Georgetown McDonough School Guide - Clear Admit

4 Clear Admit School Guide: McDonough School of BusinessFigure 1.2 Size of Incoming Class1XPEHU RI 6WXGHQWV 7HSSHU0DUVKDOO0F&RPEV 0F'RQRXJK.HQDQ )ODJOHU'DUGHQDaly also spearheaded efforts to construct the Rafik B. HaririBuilding, McDonough’s new home on campus, which openedin 2009. This 179,000-square-foot-building houses individualand group study areas, a technology center, the MBA CareerManagement Office and a variety of other resources for student use. In 2011, Daly stepped down from his post and wasreplaced by David A. Thomas, a professor and former associate dean at Harvard Business School.Student Demographics)XTXDFigure 1.3 Professional BackgroundsOtherBusinessComputer ScienceGov’t/Int’l Studies Math/PhysicalSciencesSocialSciencesily academic, he has stated that he was careful only to recruitfaculty members who can complement the “war stories” fromtheir careers with thoughtful, rigorous theoretical lessons. Humanities EconomicsEngineeringFigure 1.4 Gender Distribution :RPHQ0HQWith a class size typically hovering around 250, Georgetownhosts one of the smaller MBA programs among leading U.S.schools. For the Class of 2016, 270 students enrolled atMcDonough, a size similar to schools such as McCombs (seeFigure 1.2). A smaller class does limit the range of professional experiences a student body may have, but programswith fewer students generally offer much better access toprofessors, campus resources and student peers. McDonoughreceived 1,748 applications in total for the Class of 2016, foran enrollment rate of approximately 15%.Members of the McDonough Class of 2016 had a mean GMATscore of 691–the highest for the program to-date. The middle80% of GMAT scores ranged from 640 to 730 and the meanGPA stayed at 3.34. Matriculating students had on average of4.75 years of work experience, and their average age was 28.These numbers reflect the norm at most MBA programs, asbusiness schools prefer to admit students with enough workexperience to contribute fully to classroom discussion. Twenty-seven percent of the McDonough Class of 2016 studiedbusiness during their undergraduate years (see Figure 1.3).Another 16% studied economics as undergraduates while 14%came from an engineering background. Twenty percent of theclass had academic backgrounds in the humanities or socialsciences. This distribution of undergraduate majors is similarto that of most leading business schools, all of which seek toadmit students of varying interests and academic backgroundsto create a dynamic classroom experience.Unlike changing trends in medicine, law and other graduateprograms, business schools still receive far fewer applicationsfrom women. McDonough shares this typical gender imbalance with women constituting 32% of the most recent class(see Figure 1.4). This figure places McDonough in the middlerange of its peer group.Given the increased focus on international business alongwith a desire to reflect a variety of cultural perspectives oncampus, leading MBA programs all profess a commitment tocreating a student body comprised of a wide range of differentnationalities. McDonough follows this trend, with 39 countries represented in the Class of 2016. International studentswww.clearadmit.com 2006-2015 Clear Admit, LLC. All rights reserved.

Introduction make up 41% of the Class of 2016, a jump of seven percentage points from last year’s international makeup and nine percentage points from the Class of 2014 (see Figure 1.5). Thisstatistic moves McDonough to the higher end of internationaldiversity, as other leading programs in its peer group typicallyhave classes comprising closer to 30% international students.Figure 1.5 Citizenship Another indicator of diversity in U.S. business schools is thenumber of U.S. citizens and permanent residents who identifyas members of an underrepresented minority, racial or ethnic group, a term that refers to students of African-American,Asian American, Hispanic American and Native Americandescent (see Figure 1.6). In the Class of 2016, 32% of students identify themselves as members of such a group, andMcDonough places on the higher end among its peer schoolsin this respect. ,QWHUQDWLRQDO &LWL]HQV58 6 &LWL]HQV 3HUPDQHQW 5HVLGHQWVFigure 1.6 Minority Students 0LQRULW\ 6WXGHQWV .HQDQ )ODJOHU'DUGHQ)XTXD0F'RQRXJK 0DUVKDOOwww.clearadmit.com 2006-2015 Clear Admit, LLC. All rights reserved.

