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WFU MBA Brochure

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2008 - 2009 Full-time MBA Bulletin

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A message from our Dean

Your decision to pursue an MBA degree will be one of the most important investments you will make in your life. Where you choose to study will have an enormous impact on the return that you have on your investment.

The Babcock School provides a unique opportunity for you, the aspiring MBA student. The rigorous curriculum will certainly arm you with the technical skills you need to succeed, but the Babcock experience is much more than that.

Our objective is to help each student define his or her calling in life, and grow as a leader in all areas of life. You should be challenged to follow your passion so that your life’s work has significance to you, as well as to our society. A complete business education must go beyond head knowledge, offering you the environment in which to develop a game plan for life.

Our Full-time MBA Program is deliberately small, with fewer than 100 full-time students enrolled each year and class sizes under 40. Because of this you will have the unique opportunity to develop close and meaningful relationships with our very talented faculty.

I have recently assumed the role of Dean of Business at Wake Forest University after spending 23 years with PepsiCo and ultimately serving as its chairman and CEO. I look forward to helping you, who are part of the next generation of business leaders, find your path and grow as a leader in all areas of your life.

Best regards,

Steve ReinemundDean of BusinessProfessor of Leadership and Strategy

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Table of Contents

The Wake Forest Difference

Personalized LearningCoursesBeyond the ClassroomTeamwork

Entrepreneurial Thinking

Faculty Connections

Alumni Connections

Student LifeCommunity & DiversityInternationalWinston-Salem

Career ManagementPlacement StatisticsRecruitersClass Profile

AdmissionsAdmissions CalendarScholarships & Financial AidContacts

Quick Facts

www.mba.wfu.edu

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Hanging Rock State Park, 30 miles north of campus

Taking you as far as your vision.

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A learning experience crafted to connect students to their futures.

The Babcock School is a place that will spur your imagination and inspire you to attain a level of achievement you may never have realized was possible. An environment intimate enough to engage and challenge each student individually still connects this community of faculty, staff and alumni with a curriculum that’s on the leading edge of business theory. Our entrepreneurial initiatives, as well as our commitment to developing responsible business leaders, put us among the top programs in the nation. And while maintaining such a personalized environment, our resources, wealth of talent and valued alumni network have grown over the years to become defining points of the MBA program. Our success in connecting relevant curriculum, engaged students and involved faculty with global alumni reach is the very essence of what you’ll hear our grads define as “the Wake Forest difference.”

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THE WAKE FOREST DIFFERENCE

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Wake Forest’s MBA program offers the individual attention and guidance required to create a uniquely personal experience. Our students become immersed in an environment that encourages individual contributions within a team-oriented structure.

Learning built around the idea that your ideas matter.

Intimate enough to ensure you’ll never blend in.In the words of one recent graduate, “If you’re looking to blend into the woodwork, Babcock is not the place for you.” In our program, students excel by actively seeking responsibility and assuming leadership roles. Our class sizes give students more opportunities to interact and exchange ideas with faculty and classmates, hone communication skills and support analyses. As in your chosen career, you will be expected to analyze situations, isolate key issues, form solutions or opinions, and share your conclusions with peers.

Crafting solutions by understanding every part of the problem.Good solutions address more than one part of a problem. That’s why our curriculum is integrative, weaving disciplines together instead of isolating them. Students develop a holistic approach to management, analyzing and solving problems by understanding the full range of functional areas. Our Commercializing Innovation course, for instance, teaches how to evaluate ideas for commercial viability and begin to make an innovation tangible. The class brings together business, law and medical school students from Wake Forest’s research labs to examine current technology transfer innovations from the university’s Office of Technology Asset Management.

Learning through experience, and experiencing the results.Be a project consultant in our Management Consulting Practicum. Do a field study program with a real company and provide real solutions. Organize our Babcock Leadership Series of guest lectures. Lead a charitable program that benefits the community. The real-world experience adds value to your education. And your education, in turn, adds value to the real world.

PERSONALIZED LEARNING

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INTEGRATIVE INSTRUCTION REQUIRED CLASSES:

JOINT DEGREE PROGRAMS*

REQUIRED CLASSES:

AccountingFinancial ManagementInformation Technology ManagementInternational Business ManagementInternational Competitive Policy IMacroeconomics

PROGRAM JD/MBA MD/MBA MSA/MBA PhD/MBA** *Students must meet regular admissions standards for both schools.**Offered through Evening MBA Program.

