McDonough School of Business Prospectus

Best in the World Best for the World THE MCDONOUGH SCHOOL OF BUSINESS

Georgetown’s commitment to help meet the world’s most profound needs has shaped centuries of growth and progress.

Today, it animates the university’s $3 billion campaign ambition, calling us to invest in areas of great strength for Georgetown— and even greater opportunity.

Through Called to Be: The Campaign for Georgetown, we will answer with action and impact, educating a new generation of capable, creative, and conscientious business leaders.

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Dear alumni and friends of Georgetown, At Georgetown McDonough, we are called to help our students become the best in the world and the best for the world. In a complex and changing society, we prepare our students to both do well for themselves and serve the common good.

We do this by building on our strengths, growing in ways that advance our mission.

We intend for McDonough to become the leading school for business and global affairs. Our re-imagined undergraduate and graduate programs, often designed in collaboration with Georgetown’s other schools, will expand students’ access to global projects and experiential learning opportunities.

We also will prepare students for the future of business by building capabilities around cross-cutting and forward-looking themes like sustainability, artificial intelligence, the future of work, analytics, entrepreneurship and innovation, and the business of health. Through new initiatives, curricular innovations, and groundbreaking research, McDonough graduates will be at the center of solving the world’s most complex and important issues.

We will move into the future as we treasure our history—particularly our Jesuit character and values that define us as Hoyas. As such, we will further embed this tradition into the life of our school.

Accomplishing our goals will require significant investments in our community— students and faculty—research, and program development. So it is with great optimism and excitement that I share McDonough’s goals for Georgetown’s Called to Be campaign. Together, we can continue to elevate our entire McDonough community as we serve one another.

Sincerely,

— Paul Almeida, Dean and William R. Berkley Chair, Professor of Strategy

“At the McDonough School, we provide our students with a worldclass business education, shaped by our identity as a Catholic and Jesuit institution, our location in the nation’s capital, our global presence, and our commitment to academic excellence. Our students and faculty bring the perspectives of business and management to confront the world’s most complex problems. We are educating the next generation of ethical leaders, called to make a difference in our world.”

—JOHN J. DEGIOIA, PRESIDENT, GEORGETOWN UNIVERSITY

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Every business school teaches students about markets, efficiency, and profitability.

At Georgetown McDonough, we take it a step further: we teach our students to use the tools of business, management, and leadership to enhance their careers and to serve the common good.

Georgetown’s Jesuit identity; Washington, DC, location; global mindset; and deep academic expertise are central to this work. By deploying these strengths across our programs, centers, and research—and by shaping the fields defining the future of business—we can best serve our students, our community, and our changing world.

Our goal is simple and distinctive: To prepare exceptional leaders who use their global business knowledge as a force for good in the world.

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࢝ Investing in future leaders

Competing successfully across the

globe for outstanding students who

will use their talent to advance economies, improve communities, and lead with purpose.

࢝ Stretching the boundaries of

business education

BUILDING ON DISTINCTIVE STRENGTHS TO MAKE A BETTER WORLD There is no school better suited to prepare a new

generation of capable, creative, and conscientious business leaders than Georgetown McDonough, part of the nation’s oldest Catholic and Jesuit

university and seated in its most influential city.

We develop ethical, forward-looking leaders

committed to building a better world. We deliver a

business education filled with experiential learning.

We design programs that translate our competitive advantages into shared value.

And now we are focused on four strategic

opportunities to maximize our impact, educating principled leaders to be not only the best in the world, but the best for the world.

Investing in exceptional faculty, as

well as the initiatives and centers that drive research, engage thought leaders, and cultivate distinctive educational experiences for students.

࢝ Shaping the role of business

in the world

Defining the fields of the future

through programs, research, and centers that enable work across

disciplines and use business to solve society’s greatest challenges.

࢝ Defining business for the

common good

Making a direct economic and

social impact in and beyond our DC community by using the city’s rich

ecosystem to extend our classrooms and research.

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Student access & excellence

We will invest in our future leaders.

