Law School, located in Ithaca, New York, is a graduate school of Cornell University and one of the five Ivy League law schools. The school confers three law degrees...
(MBA/JD) - Joint program with Cornell College of Architecture, Art, and PlanningCornell University College of Architecture, Art, and PlanningThe College of Architecture, Art, and Planning at Cornell University was established in 1871 as the School of Architecture with the hiring of Charles Babcock as the first Professor creating the first four-year course of study in architecture in the United States...
(MBA/MPS) - Joint program with Cornell Institute for Public AffairsCornell Institute for Public AffairsThe Cornell Institute for Public Affairs is a public policy program at Cornell University. It acts as a quasi-department, independent of any college or school at Cornell...
(MBA/MPA)
For those with advanced science or technical degrees, Johnson offers a one-year Accelerated MBA. AMBAs begin in May and graduate in May of the following year. About 12 percent of the student body chooses to enroll in a dual degree program. The MBA/JD program has 3- and 4-year tracks, and the MBA/MPS program is for those who want to specialize in real estate. The MBA/MILR is a 2 1/2 program and has been termed the "crown jewel for aspiring human resources
Human resources
Human resources is a term used to describe the individuals who make up the workforce of an organization, although it is also applied in labor economics to, for example, business sectors or even whole nations...
professionals." Johnson also has MBA exchange programs with 21 universities in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
, and Latin America
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
.
Rankings
For 2011, national rankings of Johnson's MBA program include #8 by ForbesForbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
, #13 by Bloomberg BusinessWeek, and #16 by U.S. News and World Report. In global rankings for 2011, Johnson was ranked #14 by Business Insider
Business Insider
Business Insider is a U.S. business/entertainment news website launched in February 2009. Founded by DoubleClick Founder and former C.E.O. Kevin P. Ryan it is the overarching brand beneath which fall the Silicon Alley Insider and Clusterstock verticals...
, #25 by The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
, and #30 by 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....
.
Additionally, the 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...
, which ranks institutions on how well schools incorporate issues concerning social and environmental stewardship into the curriculum, ranked Johnson #8 worldwide for 2011.
Student life
Students can join one or more of the more than 100 clubs within Johnson and hundreds of others that accommodate a university-wide membership. Clubs within Johnson range in interest from in entrepreneurship to wine tasting to international affairs to skiing. The clubs invite speakers to campus, organize trips, social events, and help forming bonds between students of similar interests. In 2009, Johnson's chapter of Net ImpactNet Impact
Net Impact is a nonprofit membership organization for students and professionals interested in using business skills in support of various social and environmental causes. It serves both a professional organization and one of the largest student organizations among MBAs in the world...
hosted the organization's annual conference, where GE
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
CEO Jeff Immelt was the keynote speaker.
Johnson students are represented to faculty/administration by an elected Student Council, and many students choose to take part in intramurals. Basketball, flag football, volleyball, soccer, and hockey are the main intramural sports that are offered. Many students also take part in not-for-credit Physical Education courses through the university, taking classes sail boating, fencing, massage therapy, horseback riding, and squash. The rigorous schedule of class work is often tempered by high energy social functions and perennial events such as the Immersion Olympics and Johnson Prom
Prom
In the United States and Canada, a prom, short for promenade, is a formal dance, or gathering of high school students. It is typically held near the end of the senior year. It figures greatly in popular culture and is a major event among high school students...
. Every Thursday afternoon, the entire Johnson student body and faculty also enjoys a catered and themed social called Sage Social.
Doctoral program
Johnson offers a Doctor of PhilosophyDoctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
in the field of management, with primary concentrations in five areas:
- Accounting
- Finance
- Marketing
- Management and Organizations
- Production and Operations management
Doctoral students select two minor areas of concentration in addition to their primary field. Secondary fields offered by Johnson include behavioral science, managerial economics, and quantitative analysis; however, students may select a minor concentration outside of Johnson if desired. The program is small, with about 40 students in residence at any given time. Students are provided a full tuition waiver, a stipend, and health insurance.
The doctoral program takes at least four years to complete, and the average time spent is five years. Students' first examination, admission to candidacy, is taken at or near the conclusion formal course work (typically following year three). This examination ascertains competence in students' chosen field and is administered in written and oral components. The second examination is a thesis defense, which is administered once the dissertation is complete.
For 2010, Johnson's Ph.D. program was ranked #1 for experimental financial accounting. For finance, Johnson's Ph.D. program was ranked #6 according to a 2006 study.
