Carey Business School

The Johns Hopkins Carey Business School
Established	2007
Type	Private
Endowment	more than $100 million
Dean	Bernard T. Ferrari
Academic staff	66 full-time, Approx. 200 part-time[1]
Undergraduates	83[1]
Postgraduates	567 full-time, 1,016 part-time[1]
Location	Baltimore, MD, USA
Campus	Urban
Slogan	Where business is taught with humanity in mind
Affiliations	Johns Hopkins University
Website	Carey Business School

The Johns Hopkins Carey Business School, also referred to as Carey Business School or JHUCarey or simply Carey, is the business school of the Johns Hopkins University in Baltimore, Maryland. As "the newest school in America's first research university,"^[2] it distinguishes itself from traditional business schools in that "business is taught with humanity in mind."^[3][4] The school offers full-time and part-time MBA degrees, master of science degrees, a bachelor of science degree, several joint degrees with other Johns Hopkins schools, and a variety of graduate certificates as well. Forbes.com cites the Carey Business School's Global MBA program as one of the 10 most innovative business school curriculums.^[5]

History

The origins of the school can be traced back to 1909, when the "College Courses for Teachers" school was created at Hopkins. In 1925 the school changed its name to "College for Teachers", then adopted the name "McCoy College" in 1947 as it welcomed into its classrooms many World War II veterans studying on the G.I. Bill. In 1965, the school's name changed again, to "Evening College and Summer Session", until 1983, when it became known as the School of Continuing Studies. Then, in 1999, in order to more clearly reflect its two remaining major divisions, the school was renamed as the School of Professional Studies in Business and Education (SPSBE). Throughout all of these iterations, the central objective of serving the educational needs of working professionals, allowing them to complete degrees while maintaining careers, held true. Over the years, the school evolved from a teacher’s college to one of nine major schools within the university, housing the majority of Hopkins' part-time academic programs. On January 1, 2007, SPSBE separated into two new schools—the Johns Hopkins University Carey Business School and the Johns Hopkins University School of Education.^[6]

This split was engendered by the late philanthropist William P. Carey's announcement on December 5, 2006 of his gift of $50 million to Johns Hopkins through his W. P. Carey Foundation, to create a freestanding business school at the university. The gift remains the largest to Hopkins in support of business education to date. The school is named in honor of Wm. Polk Carey's great-great-great-grandfather, James Carey, an 18th- and 19th-century Baltimore shipper, chairman of the Bank of Maryland, a member of Baltimore's first City Council, and a relative of university founder Johns Hopkins.^[7]

The current dean of Carey Business School is Bernard T. Ferrari.^[8]

Initiatives

In August 2010, the Carey Business School launched its signature full-time Global MBA Program designed to "reinvent" the traditional approach to MBA education and embody the school's mission of "Teaching Business with Humanity in Mind."^[9] Since then, the Executive MBA for Advancing Professionals and the Weekend MBA for Emerging Leaders (both part-time programs) have been added, joining the part-time Flexible MBA and a full-time Master of Science in Real Estate program (which also offers a part-time option). The school also offers part-time Master of Science degrees in Finance, Marketing, and Information Systems, in addition to graduate certificates in Business of Medicine, Business of Nursing, Competitive Intelligence, Financial Management, and Investments.

The school counts as one of its major strengths its developing partnerships and collaborations with other Johns Hopkins schools, including the School of Medicine and Bloomberg School of Public Health, plus the Johns Hopkins School of Nursing, Whiting School of Engineering, and Zanvyl Krieger School of Arts and Sciences. From these partnerships have come a number of joint-degree MBA programs, including the MBA/MS in Nursing, the MBA/MS in Biotechnology, the MBA/MA in Government, and the MBA/MA in Communication. Also available from the school and administered jointly with the School of Medicine is the MBA in Medical Services Management; and, with the Bloomberg School of Public Health and on a full-time basis, the MBA/Master of Public Health. In 2011, Carey began offering a MBA/MA in Design Leadership, in collaboration with the Maryland Institute College of Art.^[10] A Bachelor of Science in Business undergraduate completion degree also is offered, with a full-time option starting fall 2012 in Washington, D.C.

The Carey Business School continues to undergo significant institutional development, hiring additional full-time faculty and exploring new course and program offerings. ^[11] The school is making steady progress toward gaining Association to Advance Collegiate Schools of Business (AACSB) accreditation in its goal to ascend the ranks of top-tier business institutions. From the outset, the school has been fully accredited by the Middle States Commission on Higher Education.

