BusinessWeek has ranked Rensselaer’s Lally School of Management & Technology 26th in the nation among the magazine’s 2008 list of top 50 undergraduate business programs. The Lally School also is ranked as one of the top five in the Northeast, and the program came in at number 19 on the list of private institutions offering students the biggest return on their investment.
Last year, the Lally School was one of nine new schools to be named to BusinessWeek’s list, making its debut at number 40.
“The Lally School is proud of its continued ranking among the elite 50 universities in the nation,” says David Gautschi, dean of the Lally School. “Our undergraduate program creates leaders who are actively sought after by a wide variety of business organizations, and many of our graduates start their own businesses. This recognition demonstrates that the Lally School competes with the very best business schools in the world.”
To identify the best undergraduate business programs, BusinessWeek used nine distinctive measures, including surveys of nearly 80,000 business majors at 127 schools and more than 600 corporate recruiters. The BusinessWeek rankings measure schools in several areas, including teaching quality, student services, recruitment of graduates, salary offers, number of graduates each program sends on to the pre-eminent MBA programs, and quality of academic programs, among others.
“The academic rank and the ranking our students give the program signals to us that we have improved,” Gautschi says. “Our goal is to continue to improve by cultivating closer ties with industry partners in the United States and abroad, and by continuing to develop innovative new programs to attract prospective students.
Recently, the Lally School launched the M.S. in Commercialization of Technology, in collaboration with Albany Law School. Students come mainly from Rensselaer’s undergraduate programs in management; biomedical engineering; materials science; architecture; computer science; design, innovation, and society; and cognitive psychology. Students also receive training in management as well as selected technologies from the cited disciplines.
Upon completion of at least 30 graduate credits, students have the option of taking their new technologies to market as start-up entrepreneurs, pursuing Albany Law’s M.S. degree in Legal Studies Concentration in Technology Transfer, or working for 12 months in a technology-related industry and then returning to Rensselaer for another year to earn an MBA.
Next fall the Lally School will launch a new track of study in financial modeling and analytics to prepare students for careers that are in high demand on Wall Street and in risk management positions in corporations around the world. Members of Lally’s Advisory Council have been instrumental in opening doors to players in the financial services industry to support this new track, added Gautschi.
More than 370 undergraduate students are enrolled in the Lally School. Students in the undergraduate program study finance, marketing, human behavior, information technology, innovation and entrepreneurship, operations management, and organizational analysis and development. Students also are encouraged to take courses from Rensselaer’s other schools in areas of cognitive science, humanities and social sciences, architecture, and computer science. In addition, a quarter of Lally School students who qualify study overseas at some point during their undergraduate program.
“Changing times demand a new way to teach business leaders,” Gautschi says. “The Lally School is relatively small with a collegial faculty and students who expect and create change. This mind-set creates an environment that fosters innovation and entrepreneurial thinking, and the faculty and students are working shoulder-to-shoulder to advance thought and practice in areas of commercialization of technology with global reach and global impact.”
To view the 2008 BusinessWeek undergraduate rankings, go to: www.businessweek.com/bschools/.
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