PARTNER SCHOOL AT WAKE FORESTSchool of LawSchool of MedicineCalloway School of Business and AccountancyGraduate School of Arts and Sciences

YEARS OF STUDY4565

Management CommunicationManagerial EconomicsMarketing ManagementOperations ManagementOrganizational BehaviorQuantitative MethodsTwo mini-electives

International Competitive Policy IILaw and EthicsManagement Consulting Practicum(not required of students with more than three years of work experience)

CAREER CONCENTRATIONSIn the second year, students may select one primary concentration (12 elective credit hours),

two primary concentrations (12 elective credit hours each) or one primary/one secondary concentration (12/9 elective credit hours) from among five areas:

1STYEAR

2NDYEAR

CONSULTING/ GENERAL

MANAGEMENT

ENTREPRENEURSHIP

Corporate Finance/TreasuryFinancial AnalysisInvestment BankingSecurity Analysis/Asset Management

Six SigmaSupply Chain Management

FINANCE

MARKETING

OPERATIONSMANAGEMENT

OTHER OPTIONS:INDEPENDENTLY DESIGNED CONCENTRATION

Available by petition to allow students to pursue specialized interests

INFORMATION TECHNOLOGY MANAGEMENTAvailable only as a secondary concentration

These are our classes. Your course, however, is up to you.Students begin their course of academic work with an integrative program of core business and management components. This builds a solid foundation, and by late in the first year, students pursue electives and focus studies in one of five career concentrations.

The learning environment incorporates relevant business experiences, distinguished guest speakers, company-sponsored projects, student club trips and career immersion weekends.

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Up close and personal: Speakers ranging from business leaders to world leaders.

Learning by doing: Complementing your studies with competition.Our students don’t just compete in national competitions. They organize them and run them, too. They book nationally known speakers, coordinate countless details and manage hefty budgets. So no matter how the competition goes, our students win.

Elevator CompetitionEntrepreneurs reach for the sky in this event, in which teams of MBA students from the world’s best universities take two two-minute elevator rides with venture capitalists, with the goal of pitching a business plan. Winning teams are invited to make more detailed presentations to venture capitalists who are interested in funding student projects.

MBA Marketing SummitEach year, the school hosts the nation’s premier marketing case competition, now entering its 19th year. This student-organized event draws teams from major universities throughout this country and around the world. Teams have 36 hours to solve a company’s real-world marketing challenge and present their recommendations to a panel of distinguished judges. Corporate sponsors have included Coca-Cola, DISH Network, GlaxoSmithKline, Motorola, Wachovia Wealth Management and Yahoo!.

Traveling for National CompetitionsOur students are building a winning tradition in national competitions. Recently Babcock students won the Wachovia Finance Case Competition, the Minority MBA Exclusive Case Competition at Howard University, and the Elevator Pitch Competition of the Rice Business Plan Competition, while also placing second in the Rolanette and Berdon Lawrence Finance Case Competition. Our students annually compete – and win – against the nation’s best in events across the country.

Our students have opportunities to hear, meet with and learn from top business and government leaders through our two signature lecture series – the Babcock Leadership Series and the Broyhill Executive Lecture – as well as through classroom visits, club meetings and distinguished visitors to the Wake Forest campus.

Get involved: An organization for every interest.

Michael DellChairman & CEODell Computer

Margaret ThatcherFormer British Prime Minister

Anna Escobedo CabralTreasurer of the United States

Robert RubinFormer U.S. Treasury SecretaryDirector, Citigroup

Also:Paul RusesabaginaExperiences inspired the film

“Hotel Rwanda”

Colin PowellFormer U.S. Secretary of State

Reynolds American Chairman, President and CEO Susan Ivey (middle) during a

Babcock Leadership Series panel discussion featuring women executives

Black Business Students Associat ion • Entrepreneurs Club • Finance Club • Honor Counci l • International Students Associat ion • The Joint Degree Society • Babcock Leadership Series Committee • Marketing Associat ion • MBA Partners Associat ion • Net Impact Club • Operations and IT Club • Strateg y and Consult ing Club Student Government Associat ion • Women in Business

BEYOND THE CLASSROOM

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Getting teamwork on track.

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Early in the MBA journey, students participate in interesting and challenging approaches to team building, from building and racing bicycles or boats, to whitewater rafting.

Once classes begin, each student collaborates with a study team to prepare and present assignments. The process emphasizes individual accountability within the team framework. The interpersonal and decision-making skills that develop in the process are essential for anyone who aims to excel in management and make a significant contribution to an organization.

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Entrepreneurial thinking: It’s not just for entrepreneurs.Wake Forest University MBA students Zach Denton and Claude Hou take a moment to reflect upon their performance during the ninth annual Elevator Competition this past March.

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Innovation, social responsibility, creativity, and focused vision are tools for success, whether you’re headed for a startup or to an established corporate environment. Entrepreneurial education applies to new business ventures, corporate ventures within existing companies, service providers who work with new ventures, social entrepreneurship within the nonprofit sector, and family and closely held businesses. It’s all a part of how we define entrepreneurship.

