Ross School of Business 

ROSS SCHOOL OF BUSINESS

Motto: Leading in Thought and Action
Established: 1924
Type: Public
Endowment: $325 million (2003)
Dean: Robert J. Dolan
Faculty: 222
Undergraduates: 1,070
Postgraduates: 1,045
Location: Ann Arbor, Michigan, USA
Campus: Suburban, 10 acres (40,000 m²)
Website: www.bus.umich.edu

The Ross School of Business is the business school of the University of Michigan in Ann Arbor. Ross offers internationally renowned undergraduate, graduate, and doctoral degrees, as well as an executive education program. Ross also offers dual degrees with the colleges and schools of urban planning, engineering, medicine, law, education, nursing, information, music, and School of Natural Resources and Environment (SNRE).

Ross is widely considered to be one of the pre-eminent business schools in the world and prides itself in developing strong leaders for the global marketplace through its unique action-based learning approach. Ross has highly ranked BBA, MBA and Executive Education programs. Publications such as US News and World Report, BusinessWeek, The Wall Street Journal, and the Financial Times have consistently ranked both the school's undergraduate and professional programs highly, often as one of the top five in the U.S. In the year 2006 The Wall Street Journal ranked the program #1 overall; in 2008 BusinessWeek ranked the program #5 overall, while U.S. News & World Report ranked its undergraduate program #3 overall.

Contents

History

The school was founded in 1924.

Since Robert J. Dolan was named dean in 2001, Ross has attained a more cohesive identity. While the MBA program has traditionally emphasized practical experience, Dolan made it a central point in the school's effort to market itself to MBA candidates and recruiters. The approach earned the school the #1 ranking in the Wall Street Journal's 2006 and 2004 list of MBA programs, #8 in The Economist, #5 in the BusinessWeek, and #11 in the U.S. News & World Report rankings in 2006. Its BBA program is widely regarded as one of the best in the United States, having ranked within the top 3 of U.S. News & World Report every year since since the ranking's inception.

The school was renamed in 2004 after alumnus Stephen M. Ross who donated $100 million to the school. At the time of the donation, it was the largest gift ever to an U.S. business school, and the largest ever to the University of Michigan. The school has also raised money for a campus overhaul. It is slated to demolish 180,000 square feet (16,000 m²), then renovate or add 270,000 square feet (25,000 m²). The demolition and renovation webcam may be found here: Ross School Renovation Webcamor here Renovation webcam (java required)

Facilities and institutes

Much of the business school is located on the University of Michigan's Central Campus adjacent to the education and law schools. Its buildings are interconnected with each other, in some cases through skyways. With a major campus overhaul underway, the Executive Education programs are located at the Michigan Information Technology Center (MITC) near the university's Wolverine Tower office building in southern Ann Arbor.

New York City real estate developer Stephen M. Ross, BBA ’62, has provided a gift of $100 million to the University of Michigan Business School. It is the third largest donation ever to a U.S. business school (after David Booth's $300mm donation to the University of Chicago Booth School of Business and Phil Knight's $105mm donation to the Stanford Graduate School of Business) and the largest gift to the University in its 187-year history. In recognition of the power of the gift to elevate the school’s aspirations and realize its ambitious vision, the Board of Regents met in special session on September 9, 2004, to rename the school the Stephen M. Ross School of Business.

The Kresge Library's collection includes about 145,000 volumes and 3000 journals as well as microfilms, working papers, and company files. The school's John R. and Georgene M. Tozzi Electronic Business and Finance Center has a trading floor classroom that is linked to the New York Stock Exchange.

The William Davidson Institute

The William Davidson Institute (WDI) is a not-for-profit, independent, research and educational institute dedicated to creating, aggregating, and disseminating intellectual capital on business and policy issues in emerging markets. Integrating research, executive education, and practical project-based assistance, WDI generates knowledge and offers unique educational opportunities to individuals as well as indigenous and multinational companies operating in transitional economies. It provides a forum for business leaders and public policy makers to discuss issues affecting the environment in which these companies operate.

The objective of WDI's educational and research programs is to develop knowledge and capability that helps improve the effectiveness of firms and social welfare in these economies. Partnerships are formed with companies, institutions, and individuals around the world who collectively share their knowledge and resources to promote successful economic transition.

WDI was created in 1992 when Guardian Industries Corp., an international manufacturer of glass products, made a major financial commitment over a 20-year period to establish an institute at the University of Michigan Business School. Named in honor of Guardian Industries' chairman, president and CEO William Davidson, WDI represents an aggressive and visionary response to global economic transformation

WDI's areas of study include:

WDI also provides:

WDI supports international activity at the University of Michigan by funding research, hosting visiting scholars, organizing seminars and speaker series, and sponsoring summer internships. In the past thirteen years, more than 1,800 MBA students have participated in more than 450 international projects.

The Erb Institute for Global Sustainable Enterprise [1]

Created in 1996 through the generosity of Frederick A. Erb (BBA ’47) and his wife, Barbara, the Erb Institute for Global Sustainable Enterprise is a partnership between the Stephen M. Ross School of Business and the School of Natural Resources and Environment (SNRE). The Institute fosters professional education, public outreach and scientific scholarship supportive of the transition to sustainability – that is, meeting the fundamental needs of a growing human population in an equitable manner within the means of nature. The core educational activity of the Institute is the MBA/MS Program, wherein students earn a Master of Business Administration from the Ross School and a Master of Science from SNRE. The Erb Institute also delivers educational experiences for undergraduates, PhD students and executives. The Institute draws on faculty expertise throughout the University of Michigan and has three core professors -- Thomas P. Lyon, Thomas N. Gladwin, and Andrew Hoffman, who have joint appointments in Ross and SNRE.

