The Olin Business School is one of seven academic schools at Washington University in St. Louis. Founded in 1917, the business school was renamed for entrepreneur John M. Olin in 1988. The school offers BSBA, Master of Business Administration (MBA), MS in Supply Chain Management, MS in Finance, Masters in Accounting, MS in Customer Analytics, MS in Leadership, Executive MBA, Doctor of Business in Finance (DBA) and PhD degrees. In 2002, an Executive MBA program was established in Shanghai, in cooperation with Fudan University.
Olin has been consistently ranked among the world's top business schools by the Wall Street Journal, US News & World Report, the Financial Times, BusinessWeek and the Economist. In 2010, the Wall Street Journal ranked the Executive MBA program 2nd in the world. In the 2015 edition, US News ranked the full-time MBA program 19th in the United States and the part-time MBA program 16th while BusinessWeek ranked the undergraduate program 5th. For news and perspectives from the Olin community, visit the Olin Blog.
The Olin Business School includes the 80,000 sq ft (7,400 m2) Simon Hall, whose 1986 construction was largely funded by a gift from John E. Simon; and the Charles F. Knight Executive Education Center on the Danforth Campus.
Olin has a network of about 19,190 alumni all over the world. In the late 2000s, the business school’s endowment rose to $249 million (2007); annual gifts averaged $12 million per year.
On July 1, 2009, the school took over management of the Brookings Institute's executive management program.
Programs
BSBA Program
At Olin, undergraduate students are admitted directly into the BSBA program as freshmen. Olin suggests this early entry â€" offered by only a handful of business schools â€" grounds students in management methodologies and practices, and provides them a more-targeted tool set when applying for internships and full-time positions.
To graduate, students must complete a minimum of 120 units of coursework. 40% of classes must be outside the areas of business. Students can choose from nine different business majors: Accounting, Economics and Strategy, Entrepreneurship, Finance, Healthcare Management, International Business (second major), Marketing, Operations and Supply Chain Management, and Organization and Human Resources Management. Olin students can also minor in the Business of Sports Management.
Students declare their business administration major (or majors) during their sophomore year. Students can also earn a second major or minor from one of the university’s other schools, such as the College of Arts & Sciences, School of Engineering & Applied Science, or Sam Fox School of Design & Visual Arts.
Nonbusiness students from other WUSTL schools also can minor in the following business fields: Accounting, Business of Sports, Entrepreneurship, Finance, General Business, Healthcare Management, Leadership, Managerial Economics, Marketing, Operations and Supply Chain, and Strategy.
MBA Program
Admission at Olin is highly competitive. Olin has four main rounds and after June they have rolling admissions.
Meant to teach critical thinking and leadership, the MBA curriculum requires completion of 66 credit hours, nearly two-thirds of which are elective courses selected by the student. The fall semester of year one focuses on critical thinking, leadership, career strategy, and the major functional areas of business. During the spring semester of year one and throughout year two, students take mostly elective courses of their choosing, often following the guidelines of concentration areas that help students navigate the curriculum toward their career goals. Elective courses include semester-long (3 credit) courses, six week “mini†(1.5 credit) courses, and work-study positions. Olin MBAs can also take up to nine credits of approved coursework from other graduate programs at Washington University.
Full-Time MBA Class Profile
Class of 2016
- Class Size: 140
- Male: 72%
- Female: 28%
- International: 39%
- Underrepresented Minority: 15%
- Average Age: 27
- Average Work Experience: 4.0 Years
- Average GMAT: 699
- Average Undergraduate GPA: 3.43
Exchange programs
MBA students can choose to study one semester at Manchester Business School in the United Kingdom, Hong Kong University of Science & Technology in Hong Kong; Otto Beisheim Graduate School of Management at WHU-Koblenz in Koblenz, Germany; École Management de Lyon (EM Lyon) in Lyon, Paris Dauphine University, France; the Institute for Advanced Studies in Administration (IESA) in Caracas, Venezuela; ESADE (Escuela Superior De Administracion Y Direccion De Empresas) in Barcelona, Spain; or the Indian Institute of Management Ahmedabad and Indian Institute of Management Calcutta in India.
Executive Education Program
The school's Executive Programs group is in the state-of-the-art Charles F. Knight Executive Education Center on the Danforth Campus. The school also maintains Executive MBA programs in Denver, Kansas City, Missouri (at the Kansas City Club), Shanghai (at Fudan University), and Mumbai (at Indian Institute of Technology in Bombay, Shailesh J. Mehta School of Management).
Doctoral program
The PhD program emphasizes economics, quantitative methodology, mentoring by faculty, preparing students for careers in scholarship and teaching. There are usually 50 students enrolled in the Ph.D program. A DBA in finance also is offered for individuals pursuing applied research in corporations, banks, government and consulting.