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After years of seeing his students find their places in business, Stan Mandel, director of our center for entrepreneurship, sees a developing trend: More students are launching businesses while still in their second year of the MBA program. These students are gaining real entrepreneurial experience while at Babcock, starting with the development of a business model for a new venture during their first week of the program.

“Entrepreneurship is the glue that helps you understand the intersection of different business disciplines like marketing, finance, operations and accounting. Writing a business plan allows you to see the fit among all these components, as well as opportunities, people, external contexts, and of course, deals,” he says. “For students wishing to pursue entrepreneurial ventures, we are a gold mine of opportunities. Overall, we ground much of the entrepreneurial education in real-world activities – including great speakers, internships and projects.”

Honing business acumen by igniting entrepreneurial inspiration.

Constructing classwork to match the real world.Charles Iacovou isn’t here to make life easy. In addition to his duties as Interim Senior Associate Dean of the Babcock Graduate School of Management, he teaches information technology, and he’s one of those professors former students warn you about. He demands a lot from his students, but not because he doesn’t feel for them. “I ask students to explain their positions,” he says. “I use classroom discussions as an exercise in reflection and preparation. I want to make sure that students think things through. It’s a skill that will serve them well in their careers.”

FACULTY CONNECTIONS

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Learning outside the classroom.In joining a student-run project in Nicaragua, Sherry Moss put her organiza-tional behavior and Spanish-language skills to work helping people struggling to build small businesses. Her role included facilitating a brainstorming session during a two-day seminar in Managua on challenges facing business owners. The response from appreciative Nicaraguans led her to call the experience “immersion and engagement in a real context.” She also saw the difference that committed student leaders can make. “I think it’s important to support the students’ interest in doing something socially responsible,” she says. “They see that they can make an impact.”

What started in Nicaragua quickly spread to Benin, Africa. Sylvain Boko has overseen a study abroad program in Benin since 1997, but after observing the Nicaraguan efforts he decided to replicate the effort in his native country. “Teaching business skills is sort of the meat and potatoes of poverty reduction,” he says. Babcock students and faculty teach seminars that are designed to aid small business owners and entrepreneurs in this impoverished region of West Africa. “Most of the job creation and wealth creation in developing nations comes from small entrepreneurs,” Sylvain says. “There is a huge need for entrepreneurs to understand marketing,finance, plus other business skills, and be able to apply them right away.”

Building a bridge between students and career opportunities.Rob Nash knows the tools it takes to expand opportunities for students after graduation, offering options early on in the MBA program that few students at other schools begin to consider until the second year. Just one is the Chartered Financial Analyst designation. Thanks to Rob’s advocacy, several students are involved at various levels of the CFA exam process.

“The CFA is an extremely valuable designation to have if you’re planning to work in investments, financial planning, money management or similar lines of work. Basically, I want to help people go as far as they can.”

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After spending almost 15 years in corporate and investment banking at Bank of America Securities LLC in Manhattan, Chris Browder, MBA ’86, noticed something was missing from his workplace: other Babcock School alumni. Not only were there very few Babcock graduates being placed at his company specifically, but also there were almost none being placed in investment banking in New York City.

Knowing that lack of talent or intelligence was not to blame, Chris determined that what Babcock students needed was simply some additional interview coaching, a little help writing concise, achievement-focused resumes, and a greater understanding of the investment banking arena. So, Chris set out to provide just that, along with friend and fellow Babcock alum, Jack Sullivan, MBA ’00.

Fast-forward six years, and the duo has developed quite an impressive track record. Thanks to their efforts, the Babcock School is now a core recruiting school for Bank of America Securities LLC. There are currently close to a dozen first- and second-year students placed in summer internships or permanent positions with the company. In addition, the Babcock School now holds an annual investment banking weekend that invites alumni working in the industry back to campus to share their experience, knowledge, and advice with students.

All of this success is due to a lot of hard work and dedication on Chris’s part. Each year, he spends countless hours working one-on-one with as many as 20 first-year students, helping to forge winning resumes, practicing interview strategies, and offering general career advice. Chris says, “Students energize me. They are so full of hope and enthusiasm. It’s fun to be around. But there’s an uncertainty they feel, too. They need advice from people who have been in their shoes, and they need direction along the way.”

Chris has since left the 24/7 lifestyle of the Manhattan investment banker to achieve greater balance in his life and pursue other business ventures and passions. Even though he’s out of investment banking, he’s more invested than ever in the future of Babcock School graduates. He adds, “Students need alumni to take an interest in their career choices and progression. It’s as simple as making yourself available and taking the time to work with students. I’ve thoroughly enjoyed it and highly recommend it to others.”

