McDonough School of Business [Review]

McDonough School of Business is a reputable business school in the US and one of the best choices for students pursuing a business degree. 

In this detailed article, we’ve provided a comprehensive review of McDonough. This includes McDonough School of Business Undergraduate programs, McDonough School of Business Acceptance rate, Georgetown Business Rankings, and lots more. 

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McDonough School of Business Review

McDonough School of Business Review

About McDonough School of Business

The Robert Emmett McDonough School of Business or the McDonough School of Business (MSB) is the business school of Georgetown University founded in 1957 in Washington, D.C. The school was renamed in honor of Georgetown alumnus Robert Emmett McDonough in 1998 and confers both undergraduate and graduate degrees. 

McDonough School of Business is a nationally recognized business school that offers a comprehensive academic program combined with a strong culture that motivates students to learn both inside and outside the classroom, and even beyond campus. There are 30-MBA-related organizations that students who want to engage in extracurricular activities can explore.

McDonough School of Business Undergraduate

Undergraduates pursue the Bachelor of Science in Business Administration (BSBA). The curriculum is a blend of classes in the liberal arts and business. The main focus of the academic curriculum in both the initial and subsequent years is on the liberal arts, such as government, economics, philosophy, history, English, calculus, and theology.

McDonough School of Business has basic courses in the classical disciplines of finance, accounting, marketing, and management along with decision science. These courses support these topics. Furthermore, these topics are made possible by the school’s offering of minor concentrations within nearly fifty liberal-arts disciplines. The undergraduate concentrations are finance, accounting management, international business marketing, and Operations and Information Management (OPIM). 

Graduate Studies

The graduate programs provided by the school comprise Master of Business Administration (MBA) programs as well as two Global Executive MBA programs, a Master of Science in Finance (MSF) program as well as a Master of Science in Management, and an Executive Master’s Degree in Leadership.

MBA program

Georgetown MBA Full-time degree program is a general management course designed for those who have sciences, liberal arts, or technical degrees. Students typically include managers at the mid-level. In the course, students are required to take part in four residences lasting one week and one of them is international.

For 2019’s class 34% of the enrolled students were from abroad and 77% resided in, worked, or attended school in other countries. There were 1,742 students who applied and 276 students taking classes.

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Master of Science in Finance

The master’s degree includes classes in economics, finance as well as private equity in real estate large and small data, as well as the investment of fixed-income securities, in addition to other areas.

Majors

Georgetown’s McDonough School of Business majors is seven in total. They include.

  • Accounting
  • Accounting (2025 class upwards) 
  • Finance 
  • International Political Economy and Business
  • International Business Regional Studie
  • Management
  • Marketing
  • Operations and Information Management (Class of 2023)
  • Operations and Analytics (Class of 2024 upwards)

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McDonough School of Business Programs

Georgetown University offers various undergraduate and postgraduate programs in business, finance, e.t.c. Below are some postgraduate programs offered by the McDonough School of Business:

CourseCourse DescriptionDeadlines
MBA: Full-time and FlexOffered in two forms at the university.

 

Students can either enroll for a full-time MBA for two years or Flex MBA to manage work and studies together.

For batch 2023, Round 1- September 26, 2022 Round 2- January 6, 2023 Round 3- March 31, 2023 Round 4- April 26, 2023
Master’s in ManagementThis course is a general management course. It covers subjects like business ethics, entrepreneurship, finance, etc. 
Master of Science in Business AnalyticsA 16-month program that helps you work closely with day-to-day business evaluations and strategies. 
Master of Science in Finance: Part-Time and Full-TimeHelps you build technical and financial skills to cater to business requirements in the real world. 
Master of Arts in International Business and PolicyA 12-month course that offers students the to integrate foreign services with the business world.Deadline- August 16, 2021
Executive MBAOffers students to learn skills to solve industry-related problems. 
Executive Master’s in LeadershipEML is a 12-course program that helps students learn evidence-based knowledge and diverse based mechanisms. 

A summer undergraduate research fellowship program is also offered to students to conduct original research of their choice. Students are also awarded $3000 for 5-6 week projects and $6000 for 10-12 week projects.

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Georgetown Business Rankings

In the 2022 category ranking for the best business schools, the US News ranked McDonough School of Business #27 and #14 as the best business school for part-time MBA.

Other McDonough school of business rankings include #31 best business school by Forbes in 2021,  #24 best business school by Business week in 2021, and #40 Executive MBA school by Financial Times in 2020.

McDonough School of Business Acceptance rate

Mcdonough school of business’s acceptance rate is 47.5%. Incoming students are advised to consider the acceptance rate of students who have been admitted into BSBA.

The average GMAT score of admitted students is 704.8

McDonough School of Business Undergraduate Acceptance Rate

In 2009-2010, the McDonough School of Business’s undergraduate acceptance rate was 22 percent. Between 2014 to 2015,  it reduced to 15.7 percent as the school admitted only 530 students out of a total of around 3,375 applicants.

