HISTORY
In response to a recommendation in 1923 by then Baylor President Samuel Palmer Brooks, Baylor University launched a new academic entity - the Baylor School of Commerce and Business Administration - to better equip men and women in the different fields of business.
The business school's impressive complex, which includes the Hankamer and Cashion buildings, was made possible in the late 1950s when Earl Hankamer, a Houston alumnus of the School of Business, generously provided the lion's share of funds needed to complete the original limestone Hankamer building at the corner of Fifth Street and Speight Avenue.
Other generous gifts from loyal friends of Hankamer over the years have permitted sizable additions to the school, which have resulted in the very latest classroom designs, computer labs, study areas, and offices. Most recently, the Financial Markets Center was built to create a boardroom type atmosphere, but have the functionality of a classroom, a videoconferencing suite and a place for students to conduct financial research. The facility serves as the classroom for the Practicum in Portfolio Management course for the student-managed Philip M. Dorr Alumni and Friends Endowed Investment Fund, currently valued at approximately $7.1 million.
More than 30 years ago, in 1977, Hankamer was one of the first academic institutions in the country to establish a Center for Private Enterprise and Entrepreneurship-an educational program to broaden the understanding of the American economic system. By 1984, a separate center, later endowed by Mr. and Mrs. John F. Baugh of Houston, was required to meet the growing needs of entrepreneurs and growth companies.
Today, the Hankamer School of Business enrolls more than 2,600 students in business courses each year, including more than 300 graduate students. The school operates with 148 faculty members and 36 staff members through six academic departments and eight professional centers. The school has more than 20,000 alumni located in all 50 states and numerous countries around the world.
PROGRAMS
Our mission statement calls for us to engage our students in active learning. No better example can be given than the program offered by our Finance Department where students manage a real dollar portfolio, the Phil Dorr Alumni and Friends Investment Fund, which, with a current market value of $7.1 million, is one of the largest student-managed portfolios in the nation.
Baylor is one of only a handful of schools offering a Professional Selling program. Students learn how to design and deliver effective sales presentations, manage accounts, develop sales plans, and manage a sales force. The School’s Sports Sponsorship & Sales degree is the only one of its kind, with guaranteed internships at professional sports teams as a part of the program. Students in the Music & Entertainment Marketing program have the opportunity to work internships with major music, film, and theatre companies.
Baylor Business Fellows is a special degree program offered to the best Baylor students giving each the flexibility to reach all their educational goals by allowing them to choose the pieces that compose their degree.
The MBA program offers the option of a specialization in Healthcare Administration, which features a seven-month paid residency in a hospital system as part of the curriculum. The MBA program also includes an active learning project called the Focus Firm which provides a singular opportunity for students to gain real-world business experience handling real-world problems.
Baylor's Accounting program also has a distinguished history. Its graduates consistently place among the highest in the state of Texas in scores and pass rates on the certified public accountant (CPA) exam.
Undergraduate
Baylor Business offers 24 major fields of study leading to the Bachelor of Business Administration degree: • Accounting • Baylor Business Fellows • Business/French • Business for Secondary Education • Business/German • Business/Russian • Business/Spanish • Media Business • Business-Journalism • Distribution Management and Technology • Economics • Entrepreneurship • Finance • Financial Services & Planning • Human Resources Management • Information Systems • International Business • Management • Marketing • Professional Selling • Public Administration • Real Estate • Risk Management & Insurance • Sports Sponsorship & Sales
Graduate
Baylor Business offers 12 graduate degrees including: Master of Business Administration (MBA) • Juris Doctor/Master of Business Administration (JD/MBA) • MBA/Master of Engineering (MBA/ME) • MBA/Master of Science in Information Systems (MBA/MSIS) • MBA/Master of Science in Computer Science (MBA/MSCS) • Master of Accountancy (MAcc) • Master of Taxation (MTax) • Master of Science in Economics (MS-Eco) • Master of Science or Master of Arts in International Economics (MSIEco/MAIEco) • Master of Science in Information Systems (MSIS) • Juris Doctor/Master of Taxation (JD/Mtax) •Executive MBA programs: • Austin â€" Evening program • Dallas â€" Weekend program
OPPORTUNITIES AT BAYLOR
PEP
Baylor MBAs use their business skills to give back to the community. More than 25 MBAs are volunteering alongside business executives to help prisoners, who are part of the Prison Entrepreneurship Program (PEP), prepare business plans. The Baylor volunteers are assigned to one student or team so they can become familiar with the PEP students' business plan(s).
FOCUS FIRM
The Focus Firm project provides a singular opportunity for students to gain real-world business experience handling real-world problems. Rather than simply going over cases or running through simulations, Baylor offers MBA students an inside view of an actual company with real-time issues by partnering with an individual corporation through a semester long Focus Firm course.
INVESTMENT FUND
Baylor University has a student-managed investment portfolio currently valued at approximately $7.1 million. The team that manages this equity securities portfolio also learns the tools and techniques used by professionals to analyze and select individual stocks. They do this in a specially designed “hands-on†finance course, the Practicum in Portfolio Management. Students enrolled in this course manage the investment fund, which has been endowed with monies contributed by Baylor alumnus Philip M. Dorr and other Baylor alumni and friends, along with additional funds from the University.