Investing in the Future

“Chris helped me refine my resume and followed up with invaluable advice that proved essential throughout my successful internship search. In short, Chris has been a tremendous asset, both to me and to the Babcock community, as well as a generous friend.”

-Matthew Collins, MBA ’09, intern with Bank of America’s Capital Market Strategies group

“Having spent many years on the ‘other side’ of the recruiting game means that Chris Browder’s insights are invaluable and, I believe, give Babcock students an edge over candidates from other MBA programs.” -Chris Jensen, MBA ‘09, intern with The Halifax Group

“My first meeting with Chris was over the phone, and we spent nearly four hours talking about how to get into investment banking. He helped me completely rewrite my resume so that I had a fighting chance at getting my job. I’m forever grateful to him for his help.” -Leslie Pack, MBA ’05, investment banker with Bank of America Securities LLC

ALUMNI CONNECTIONS

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It’s about more than an MBA.It’s about life.

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From a wealth of backgrounds comes a wealth of ideas.At Wake Forest, you’ll meet all kinds of people from all kinds of backgrounds. Our broad approach to student recruiting includes memberships in:

The Forté Foundation, a consortium of graduate schools, corporations and nonprofit groups created to promote and inspire women in business.

The Graduate Management Admission Council’s military-friendly group of business schools, which serves as an educational and career resource for military officers.

Management Leadership for Tomorrow, an initiative committed to increasing the presence of qualified students of color in leading, entry-level careers and major graduate business schools as preparation for leadership positions.

Babcock is also a member of the National Black MBA Association and the National Society of Hispanic MBAs.

The idea of a personal approach extends far beyond our classrooms.The Wake Forest University motto – Pro Humanitate – means “For Humanity.” Concern for people shapes our curriculum and fortifies our community service and ethical conduct. Our students bring Pro Humanitate to life outside the classroom, too. Community service projects are easy to find here.

In the past year, students have taken this philosophy to the global community. Ongoing efforts in Nicaragua have helped a vocational school sustain itself financially using a business model provided by Babcock students and faculty with help from the Dingledine Fund for Responsible Business. Through this project students identified local and international markets in which to sell the handcrafted metal products made by the school’s students, creating much-needed revenue to fund its operations.

The knowledge gained during the Nicaragua project led to a second program in Benin, Africa. Babcock students and faculty spent time teaching seminars designed to aid small business owners and entrepreneurs, providing the basic business skills that are essential to poverty reduction. By using the methods employed during the Nicaragua project with respect to teaching the seminar attendees to help and learn from each other, the results have exceeded initial expectations and have exposed the vast potential of expanding these programs to other countries in the future.

Also in 2008 a new international internship program was launched in India. Saathi, a nongovernmental registered development agency based in Mumbai, works primarily to help solve issues of youth living on the streets. Babcock students work with Saathi’s Kria Program to develop business plans and strategies for the company’s many projects that involve health, vocational training, education and psychological support.

Whether it’s organizing an annual auction that last year raised nearly $25,000 for a local charity, participating in the community plunge that supports local nonprofits through volunteering or working with homeless youth in Mumbai, India, our students find a way to make a difference.

COMMUNITY & DIVERSITY

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Welcome to our world.

Business is a global pursuit, and global themes run through every aspect of our curriculum. We offer specific courses, speakers, seminars and study tours. Students have the opportunity to select from several two-week international study tours each year. Current options include China/Hong Kong, India, Central Europe (Austria, Czech Republic, Hungary, Slovakia), Japan, and Latin America (Argentina, Brazil, Chile, Mexico). Trips include company visits, meetings with business and government leaders, and familiarization with significant cultural sites.

In their own words: Alessandra & Roberto’sjourney from Venezuela to Wake Forest.

“After being accepted to the school, our lives went through a lot of changes. In a period of two weeks, we got married, quit our jobs, moved to another country, started speaking another language, and re-entered our student lifestyle. However, we never felt that things were getting out of control. Wake Forest is the type of school that will encourage you to immerse completely into the experience, work hard but with a purpose, develop teamwork skills and long-lasting relationships.

“We felt Wake Forest is a place where great ideas flow freely, where excellence can be breathed, where everyone is friendly, where challenge is embraced, where inspiration is always present and where the concept of synergy comes to life.

“Being a Wake Forest MBA student is about interaction, debate and passion for what you do. The thing we enjoyed most about our experience at Wake Forest is the fact that we had the opportunity to develop as complete business professionals, academically and personally. There are plenty of opportunities to participate in extracurricular activities that will let you help the community, foster a better relationship with students, faculty and staff, and mature your inner self. Besides taking the classes we liked, we tried to take advantage of the International Food Festival, orientation, NASCAR driving experience, intramural sports, Halloween, Christmas and end-of-year parties, tailgates before games, the Marketing Summit, the Elevator Competition and Charity Auction ... just to name a few.

