The UCLA Anderson School of Management is one of eleven professional schools at the University of California, Los Angeles. The school offers MBA (full-time, part-time, executive), Financial Engineering and Ph.D. degrees. The school is consistently ranked among the top tier business school programs in the country, based on rankings published by US News & World Report, Businessweek and other leading publications.
The range of programs offered by Anderson includes:
- Accounting minor for undergraduates
- Full Time MBA program
- Fully Employed MBA
- Executive MBA
- Master of Financial Engineering
- Global EMBA for Asia Pacific
- Global EMBA for the Americas
The school of management at UCLA was founded in 1935, and the MBA degree was authorized by the UC Regents four years later. In its early years the school was primarily an undergraduate institution, although this began to change in the 1950s after the appointment of Neil H. Jacoby as dean; the last undergraduate degree was awarded in 1969. UCLA is rare among public universities in the U.S. for not offering undergraduate business administration degrees. Undergraduate degrees in business economics are offered.
In 1950 the school was renamed the School of Business Administration. Five years later it became the Graduate School of Business Administration; in the 1970s the schoolâs name was changed again to the Graduate School of Management.
In 1987 John E. Anderson (1917â"2011), class of 1940, donated $15 million to the school and prompted the construction of a new complex at the north end of UCLAâs campus. He later donated additional $25 million. The 6-building, 285,000-square-foot (26,500Â m2) facility, designed by Henry N. Cobb of the architectural firm Pei Cobb Freed & Partners, cost $75 million to construct and opened officially in 1995.
Recently, the school has been mostly self-funded, with only $6 million of government funding out of its $96 million budget in 2010-11. In fall 2010, the school proposed "financial self-sufficiency": Giving up all state funding, in return for freedom from some state rules and freedom to raise tuition. Critics called this proposal "privatization", but the school rejected this description, with Dean Judy Olian saying, "This is not privatization.... We will continue to be part of UCLA and part of the state." The proposal met objections in the UCLA Academic Senate (faculty members from all UCLA departments), and is still pending.
The school is located on north part of the UCLA campus. The four main buildings, Mullin, Cornell, Entrepreneurs, and Gold, form an inner circle at the corner of Sunset Boulevard and Westwood Plaza, which is the extension of Westwood Boulevard. Connected to the Gold building is the Collins building, which is named for alumnus James A. Collins, who is the chairman emeritus of Sizzler International, Inc. and who funded the John R. Wooden statue in front of Pauley Pavilion.
As of 2011, UCLA Anderson enrolls 70 executive MBA, 90 global MBA, 280 fully employed MBA, and 360 full-time MBA students every year. UCLA Andersonâs teaching model combines case study, experiential learning, lecture and team projects. UCLA Andersonâs curriculum consists of ten core classes (required courses which cover a broad range of business fundamentals) and twelve (minimum) elective courses. Students are assigned to cohorts, called sections, of 65 students throughout the core curriculum.
The cohort system is almost entirely student run, with each cohort electing 17 different leadership positions ranging from President to Ethics chair. In addition, there is the student-led Anderson Student Association (ASA) which deals with all issues of student life including company recruiting, social clubs and academic issues.
Students may choose (but are not required) to focus in one or more of the following areas:
- Decisions, Operations, and Technology Management
- Communications, Media, and Entertainment Management
- Entrepreneurial Studies
- Global Economics and Management
- Human Resources and Organizational Behavior
- Information Systems
- Real Estate
Anderson also has a very strong focus on giving back to the community. One of the biggest clubs on campus is the Challenge for Charity, a competition between the top West Coast business schools to put in the most volunteer hours per student and raise the most money for Special Olympics per student. In 2010, Anderson was the #1 school for total volunteer hours.
Applied Management Research Program (AMR)
A two-quarter team-based strategic consulting field study project required during the second year of study in lieu of the comprehensive exam for the master's degree. Students complete strategic projects for companies partnering with the school, ultimately presenting recommendations to senior management. The program has been around since the late 1960s and is presently led by Gonzalo Freixes, its Faculty Director. In 2004, two alternatives to the field study were introduced: a Business Creation Option, and a research study option.
Tuition and fees
2010â"2011 Executive MBA fees is $57,000 (each year for 2 years), fully employed MBA fee is $38,000 (each year for 3 years), full-time MBA fee is $40,894 (each year for 2 years) for California residents and $48,842 (each year for 2 years) for non-residents.
The recession and associated budget cuts have provided impetus to seriously consider new models for funding The Anderson School. UCLA Anderson's budget is now 18% state funded, with the remaining 82% of the budget derived from other sources including self-supporting degrees and non-degree programs, center activities, and private giving. In the face of uncertainty over the state's future capacity to support UCLA, opportunities and risks associated with even greater financial self-reliance are being weighed.
For 2014, national rankings of UCLA Anderson's MBA program include #11 by Bloomberg BusinessWeek, #16 by U.S. News and World Report, and #13 by Forbes. In global rankings, UCLA Anderson was ranked #13 by The Economist and #23 by Financial Times (#13 in the US).
Key Admission Stats â" UCLA MBA:
Average GPA of admits: 3.50
Average GMAT of admits: 714
Average Age of admits: 29
Entering Class Size: 360
Acceptance Rate: 18%
Admission requirements include academic transcripts, GMAT score (no minimum required), TOEFL/IELTS score for international applicants, work history, two letters of recommendations and two essays. Knowledge of statistics and differential calculus is recommended to prepare for MBA coursework.
The Harold and Pauline Price Center for Entrepreneurial Studies oversees all teaching, research, extracurricular, and community activities related to entrepreneurship at UCLA Anderson. It helps participants such as Head Start directors, early childcare professionals, and owners of developing businesses to direct and grow their organizations with a focused, well-managed, entrepreneurial flair.
The Laurence and Lori Fink Center for Finance & Investments (CFI) is named for BlackRock CEO Laurence D. Fink, and sponsors research, teaching and the application of financial knowledge in the global corporate and investment community. UCLA Anderson Forecast provides forecasts for the economies of California and the United States. Its quarterly conferences are attended by business, professional, and government decision-makers from across the U.S. The Richard S. Ziman Center For Real Estate was established in 2002. UCLA Anderson also has a Center for International Business Education and Research, which was founded in 1989 as part of a network of 28 CIBERs created by the United States Omnibus Trade and Competitiveness Act of 1988.
The Center for Managing Enterprises in Media, Entertainment and Sports (MEMES) examines the forces of change on the management of enterprises in entertainment and media including the impacts of technology, consolidation, and globalization. The Center and its predecessors have been around since the late 1970s and have approximately 1,000 graduates in management positions in the media, entertainment, and technology industries. 150-200 MBA students each year participate in classes, lunches with executives, Days on the Job, field studies, speakers, and other activities with the Institute. The student-run organization linked to the MEMES Center is called the Entertainment Management Association (EMA).
- List of United States business school rankings
- List of business schools in the United States
- Gerald Loeb Award
- UCLA Anderson School of Management website
- UCLA website