Harvard Business School - Yearbook (Boston, MA)

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History of the Bifsiness 5611001-Co11tz'nued The instruction in the school is, so far as practicable, con- ducted on the case system, based on class-room discussion and frequent written reports on specific problems studied in the varied forms in which they occur in actual business. The degree awarded upon completion of the two year course is that of Master in Business Administration. The school will grant a Degree with Distinction to students maintaining a general average of 80fZ, for the two years, with an average of not less than 8091, in the second year. A Degree with High Distinction will be granted only to those having a considerably higher scholastic standing. An alternative method of studying for Distinction degrees is offered to second year men who have high first year records and are approved by the Dean. Except for the required course in Business Policy, men electing this plan are responsible to a tutor and tutorial board rather than to individual instruc- tors, and will have greater freedom in planning and conducting their work in chosen Helds subject to the approval of the board. For students who intend to teach business subjects and for those who plan to conduct scientific research in business, the school offers a course of study leading to the degree of Doctor of Com- mercial Science, the completion of which normally requires not less than three years. The school is national in its contacts with business men, and the location in industrial New England affords an opportunity for observing business methods. The school draws students from international sources. It is believed that the intimate associa- tion with men of varied collegiate training coming from many environments will be of distinct importance in later business life. There are 1074 students, from 206 colleges and 48 states, as well as 13 foreign countries, enrolled in the school for the academic year 1930-1931. Under the direction of Dean Wallace Brett Donham, the Business School is carrying forward its work of training its students to take their part in the development of business as a profession, and in promoting knowledge and in- tegrity in the art of finance, industry and commerce. 9

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Hislory Qf the Business School-C'0Mti1i1ued accommodations which were available in the regular University buildings, these often being separated by inconvenient distances. In 1924, however, through the great generosity of Mr. George Fisher Baker, of New York, the creation of a permanent foun- dation and the construction of a new group of buildings for the school were made possible. The property owned by the University on the south side of the Charles River in the Allston section of Boston, just across from the Freshmen Dormitories, and on the other side of North Harvard Street from the athletic fields, was selected as the site. The plans for the school were chosen from a competition in which 55 architects participated. The winning scheme, based on the Georgian Colonial type of architecture, was submitted by McKim, Mead and VVhite. It provided for thirteen buildings, including a library and classroom building, an administration and research building, six student living halls, two faculty living halls, a student club, a faculty club, and a house for the dean of the school. The University has named the central building of the group the Baker Library. At Mr. Baker's suggestion, the administra- tion building has been named Morgan Hall in honor of John Pierpont Morgan, LL.D. '10, a long time friend and business- associate of Mr. Baker. The dormitories and instructors' houses have been named in honor of the following Hnancial omcers of the national government: Robert Morris, signer of the Declaration of Independence, Superintendent of Finance under the Articles of Con- federation. Alexander Hamilton, first Secretary of the Treasury. Albert Gallatin, Secretary of the Treasury under Presidents Jederson and Monroe. Salmon P. Chase, Secretary of the Treasury, upon whom devolved the financing of the Civil War. Hugh McCulloch, Secretary of the Treasury, under Presi- dents Lincoln, johnson and Arthur. ' John Sherman, Secretary of the Treasury, under Whose guidance the resumption of specie payments took place in 1879. Carter Glass, Secretary of the Treasury, in the period follow- ing the Armistice of 1918. Andrew W. Mellon, Secretary of the Treasury since 1921. These buildings were completed and dedicated on June 4, 1927. 8

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IN APPRECIATION The members of the Yearbook Committee wish to express their sin cere appreciation to those who, by their interest and co-opera- tion, have aided in the preparation of this volnme. They are particularly indebted to Miss Hoyle, Mrs. Kerr, Miss McCarthy, and Miss Kidston, and to many others whose assistance has been invaluable.