“Wake Forest and Winston-Salem received us with a warm welcome, to such a degree that we decided to stay in town for our full-time jobs.”

INTERNATIONAL

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Alessandra Romano and Roberto Sanchez came to Winston-Salem and stayed, accepting jobs at Hanesbrands Inc.

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Winston-Salem is a laid-back Southern city, with a mild, four-season climate, a great cultural life and vibrant arts community, local hiking trails, bike paths, and places to fish, swim and kayak. It’s fewer than 350 miles to Atlanta and Washington, D.C., and fewer than 90 miles to Charlotte and Research Triangle Park. A mere four-hour drive lands you on beaches to the east, and in less than two hours you can be in the Blue Ridge Mountains to the west.

Add to that the fact that Winston-Salem has the lowest cost of living of any metro area in North Carolina, according to Mercer Human Resource Consulting. In fact, Mercer named Winston-Salem the least expensive U.S. city in which to live (2006), and in terms of personal safety, 53rd in the world (2008). Mercer also placed Winston-Salem 52nd among the world’s top most livable cities for 2007.

So it’s no wonder Winston-Salem is one of the country’s 50 hottest cities for relocating business, according to Expansion Management magazine. And the fifth-best city of its size in the country for digital technology, according to the Center for Digital Government. And among Forbes’ top 25 best places for business and careers.

We could go on and on. But you get the idea. It’s fun, comfortable, interesting, full of opportunities, and pretty close to everything. Including perfection.

The perfect place to live and learn. Not necessarily in that order.

WINSTON-SALEM

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Full-time placement statisticsClass of 2007

Starting down the right career path means getting off on the right foot.When it comes time to craft your own career plan, you won’t be on your own. Our Career Management Center staff will work with you to assess your career options, refine your goals, network with well-placed corporate contacts and, ultimately, build the career you want. Beyond the immediate search for summer internships and full-time jobs, our staff helps you develop the skills that will keep moving your career forward throughout your life.

A dedicated individual is assigned to help with career management. We ask for your opinions and feedback on companies and contacts that are important, and we regularly communicate current opportunities to you.

Our Mentor Program allows you to learn one-on-one from, and develop a relationship with, a highly regarded professional.

Internships give you practical experience before making long-term career decisions and help you build a network of contacts for your full-time job search.

Our alumni network fosters close relationships among students to help build a strong and accessible support system. Members of our Alumni Council and Board of Visitors are available to our students, helping graduates emerge with great personal contacts in business.

In addition, we offer targeted career preparatory programs, such as our Career Management Class, intensive career prep immersion weekends, videotaped mock interviews, and club trips to meet key alumni and executives.

Throughout the year, companies conduct information sessions with key company representatives and alumni. Interviews are scheduled and held in the Worrell Professional Center for student convenience.We also attend national MBA events and career fairs in search of placement opportunities, and we offer access to a tight network of alumni who frequently work with the school to fill positions at their firms.

More information about our Career Management Center is available at www.mba.wfu.edu/cmc.

CAREER MANAGEMENT

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Signing bonus Mean Median High$13,352 $10,000 $35,000

