The Wallace E. Carroll School of Management, also referred to as CSOM or simply The School of Management, as it is colloquially known, is the business school of Boston College, in Chestnut Hill, Massachusetts, United States. The school was renamed in 1989 in honor of industrialist and Boston College alumnus Wallace Carroll, whose 10-million-dollar donation was the largest private grant to the university at the time.
Established in 1938, the school offers B.S., M.B.A., and Ph.D degrees, in addition to M.S. degrees in both finance and accounting, along with joint degree programs with Boston College's other schools.
The Carroll Undergraduate Program is highly selective and offers concentration programs in finance, accounting, and management among others. In its 2014 release, BusinessWeek ranked Carroll the fourth-best undergraduate business school in the country.
The Carroll School of Management was founded as the "College of Business Administration" in 1938, as Boston College was fulfilling the obligations of its university charter. Its main building, Fulton Hall, was built in the late 1940s to accommodate it. The school of management would later be renamed in 1989 as the "Carroll School of Management," following a $10 million donation from alumnus Wallace E. Carroll of Katy Industries.
Prospective CSOM candidates apply directly to the school during their senior year of high school, either through the Early Action or Regular Decision process. The acceptance rate for the Carroll School of Management was 25% for the Class of 2012, and the total of undergraduate business applicants was 6,729. 28% of admitted CSOM applicants chose to enroll in the school. Students of Boston College's other undergraduate divisions may transfer into CSOM, through a rigorous application process. However, very few transfer applicants are approved.
The undergraduate program at CSOM offers a balance of both a liberal arts education and a general management curriculum. In addition to coursework for a student's declared concentration, undergraduates are expected to fulfill the university's core curriculum and CSOM's curriculum in general management, which encompasses courses in accounting, finance, operations management, marketing and economics.
Beginning with students of the Class of 2013, the school is requiring its incoming freshmen to enroll in a course called "Portico." This course, while serving as an introduction to CSOM for new undergraduates, also serves to teach new students about business ethics through the readings of Plato, Aristotle, Immanuel Kant, and Ayn Rand. This course will supersede the previous version of the course, which was known as "Introduction to Ethics."
Students may dual-concentrate (and even triple-concentrate) within CSOM, pursue minors in either the Lynch School of Education or in the College of Arts and Sciences, enroll in the pre-med program, or even pursue a full major in the College of Arts and Sciences while enrolled as a student in CSOM.
The CSOM undergraduate program is known for its placements of graduates into elite finance, accounting, and consulting firms. Top employers include global banks Barclays, Citigroup, JPMorgan Chase, Bank of America, UBS, as well as all of the Big Four auditing firms. The starting median salary for the CSOM Class of 2011 was $56,000. The full-time-employment rate was 86.2%.
- #24 U.S. News & World Report, 2013
- #13 for Finance, 2013
- #22 for Management, 2013
- #26 for Accounting, 2012
- #4 BusinessWeek, 2014
- #10 for Finance, 2013
- #5 for Accounting, 2012
- #9 for Corporate Strategy, 2012
- #4 for Information Systems, 2012
Full-time M.B.A. program
The full-time MBA program is small and highly selective. Statistics for the class of 2011:
- Enrolled: 102 students
- Average Undergrad GPA: 3.4
- Average GMAT score: 663
- About 28% of the 908 applicants were admitted to the Carroll full-time MBA program
Full-time MBA students are required to take one of the following specializations:
- Asset management
- Leadership and management
- Competitive service delivery
- Corporate finance
- Entrepreneurial management
- Financial reporting and controls
- Global management
- Marketing informatics
- Product and brand management
- âTailoredâ specialization
Average total compensation for M.B.A. class of 2009: $98,298
Employment by industry
Financial services 32%
Consumer products 16%
Other services 12%
Health care services 14%
Real estate 5%
Employment by function
General management 8%
Other services 15%
Other graduate programs
In addition to the full-time M.B.A. degree, Carroll offers the following graduate programs:
- M.S. in Accounting
- M.S. in Finance
- Part-Time M.B.A. Program
- Ph.D. in Finance
- Ph.D. in Management and Organization
- #40 U.S. News & World Report, 2013
- #13 for Finance
- #28 for Part-time M.B.A.
CSOM is organized into seven academic departments, as listed below:
- Business Law
- Information Systems
- Operations and Strategic Management
- Organization Studies
Research centers and executive programs
CSOM is home to six research centers and four executive programs.
- Center for Asset Management
- Center for Corporate Citizenship
- Center For Investment Research And Management
- Center for Retirement Research
- Winston Center for Leadership and Ethics
- Center for Work and Family
- Office of Corporate Government and Affairs
- Boston College Business Institute
- Boston College International Business Initiative
- Leadership for Change
List of Boston College people in business
- List of United States business school rankings
- List of business schools in the United States
- Official website