Academics

The Carey Business School's flagship program is the full-time Global MBA, which draws upon the core strengths of the university in health care while offering innovative class formats and learning experiences. Included in the curriculum are:

• Discovery to Market (also known as "D2M"): groups of students are paired with inventors through the Johns Hopkins' Technology Transfer office to assess the commercial feasibility of new discoveries.^[12][13]
• Innovation for Humanity (also known as "I4H"): a semester-long program in sustainable business which pairs groups of students with entrepreneurs in developing countries. This includes a three-week-long international residency.^[14]
• Co-taught classes during the first semester: core business disciplines are taught by two professors at once. For example, rather than offer two introductory classes in finance and accounting, the Global MBA includes a class called Financial Resources, which combines Basic Accounting with Managerial Accounting, Corporate Finance, and Investments.

The Carey Business School also offers distinctive Master of Science degrees that cover several specialities in innovative formats. These programs are geared toward part-time study; however, any student may pursue a full-time course of study in the master's programs. Master's students also have the option of earning an MBA in only 36 additional credits.

• Master of Science in Real Estate
• Master of Science in Finance
• Master of Science in Information Systems
• Master of Science in Marketing

Campus

Legg Mason Tower, the home campus of the Johns Hopkins Carey Business School

The school has several campus locations in the Baltimore-Washington, D.C. corridor, including:

• The flagship Harbor East Campus (The Legg Mason Tower), located in Baltimore's Inner Harbor

Carey Business School's founding Dean Yash Gupta, in an interview with JHU Gazette, highlighted the uniqueness and the significance of the school's location:^[15]

We think this will be an incredible place for us. From an aesthetical point, when you see water, you think calm and tranquillity. When you see the other side, you see the urban part, the renewal that has happened here. You see the hope for what can be. The progress and the zeal of America. That area of town being new is consistent with the newness of the business school.

Also, look at the occupants of the building, Legg Mason for one. Wouldn’t it be wonderful to interact with them, to have this transparency of companies in the building who meld with the school?

Look at medical schools; the great ones have great hospitals attached. The business schools are in a similar place. Business schools need to partner with businesses where their students can learn. And here we have a major business in the same building. I think this is a huge advantage for us. There tends to be a disconnect between practice and the teaching, but not here. This is a great opportunity.

• Columbia Center in Maryland
• Montgomery County Campus in Rockville, Maryland
• Washington, D.C. Campus near Johns Hopkins' Paul H. Nitze School of Advanced International Studies (SAIS) and Dupont Circle

Rankings

In 2012, the QS Global 200 Business Schools Report,^[16] released annually by Quacquarelli Symonds based on major global employers' votes, ranked the Carey Business School No. 45, up from No. 52 in 2011.^[17] The same report ranked Carey No. 29 in the world for Corporate Social Responsibility, and No. 36 for marketing. The report classified Carey as an "elite regional business school," meaning that it is among one of the "younger institutions that, having established an excellent reputation among employers within their region, will be looking to establish their brand as one with a truly global reach."

Publication

Carey publishes the ONE Magazine targeting its alumni, students, faculty, and staff. The magazine won a bronze award from the Council for Advancement and Support of Education (CASE) in the category of "College and University General Interest Magazines: Circulation Less than 29,999" in 2011.

Notable people

Prominent faculty

• Federico Bandi - Professor of Economics and Finance^[18]
• Gordon M. Bodnar - Professor of International Finance
• Dipankar Chakravarti - Professor of Marketing
• Maqbool Dada - Professor of Operations Management
• Kevin Frick - Professor and Vice Dean for Education; Health Economist
• Jim Kyung-Soo Liew - Assistant Professor of Finance
• Peter Pronovost - Professor of Healthcare Management
• Louise Schiavone - Senior Lecturer of Business Communications, CNN and NPR Correspondent^[19]
• Richard Schroth - Executive Scholar in Residence; Chairman, Executive Insights

See also

• Johns Hopkins University
• List of business schools in the United States
• List of Johns Hopkins University people in business
• Business School

References

External links

• Carey Business School
• The ONE Magazine

Coordinates: 39°16′57″N 76°36′7″W / 39.28250°N 76.60194°W / 39.28250; -76.60194