Other compensation Mean Median High$15,280 $9,188 $30,000

Base salary Mean Median High$80,311 $79,000 $110,000

Employment by functional area

Mean Median High %

Consulting $81,114 $84,000 $95,000 13%

Finance/Accounting

$79,430 $80,000 $99,400 49%

General Management

$86,667 $85,000 $100,000 4%

Marketing/Sales

$71,269 $75,000 $85,000 24%

Operations/Production

$85,571 $90,000 $110,000 10%

Employment by industry

Mean Median High %

Services $77,260 $80,000 $95,000 77%

Manufacturing $81,555 $77,500 $110,000 23%

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mapWest3%

International3%

Southwest7%

Midwest8%

South48%

Northeast15%

EMPLOYMENT BY REGIONCLASS OF 2007

Mid-Atlantic16%

mapWest4%

International16%

Southwest3%

Midwest6%

South48%

Northeast9%

GEOGRAPHIC DISTRIBUTIONINCOMING CLASS PROFILE AS OF JULY 25, 2008*

Mid-Atlantic14%

Recruiters

*Class size: 80Average GMAT: 63050% GMAT range: 590-660

4 years average work experience 33% female 16% international students

Accenture AIG United Guaranty AirTran Allegacy Federal Credit Union Alltel American Airlines American Express AOL Aragon Capital AT&T Avalere Health Avaya B/E Aerospace BAE Systems Banc of America Securities Bank of America BASF Bayer BB&T BB&T Capital Markets BearingPoint Belk, Inc. Best Buy Blackbaud Blue Cross Blue Shield of North Carolina Booz Allen Hamilton Brayton International Bridgetree Bristol-Myers Squibb Brown-Forman Beverage Company Burke, Inc. Campbell Soup Company CapitalOne CapitalSouth Partners Carilion Health Systems Carrier Corporation Cary Street Partners CB Richard Ellis Center for Creative Leadership Centex ChapterHouse, LLC Cherokee Investment Partners Chick-fil-A, Inc. Choice Hotels International CIGNA Circuit City Stores, Inc. CitiFinancial Clariant ConAgra ConocoPhillips Constellation Energy Continental Tire Corning Cable Systems Corning Inc. Corporate Executive Board Crescent Resources CSX Dell Deloitte & Touche Delta Airlines Deshpande Foundation Deutsche Bank Alex Brown Dixon Hughes Dole Dollar General Duke Energy DuPont Eastman Chemical Company Eaton Corporation EchoStar Communications Ecolab - Kay Chemical Company Emerson Energizer Personal Care Ericsson Ernst & Young LLP Exervio Consulting Expert Choice, Inc. Exxon Mobil Corporation Farmers Group, Inc. FedEx FEDEX Kinko’s FI Consulting FINRA (Financial Industry Regulatory Authority) First Annapolis Consulting, Inc. First Citizens Bank First Horizion FMI Corporation Food Lion Freddie Mac Freightliner LLC Friedman, Billings, Ramsey Frito-Lay Garmin International, Inc. GE Consumer Finance GE Money General Electric Genworth Gilbarco Veeder-Root GlaxoSmithKline GMAC Insurance Goodwill Gorelick Brothers Capital Grant Thornton LLC Griffin Financial Group One GSK Halliburton Hanesbrands Inc. Heinz North America Hill-Rom Hitachi Consulting Hospital Partners of America IBM Consulting Ingersoll Rand Inmar, Inc. Innovation Factory Intel Corporation Interflex International Specialty Products International Trucking JC Penney John Deere Johnson & Johnson JP Morgan Chase Kayser-Roth Keane, Inc. Kellogg’s Key Banc KPMG Lance, Inc. Landor Lash Group Laureate Capital Lexmark International, Inc. Liberty Mutual Lowe’s Companies Marriott MBA Enterprise Corps McColl Partners McKinney & Silver McNeilus Corporation/Oshkosh Truck MeadWestvaco Michelin Microsoft Millennium Challenge Corporation Minrad, Inc. Morningstar, Inc. The Motley Fool Motorola NACCO Nautica Navigant NC Small Business & Technology Development Center Newell Rubbermaid Nexis Capital Nielsen Nortel North Highland NorthStar Travel Media Novartis Animal Health NVR, Inc. nxtMOVE Office Depot Peconic Capital Fund Pepsi Bottling Group Philip Morris USA Philpott Ball & Werner Piedmont Angel Network Pike Electric Piper Jaffray & Co. Point Management Group Polymer Group Premier PricewaterhouseCoopers Procter & Gamble Progress Energy Progressive Insurance Pulte Quintiles Raytheon RCLCO Reckitt Benckiser Red Hat Republic Mortgage Insurance Company (RMIC) Resurgent Capital Services Reynolds American RF Micro Devices RH Donnelley Romann Group Samsung Sandler O’Neil SAP SAS SC Johnson Scotia Capital Scottish Re ScottMadden Sealed Air Corporation Select Comfort Siemens Management Consulting (SMC) Signature Snacks Silk Road Technologies Six Disciplines North Carolina Sonoco Products Company Sprint State Farm State Street Global Advisors Stephens, Inc. Steuben-Schurz-Gesellschaft SunCoke Energy, Inc. SunTrust Banks, Inc. T. Rowe Price Associates, Inc. Targacept Target Targetbase Tata Consultancy Services Tekelec The Aspen Institute The Branch-Shelton Company, LLC The Broad Center Time Warner Cable Toys R Us Trammell Crow Tyco Electronics Corporation Valspar Verizon VF Corporation Visa Volvo Group North America W.R. Grace Wachovia Corporation Wachovia Securities WEDGE Capital Management Whirlpool Corporation Whole Foods Wilson Cook Windstream Communications Wipro Technologies

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CAREER MANAGEMENT

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AdmissionsThe Babcock School welcomes applicants who have demonstrated academic achievement, professional experience and community involvement. We look for leadership ability, motivation, focus, enthusiasm, strong values and teamwork skills.Candidates must hold a bachelor’s degree from an accredited college or university and have at least 18months of postgraduate work experience prior to August 2009. (Exception: joint degree applicants.) We have found that individuals possessing full-time work experience gain more from the MBA programand are able to make better contributions to the learning experience of all full-time MBA students.If you do not have 18 months of postgraduate work experience, we encourage you to consider our Masterof Arts in Management program.