Executive education
Johnson has two off-campus Executive MBA programs:- Cornell Executive MBA
- Cornell-Queen's Executive MBA
Established in 1999, the Cornell Executive MBA Program is based in Palisades, New York
Palisades, New York
Palisades, formerly known as Sneden's Landing, is a hamlet in the Town of Orangetown in Rockland County, New York, United States, located north of Rockleigh and Alpine, New Jersey; east of Tappan; south of Sparkill; and west of the Hudson River....
, approximately 15 miles north of Manhattan
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...
. This program uses a traditional classroom setting at the IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
Executive Education Center. Classes are held every other weekend, all day Saturday and Sunday morning, in addition to four residence sessions on the Cornell University campus, and the program duration is 22 months. For 2010, Johnson's Executive MBA program was ranked #24 worldwide by 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....
.
In 2005 Johnson launched the Cornell-Queen's Executive MBA program (originally called the Cornell Boardroom Executive MBA program) in partnership with Queen's University
Queen's University
Queen's University, , is a public research university located in Kingston, Ontario, Canada. Founded on 16 October 1841, the university pre-dates the founding of Canada by 26 years. Queen's holds more more than of land throughout Ontario as well as Herstmonceux Castle in East Sussex, England...
in Kingston
Kingston, Ontario
Kingston, Ontario is a Canadian city located in Eastern Ontario where the St. Lawrence River flows out of Lake Ontario. Originally a First Nations settlement called "Katarowki," , growing European exploration in the 17th Century made it an important trading post...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
. This program organizes participants into teams of 6-8 people in cities across the USA and Canada and links these teams via multi-point, interactive videoconferencing for class sessions. Classes are typically held three Saturdays per month, in addition to three residence sessions on the Cornell and Queen’s University campuses. Graduates earn two MBAs, one from each institution, and the program duration is 16 months. For 2010, Johnson's CQ-EMBA program was ranked #55 worldwide by Financial Times.
In addition to formal education programs, Johnson offers tailored executive education training sessions, both on- and off-campus.
Organization, research, and programs
Johnson courses are organized under nine academic departments: accounting, communications, economics, entrepreneurship, finance, global business, management and organizations, marketing, operations management, and technology. Johnson's interdisciplinary centers include the Center for Leadership, the Center for Manufacturing Enterprise, the Center for Sustainable Global EnterpriseCenter for Sustainable Global Enterprise
The Center for Sustainable Global Enterprise is one of two centers of research, learning, and practice in the Samuel Curtis Johnson Graduate School of Management at Cornell University.-History:...
and the Parker Center for Investment Research.
Johnson publishes top-tier academic journal Administrative Science Quarterly
Administrative Science Quarterly
Administrative Science Quarterly is an academic journal covering the broad field of organizational studies. The journal was founded in 1956 and is published by SAGE Publications for the Samuel Curtis Johnson Graduate School of Management at Cornell University...
(ASQ). For 2007, ASQ had the highest "article influence score" according to Eigenfactor
Eigenfactor
The Eigenfactor score, developed by Jevin West and Carl Bergstrom at the University of Washington, is a rating of the total importance of a scientific journal...
, and it was ranked as the #16 academic journal in business by 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....
.
Since 2001, Johnson has also hosted its annual MBA Stock Pitch Challenge (SPC), a 12-hour competition in which teams of finance students from twelve top MBA programs prepare and present buy/hold/sell recommendations and vigorously defend them. The names of the winning schools are inscribed on the Jack M. Ferraro Trophy. The winningest school is Kellogg
Kellogg School of Management
The Kellogg School of Management is the business school of Northwestern University in Evanston, Illinois, downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, as well as partnering programs with schools in China, India, Hong Kong, Israel,...
, which has claimed first place three times (2004, 2005, 2006). The most recent winner is Chicago Booth
Booth School of Business
The University of Chicago Booth School of Business is a graduate business school located in Chicago, Illinois, at the University of Chicago. Formerly known as the University of Chicago Graduate School of Business, Chicago Booth is the second oldest business school in the U.S., the first such school...
(2010).
People
Faculty
Professors at Johnson include former school deanDean (education)
In academic administration, a dean is a person with significant authority over a specific academic unit, or over a specific area of concern, or both...
Robert J. Swieringa
Robert J. Swieringa
Robert Jay Swieringa was the ninth Dean of the S.C. Johnson Graduate School of Management at Cornell University. He was succeeded by L. Joseph Thomas....
, member of the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
for General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
; author and The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...
columnist Robert H. Frank
Robert H. Frank
Robert H. Frank is the Henrietta Johnson Louis Professor of Management and a Professor of Economics at the Samuel Curtis Johnson Graduate School of Management at Cornell University. He contributes to the "Economic View" column, which appears every fifth Sunday in The New York Times.-Career:Frank...