6 Clear Admit School Guide: McDonough School of Business2Figure 2.1 McDonough AcademicCalendar 2015-2016OrientationAugust 4-6, 2015Pre-TermAugust 10-28, 2015Fall SemesterModule 1 beginsAugust 31, 2015Last day of Module 1October 13, 2015Module 1 final examsOct. 15-17, 2015Module 2 beginsOctober 26, 2015Last day of Module 2December 8, 2015Final examsDec. 10-12 & 14-15, 2015Spring SemesterModule 3 beginsJanuary 13, 2016Last day of Module 3February 25, 2016Module 3 final exams Feb. 29-March 3, 2016Module 4 beginsMarch 21, 2016Last day of Module 4May 3, 2016Final examsMay 5-11, 2016GraduationMay 20, 2016AcademicsMcDonough’s MBA program is intended to be completed overtwo years of full-time study. The curriculum is based on amodular system, similar to a quarter system, with coursesorganized into units that emphasize teamwork and encouragestudents to think globally and lead responsibly. In additionto core courses and electives, students are required to complete the Global Business Experience program, which providesintensive, hands-on courses and professional engagementsdesigned to complement the theoretical focus of the rest ofthe curriculum. With the redesigning of the program’s curriculum in 2012, McDonough’s MBA has become more flexiblethan before.Academic CalendarLike several of its peer MBA programs, McDonough divides itsacademic year into semesters and subdivides each semesterinto smaller units, giving students the opportunity to take agreater number of courses than a standard semester systemwould allow. In McDonough’s case, each semester is brokeninto two modules, or quarters, which means that studentscomplete four modules’ worth of courses in a given academicyear (see Figure 2.1).The official academic year runs from early September to earlyMay. Prior to the official start of classes, first-year MBA students complete a two-week pre-term in mid-August and arejoined by second-year students in September for the start ofModule 1. Module 1 classes run until mid-October, followedby several days of studying and a five-day exam period. Themodular system allows the academic calendar to encompass anumber of short breaks, including a mandatory Career Weekafter the end of Module 1, which allows students to take abreak from their classes to focus on refining their career goalsand participating in recruiting.At the end of Module 2, which also marks the end of the fallsemester, there is a nearly three-week break lasting from lateDecember to early January. Students then return for the startof Module 3, which lasts until late February with four days ofexams following, after which students have a few days off forSpring Break, followed by a two-week period called the Intensive Learning Experience devoted to elective courses whichcan be off-campus learning experiences and residencies oron-campus courses using innovative teaching opportunities.Module 4 begins in mid-March, with classes ending in lateApril with exams stretching into early May. Once final examsare complete, second-year students are given a one-weekwww.clearadmit.com 2006-2015 Clear Admit, LLC. All rights reserved.

Academic Programs break before graduation.Pre-TermMany schools offer pre-term and orientation programs forfirst-year students prior to the start of the academic year.While orientations are usually required three- or four-dayprograms focused on meeting classmates and becoming acclimated to the campus, pre-term programs include an academiccomponent, which may be anything from placement examsto leadership seminars. Orientations are always mandatory,though pre-term programs may be optional, depending on thenature of the activities taking place.McDonough’s pre-term includes both a traditional orientationprogram through which students are acquainted with life atGeorgetown as well as mini-courses designed to help studentsget up to speed prior to the start of the first module.Students who come to McDonough from outside the UnitedStates arrive on campus for a one-day orientation programin early August. This program is aimed at helping international citizens adjust to the U.S. educational system as wellas addressing any specific needs or concerns they may haveabout living in the country. The next day, the remaining firstyears arrive for a mandatory three-day orientation programintended to acclimate all first-year McDonough students tothe program’s policies and offerings. For instance, studentshave participated in an “Amazing Race,” exploring Georgetown’s campus while bonding with fellow classmates. Also, asMcDonough claims service as one of its values, students alsoparticipate in a Service Day, a volunteer experience designedto support the local community.Figure 2.2 Structure of the StudentBody270Students per class4Cohorts per class60-70Students per cohortHeld on campus in early August, the Opening Term is part ofthe recommended curriculum for first-year students. Duringthis program of approximately three weeks in length, studentstake Accounting Fundamentals and Structure of Global Industries (SGI) courses to help them begin the academic year witha foundational understanding of team dynamics and key strategies for quantitative thinking. SGI is meant to be an immersion course that prepares first-years for other global businesseducation portions of the curriculum, including the secondyear Global Business Experience. Accounting Fundamentals isa pre-requisiteStudent BodyMcDonough’s class is divided into four cohorts of approximately 60 students apiece to facilitate bonding among students.Given McDonough’s affiliation with Georgetown University, thecohorts are named Blue, Gray, Hoya and Saxa; the first twonames refer to the university’s school colors, and the secondtwo are words drawn from the official Georgetown studentcheer.www.clearadmit.com 2006-2015 Clear Admit, LLC. All rights reserved.7

