Kenan-Flagler Business School

University of North Carolina at Chapel Hill, Kenan-Flagler Business School History

University of North Carolina at Chapel Hill, founded in 1795, is a public, coeducational institution. The 729-acre campus is located in a small town 25 miles west of Raleigh and is part of the Research Triangle. Total undergraduate and graduate enrollment is 27,276.

The Kenan-Flagler Business School was founded in 1952 and is located on the main campus, in its own building, McColl Building. Courses also are offered at Washington, D.C., Europe, Asia, and South America (MBA). The basic educational approach is to focus on use of the case-study method and work in small groups through a mixture of case method, lectures, immersion learning, simulation, and teamwork for group discussions and projects. It is an integrated general management curriculum with a focus on business issues and problems. A global view is incoporated in every course.

University of North Carolina at Chapel Hill, Kenan-Flagler Business School Academics

The UNC Kenan-Flagler offers the Master of Business Administration (MBA) and Master of Accounting (MAC) as well as a doctoral program in business administration, and a joint degree in law (MBA/JD), city and regional planning (MBA/MRP), school of public health (MBA/MHA), and MBA/MSPH school of information and library science (MBA/MSIS). Other programs include interdisciplinary programs, cross-registration with North Carolina State and Duke Universities, 40 foreign exchange programs in more than 35 countries, internships, including an international summer internship program, and a global strategic alliance with the Monterrey Institute of Technology and Higher Education in Mexico, and cooperative programs with 4 countries. There is an MBA for Executives program offered on evenings or weekends. The strongest areas of study are management, finance, marketing, global supply chain management, entrepreneurship, real estate, consulting, and leadership. The most popular courses are Complex Deals, Negotiations, and Financial Statement Analysis. Regular programs bring distinguished speakers and visiting professors to campus. These include a variety of lecture series, a distinguished faculty scholar program, and a partnership with the Asian Institute of Technology that involves faculty exchanges and collaborative research.

Sixty-three total credits are required to complete the MBA, including 28 elective credits. Required courses include:

• Analytical Tools
• Ethics
• Financial Accounting
• Financial Tools
• Microeconomics
• Finance
• Macroeconomics
• Marketing
• Operations
• Strategy
• Leading and Managing
• Teamwork and Leadership
• Fall Integrative Exercises
• Spring Leadership Exercise
• Three of the following the first year:
• Global Context
• Business Innovation
• Managerial Accounting
• Corporate Strategy
• Sustainable Enterprise
• Global Marketing

Required courses for the MAC include:

• Financial Reporting I, ll, and III
• Individual Income Taxation
• Introduction to Business Taxation
• Deloitte Corporate Taxation
• Cost Accounting
• Auditing and Assurance Services
• Tax and Business Strategy
• Accounting for Mergers and Acquisitions
• Ethical Aspects of Management
• Financial Statement of Analysis
• Introduction to Financial Accounting
• Introduction to Managerial Accounting
• Introduction to Technology
• Microeconomics
• Legal Environment of Business
• Financial Management
• Quantitative Methods

Required courses for the MBA/EMBA include:

• General Management and Strategy
• Strategic Technology and Business Innovation
• Business Ethics
• Strategic Economics
• Macroeconomics: The Global External Environment
• International Competitive Strategy
• Communications Skills
• Capstone: Strategic Thinking and Change
• Financial Accounting
• Mangerial Accounting
• Analytical Tools for Decision Making
• Financial Management
• Marketing Management
• Microeconomics for Managers
• Global Operations Management
• Developing Managerial and Leadership Skills

Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time is 2 years; for the MBA (1 year for the Mac) maximum, 5 years.

There are 94 total full-time graduate business faculty, of whom 94% hold a doctorate; there are 56 part-time faculty. Faculty salaries are rated above average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 6; average business class sizr is 70 in core courses, 45 in electives.

