Type Private Dean Ira Solomon Endowment 62 million USD | Established 1914 Academic staff 124 Undergraduate tuition and fees 90,945 USD (2011) Number of students 2,695 Founded 1914 | |
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Notable alumni Similar Tulane University, Kellogg School of Management, Columbia Business School, H Sophie Newcomb Memorial, Goizueta Business School | ||
The Freeman School of Business, at Tulane University, is located in New Orleans, in the U.S. state of Louisiana. The school offers undergraduate programs, a full-time MBA program and other master's programs, doctoral programs, and many executive-education programs, and consistently ranks among the top business schools nationally and globally and was a charter member of the Association to Advance Collegiate Schools of Business in 1916.
Contents
- History
- Degrees
- Joint degree Programs
- Burkenroad Reports
- Global Leadership program
- Freeman Days
- Levy Rosenblum Institute for Entrepreneurship
- Campus
- Uptown New Orleans buildings
- Trading room
- Investments
- Current faculty
- Alumni
- Rankings
- References
The school is known in the finance community as the publisher of the Burkenroad Reports, and is regularly ranked among the top ten schools in finance by the Financial Times. Additionally, Entrepreneur Magazine consistently ranks the Freeman School among the top twenty schools for entrepreneurship; giving the school a ranking of No. 4 in 2009. The Financial Times's Global MBA Rankings 2010 ranked the Freeman School as the 35th best business school in the United States; the U.S. News & World Report ranked the MBA program 40th in 2011.
The school's main location, in the center of Tulane's Uptown New Orleans campus, is next to the Tulane University Law School and across a pedestrian thoroughfare (McAlister Place) from the university's student center. Every year, leading finance and M&A practitioners from throughout the United States come to Tulane to attend the Tulane Corporate Law Institute forum. The school was named in honor of Alfred B. Freeman, a former Coca-Cola Bottling Co. chairman and prominent New Orleans philanthropist.
History
In 1914, Tulane University's business school was founded as the "College of Commerce and Business Administration". Two years later, the school became one of the fourteen founding members of the American Assembly of Collegiate Schools of Business (AACSB), the nation’s accrediting body for business schools. In 1940, the school began offering the Master of Business Administration program. The Doctor of Philosophy program began in 1976, and the Executive MBA program began in 1983. Three years later, the school moved from Norman Mayer Memorial Hall, one of the oldest buildings on Tulane's campus, to its present home, Goldring/Woldenberg Hall. Since then, a separate graduate-programs building was constructed, giving the school two main buildings along McAlister Place in the center of Tulane's Uptown New Orleans campus.
Degrees
The school offers a Bachelor of Science in Management degree, as well as numerous graduate degrees, including the following: Master of Business Administration (MBA), Master of Accounting, Master of Finance, Master of Management, Master of Risk Management, Doctor of Philosophy.
Joint-degree Programs
Joint-degree offerings include, but are not limited to, the MBA/JD (Law), MBA/MPH (Health Systems Management), MBA/MA (Latin American Studies), MBA/MD, MBA/BA, and Master of Accounting/BA.
Burkenroad Reports
The Burkenroad Reports provide stock analyses of small- to mid-size companies throughout the Texas to Florida region of the United States. Many of these companies would otherwise not be covered by bulge bracket financial firms; consequently, the reports provide unique information that investors rely on, which helps the followed companies gain access to capital. Students are the primary authors of the reports, and they get the opportunity to visit the followed companies and interview top management. This process allows students to gain practical and marketable stock analysis skills, as well as insight into strategic management.
Global Leadership program
As part of their international-business concentration, all Freeman MBAs complete modules on conducting business in Latin America, Europe and Asia. Each module includes a trip to the region being reviewed, where classes are taught at local business schools and students get the opportunity to visit local businesses. Recent visits took place in Paris, Beijing, Mexico City, Monterrey, and Buenos Aires. Schools visited have included ITAM, Tsinghua University and EGADE.
Freeman Days
Within the United States, the Freeman School annually hosts company visits at corporate headquarters in New York City, Houston, and Washington, D.C. New Orleans employers typically come directly to the Uptown New Orleans campus. The school refers to these events as "Freeman Days." Past employer-participants have included Morgan Stanley, Google, Booz Allen, and Goldman Sachs.