Georgetown McDonough is competing for the best student talent in markets around the globe. Enrolling—and supporting—these future leaders is the single most important investment we can make.

Scholarships and graduate fellowships are crucial in building a dynamic learning community of undergraduate, graduate, and executive students poised to advance economies, improve communities, and lead with purpose.

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MBA FELLOWSHIPS To recruit the highest-caliber graduate students and

immerse them in the work of McDonough’s leading

research centers, we seek to establish additional named MBA fellowships.

Offered to applicants who demonstrate exceptional

MBA FELLOWSHIP PLACEMENTS Business for Impact Center for Business and Public Policy Georgetown Entrepreneurship

talent and interest in a field aligned with one of our

Georgetown Institute for Consumer Research

will provide a market-competitive scholarship, pair

Institute for the Study of Markets and Ethics

and position recipients as student leaders in their area

Psaros Center for Financial Markets and Policy

school’s centers and initiatives, these fellowships

students with faculty research projects and internships, of interest.

Fellows’ deep engagement with McDonough’s centers differentiates our school, enriches students’ learning

experience, and sets the stage for high-impact careers.

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Steers Center for Global Real Estate

UNDERGRADUATE SCHOLARSHIPS Georgetown McDonough offers a top undergraduate program, preparing the next generation of business

leaders to use their skills in service to the world. Peer

institutions and competitors are providing increasingly

generous undergraduate scholarships—and to continue competing with them for the world’s most talented students, Georgetown must do the same.

Beyond increasing access, philanthropically funded scholarships help reduce the debt burdens that can

deter graduates from certain professions that would otherwise benefit tremendously from their business knowledge.

“My decision to study in the United States was made with one goal in mind: to be able to continue working in the Commercial Real Estate industry anywhere around the world upon graduation. From Day One, the Steers Center has exceeded my expectations by providing connections, opportunities, and support for my professional development that I have no doubt will continue to benefit me throughout the rest of my career.”

—AHMED HAJAT (MBA’22)

With your support, we will attract and educate the world’s most talented leaders.

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Classroom experience

We will stretch the boundaries of business education.

Our Georgetown McDonough community lives in the spirit of St. Ignatius of Loyola—with “one foot raised,” ready to move toward the future. We embrace change, always evolving our learning experiences to educate principled leaders with a global mindset.

To do this, we must invest in faculty whose innovations enrich the classroom and influence the business community.

Recognizing that a Georgetown business education should reach beyond campus, we also will connect students with companies and communities, allowing them to address realworld challenges here and abroad.

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ASSOCIATE PROFESSORSHIPS & ENDOWED CHAIRS

Georgetown’s innovative faculty conduct research

that pushes the boundaries of existing disciplines, shape the fields that will define the future of

business, and share their expertise with students and business organizations. These thought leaders, and their interactions with our students, differentiate

and elevate the McDonough learning experience.

Philanthropically funded professorships and

chairs are some of the most effective tools for

recruiting, retaining, resourcing, and recognizing

high-performing faculty—allowing us to be nimble, strategic, and competitive in a market where many top business schools are vying for the same talent.

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UNDERGRADUATE GLOBAL BUSINESS EXPERIENCE As part of Georgetown McDonough’s ambition to become the world’s premier destination to study global business, we have

developed a robust suite of curricular and co-curricular offerings.

We seek to endow and expand signature programs like the

undergraduate Global Business Experience (GBE), a unique

course that combines on-campus study with hands-on learning.

Through the GBE, we pair multinational corporations with Georgetown undergraduates, who lead faculty-supervised

In Spring 2022, Georgetown McDonough undergraduates traveled to Madrid, Spain, to meet with executives from Uber as part of the GBE course. Students consulted for the company on three different business challenges related to commercial partnerships and customer experience.

Prior to the trip, students met regularly via Zoom with the Madrid-based client. Along the way, they saw how a company that’s

consulting projects. At the course’s conclusion, students travel to

ubiquitous in the United States can look

to senior management.

divergent regulatory environments.

their client’s home country for one week to present their findings

drastically different in other countries with

With your support, we will advance Georgetown McDonough’s academic excellence by expanding our world-class faculty and

ensuring that every student graduates with a global perspective

gained through immersive international study, work, or service.