McDonough School of Business Campus and Accommodation

McDonough School of Business has an extensive campus that has a variety of amenities for the students. It has a world-class learning space, case-style classrooms, seminar rooms, and lecture rooms The McDonough campus offers facilities such as guidance for students and careers that aids students in establishing their careers.

  • Common rooms, lounges for students, and break-out spaces are created to allow students autonomy while they study.
  • Students can sign up for over 40 clubs that include extracurricular and professional activities. There are 30 MBA-related associations to participate in
  • McDonough School of Business organizes an annual fall festival, which includes music, dancing, and food.
  • There are numerous restaurants near universities that offer a variety of dishes.
  • Numerous events and programs are organized on the campus, keeping in mind the disabled.

Accommodations with McDonough School of Business

The university offers on-campus as well as off-campus housing. Students have the option of choosing all of them based on their preferences.

On-Campus

  • The campus housing facility is equipped with four freshmen halls: Village C West, Harbin, New South, and Darnall Halls.
  • The student has the choice to pick between different choices of living arrangements based on the cost and amenities.
  • The options for housing include three categories of young students, upperclassmen, and graduates.
  • The dorms are completely furnished and include basic amenities such as air tables, air conditioners, wardrobes, and shelves for books.
  • The price per semester is about $5,643 if you use the basis of double sharing or $6,187 on one basis, and $5,163 using a triple sharing model.

Off-Campus

  • The Georgetown Inn, The Ritz, The Carlton, The Fairmount, Melrose Georgetown, Hyatt Centric, and Holiday Inn Rosslyn Key Bridge are a few of the hotels rented by students as accommodation.
  • Both residential and hotels include amenities such as the 24/7 help desk, room air conditioning, closets, and garbage disposal facilities.
  • Campus each year hosts accommodation camps each year to assist students in finding comfortable places to stay.
  • Shuttle and taxi services are also provided to students who live in remote areas.
  • The cost of living for a college student in Georgetown is $184,100 a year.
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Admissions

The admission process at McDonough School Of Business includes various steps that each and every candidate must follow. There is a common admission process for all courses.

Students can apply through the online application.

Requirements

  • A bachelor’s degree (four-year) from an accredited university or college within the USA or internationally.
  • Must have three years of experience.
  • A resume and letter of recommendation need to be submitted.
  • An essay describing goals expressing the goals and past experience is also mandatory.
    • Three essays
    • Video essays
  • GMAT scores
  • Interview

The university accepts various ELPs and students can score specific requirements to get admission into the university.

A summer undergraduate research fellowship is also available to students to conduct their own research. Students are also given 3000 dollars for projects that last 5-6 weeks and $6000 for 10-to-12-week projects.

McDonough School of Business Application Process

The admission process for McDonough School Of Business includes different steps that every applicant must go through. There is a standard admission procedure for all classes.

Students can submit their applications via a web-based application.

Requirements: 

  • Bachelor’s qualification (four-year) earned from an accredited college or university in the USA or elsewhere.
  • You must have at least three years of working experience.
  • A resume, as well as a letter of recommendation, must be provided.
  • A paper describing goals that express the goals and previous experience is also required.
    • Three essays
    • Video essays
  • GMAT scores
  • Interview

McDonough School of Business English Proficiency Test Requirement

The university is able to accept various ELPs and students may meet certain requirements for admission to the university. However, online GMAT and GRE test scores are now accepted since the covid pandemic. 

ExamRequirement
TOEFL iBT100
IELTS7.5
PTE68

McDonough School of Business Tuition

The tuition fees per semester for different courses at McDonough school of business are mentioned below.

SubjectFees (USD/semester)
Full-Time MBA30,447.00
Part-Time MBA33,840.00
MBA Flex (flex 24)33,825.00
MBA Flex (flex 23)33,495.00
MBA Flex (flex 22)30,150.00
Executive MBA, Cohort 2840,7770.00 (year 1)
Master of Arts in International Business and Policy39,825.00 (Year 1)
Master’s of Science in Finance36,405.00
Master’s of Science in Business Analytics (MSBA) (Cohort 1)29,745.00
Master’s of Science in Business Analytics (MSBA) (Cohort 2)30,630.00
Executive Masters in Leadership (EML)36,675.00
Master of Science in Management23,565.00

The graduate student’s activities fees of $18.00 and health insurance for students of $2,965 per calendar year are examples of other mandatory fees that must be paid.

