# Wake Forest University School of Business

The Wake Forest University School of Business is the business school of Wake Forest University, a private research university in Winston-Salem, North Carolina. It offers undergraduate programs to around 1,314 students, as well as management-related masters programs. The school is accredited by the Southern Association of Colleges and Schools Commission on Colleges and the Association to Advance Collegiate Schools of Business, and has supplemental accounting accreditation by the latter agency. It has a second campus in Charlotte, North Carolina.

## History

The School of Business Administration, first established in 1948, was named the Charles H. Babcock School of Business Administration in 1969, admitting its first classes of full-time and executive students in 1971 and presenting its first graduating class in 1973. In 1972, the school enrolled only graduate students and the name was changed to the Babcock Graduate School of Management. The Babcock School, which earned its accreditation from the AACSB in 1985, was established with a gift from the Mary Reynolds Babcock Foundation and named in honor of Charles H. Babcock, a businessman and philanthropist who influenced civic, cultural, and economic development in Winston-Salem and North Carolina.
In 1980, the Department of Business and Accountancy was reconstituted as the School of Business and Accountancy; the name was changed to the Wayne Calloway School of Business and Accountancy in 1995. In 1993, the school moved into the newly constructed Worrell Professional Center, the first building in the nation to house both graduate business and law schools under one roof. The Calloway and Babcock schools were integrated as the Wake Forest University School of Business in 2009, combining the faculties of the business schools to serve undergraduate and graduate students.
In 1987, Babcock launched its evening Master of Business Administration (MBA) program in Winston-Salem, followed by an evening MBA program in Charlotte in 1995 and a Saturday MBA program in Charlotte in 2004. It was announced in the fall of 2014 that the full-time MBA program would be discontinued in order to focus on the evening program, with the last full-time class matriculating in the spring of 2016.

### Deans

Annette L. Ranft (2022–Present): Previously Dean of Auburn University's Harbert College of Business and Dean at North Carolina State University's Poole College of Management.
Charles Iacovou: Previously the Vice Dean, Senior Associate Dean of Faculty, Senior Associate Dean of Graduate School Programs and Director of the full-time MBA program.
Steve Reinemund: Previously PepsiCo's Chairman and CEO; Executive in residence at the School of Business in 2015.
R. Charles Moyer (1997-2002): Integon Chair of Finance at the Babcock Graduate School of Management after joining the faculty in 1988; Babcock Educator of the Year in 1990.
Gary Costley (1995-1997): Previously Executive Vice President and Area Director of Kellogg North America; Chairman of the Board, President and Chief Executive Officer of International Multifoods Corporation.
John McKinnon (1989-1995): Previously President of Sara Lee Corp.

## Academics

Undergraduate programs offered include a Bachelor of Science (BS) degree program with majors in finance, accountancy, mathematical business, and business enterprise management. Graduate business programs include an MBA, MS in Management, an MS in Business Analytics, and an MS in Accountancy. Joint degree programs are also offered: an MD/MBA; a PhD/MBA; a combined MBA with an MS in Accountancy; and an MBA and J.D. from the Wake Forest School of Law.

### Degrees
#### Bachelor of Science

Students who enroll in this degree program can choose to major in finance, accountancy, mathematical business, or business enterprise management.

#### Master of Science in Management

This is a 10-month program designed for students with non-business academic backgrounds and/or limited business knowledge. Specifically it is for recent liberal arts, sciences, and engineering graduates. The coursework covered includes business concepts related to finance, marketing, accounting, communications, strategy, operations, business analytics, accounting, economics, organizational behavior, law, career management, information technology, and ethics.
The program includes a graduate consulting project that pairs student teams with organizations, an Emerging Leaders Program for students interested in dual degrees in management and physician assistant studies, and an International Leaders Program for international students who desire an MSM and business analytics degree.
Master of Science in Business Analytics
This degree was launched in 2016. In 2018, an online version was added. Entrance requirements include a bachelor's degree in business, engineering, mathematics, economics, computer science or liberal arts, as well as coursework in calculus and statistics.
Core subject areas covered by the program include: career management; analytics software technology; probability and statistical modeling; analytics in society: security, legal, policy, and enterprise issues with data; and forecasting. There is a practicum that spans three courses and requires students to use what they’ve learned in a real-world project for a corporate partner. STEM and OPT certified.