ETHICS
True to its mission to prepare leaders with integrity, the Hankamer School of Business launched an Ethics Focus Week in 1999. By the time Enron filed for bankruptcy in 2001, the foundations for what would become the Dale P. Jones Business Ethics Forum were firmly in place. In addition to a panel of speakers from both academia and the business world, the forum includes an ethics case competition for MBA students. MBA teams are given a 12- to 20-page business scenario that poses an ethical dilemma; two days later, they present recommendations to a panel of judges on how the leader of such a company should act.
INTERNATIONAL EXCHANGES
A wide range of study abroad programs are available through bilateral relationships with international universities offering MBA candidates the exciting opportunity to experience an academic culture of another country. Baylor enjoys bilateral exchange programs with universities across the globe â€" from Yonuk College in Thailand, to the University of Edinburg in Scotland. Baylor also offers study opportunities in Mexico, Hong Kong, France and China.
CORPORATE ENTREPREURSHIP
In 1977 Baylor became one of the first business schools to establish an entrepreneurship specialty. Today, Baylor is internationally recognized for its Innovative Educational Research and Outreach program, and is sharpening its focus through a concentration in corporate entrepreneurship. A four-course sequence in entrepreneurship culminates in an experiential course in technology entrepreneurship that can be taken on campus or in combination with a summer internship in Shanghai, China. Student teams in this course â€" on campus or abroad â€" assess and develop commercialization plans for operating companies, driving growth through technology-based innovation.
GRADUATE SCHOLARSHIPS
Baylor Business is committed to building leaders, not simply careers. We invest in promising students, offering fellowships and assistantship awards to approximately 75 percent of our MBA students. The primary consideration when reviewing an admitted application is the candidate's work experience.
Dean's Scholars
A limited number of scholarships are awarded to outstanding applicants with solid professional backgrounds and a strong desire to learn and achieve. Dean's Scholars receive 100 percent tuition remission, plus an optional stipend in which they can earn up to $2,500 per semester in exchange working an average of 10 hours per week for the Business School.
International Fellowships
All students are considered for our International Fellowships, which are given on the basis of international experiences, travel, and multicultural exposure. International Fellowships receive tuition remission, ranging from 75 to 100 percent, plus a stipend in which they can earn up to $2,000 per semester in exchange working 10 hours per week for the Business School.
Graduate Assistantship Awards
Graduate Assistantships are awarded in different percentages ranging from 50 to 90 percent of tuition remission. Stipend awards may be offered in addition to the tuition remission. Graduate Assistants who receive stipends can earn up to $2,000 per semester in exchange for working 10 hours per week for the Business School.
RANKINGS
The Undergraduate program is ranked 36th in BusinessWeek’s rankings of the Top Undergraduate Business Schools. The program earned a grade of A in teaching quality, as well as facilities and services.
Baylor ranks 65th in the Best Undergraduate Business Programs category of America’s Best Colleges survey by U.S. News & World Report.
The MBA program climbed 2 spots to 71st in U.S.News “Top Business Schools†list.
The Entrepreneurship program is ranked 14th by U.S.News. It is one of the best 25 Entrepreneurship programs according to Fortune Small Business, which also places the Family Business program in its choice of the best six in the nation.
The Accounting undergraduate program is ranked 25th (6th among private schools) and the graduate program is ranked 24th (5th among private schools) in the nation by Public Accounting Report.
Baylor students from the Master of Accountancy (MAcc) and Master of Tax (MTax) degree programs had a higher pass rate on the 2006 CPA exam than any other graduate program in the state and ranked fourth in the country, according to the National Association of State Boards of Accountancy statistics for Candidate Performance on the Uniform CPA Examination.
All of the Big 4 firms have named Baylor as a national recruiting campus. Our curriculum, accredited by the AACSB, provides not only a strong technical accounting foundation, but also develops written and oral communication skills, teamwork skills, time management skills, and critical thinking skills.
The Executive MBA program (in Dallas and Austin) is ranked 1st in the Metroplex for salary increase by Financial Times.
In international course experience, Baylor ranked No. 1 in Texas. Baylor also ranked No. 2 in the U.S. for women faculty and No. 5 in the U.S. for women students.
LOCATION
Nestled in the Heart of Texas, Waco is central to many big Texas cities including Houston, Dallas/Fort Worth, Austin, and San Antonio. Dallas/Fort Worth lies 100 miles north of Waco and sports over 5,000 corporate headquarters, while Austin stretches 100 miles south and enjoys the reputation of a progressive technological center. Houston, along the Texas Gulf, holds the rank of 4th largest city in the United States and San Antonio to its west, rivals its population with a U.S. ranking of five. The Waco metropolitan area offers a wealth of industry, culture, and recreation while maintaining the charm and hospitality of a small town. The city and surrounding area has a population of 208,000 and features excellent restaurants, extensive shopping and a variety of cultural events. Housing is affordable and part-time jobs abound.
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