Overall enrollment, 2015
Resources
Kopolow Business Library
The Kopolow Business Library offers Dow Jones Interactive, Lexis/Nexis, InfoTrac, and ABI, as well as databases provided by Moody's, Standard & Poor's, Hoover's, and Disclosure. The library also receives real-time stock and other market information through the Bloomberg and Bridge Information systems. It holds around 30,000 books and subscribes to more than 400 business journals, magazines, and newspapers.
Olin Cup
- The Olin Cup is an annual event held to promote learning and collaboration leading to the creation of new business ventures. Winners of the competition receive up to $50,000 to help establish a business. (Academic credit is not awarded.) Since 2005, the Competition has also awarded $5,000 to the winning student team. All Washington University students and alumni as well as the local business community may compete, but the final prize goes only to teams with at least one current Washington University student or alumnus. Ventures that are Washington University student-owned (at least 51%) or student-supported are also eligible for the $5,000 student prize.
Research centers
- Boeing Center for Technology, Information and Manufacturing discovers, develops, and helps bring to practice world-leading capabilities in technology, information and manufacturing.
- Center for Finance and Accounting Research is dedicated to the dissemination of cutting-edge research in finance and accounting by encouraging our faculty, students, and companies to work more closely together.
- The Institute for Innovation and Growth fosters and coordinates Olin research in creativity and innovation.
- Center for Research in Economics and Strategy supports scientific research employing state-of-the-art analytical or empirical methods.
Notable alumni
- Stan A. Askren (MBA 1987): president and CEO of HNI Corporation
- William Bay (BA): President and CEO of Mel Bay
- John H. Biggs (PhD): former CEO of TIAA-CREF
- Melvin F. Brown (AB 1957, JD 1961): former CEO of Deutsche Financial Services
- Andrew M. Bursky (AB 1978, BSChE 1978, MSChE 1978): CEO of Atlas Holdings LLC
- Carl M. Casale (MBA): executive vice president, North America Commercial division of Monsanto Company
- David P. Connor (BA): CEO of Oversea-Chinese Banking Corporation
- William H. Danforth (AB 1892): founder of Ralston Purina
- Charles H. Dolson (AB): president and CEO of Delta Air Lines (1965-1970)
- Arnold Donald (BSME 1977): founder and former CEO of Merisant
- John Dubinsky (AB 1965, MBA 1967): former CEO of Mark Twain Bancshares
- Thomas J. Feichtinger (BS 1986): Global Director for General Motors Corporation
- Steve Fossett (MBA 1968): options trader, balloonist, and adventurer
- Sam Fox (BSBA 1951): founder, chairman, CEO, and owner of Harbour Group Industries
- Don Frahm (BSBA 1953): former chairman and CEO of The Hartford Financial Services Group, Inc.
- Avram Glazer (BSBA 1982): president and CEO of the Zapata Corporation and joint chairman of Manchester United
- James Hance, Jr. (MBA): chairman of Sprint Nextel and former CFO of Bank of America (1998-2004)
- Earle Harbison (AB 1948): former president and COO of Monsanto Company
- Jerald Kent (BSBA 1978, MS 1979): founder and former CEO of Charter Communications
- Jeff Lebesch (BS 1979): co-founder of New Belgium Brewing Company
- Steven F. Leer (MBA 1977): chairman and CEO of Arch Coal
- Stanley Lopata (AB 1935): founder and former chairman of Carboline
- W. Patrick McGinnis (MBA 1972): president and CEO of Nestle Purina Petcare Company
- Howard J. Morgens (AB): president and CEO of Procter & Gamble
- Edward Mueller (MBA): president and CEO of Qwest Communications
- Charles Nagel (JD 1872): United States Secretary of Commerce and Labor; founder of the U.S. Chamber of Commerce
- David Peacock (MBA): president of Anheuser-Busch
- William Shaw (MBA 1972): president and COO of Marriott International Inc.
- Louis B. Susman (JD 1962): vice chairman of Citigroup Global Markets
- Jack C. Taylor (student through 1944): founder of Enterprise Rent-A-Car; no. 14 on Forbes 400 Richest Americans in 2006
- Ann Rubenstein Tisch (AB 1976) Anchor of Today Show, member of Tisch family
- William G. Tragos (AB 1956): former chairman and CEO of TBWA Advertising, Inc.
- Arnold Zetcher (BSBA 1962): chairman, president and CEO of Talbots
- George Zimmer (AB 1970): founder of Men's Wearhouse
- Jim Weddle (AB 1977, MBA): managing partner at Edward Jones Investments
- Gary Wendlandt (BS 1972): current CIO of New York Life Investment Management and former CIO of MassMutual
- John B. Whyte (attended two years in 1950s): Developer of Fire Island Pines, New York
References
External links
- BusinessWeek Ranks Olin MBAs #2 in Career Placement, 2009
- Business School Concentrations: Is More Better?
- USA Today 2008 story on the Olin School Class of 1998
- Moreton named associate dean at Olin Business School
- Industry Perspectives: Using Video to Communicate Change for Business Success
- CEO Salaries: What is the Average Salary of a CEO?
- Olin Business School Official Website
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