#### Master of Science in Accountancy

Students in this degree program can choose between concentrations in Assurance Services, Tax Consulting, or Financial Transaction Services. The last track is exclusive to Wake Forest.
The school offers an optional third semester for students with an opportunity for a paid, nine-week internship.

#### Master of Business Administration

With three program formats across two campuses, the MBA curriculum covers business topics with a global perspective across varying disciplines, including finance, operations, marketing, entrepreneurship, and information technology. Optional concentrations are available in Business Analytics, Strategy and Leadership, Finance, Project Management, and Digital Marketing. In 2023, U.S. News & World Report ranked the Wake Forest MBA as the #1 part-time MBA program in North Carolina for the 13th consecutive year and a top 10% part-time MBA program in the United States.
Students can participate in the MBA program in the following three formats: In-person at either the Winston-Salem or Charlotte campus, Online, or a Hybrid modality that combines in-person select Saturdays at the Wake Forest Charlotte campus with asynchronous online classes.
The following non-degree programs are open to all majors:
* Summer Management Program- a five-week program that offers rising sophomores, juniors, and seniors a fundamental overview of the principles of business, core topics include Accounting, Finance, Marketing, Business Simulation, Managing Information, and Strategy. Completing the Summer Management Program results in 8 hours of course credit.
* Business of Sports (SportsBIZ)- a 19-day online program for rising sophomores, juniors, and seniors who are interested in the business of sports, the SportsBiz program teaches fundamental principles of business by teaming Wake Forest School of Business faculty with sports industry professionals. The SportsBIZ program offers 6 credit hours.

## Ratings

In 2024, the Best Graduate Schools U.S. News & World Report ranked the school’s part-time MBA program as 19th in the U.S.
In 2021, the School of Business received three top five rankings from The Economist:
* #2 in the U.S. for career opportunities
* #2 in the U.S. for alumni ratings of career services
* Master of Science in Management program ranked #5 in the U.S. (and #24 globally)
The 2020 Best Graduate Schools U.S. News & World Report listed the School of Business as #24.

## Academic Centers and institutes

The Wake Forest University School of Business houses several centers and institutions.
* Allegacy Center for Leadership and Character- formed to focus the School's long standing practice of developing leaders of character who achieve results with integrity, the Center combines a proven track record of thought leadership, practical relevance and partnerships across the Wake Forest community.
* Center for the Study of Capitalism- supports the public’s ability to make informed choices and construct a society rooted in well-functioning capitalism while facing big challenges like human health, climate change, education, and security and privacy.
* Center for Analytics Impact- provides corporations with continuing education opportunities around effectively using and successfully implementing analytics for influencing, storytelling, and leadership.

## Lecture series

Through the Babcock Leadership Series and Broyhill Executive Lecture Series, School of Business students can meet, both formally and informally, with business and government leaders.
Notable past speakers have included:
* Elizabeth Dole, former U.S. Senator and former U.S. Secretary of Transportation
* Alan Greenspan, former Chairman of the Federal Reserve Board
* Hugh L. McColl Jr., retired Chairman & CEO of Bank of America
* Bonnie McElveen-Hunter, former U.S. Ambassador to Finland; current Chair of the American Red Cross
* Robert Rubin, former U.S. Secretary of the Treasury; current Director, Citigroup
* Margaret Thatcher, former British Prime Minister
* Anna Cabral, Treasurer of the United States
* John Mackey, Chairman and CEO of Whole Foods Market.
Members of Pilobolus also visited to stress the importance of creative thinking in the business world.