McDonough School of Business Scholarships and Financial Aid

McDonough School of Business provides numerous scholarships for students. approximately 1.5 million dollars are allocated to the scholarships. The most prestigious awards offered by the school include:

  • Merit Scholarships are given by merit, and applicants must submit an application along with a scholarship essay.
  • GU Liberal Arts and Stem Scholarship is awarded to students in batch 2021. Students in the fields of Arts or STEM are eligible for this award. An application and a scholarship letter must be filed upon which students will be awarded at least $10,000 in tuition funds.
  • Diversity scholarships are awarded to help increase the diversity at Georgetown. All students are accepted. Due to the lower amount of funds offered in this award, the institution suggests that applicants apply as early as possible. This is a merit-based scholarship that has an optional essay for the scholarship.
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McDonough School Of Business Alumni Network

McDonough School of Business has more than 15000 alumni from various industries that have access to a variety of advantages, such as:

  • Various Alumni Events
  • Career Advice
  • Alumni Network Benefits

Remarkable alumni of McDonough School of Business:

  • Michael Chasen- CEO, Co-founder Blackboard Inc., President Blackboard Inc.
  • Timothy Tassopoulos- Senior Vice President of Operations for fast food restaurant chain Chick-fil-A.
  • Stephanie Olson- General Counsel for Fifth Avenue Financial.

McDonough School of Business Placements

The median salary provided by the McDonough School of Business is $118,005, with a job rate of 73%.. The top companies across the world hire students from the school. The graduates of the Masters of Finance program were reported to be employed with a pay package of $165,000 per year.

McDonough School of Business graduates can work in top package offering companies like:

CompanySalary Package (USD/year)
Deloitte Consulting LLPAbout 105,000
EY (Ernst & Young)AboutAbout 164,000
Amazon.com IncAbout 135,000
Booz, Allen, and HamiltonAbout 147,000
DeloitteAbout 143,000

The most lucrative careers include Manager Consultant, Senior Financial Analyst, and Operations Manager.

The study with McDonough gives you the chance to tackle real-world problems in the workplace. Students enrolled in the FTMBA program are required to finish four residencies. These are weekly group-based projects that put students in real-life simulations. Since the majority of the curriculum at B-school is focused on the experiential aspect and co-learning Students have numerous opportunities to work together in small groups, and also take classes abroad.

Students can also be employed in a variety of skilled jobs on campus, including in the finance or accounting department of student organizations and businesses (such as The Corp, The Hoya, and the Georgetown University Alumni & Student Federal Credit Union) as well as in the University Investment Office, the MSB Tech Center, and University Information Services.

McDonough School of Business Student groups & activities

The Undergraduate Program Office and active students are involved in a myriad of clubs and activities. The activities include those of the Georgetown University Student Investment Fund, Georgetown University Accounting Society, Innovo Consulting, Hilltop Consultants, Alpha Kappa Psi Professional Business Fraternity, Young Alumni Mentor Program Stock Pitch Competition as well as various other activities.

The school also has a six-week program of study abroad during the summer months that is designed for students studying business at the University of Oxford, Sophia University in Tokyo, and The ESADE Business School.

McDonough School of Business Application Deadline

International students who wish to apply to McDonough should note that applications for the full-time MBA course 2022 are due on September 26. McDonough opens in 2022 with 1400 undergraduate as well as 1400 postgraduate slots candidates applying to the program will require an impressive GMAT score along with GPA and scores for language proficiency. LORs as well as resumes, essays, and LORs are other components of the application process. The application process for an MBA at the McDonough School of Business costs $175 (!13,000 INR)

Students who are accepted to the B-school need 30,447$ to $33,840$ per semester to pay tuition costs. There are scholarships to go to the US at the B-school to assist in reducing your total cost. McDonough offers an overall placement rate of 73%. It also reports an annual average salary of $118,005 for students in its business courses.

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Conclusion

This McDonough School of Business review covers everything you need to know about the Georgetown business school. 

From the degree and programs offered,  rankings, acceptance rate, the application process, tuition e.t.c you’ll find all the facts that will convince you on Mcdonough is an ideal institution to enroll in. And what’s more? There are numerous scholarships and financial aid for students,  approximately 1.5 million dollars. This includes the Merit Scholarships,  GU Liberal Arts, and Stem Scholarship, as well as Diversity scholarships, which are awarded to help increase the diversity of international students in Georgetown. 

FAQs on McDonough School of Business Review

1. Is the Georgetown MBA program prestigious?

Yes, it is. Georgetown MBA Full-time degree program is a general management course designed for students and scholars with sciences, liberal arts, or technical degrees. Students typically include managers at the mid-level. In the course, students are required to take part in four residences lasting one week and one of them is international.

What is McDonough School of Business tuition costs?

The tuition cost for accepted students into Georgetown business school is between 30,447$ to $33,840$ per semester. There are available scholarships to assist in reducing your total cost. 

Is McDonough a good business school?

McDonough school of business was ranked #27 best business schools and #14 for best business school for part-time MBA in the 2022 category ranking by US News.
Other McDonough school of business rankings include #31 best business school by Forbes in 2021,  #24 best business school by Business week in 2021, and #40 Executive MBA school by Financial Times in 2020

Is McDonough School of Business hard to get into??

Mcdonough school of business’s acceptance rate is 47.5%. Incoming students are advised to consider the acceptance rate of students who have been admitted into BSBA.
The average GMAT score of admitted students is 704.8

What is the Application Deadline for McDonough School of Business?

Applications for McDonough’s full-time MBA course 2022 are due on September 26. About 1400 undergraduate and postgraduate slots will be available for candidates applying to the program. 

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