University of North Carolina at Chapel Hill, Kenan-Flagler Business School Unique Programs

Library

The Career Resourcs Center Library houses a collection of more than 1011 volumes, 33 microform items, and 75 audio/video tapes/CDs, and subscribes to 54,000 periodicals. The business library is particularly strong in finance, international business, marketing, economics, accounting, consulting, and real estate. Students have access to more than 51 databases, including Business Source Premier, Premier, Factiva, MarketLine, Business Insights, and TableBase. Other opportunities for research consist of membership in the Center for Research Libraries, a machine-readable data files center that includes data from the Department of Commerce, and a reciprocal borrowing agreement with Duke University, North Carolina State University, and North Carolina Central University.

Computers

Graduate business students must have their own PCs. The business school has its own computer facilities, consisting of technology center with 19 classrooms and an auditorium featuring multimedia consoles, as well as audio, video, and data capabilities. There is a PC laboratory with 40 terminals. Software includes SPSS, Crystal Ball, Bloomberg, and the full suite of Microsoft Office. Facilities are open daily from 9 a.m. to 11 p.m. weekdays and weekends.

Career and Job Placement

Average starting salary of the most recent graduating class was $89,494; range was $15,000 to $140,000. Placement services are extensive. Placement services for alumni include individual counseling, career workshops, employer and alumni databases, job posting, and career fairs. Placement is available through MBA Career Management Center. Ninety-three percent of the most recent graduating class found jobs within three months of receiving their degree.

International Students

International students must take the TOEFL or the IELTS. They also must submit a translation of their transcripts, proof of health consisting of the university health form and proof of health insurance, and proof of adequate funds to cover 2 full years of study. Financial aid is available for these students and consists of merit fellowships and the NC extra loan program. The admissions application deadlines are October 27 (early action), December 1, January 5, and March 2.

Calendar

The school operates on a traditional semester basis. Graduate programs are offered during the day and evening and weekends and only full-time.

University of North Carolina at Chapel Hill, Kenan-Flagler Business School Admissions

A bachelor’s degree is required. Most important admissions factors are work experience, management potential, and motivation. A strong mathematics background is required.

The number of applicants for the 2006-2007 class was 1338; 635 were accepted; 285 enrolled. The average GPA was 3.3; average GMAT score was 664. Transfers are not accepted. Minority students are actively recruited by a planned weekend for minority candidates to meet faculty and students and to attend classes, and by membership in the Consortium for Graduate Study in Management.

Students may begin the MBA program in the fall only. To apply, students must submit an application form, a transcript, GMAT scores, a nonrefundable application fee of $130, 2 letters of recommendation, and a personal interview (on campus, phone, or alumni). The application for fall entry are October 27 (early action), December, January 5, and March 2. Students are notified 6 to 8 weeks after each deadline of the admissions decision. The latest acceptable test date for fall entry is March.

University of North Carolina at Chapel Hill, Kenan-Flagler Business School Financial Aid

About 77% of graduate business school students receive financial aid from scholarships, loans, and graduate assistantships, for a total average of $38,771 annually; maximum $59,673. Stipends and programs are available for minority students through the Consortium for Graduate Study in Management and the Forte Foundation. The FAFSA is required. Check with the school for current application deadlines.

Books and supplies cost approximately $2398; personal expenses, $17,988, for an estimated annual total of $40,478 for in-state residents and $57,852 for out-of-state residents. Graduate student housing consists of a dormitory on the main campus, which also houses undergraduate students. Most graduate students live off campus.

University of North Carolina at Chapel Hill, Kenan-Flagler Business School Students

All of the current graduate business school class are enrolled full time; all have had an average of 5 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students are from the South (28%). Twenty-seven percent are women, 12% are minorities, and 27% are foreign nationals. The average age at entrance is 28; ages range from 23 to 43. Students’ undergraduate majors were as follows: 33%, business; 26%, engineering; 13%, economics; 11%, social sciences; 9%, humanities; and 8%, math and science. About 1% of entering students leave by the end of the first year due to academic or personal reasons; 99% remain to receive their degree. In 2006, 268 graduate business degrees were awarded.