“This experience taught me that while global businesses may provide the same core competencies throughout the world, the way in which they are able to achieve their objectives often looks very different on a region-to-region basis.”

—STEVEN SKOMRA (B’22)

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Centers & initiatives

We will shape the fields defining the future of business.

For business to drive progress, we must understand the forces and partnerships that will shape industry in the coming years— along with their implications for society.

Georgetown McDonough will define the future of commerce and management through programs, centers, and research dedicated to emerging, cross-disciplinary fields. Whether the focus is entrepreneurship, artificial intelligence (AI) and the future of work, sustainability, health, or another field of the future, these collaborations will amplify business’s role in solving critical global challenges.

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Leading the most important conversations of our time Georgetown McDonough’s centers and initiatives are guiding the fields

of the future. By forging partnerships across disciplines through research, convening, and experiential learning, we keep our students at the forefront of an increasingly interconnected world.

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BUSINESS AND GLOBAL AFFAIRS Business and global affairs are inseparable disciplines, and Georgetown has uniquely deep expertise at the intersection of economics, policy, and international affairs. Through the Dikran Izmirlian Program in Business and Global Affairs, the Baratta Center for Global Business, and a suite of other offerings, Georgetown McDonough is becoming the premier destination for global business education. Donor support will further strengthen our trajectory and impact.

ENTREPRENEURSHIP & INNOVATION Cross-disciplinary entrepreneurial thinking is a force for economic growth and social good. We call on our students to develop those skills and deploy them with passion. Building on years of growing student and alumni engagement, investments in a new Center for Entrepreneurship—its faculty, course development, experiential and mentorship opportunities, and more—will amplify this culture of innovation across Georgetown and equip students and alumni with essential skills.

BUSINESS OF SUSTAINABILITY From supply chains to operational efficiency, consumer perceptions, and more, businesses face myriad sustainability risks—and opportunities. Through the Business of Sustainability Initiative, we are exploring the business imperative for sustainable practices to reduce costs, differentiate companies, drive revenue, and improve consumer goodwill. Expanding the resources available for this work will unlock new interdisciplinary possibilities and external partnerships.

AI, ANALYTICS, AND THE FUTURE OF WORK We are at a pivotal moment as the world’s largest industries grapple with the opportunities and challenges presented by AI and machine learning. With our Catholic and Jesuit heritage, Georgetown can bring a unique and necessary perspective to the conversation.

BUSINESS OF HEALTH Health care is one of society’s most complex and consequential sectors, demanding not only expertise in operations, management, leadership, strategy, and innovation, but also thoughtful consideration of ethical challenges and national and global ripple effects. With donor support, we will translate these longstanding Georgetown strengths into opportunities to lead change and develop forward-thinking solutions at the intersection of business and medicine.

With your support, our centers and initiatives will convene students, faculty, and industry leaders to shape high-impact fields where business can and must play a major role.

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HOYA ENTREPRENEURS Transforming the baby gear industry to be more sustainable, affordable When JoyLet co-founders Alli Cavasino (MBA’22) and Natalie Poston (MBA’21) met at Georgetown McDonough, they saw an opportunity to create a more sustainable future—one where each piece of baby gear is loved by multiple families, and parents have the flexibility and savings to choose the best quality products.

The entrepreneurs built JoyLet’s business plan in their Lean Startup course, earned certificates in sustainable business, and secured funding from Georgetown Entrepreneurship’s Bark Tank and the Georgetown Entrepreneurship Challenge. In 2022, they received further funding from the Georgetown Angel Investor Network by placing first in the Georgetown Entrepreneurship Alliance alumni pitch competition.

Today, JoyLet is disrupting the traditional model of baby gear ownership by providing parents the ability to rent premium products that babies and toddlers age out of quickly—widening access to high-quality gear and preventing unnecessary waste.