How to get started:Apply online at www.mba.wfu.edu/apply

Required:$75 nonrefundable application fee • Current resumé or CVTwo letters of recommendation • Official transcripts from all colleges and universities attended

Take the Graduate Management Admission Test (www.mba.com)Please use Wake Forest University-MBA institution code R5F-NS-86.

The Test of English as a Foreign Language (TOEFL, www.toefl.org) is required for applicants whose native language is not English or who did not complete undergraduate work at an English-speaking college or university. The office of Admissions strongly recommends that international applicants complete the Internet-based TOEFL exam (IBT); however, paper-based and computer-based TOEFL scores will also be accepted. For those candidates who submit a paper-based or computer-based TOEFL score, the Test of Spoken English (TSE) may be required as a supplemental component of the appllication process. Please use Wake Forest University-MBA institution code 5885, department code 02.

Come and visit.We require an interview for all domestic applicants and for international applicants by invitation only. Exception: International applicants may interview without invitation if they come to campus. While we strongly encourage on-campus interviews, we do offer alternatives for those who are unableto visit Wake Forest during the week, including phone interviews, our Done in a Day program, Saturday interviewing opportunities and interviews at MBA Fairs.Our campus visit program includes an interview with a member of the Admissions Committee, a classaudit, a tour of Babcock’s facilities and lunch with a current student.Please visit www.mba.wfu.edu to schedule your interview online and to view a list of both on- and off-campus events.

2008-2009 Tuition*Tuition (includes laptop) .................... $35,000Books & Supplies ................................... $1,500Required Fees ............................................ $300

*U.S. dollarsNOTE: 2009-2010 tuition has not been set yet

Mark your calendar2008-2009 admissions events

Done in a Day: December 6 and January 24A way to jump-start the application process and receive an admissions decision within 24 hours. Essay requirements are waived, but applicants must discuss essay questions during a panel interview.

Candidates must also submit their application electronically and provide GMAT and/or TOEFL scores, recommendations and transcripts before the interview. We encourage candidates to come in the morning and participate in Showcase Saturday before the afternoon interview.

Showcase Saturdays: December 6 and January 24Spend a half day with us and sample students’ social and academic experiences; attend an information session highlighting career placement success; participate in a mock class; have lunch with faculty members to discuss career concentrations; and take in a campus tour. Please note that our Done in a Day program will follow this event in the afternoon.

For those Showcase Saturday and Done in a Day participants who are able to travel to Winston-Salem the day before these events, we invite them to join current students and alumni for dinner on Friday, December 5, or Friday, January 23.

Scholars Weekend: March 13-14Invitation-only event for full-tuition scholarship candidates

Red Carpet Weekend: April 17-18Invitation-only event for admitted students

Other events:Saturday interview days: February 14 and April 4Online chats, webinars and IM opportunities throughout the year

Deadlines:We enroll students for the fall (August) semester only and encourage applicants to submit all application materials as early as possible. The Admissions Committee makes admission decisions on a rolling basis, within one month after an application is complete. We will not review an application until all application components have been received.

November 1 ...... First admission deadline. Files will not be reviewed before this date.

February 15 ...... Scholarship deadline. Applications must be complete by this date. We will continue to make scholarship awards to qualified candidates after this date as long as funds are available.

May 1 ................. Final deadline. We welcome qualified applications at any time and will make admissions decisions based on space available after this date.

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ContactsOffice of Full-time Admissions336.758.5422866.WAKE.MBA (866.925.3622)Fax [email protected]

Regular mail:Office of Full-time AdmissionsBabcock Graduate School of ManagementWake Forest UniversityP.O. Box 7659Winston-Salem, NC 27109-7659

GENERAL INFORMATION Statements concerning courses, expenses and tuition are not irrevocable contracts between the student and the institution. Wake Forest University reserves the right to change the schedule of classes, program content and the cost of instruction at any time. Regulations governing loan programs also may change. Information in this bulletin was accurate at the time of printing.

STATEMENT OF EQUAL OPPORTUNITYWake Forest University is committed to administer all educational and employment activities without discrimination because of race, color, religion, national origin, age, sex, veteran status, handicapped status or disability, as required by law. In addition, Wake Forest rejects hatred and bigotry in any form and adheres to the principle that no person affiliated with Wake Forest should be judged or harassed on the basis of perceived or actual sexual orientation. In affirming its commitment to this principle, Wake Forest does not limit freedom of religious association or expressions, does not control the policies of persons or entities not affiliated with Wake Forest, and does not extend benefits beyond those provided by other policies of Wake Forest. The University has adopted a procedure for the purpose of resolving discrimination complaints. Inquiries or concerns should be directed to 336.758.4814. Individuals with disabilities or special print-related needs may contact the Learning Assistance Center at 336.758.5929 or [email protected].