Levy-Rosenblum Institute for Entrepreneurship
The Levy-Rosenblum Institute seeks to provide entrepreneurial-minded students with opportunities to develop entrepreneurial skills inside and outside of the classroom. As such, the program connects students with entrepreneurial professors and full-time entrepreneurs in a wide-variety of fields. Donations from the Levy-Rosenblum Foundation and other charitable entities have resulted in a great number of monetary-award-winning opportunities for Freeman students with entrepreneurial ideas. Because of the Institute's resources—including the ability to offer $200,000 annually in merit-based scholarships and an annual business-plan competition with a prize of $50,000—Tulane consistently ranks among the top 20 universities for entrepreneurship by Entrepreneur Magazine.
Campus
The Freeman School maintains facilities in both New Orleans and Houston. Its two main buildings sit in the center of Tulane's Uptown New Orleans campus, which is located on St. Charles Avenue, across from Audubon Park.
Uptown New Orleans buildings
Goldring/Woldenberg Hall I (GW I) was completed in 1986. It primarily houses the undergraduate programs. Construction of Goldring/Woldenberg Hall II (GW II) was completed in November 2003. The building sits next to GW I and across the street from Tulane's Lavin-Bernick Center (LBC), a state-of-the-art student center completed in 2006. GW II houses the graduate business programs and a trading room.
Trading room
GW II also houses a trading room. The room has ninety-eight flat-screen computer monitors (two for each work space), televisions to provide news coverage, and a news ticker / stock ticker monitor that can be read from the nearby McAlister Place. All the desks have access to Bloomberg and Reuters financial databases. The trading room is meant to resemble spaces that can be found usually at banks and brokerage houses.
Investments
In late November 2008, the university announced that donors are funding elimination of the street (McAlister Drive) between the Uptown business school and the cafeteria/bookstore, to transform the center of campus "into a vibrant, pedestrian environment." Between 2003 and 2009, the Entergy Corporation donated $1 million to the Freeman School to develop the Tulane Energy Institute, a program aimed to stimulate energy-related instruction. In March 2009, the university announced the designation of a $1.5 million donation to support in perpetuity an MBA/JD professor of national stature at Tulane.
Current faculty
Alumni
Rankings
Several news publications, including the Financial Times, Forbes, América Economía and the U.S. News & World Report, regularly rank the Freeman School among the top 50 business schools in the nation. Individually, the Finance department has been ranked among the top 10 in the world by the Financial Times on several occasions. Also, Entrepreneur Magazine has consistently ranked Freeman among the top 20 schools for entrepreneurship.
The Freeman School's Finance department was ranked 6th in the world by the Financial Times in 2005, and 10th in 2008.
U.S. News & World Report ranked the MBA program 40th in 2011.
Financial Times ranket the MBA program 35th in the U.S. in 2010 and 46th in 2008
Entrepreneur Magazine ranked the MBA program 4th in 2009, 17th in 2008, and 13th in 2006
AméricaEconomía magazine ranked the MBA program 24th in 2008 and 22nd in 2006
Fortune magazine's list of the Top 50 B-Schools for Getting Hired ranked the MBA program ranked 39th in February 2007
Forbes ranked the MBA program 44th in 2007; 52nd in 2009
Undergraduate business program ranked 43rd by U.S. News & World Report in September 2008. The Executive MBA program ranked 6th in Latin America by AméricaEconomía magazine in August 2006.
Tulane University’s Freeman School, which admitted in January that it submitted inflated data to U.S. News for five consecutive years, tumbled 24 places this year to a rank of 67th based on the now accurate information it gave to U.S. News for the ranking. The school had said it inflated average GMAT scores by an average 35 points for five straight years from 2007 through 2011. Freeman also conceded that it had falsely increased the number of completed applications it received by an average of 116 applications over the same time period. U.S. News tossed Tulane out of its ranking as a result of the admission, but the school was back in 2013.
In 2013, Tulane said the average GMAT score for its just enrolled class of full-time MBA students was 629–some 41 points below its reported number of 670 last year. The school’s acceptance rate ballooned to 82.9%, up from the reported 56.7% number last year. The average grade point average also showed a slight decline to 3.24, from 3.30 last year, and the percentage of graduates who had job offers by commencement plummeted to 54.9%, from a reported 78.8% a year earlier.