GRADUATE BUSINESS SCHOOL

At a meeting of the President and Fellows of Harvard College held March 30, it was voted to establish a Graduate School of Business Administration, the ordinary requirement for admission to which shall be the possession of a bachelor's degree, and for graduation a course of study covering two years.

By creating a Graduate School of Business Administration, Harvard University undertakes to do its share in meeting what is believed to be a growing need for efficient and systematic business training, and it plans this service to the community in the spirit which animates its general scheme of professional education. The new school is to be a graduate department like the other Harvard professional schools; and the specialized training for a business career which it will give, on the analogy of the Law School and the Medical School, rests on the basis of a liberal education. College graduates only will be admitted as regular students, and in addition to the general requirement of the bachelor's degree for admission, a few definite requirements, such as modern languages and economics, may be imposed as essential to efficiency in the advanced work of the school. Since the course of study will cover two years, the whole period of University study under this plan will be therefore six years, or five years if the degree of A.B. or other college degree has been taken in three years.

The instruction will cover in the first year certain general subjects, such as principles of accounting, commercial law, recent economic history, commercial organization, and economic geography. In the second year more specialized instruction will be offered in such lines as banking, transportation, insurance, and business organization and management. In addition to the courses preparing specifically for his chosen career in business, the student will have a choice of elective studies, including especially adapted courses in the modern languages. For some years past the University has offered to its undergraduates a fairly wide range of courses suitable to those preparing for a business career. But, as will be seen from the above statement, the newly organized school will offer graduate, professional instruction in a number of new and technical courses. It is hoped that these increased opportunities will serve the needs not only of those who desire to fit themselves thoroughly for the ultimate attainment of posts of responsibility and leadership in the business world, for whom the school as at present organized will be primarily designed, but also, in certain directions, of the growing number of men seeking service under the government.

Instruction in the school will begin with the next academic year. A pamphlet will be issued shortly giving details; in the meanwhile all inquiries should be addressed to Professor E. F. Gay, Dean of the Graduate School of Business Administration, 23 University Hall, Cambridge, Mass.