8 Clear Admit School Guide: McDonough School of BusinessStudents receive their cohort assignments during pre-term,taking courses and working on teams with their cohortmatesthroughout the MBA program (see Figure 2.2).Figure 2.3 McDonough CoreCurriculumFirst YearPre-Term Accounting Fundamentals Structure of Global IndustriesFall Term Financial Markets & Corporate DecisionMaking Managerial Statistics Marketing Analysis & Customer Strategy Firm Analysis & Strategy Analysis & Reporting of FinancialInformationSpring Term Leadership & Social Intelligence (moduleonly) Leadership Communication (moduleonly) Analytical Problem Solving Operations (module only) Business and Public Policy in a GlobalEnvironmentSecond YearFall Term Principled Leadership in Business &SocietySpring Term Global Business ExperienceStudents attend all core courses, as well as overseas travelprograms and student activities, together with their cohorts.One of the most beloved cohort activities is the Cohort Cup,an annual autumn competition for all McDonough MBA students, and cohorts complete other social and communityfocused challenges together throughout the year as well.For instance, the four cohorts have vied with one another topost the highest participation in the school’s Month of Volunteerism, and students performed over 1,400 hours of publicservice.Core CurriculumThe 13 required courses in McDonough’s core curriculumprovide a thorough education in the fundamentals of business. As part of McDonough’s curriculum revision, manycourses have been expanded to a semester rather than modular length. Most courses, however, are still completed duringthe first year, especially during the fall semester; studentsare allowed to choose electives for the first time in the secondsemester of that year (see Figure 2.3) as opposed to Module3 in years past. Second-year students have almost unlimitedfreedom to choose their schedules, checked only by the GlobalBusiness Experience requirements and the additional leadership course they must complete to be eligible to graduate withthe Georgetown MBA.Students are not eligible to waive core courses based on previous academic study or professional experience. However,McDonough does allow students to waive three core courses,and those students interested in waiving one or more coursesmust submit a formal request prior to the start of first-yearclasses. Students may sign up to take each course’s waiverexam during the summer orientation before the school’sclasses begin.In addition to these core course requirements, students mustalso complete the Career Week in the fall of their first yearand additional academic preparation for the Global BusinessExperience in the fall of their second year. A one-week GlobalExperience is also part of the spring program for second-yearstudents.ElectivesElectives comprise the majority of the courses students takeduring their second year, with the exception of the PrincipledLeadership in Business and Society Course and the GlobalBusiness Experience, which are both required.McDonough’s electives are divided into six broader disciwww.clearadmit.com 2006-2015 Clear Admit, LLC. All rights reserved.

Academic ProgramsFigure 2.4 McDonough ElectiveAreas AccountingFinanceManagementMarketingOperations and Information ManagementStrategy plines (see Figure 2.4). Because the school does not requirestudents to complete a major or concentration in order tospecialize in a particular area of business, students have thefreedom to choose from a range of electives and focus on asmany areas of interest as they desire. Students must complete three modules of electives in their first year; five in thefall of their second years; and six in the spring of their secondyears, making for a total of 14 required modules of electives.Students who take advantage of waiving the maximum number of core classes will have the opportunity to take an additional 7.5 credits of electives during their two years atMcDonough. Typically, students take three electives duringthe first year and 13 electives during the second year, as fewstudents pass one of the waiver examinations.To sign up for courses at McDonough, students use an onlinebidding system, in which they are allotted 2,000 “lifetime”bidding points to use for course bidding over their time inthe MBA program. Bidders who are successful in enteringa course are “charged” the clearing price, or the number ofpoints submitted by the lowest bidder who gained entrance tothe course. There are no minimums or maximums for coursebidding, and the Office of the University Registrar provides detailed information on the process to guide students in makingtheir selections.Cross-RegistrationStudents can take courses at any of the 15 member institutions of the Consortium of Universities of the WashingtonMetropolitan Area. Students must be in good academic standing and take the course for a grade; no cross-registration isoffered on an auditing or pass/fail basis. In order to receivecredit for these courses, students must have their selectionspre-approved, demonstrating that their target courses are relevant to the MBA curriculum, taught on a graduate level andnot already offered at Georgetown.Curriculum ComparisonWhile each of the leading MBA programs organizes its program around a core curriculum, the structure and flexibility ofthese cores vary significantly. By comparing the number ofcore courses a school requires to that school’s overall graduation requirements, prospective students can determine whatproportion of their studies will be structured by the schooland what proportion might be spent pursuing topics of theirown choice. This flexibility may be enhanced by the possibility of waiving core courses or substituting them for electives;courses that can be waived in this manner are consideredconditionally required.First-year students at McDonough are given a small degree offlexibility when it comes to their course selection, in that theycan begin taking electives in their first year and enjoy somewww.clearadmit.com 2006-2015 Clear Admit, LLC. All rights reserved.9

10 Clear Admit School Guide: McDonough School of BusinessFigure 2.5 Course Type as Percent of Credits Required to Graduate (OHFWLYH &RXUVHV&RQGLWLRQDOO\ 5HTXLUHG &RXUVHV0DQGDWRU\ &RXUVHV Note: Mandatory classes are required for graduation and cannot be waived under any circumstances. Conditionally required courses are part of the corecurriculum but may be waived by exam or credential or substituted with other coursework.waiver opportunities (see Figure 2.5). McDonough’s curriculum allows students to waive three core courses, or about athird of the core, by examination, although the school notesthat few students obtain even one waiver. Therefore, many ofthe courses in the required MBA curriculum program could beconsidered mandatory, and students at McDonough otherwisebegin taking electives during their first year.During the second year of the MBA program, students pursueelective courses in addition to completing the Global Business Experience and the Principled Leadership in Business &Society course. This level of freedom in course selection is acommon standard for full-time MBA programs.

school within the university, the Georgetown School of Business. The Georgetown MBA program is founded in 1981. In 1998, the school is renamed the McDonough School of Business in recognition of SFS alumnus Robert Emmett McDonough's 30 million donation. George G. Daly becomes dean of McDonough in 2005.