DEFINITION of McDonough School of Business
The McDonough School of Business is the business school of Georgetown University in Washington, DC. It offers both undergraduate and graduate degrees and several masters of business administration (MBA) programs.
BREAKING DOWN McDonough School of Business
The McDonough School of Business was established in 1957 and is located in the Rafik B. Hariri building on the Georgetown campus. This building was finished and opened in 2009 and was built entirely from private funds. Originally called the School of Business Administration, its name was changed in 1993 to honor Robert Emmett McDonough, who donated $30 million, the largest donation ever received by the university.
According to the university's website, "...the McDonough School of Business enjoys a reputation for academic excellence manifested by distinctive and global programs, scholarship, and activities that leverage the rich fabric of Washington, D.C., reflect the Georgetown expertise and identity, and are guided by the university’s Jesuit values."
Tuition and Programs Offered at McDonough School of Business
For the 2017-2018 school year, tuition at McDonough for a full-time student was $56,400 per year. The total executive MBA program tuition was $137,820. According to the Financial Times, 92% of graduates are employed within three months and they are making an average salary of $142,606 after three years.
The school offers the following programs:
- Undergraduate (Bachelor of Science in Business Administration)
- MBA: Full-time and Evening
- Executive MBA
- Global Executive MBA (sessions are held in various locations around the globe)
- Master of Arts in International Business and Policy
- Master of Science in Finance
- Executive Master's in Leadership
Each year the school includes approximately 1,400 undergraduate students and 2,100 other students working toward an MBA or participating in an executive or custom degree program. In the graduate programs, approximately 70% of students are male and 30% are female. In addition to their studies, students are encouraged to take part in the many extracurricular activities offered on campus. There at least 30 organizations just for MBA students.
In 2018, McDonough was ranked as the 25th best graduate business school by U.S. News & World Reports, and the Financial Times ranked it 30th worldwide. The school has more than 15,000 alumni.
Georgetown University was founded in 1789 and has a student population of approximately 17,500 in a given year. Because of university's location in the nation's capital, it should be no surprise that many Georgetown graduates have careers in government or international affairs. Other top career choices of graduates include investment banking and finance.