; Maureen O'Hara
Maureen O'Hara (professor)
Maureen Patricia O'Hara is an American financial economist. O'Hara is the Robert W. Purcell Professor of Management, a professor of finance, and Acting Director in Graduate Studies at the Samuel Curtis Johnson Graduate School of Management at Cornell University...
, who was the first female president of the American Finance Association
American Finance Association
The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939...
;
and Robert Jarrow
Robert A. Jarrow
Robert Alan Jarrow is the Ronald P. and Susan E. Lynch Professor of Investment Management at the Johnson Graduate School of Management, Cornell University...
, co-author of the Heath-Jarrow-Morton (HJM) framework
Heath-Jarrow-Morton framework
The Heath–Jarrow–Morton framework is a general framework to model the evolution of interest rate curve – instantaneous forward rate curve in particular . When the volatility and drift of the instantaneous forward rate are assumed to be deterministic, this is known as the Gaussian...
for pricing interest rate derivative
Interest rate derivative
An interest rate derivative is a derivative where the underlying asset is the right to pay or receive a notional amount of money at a given interest rate...
s.
Alumni
The school's graduates have served in executive leadership positions for numerous corporations. Alumni include Kraft FoodsKraft Foods
Kraft Foods Inc. is an American confectionery, food and beverage conglomerate. It markets many brands in more than 170 countries. 12 of its brands annually earn more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oscar Mayer, Philadelphia, Trident, Tang...
CEO Irene Rosenfeld
Irene Rosenfeld
Irene Blecker Rosenfeld is an American businesswoman, who is the current CEO and Chairwoman of Kraft Foods.-Early life and education:...
(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...
'80), Ocean Spray
Ocean Spray (cooperative)
Ocean Spray is an agricultural cooperative of growers of cranberries and grapefruit headquartered in Lakeville/Middleborough, Massachusetts. It currently has over 600 member growers . The cooperative employs about 2,000 people, with sales of $1.4 billion in fiscal year 2005...
CEO Randy Papadellis (MBA), co-founder of PeopleSoft
PeopleSoft
PeopleSoft, Inc. was a company that provided Human Resource Management Systems , Financial Management Solutions , Supply Chain and customer relationship management software, as well as software solutions for manufacturing, enterprise performance management, and student administration to large...
David Duffield
David Duffield
David Duffield is an American businessman in the software industry. He is the co-founder and former chairman of PeopleSoft, the co-founder and co-CEO at Workday, Inc., and has been on the Forbes World's Richest People list...
(MBA '62), Booz & Company
Booz & Company
Booz & Company is a global management consulting firm established in the United States in 1914. It is recognized as one of the most prestigious management consulting firms in the world and one of the best consulting firms to work for by Consulting Magazine...
Chairman Joe Saddi (MBA '83), former Chevron
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...
CEO Ken Durr (MBA '60), Towers Watson
Towers Watson
Towers Watson is a global consulting firm. Its principal lines of business are risk management and human resource consulting. It also has strong actuarial, investment consulting, and reinsurance brokerage practices. The Towers Watson corporate offices are in New York, New York.Towers Watson was...
COO
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
Stuart Roth (MILR
MILR
MILR is used as a four letter acronym for the following:* Master of Industrial and Labor Relations, a professional degree at Cornell University* Michigan LambdaRail , a computer network based at University of Michigan...
/MBA '00), former Cargill
Cargill
Cargill, Incorporated is a privately held, multinational corporation based in Minnetonka, Minnesota. Founded in 1865, it is now the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2011, number 13 on the Fortune 500,...
CEO Warren Staley (MBA '67), former CEO of Emerson
Emerson Electric Company
Emerson Electric Company is a major multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 company manufactures products and provides engineering services for a wide range of industrial, commercial, and consumer markets.Emerson is one of the largest...
Charles F. Knight
Charles F. Knight
Charles F. Knight is chairman emeritus of Emerson Electric Co., a manufacturer of electrical, electromechanical and electronic products and systems. He served as chairman of Emerson Electric from 1974 to 2004 and as chief executive officer from 1973 to 2000. He also served as president from 1986 to...
(MBA '59), former Applied Materials
Applied Materials
Applied Materials, Inc. is a capital equipment producer serving the semiconductor, TFT LCD display, Glass, WEB and solar manufacturing industries....
