Yesterday, the Board of Trustees at Johns Hopkins University announced the receipt of a $50 million dollar gift, which will also be matched and the proceeds used to establish the Johns Hopkins University Carey Business School. The school is named after Willam P. Carey.
School operations will begin January 1, 2007.
According to Yahoo!, The Carey Business School’s $100+ million funding plan is one of the largest commitments in the history of business education.
Hopkins’ President, William Brody, stated: “the School will make its mark producing leaders armed with both business skills and cross-disciplinary knowledge.”
Coordinating with Hopkins’ other graduate programs, the Carey School will grant joint master’s/MBA degrees and add a five-year B.A.-B.S./MBA option for outstanding liberal arts and engineering majors. There will be no undergraduate business degree offered.
The gift came from the W.P. Carey Foundation, given on behalf of the Foundation by Wm. Polk Carey, chairman of W.P. Carey & Co – a New York City-based investment firm-and trustee emeritus of The Johns Hopkins University.
Hopkins also announced an immediate national search for a dean of the Carey Business School. According to Brody, ’the dean must be a business expert with the energy and creativity to make a reality of a new vision for management education and to assure that the Carey Business School is a recognized leader among the world’s business schools.’
You can view the Yahoo! Press Release HERE
You can view a BusinessWeek.com Article HERE