Entrepreneurship program ranks in top 12March 27, 2003
By Marquita Ford
A recent study of collegiate business schools in the United States lists Baylor's entrepreneurship program among the top 12 in the nation.
TechKnowledge Point Corporation, in conjunction with Entrepreneur magazine, researched more than 700 national entrepreneurship programs from September 2002 to December 2002. The results place Baylor's program in the first tier, a position shared with schools such as Harvard University, Stanford University and the Massachusetts Institute of Technology.
'I'm pleased that we are receiving this outside confirmation of what we already knew,' Dr. Terry Maness, dean of the Hankamer School of Business, said in a press release. 'The Baylor entrepreneurship program is of the highest quality in the nation.'
The study used more than 30 criteria to rank colleges and universities in this study. The criteria included the number of courses offered, business-community outreaches offered through the program and research centers and institutes associated with the program.
Entrepreneur also surveyed faculty, alumni and program directors asking them to rank their entrepreneurship program against programs of other schools. Alumni ranked Baylor's entrepreneurship program second out of a total of 300 colleges and universities that responded.
Baylor's business programs have received additional recognition from U.S. News and World Report's 2003 edition of America's Best Colleges. The report ranks Baylor's business undergraduate program in the top 16 percent and the entrepreneurship program ninth of all accredited collegiate business programs in the United States.
Baylor's entrepreneurship program was established in 1971. Over the past 30 years the number of entrepreneurial programs has grown greatly from about 16 to more than 875.
According to David Newton and Mark Henricks, writers for Entrepreneur, this growth has been spurred by several factors. One factor is an increased availability of funds for U.S. colleges and universities because of alumni donations. A second factor is the emphasis placed upon the role of entrepreneurs in the business world during the past three decades.
'As headlines blared about the innovation and personal wealth that went hand-in-hand with entrepreneurs and start-up ventures, especially in the technology sector, the public became increasingly fascinated with start-up businesses and the risk-taking mindset that defines the entrepreneur,' Newton and Henricks wrote in the article.
Although this is Entrepreneur's first evaluation of national entrepreneurship programs, the magazine plans to make it an annual tradition. According to Entrepreneur.com, the magazine's supporting Web site, the purpose of this article is not only to rank programs, but also to 'offer students advice on how to choose one that meets their needs.'
The complete results of the survey are available in the April issue of Entrepreneur magazine, which is on newsstands now.