What Is the Marriott School of Business?
The Marriott School of Business is the business school of the Brigham Young University (BYU). The school is located in Provo, Utah, and offers both undergraduate and graduate business programs. The Marriott School of Business is well-known for its Master of Business Administration (MBA) program. The program is substantially more affordable than that of similar b-schools and consistently ranks among some of the best in the United States by leading publications.
- The Marriott School of Business is a private business school located at Brigham Young University.
- Its MBA program costs less than half of its closest competitors and offers reduced tuition to members of the Church of Jesus Christ of Latter-Day Saints, which founded the school.
- The school's MBA program consistently ranks among the best in the United States.
Understanding the Marriott School of Business
The Marriott School of Business was founded in 1891 as the Commercial College. The name was changed to the Marriott School of Business in 1988 following a $15 million donation by entrepreneurs and philanthropists, J. Willard Marriott and Alice Marriott, founders of the Marriott hotel franchise. The school is part of Brigham Young University, a private institution owned by the Church of Jesus Christ of Latter-day Saints, and is housed at the Tanner Building on campus.
The Marriott School of Business' undergraduate degree programs cover the traditional range of b-school subjects, such as accounting, finance, and management, as well as nonprofit management, entrepreneurship, marketing, and information systems. At the graduate level, the school offers a range of MBA and postgraduate programs. In addition to the full-time MBA program, which takes 2 years to complete, the school also offers an executive MBA program that is designed for students who wish to study on a part-time basis while continuing to work in their careers.
The school also operates dedicated research centers specializing in entrepreneurship, international business, and social enterprises. It also emphasizes the importance of moral conduct and leadership and incorporates courses on business ethics into its curriculum.
According to the school's fact sheet, nearly 3,300 undergraduate and graduate students attend the business school on an annual basis. Eight percent of the student body is comprised of international students. The school has almost 350 staff members which include nearly 140 faculty members who teach on a full-time basis at the school. The remaining group comprises of administrative, adjunct, part-time, and student teachers. The Marriott School of Business has nearly 55,000 alumni members. Roughly 1,000 of these alumni members act as mentors to students enrolled at the school.
The MBA program offered at the Marriott School of Business consistently ranks among the best in the country. It is also among the cheapest in terms of tuition. The tuition for students who are part of the Church of Latter-day Saints for two semesters is $13,450. Non-LDS students pay $26,900 for the program as of the 2019-2020 academic year.
The average tuition for a two-year MBA program in the United States is more than $60,000—more than half of the tuition costs at the Marriott Business School.
The Marriott School of Business was rated as the second most affordable MBA program in the United States in 2019 by Poets & Quants, a popular business school rating website. The school was also recognized for its affordability by the Financial Times, which cited it as the world’s seventh-best MBA in 2019 from a value for money perspective.
BYU Marriott School of Business students may qualify for financial aid to help pay for their studies. Both undergraduate and graduate students may apply for federal student loans and grants as well as scholarships offered by the business school and the university itself.