DISPUTED BALANCES If the University deems it necessary to engage the services of a collection agency or attorney to collect or to settle any dispute in connection with an unpaid balance on a student account, the student will be liable for all collection agency and/or attorney’s fees, reasonable expenses and costs incurred.

ACCREDITATION STATEMENT Wake Forest University is accredited by:AACSB International – The Association to Advance Collegiate Schools of Business, which represents the highest standard of achievement for business schools, worldwide. Accredited institutions confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review.

The Commission on Colleges of the Southern Association of Colleges and Schools to award bachelor’s, master’s and doctoral degrees. The Com-mission can be contacted at 404.679.4501, 1866 Southern Lane, Decatur, GA 30033-4097 and www.sacscoc.org. Inquiries should relate only to the accreditation status of the institution, and not to general admission information.

Express delivery services:Office of Full-time AdmissionsBabcock Graduate School of ManagementWake Forest UniversityWorrell Professional Center, Room 21191834 Wake Forest RoadWinston-Salem, NC 27106

Financing your MBAStudents have a number of options available to finance the cost of earning an MBA. The Babcock School makes every effort to provide financial assistance to qualified students through merit-based scholarships, assistantships during the second year, and private and governmental loan programs.

ScholarshipsWe make scholarship and admission decisions simultaneously and do not have a separate application for scholarship consideration. More than 50 percent of Babcock’s student body received some form of schol-arship assistance. Here are five of our most prestigious scholarship programs. These programs do require an additional interview (invitation only):

Bern Beatty Scholars ProgramConsideration for this full-tuition scholarship program is given to applicants with promise for contributing to society through ethical application of capitalistic ideas. Recipients will be given priority for summer internships, when available, with EchoStar Communications (DISH Network).

Dean’s Scholars ProgramThese scholarships, which include full tuition, stipend and international trip, are awarded to candidates who have demonstrated exceptional leadership in academic and professional endeavors and who have GMAT scores of 650 or higher and at least three years of quality work experience.

Dingledine Scholar for Positive Social ImpactThis full-tuition, two-year award, made possible by a donation from Tom Dingledine (MBA ’78), recog-nizes an incoming full-time MBA student with a minimum of two years of postgraduate work experience in a not-for-profit organization or agency. Consideration also is given to those who have demonstrated a commitment to the community through volunteer work. Note: There is an additional essay question on our application for this award.

Forté Fellows Program (www.fortefoundation.org)Women who have demonstrated a commitment to community involvement, especially involving women and girls via mentorship, shown leadership in a professional setting or have potential for assuming such leadership positions are strong candidates for this award.

Wachovia Scholars ProgramThis program, made possible by a gift from Wachovia, provides scholarships and career assistance to MBA students for the purpose of creating a more diverse student body. The program offers scholarships to under-represented full-time students and includes a full-tuition waiver, stipend and international summer study trip. Students with an interest in finance are strong candidates.

A number of other scholarships are also available. Please visit our website for details.

Federal Student AidStafford loans are guaranteed government loans to all U.S. citizens and legal residents. Individuals applying for loans must first complete the Free Application for Federal Student Aid, used to determine eligibility for need-based aid and to meet federal requirements for participation in some loan programs. Please visit www.fafsa.ed.gov or call 800.801.0567 (option 1) to obtain a copy of the FAFSA. Our Title IV code is E00515.

ADMISSIONS

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Wake Forest UniversityLocation: Winston-Salem, N.C.Founded: 1834, Wake Forest, N.C.Status: Private, coeducational, liberal arts curriculumTotal University Enrollment: 6,788Student-Faculty Ratio: 10:1

Schools: In addition to the Babcock Graduate School of Management, na-tionally recognized schools of Law, Medicine, Divinity and Graduate School of Arts and Sciences, and the undergraduate Wayne Calloway School of Business and Accountancy

Babcock Graduate School of ManagementRecognized among the world’s best graduate business schools in surveys by Business Week, Financial Times, Forbes, The Economist and U.S.News & World Report

Ranked second among the nation’s regional MBA schools by corporate recruitersThe Wall Street Journal/Harris Interactive(September 2007)

Ranked 30th in the Global 100Beyond Grey Pinstripes

Ranked 31st in its biennial ranking of U.S. business schools based on its calculation of return on investment.(Forbes)

Fortune Small Business included Babcock among its list of thecountry’s top 26 graduate business programs for entrepreneurship.

Faculty dedicated to graduate business education:• 33 percent serve on a company board of directors• 30 percent have experience owning their own companies• More than 75 percent have international consulting, teaching, work or research experience• More than 90 percent hold a PhD or other doctoral degree

www.mba.wfu.edu

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