Boston College Carroll School of Management: Rankings, Programs, and Impact

In a world demanding adaptable and visionary leaders, the Boston College Carroll School of Management (CSOM) strives to develop individuals who can embrace change, break new ground, and make a lasting difference. Through a rigorous curriculum, thought-leading faculty, and experiential learning opportunities, the Carroll School equips its graduates with the tools and confidence to excel in their careers.

Overview of the Carroll School of Management

The Carroll School of Management provides both undergraduate and graduate management education tailored to the demands of today's business landscape. Aligned with Boston College's overarching philosophy, the school aims to cultivate leaders and managers who integrate ethical considerations into their decision-making processes.

Beyond its degree programs, the Carroll School collaborates with the business community. It offers executive development programs and provides student consulting services in areas such as financial and strategic analysis, product development, and general business planning. These partnerships enrich the learning experience and provide students with real-world exposure.

The Carroll School of Management is dedicated to educating undergraduates preparing for management careers, graduate students seeking greater responsibilities in the global economy, and experienced professionals aiming to enhance their skills and vision. Vigorous teaching and learning, coupled with research that advances business theory and improves management practices, are central to the school's mission. This collaborative effort involves students, faculty, staff, the business community, and the broader academic community.

Historical Context

Founded in 1938 as the College of Business Administration, the Carroll School of Management has a rich history. At the invitation of Boston College president Father William J. McGarry, S.J., over 30 prominent businessmen and bankers from Boston and New York City formed an advisory committee to guide the school. The first classes began on September 16, 1938, with 72 students selected from over 100 applicants. In 1989, the school was renamed in honor of industrialist and alumnus Wallace E. Carroll. Fulton Hall, the school's home, is named after Father Robert Fulton, the first dean and twice president of Boston College.

Rankings and Recognition

The Carroll School of Management consistently receives recognition for its high-quality programs. In recent years, U.S. News & World Report has highlighted the school's achievements in various rankings.

Specifically, the Carroll School's full-time MBA program has maintained a strong position, while its part-time MBA program remains the highest-ranked program of its kind in New England. The school's finance and accounting programs have also achieved top-10 placements in their respective disciplines.

These rankings reflect the Carroll School's commitment to providing a top-tier business education and its success in preparing graduates for successful careers. U.S. News & World Report considers factors such as graduate placement rates and earnings when assigning ranks. The survey found that new graduates of the full-time MBA program earned a total annual compensation of $144,216, averaged for the past two years.

Marilyn Eckelman, the Carroll School’s dean of graduate programs, said the BC MBA’s “high touch” approach to working with students has enabled the school to continually upgrade their skills and make them profession-ready.

Academic Programs

The Carroll School of Management offers a comprehensive range of academic programs at the undergraduate and graduate levels.

Undergraduate Program

Prospective students apply directly to the Carroll School during their senior year of high school through Early Decision (ED I or ED II) or Regular Decision. The undergraduate program balances a liberal arts education with a general management curriculum.

Students have the flexibility to dual-concentrate within CSOM, pursue minors in the Lynch School of Education or the College of Arts and Sciences, enroll in the pre-med program, or even pursue a full major in the College of Arts and Sciences while enrolled as a student in CSOM.

The admissions rate for the Carroll School's Class of 2019 was 39%.

Graduate Programs

Applicants to the full-time M.B.A. program are required to take the GMAT exam. All full-time M.B.A. students must complete a specialization area, such as Asset Management, Corporate Finance, or Global Management. The Carroll School also offers two M.S. programs.

Doctoral Programs

The Carroll School offers three Doctor of Philosophy programs: Ph.D. in accounting, Ph.D. in finance, and Ph.D. in organization studies. The doctoral program takes five years to complete.

Read also: History of the BU Bridge

Departments and Concentrations

The Carroll School of Management offers a wide array of departments and concentrations, including:

Accounting
Business Analytics
Consulting
Finance
General Management
Leadership
Manufacturing and Technology Management
Marketing
Management Information Systems
Production/Operations Management
Organizational Behavior
Portfolio Management
Supply Chain Management/Logistics
Quantitative Analysis/Statistics and Operations Research
Tax
Technology

Centers and Initiatives

The Carroll School of Management is home to several centers and initiatives that enhance its research, outreach, and impact.

The Center for Corporate Citizenship

Established in 1985, the Boston College Center for Corporate Citizenship is a membership-based research and education center within the Carroll School of Management. The center provides knowledge and learning opportunities designed to help executives, managers, and employees advance positive corporate citizenship.

It offers research, tools, conferences, networking, and executive education programs pertaining to issues of corporate citizenship/corporate social responsibility to corporate members worldwide. The Center facilitates interchange among corporate responsibility thought leaders and helps develop and launch the Journal of Corporate Citizenship, which focuses explicitly on integrating theory about corporate citizenship with management practice.

The Boston College Chief Executives Club

The Boston College Chief Executives Club is a premier business forum program in partnership with the Carroll School. It attracts chief executives from various fields as keynote speakers to address their peers. The club is governed by a Board of Governors drawn from Boston's business leadership.

Tuition and Funding

Tuition for the Carroll School of Management varies depending on the program. For the full-time program, the tuition is $65,080 per year (in-state and out-of-state). For the part-time program and specialty master's programs, the tuition is $2,128 per credit (in-state and out-of-state).

Fortunately, there are many options available to help students fund their master's programs, including scholarships.

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