### Face to Face Speaker Forum

In fall 2020, the Office of the President at Wake Forest University launched the Face to Face Speaker Forum to bring world-class names to Winston-Salem. The events in each season cover a variety of topics, including political affairs, arts & culture, innovation & business, and social justice & global issues.
Notable past speakers have included:
* Gene Woods, CEO of Advocate Health
* Larry Culp, Chairman and CEO of GE Aeospace
* Daymond John, CEO and Founder of FUBU
* Malcolm Gladwell, journalist and author of “Blink” and “Outliers”
* George W. Bush, 43rd President of the United States
* Kristin Chenoweth, Emmy and Tony award winning actor and author
The Wake Forest University School of Business and the Allegacy Center for Leadership and Character are Principal Series Sponsors for the Face to Face Speaker Forum.

## Career & Professional Development
### Pre-Wall Street Career Track

This program is available for students focused on a career in investment banking, asset management, sales and trading or private equity. It provides students with specific coursework, mentoring and coaching, experiential learning and networking opportunities.

### Business Solutions

Under this program, students complete business projects for local organizations.

### MBA Global Immersion Program

In this program, students travel internationally and complete business projects for different organizations.

### Ready7

This is a model or toolkit created by the school that helps students develop life skills across seven different areas that include personal branding, networking and leadership.

## Center for Market Readiness Employment

The Center for Market Readiness Employment (MRE) staff works with students to assess career options, refine goals, and network with well-placed corporate contacts, including alumni at more than 8,000 companies nationwide. Beyond the immediate job search, the staff works with students to develop interview and résumé skills so they can be competitive throughout their career.

## Student clubs and organizations

Students at the Wake Forest University School of Business can choose from among nearly 20 clubs and organizations, or they can participate in a variety of events including the Greater Babcock Open and a Charity Auction. Student organizations include the Black Business Students Association, Entrepreneurs Club, Hispanic Club, Net Impact Club, Strategy and Consulting Club, Women in Business and The Joint Degree Society.

## International relationships

The Wake Forest University School of Business has long-standing relationships with international business schools including eight international programs that allow faculty and students from each school to teach and study at the other. The partner schools are Bordeaux School of Business, France; EM-Lyon Graduate School of Management, France; European Business School, Germany; Indian Institute of Management Calcutta, India; Institute of Business Studies, Russia; University of Kaiserslautern, Germany; WHU – Otto Beisheim School of Management, Germany and Vienna University of Economics and Business, Austria.

## Faculty

More than 75% of the school's faculty have international consulting, teaching work or research experience. More than 90% hold a PhD or other doctoral degree, 33% serve on a company board of directors, and 30% have experience owning their own company.

## Notable alumni

* Ted Budd - U.S. Senator- former member of the United States House of Representatives
* D. Wayne Calloway- former CEO of PepsiCo
* David W. Dupree- Managing Director and CEO, The Halifax Group
* Charlie Ergen- Chairman and CEO, EchoStar Communications Corporation
* Donald E. Flow- Chairman and CEO, Flow Automotive Companies
* Todd Gibbons- former CEO, BNY Mellon
* Paul Griggs - US Senior Partner, PWC
* Anil Rai Gupta- Chairman and Managing Director, Havells India
* Cheslie Kryst- Attorney and Miss USA 2019
* Tiffany Lakey- Managing Director, Head of Strategy for Wells Fargo Securities, COO for the Global Institutional Capital Group
* Brittany Lavis - Group CEO, Detroit Medical Center
* Doug Radi - President, Sweet Loren’s
* Chris Sanders - Director of Admission and Enrollment, Harvard-Westlake School
* Warren Stephens- Chairman, President and CEO, Stephens Inc.
* G. Kennedy Thompson- Chairman, President and CEO, Wachovia Corp.
* Victor L. Velazquez - Executive Director, Maryland State Bar Association
* Alex Wilson - Co-Founder, The Giving Block and Forbes 30 Under 30 for Social Impact in 2021
* Eric C. Wiseman- Chairman, VF Corporation