CEO James C. Morgan (MBA '63), Rock and Roll Hall of Fame
Rock and Roll Hall of Fame
The Rock and Roll Hall of Fame and Museum is a museum located on the shore of Lake Erie in downtown Cleveland, Ohio, United States. It is dedicated to archiving the history of some of the best-known and most influential artists, producers, engineers and others who have, in some major way,...
President Terry C. Stewart (MBA '72), Sprint Nextel
Sprint Nextel
Sprint Nextel Corporation is an American telecommunications company based in Overland Park, Kansas. The company owns and operates Sprint, the third largest wireless telecommunications network in the United States, with 53.4 million customers, behind Verizon Wireless and AT&T Mobility...
CEO Dan Hesse (MBA '77), BP
BP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...
CFO Byron Grote (Ph.D. '81), Comcast
Comcast
Comcast Corporation is the largest cable operator, home Internet service provider, and fourth largest home telephone service provider in the United States, providing cable television, broadband Internet, and telephone service to both residential and commercial customers in 39 states and the...
CIO
Chief information officer
Chief information officer , or information technology director, is a job title commonly given to the most senior executive in an enterprise responsible for the information technology and computer systems that support enterprise goals...
Andrew Baer (MBA '82), S.C. Johnson & Son
S. C. Johnson & Son
S.C. Johnson & Son, Inc. , previously known as S. C. Johnson Wax , is a privately held, global manufacturer of household cleaning supplies and other consumer chemicals based in Racine, Wisconsin. It has operations in 72 countries and its brands are sold in over 110...
CEO Fisk Johnson
Herbert Fisk Johnson III
Herbert Fisk Johnson III or H. Fisk Johnson III , known as "Fisk", is the fifth generation of his family to lead S. C. Johnson & Son, Inc of Racine, WI. He is the current Chairman and CEO of the company. He is the son of Samuel Curtis Johnson, Jr., who died in 2004, and Imogene Powers Johnson...
(MBA '84), and Nancy Schlichting (MBA '79), CEO of Detroit's Henry Ford Hospital
Henry Ford Hospital
Henry Ford Hospital, the flagship facility for , is an 805-bed tertiary care hospital, education and research complex located in Detroit ....
.
Johnson graduates are represented in academia and government by Robert S. Kaplan
Robert S. Kaplan
Robert S. Kaplan is Baker Foundation Professor at Harvard Business School, United States, and co-creator, together with David P. Norton, of the balanced scorecard, a means of linking a company's current actions to its long-term goals...
(Ph.D. '68), HBS
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
professor and co-creator of the balanced scorecard
Balanced scorecard
The Balanced Scorecard is a strategic performance management tool - a semi-standard structured report, supported by proven design methods and automation tools, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the...
; Robert Sullivan (M.S. '68), Dean of the Rady School of Management
Rady School of Management
The Rady School of Management at the University of California, San Diego is a graduate-level business school offering full-time and part-time Master of Business Administration degree programs in addition to non-degree executive development programs, Ph.D.s and undergraduate courses including a...
at UC San Diego; Ned C. Hill
Ned C. Hill
Ned Cromar Hill is the National Advisory Council Professor of Business Management and former dean of the Marriott School of Management at Brigham Young University. He was appointed to the position in July 1998 and served until June 2008. Hill has been a part of Brigham Young University since 1987...
(Ph.D. '76), 7th Dean of the Marriott School of Management
Marriott School of Management
The Marriott School of Management is a business school located in Provo, Utah at Brigham Young University , a private university in the United States owned by The Church of Jesus Christ of Latter-day Saints...
at Brigham Young University
Brigham Young University
Brigham Young University is a private university located in Provo, Utah. It is owned and operated by The Church of Jesus Christ of Latter-day Saints , and is the United States' largest religious university and third-largest private university.Approximately 98% of the university's 34,000 students...
; and John Hillen
John Hillen
John Hillen is the former Assistant Secretary of State for Political-Military Affairs, nominated by President George W. Bush, who served from October 11, 2005 until January 11, 2007. He currently serves as the President and CEO of formerly Global Defense Technology & Systems, Inc...
(EMBA '04), former Assistant Secretary of State.
See also
- List of United States business school rankings
- List of business schools in the United States
- Ivy League business schoolsIvy League business schoolsThis list of Ivy League business schools outlines the six universities of the Ivy League that host a business school. The creation of business schools at Ivy League universities occurred over a period of nearly a century, beginning with the Wharton School of the University of Pennsylvania, founded...
- List of deans of the Johnson Graduate School of Management
- Charles H. Dyson School of Applied Economics and Management, Cornell's undergraduate business school