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“From the start, we knew we wanted to incorporate impact and sustainability into our business; we worked under Professor Vishal Agrawal in the Sustainability Practicum class to research different delivery and packaging methods for JoyLet. He continues to be a resource for us.”

—ALLI CAVASINO (MBA’22) AND NATALIE POSTON (MBA’21)

FACULTY SPOTLIGHT VISHAL AGRAWAL Henry J. Blommer Family Endowed Chair in Sustainable Business Professor of Operations and Information Management A member of the Georgetown McDonough faculty since 2010, Vishal Agrawal teaches a variety of undergraduate and MBA courses and leads research on sustainable business operations, supply chain management, new product development, and managerial challenges at the intersection of business and the environment.

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Community impact

We will define business for the common good.

With our home in the world’s most influential capital city, Georgetown has unique access to business, government, policy, and nonprofit organizations—a rich ecosystem for serving others and pursuing shared value.

We are called to practice the lessons we teach our students —by creating a community of belonging at Georgetown McDonough and investing in programs that have a direct impact on economic and social development and inclusion across Washington, DC, and beyond.

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SERVING THE NEEDS OF ALL STAKEHOLDERS With our grounding in Jesuit values and the array of experiences offered by our vibrant location, Georgetown McDonough has an opportunity to become the world’s top

program for creating shared impact—through our programs and through our graduates.

This goal shapes our approach both inside and outside the classroom, guided by a belief that leaders and companies succeed when they balance the needs of all stakeholders.

That work starts with us, as we strive to create a diverse, equitable, and inclusive

environment at Georgetown McDonough—a community truly representative of the business world. And it extends to our deep engagement with communities near and far, recognizing the contributions we can make through collaboration and action.

With your support, we will grow our economic and social impact, building a community whose expertise, relationships, and resources are a powerful force for good.

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PIVOT PROGRAM A partnership between our business school, Georgetown’s Prisons and Justice Initiative, and the DC Department of Employment Services, the Georgetown Pivot Program is a nine-month transition and reentry certificate program for formerly incarcerated individuals.

Blending education, work experience, executive mentorship, and networking opportunities, this first-of-its-kind program teaches participants business and entrepreneurship fundamentals and helps them develop vital life and social skills—preparing them for a range of post-program options such as business ownership, meaningful employment, or continuing education.

After graduating dozens of returning citizens since its launch in 2018–19, the program seeks permanent resources for future cohorts.

“I’d like to be that person to find a solution to the problems that I see within the community. I learned so much from Pivot on how to run and manage a business, so I was comfortable coming into this role as executive director.”

—MONTE POLLARD, EXECUTIVE DIRECTOR OF THE NONPROFIT CHANGING PERCEPTIONS, A WASHINGTON, DC-BASED REENTRY ORGANIZATION

Pollard graduated from the Pivot Program in 2020, has

since earned a certificate in nonprofit management from Georgetown’s McCourt School of Public Policy, and is pursuing a second culinary degree.

“Creating a more inclusive workplace is more top of mind now in many organizations, and I am keen to seize on that momentum to create opportunities—not only for our Fellows, but for others who have been justice-involved.”

—ALYSSA LOVEGROVE, PIVOT EXECUTIVE DIRECTOR AND MCDONOUGH SCHOOL FACULTY MEMBER

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“Imagine a world led by Georgetown alumni who are inspired by our Jesuit mission to continuously serve humanity, who understand the complex issues facing mankind, and who have the expertise and relationships to solve them.

I want us to live in that world.”

—PAUL ALMEIDA, DEAN, M C DONOUGH SCHOOL OF BUSINESS, WILLIAM R. BERKLEY CHAIR, PROFESSOR OF STRATEGY

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Georgetown alumni, parents, and friends are essential partners on our journey to educate principled leaders to be not only the best in the world, but the best for the world.

Thank you for your generosity, now and always.

To learn more about these priorities, the Called to Be

campaign, or the difference your gift could make, please contact us at msbgiving@georgetown.edu.

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