Babcock Graduate School of Management and Calloway School of Business & Accountancy

Photos provided by Wake Forest University

By Rachel Z. Arndt

Babcock Graduate School of Management and Calloway School of Business & Accountancy

Wake Forest University has its beginnings in a North Carolina farmhouse, where 16 men first attended the manual-labor focused Wake Forest Institute in 1834. The school was re-chartered and renamed Wake Forest College in 1838, gaining its current name in 1967. In between, Wake Forest established some of its specialized schools, including the School of Law in 1897 and the School of Medicine in 1902. Women were first admitted to its undergraduate program in 1942. The school received an endowment from the Z. Smith Reynolds Foundation in 1956, enabling its move to its current home in Winston-Salem. Now, the university has 4,500 undergraduates and 2,400 graduates, bringing together students from 49 states and 21 foreign countries. Some recent graduates are the recipients of prestigious scholarships, such as the Rhodes and Fulbright.

The Babcock Graduate School of Management was established in 1969, and the first students were admitted in 1971. The school is named after Charles H. Babcock, a local businessman, philanthropist, and the son-in-law of one of the founders of R.J. Reynolds Tobacco. MBA and executive MBA programs were offered at the school since its inception, and the part-time MBA was introduced in 1987. The school also offers a one-year Master of Arts in Management. Babcock's MBA program places an emphasis on both individualized learning and teamwork. As one graduate explained in a BusinessWeek survey, "This is a small program with lots of student/student and student/professor interaction."

Wake Forest's highly-ranked undergraduate business program, at the Wayne Calloway School of Business & Accountancy, was founded in 1949. There are 399 students in the program, which takes place during the last two years of students' undergraduate time at Wake Forest. Like Babcock, Calloway boasts an intimate learning environment—the average number of students in a required class is 25, and the average in an elective is 21.

Photos provided by Wake Forest University. Caption information provided by the school and BusinessWeek research.

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