The Frankel Commercialization Fund

The Frankel Commercialization Fund (FCF) is a “pre-seed” investment fund made possible thanks to the support of Stanley Frankel, whose overarching vision is to leverage the Stephen M. Ross School of Business talent and resources to help increase the number of successful commercial ventures coming out of the University of Michigan.

The goals of the FCF are to:

The Fund is made up of Ross MBA students (“Frankel Fellows”) selected because of their domain knowledge of the health care or technology industries and their experience and interest in early-stage company formation. The Frankel Fellows are divided into two teams, one specializing in health care investments and the other on technology investments.

The Wolverine Venture Fund

The Wolverine Venture Fund (WVF) is a multi-million dollar venture capital fund operated directly out of the Ross School of Business at the University of Michigan, enabling entrepreneurs to realize their business dreams. The Fund invests with the active involvement of MBA students, faculty assistance, and an advisory board composed of professional venture capitalists and entrepreneurs. The WVF is the largest, most active University-based venture fund of its type in the country. The Fund's contributions have been featured in numerous professional publications, including Business Week.

The WVF invests primarily in early-stage, emerging growth companies. The Fund typically provides $50,000 to $200,000 in seed and first-stage funding rounds in syndication with other venture capital funds and angel investors.

The Thomas C. Jones Endowment for BBA Education

In 2005, alumnus Thomas C. Jones donated $10 million to help undergraduates to experience programs usually provided only to MBA students. Jones, formerly the president of CIGNA's Retirement & Investment Services, was the school's first executive-in-residence and director of its bachelor of business administration degree program in 2003 to 2004. Jones had previously donated $1.5 million to the school for the Jane M. and Chester R. Jones Undergraduate Scholarship and to the Dean's Innovation Fund.

The gift established the Thomas C. Jones Center for BBA Education, which aims to help students apply classroom theory, incorporate liberal arts, and teach leadership. It also will develop capstone courses that push students to use many skills to solve complex business problems.

The Joel D. Tauber Institute for Global Operations

Manufacturing executive Joel D. Tauber donated $5 million in 1995 to establish the Joel D. Tauber Manufacturing Institute, which trains graduate students in engineering and business management. The program is run jointly with the University's College of Engineering, through the department of Industrial and Operations Engineering (IOE). In 2007, the Institute was renamed in order to signify its expanded scope of inquiry.

The Zell-Lurie Institute

In 1999, a $10 million donation established the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the Business School.

The gift came from Samuel Zell, the chairman of the board of Chicago-based Equity Residential Properties Trust and Equity Office Properties Trust, and Ann Lurie on behalf of her husband Robert. Zell has since given about $5 million more.

Institute students run the Wolverine Venture Fund, the oldest such U.S. venture, which earned $1 million when IntraLase Corp., a U-M spin-off technology company, went public.[2]

Research centers

Student life

Students publish their own newspaper called the Monroe Street Journal, named after the main street leading to the school entrance. The school is also home to The Michigan Journal of Business, the first undergraduate-level academic journal in the field of business. The latter publications are catalogued in world-renown university libraries, including the Baker Library at Harvard Business School, the Main Library of Princeton University, The Zurich library of Swiss Federal Institute of Technology, and the Kresge Library of University of Michigan.

Endowed chairs

As of 2007, 48 faculty members hold endowed chairs in their respective disciplines.

Rankings

Some recent rankings for the Ross School:

2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992
BusinessWeek(MBA) 5 5 6 8 6 4 2 6 5
BusinessWeek(BBA) 5 6
BusinessWeek(EMBA) 4 3 3 2 2
US News(MBA) 11 11 10
US News(BBA) 3 3 3 1 1 1 1 1 1 1
The Wall Street Journal(MBA) 7 1 2 1 3 2 4
Forbes(Part-Time MBA) 7 5

Business Week "management gurus"

Entities founded by Ross alums

Entity Ticker Co-Founder School
Fred Alger Management Private David Alger BUS
Federal Express NYSEFDX Roger Frock BUS
GeoCities Acquired by Yahoo! in 1999 for $3.57 billion David Bohnett BUS
Guardian Industries Private William Davidson BUS
Helzberg Diamonds Acquired by Berkshire Hathaway in 1995 Barnett Helzberg BUS
Juniper Networks Inc. JNPR A computer networking entity with a $14 billion market capitalization Sreeram Veeragandham BUS
Landmine Survivors Network Not for Profit Jerry White BUS
New Line Cinema Subsidiary of Time Warner Robert Shaye BUS
Robertson, Stephens & Company Acquired by Bank of America in 1997 for $540 million Sanford Robertson BUS
Syntel NASDAQSYNT Bharat Desai BUS

Notable alumni

Activists

Advertising and marketing

Arts and entertainment

Asset management

Athletics

Banking

Billionaires

Consulting/accounting

Educators

Energy

Entrepreneurs

Federal Reserve/FDIC/OCC/Treasury