Jake Jabs College of Business and Entrepreneurship

The Jake Jabs College of Business & Entrepreneurship (JJCBE), previously known as the MSU College of Business is the business school of Montana State University, a public land-grant university located in Bozeman, Montana. The college offers a Bachelor of Science in Business degree at the undergraduate level and a Master of Professional Accountancy (MPAc) degree as well as a Master of Science in Innovation and Management (MSIM) at the graduate level.[3] The college is named for MSU alumnus Jake Jabs, president and CEO of American Furniture Warehouse who donated $25 million in 2011 to the university to modernize the college.

Jake Jabs College of Business and Entrepreneurship
Jabs Hall
Former names
School of Business
TypePublic Business School
Established1893 (1893)
AffiliationMontana State University
DeanMark Ranalli (since 2018)
Academic staff
72
Undergraduates1569[1]
Postgraduates41[2]
Location
Bozeman
,
Montana
,
United States
Websitewww.montana.edu/business

About

The Jake Jabs College of Business and Entrepreneurship offers a Bachelor of Science undergraduate degree in business with four option areas: accounting, finance, management, and marketing. The college offers five minors: accounting, business administration, entrepreneurship and small business management, finance, and international business, as well as an 18-credit business certificate and 15-credit entrepreneurship certificate. The college offers a one-year Master of Professional Accountancy program (MPAc) and a one-year Master of Science in Innovation and Management (MSIM). The college is accredited through the Association to Advance Collegiate Schools of Business (AACSB).[4] It is the most rigorous accreditation a business college can earn. Only 5% of the business schools worldwide have this accreditation. As a part of Montana State University, the college operates on a semester system. The college is directly managed by a Dean (currently Mark Ranalli), who is advised by a National Board of Advisors composed of alumni and other successful business professionals.[5]

History

When the Agricultural College of the State of Montana (now Montana State University) was established in 1893, the first college catalog announced a division of business that would include "book-keeping, commercial arithmetic, commercial correspondence, penmanship, commercial law, and business ethics, etc."[6] The first class offered at the new college was a business course offered by Homer G. Phelps, who had been conducting business institutes in Bozeman and Livingston, Montana.[7] Initially the business curriculum was supported by the college to ensure that women would enroll. Economics and agricultural economics would eventually provide a more theoretical approach to some of the business subjects, but in the beginning, typewriting, shorthand, business machine operation, and office management constituted the basic courses.[7] The secretarial and business options maintained a strong attraction for years, but in time, Leona Barnes, Bernice Lamb, John Blankenhorn, Alfred Day, and Harvey Larson presided over the transition to a truly professional business curriculum. It wasn't until 1958–1959, when the department of commerce emerged to join with the new College of Professional Schools.[7] While general business remained the most popular option, accounting attracted an increasing number of students. In 1975, the core areas of the school were realigned and emphasis was placed on accounting, finance, management, marketing, and international trade.[8]

In 1981, the School of Business received accreditation. When data became available in the early 1980s, it was discovered that Harold Holen's accounting program had achieved top rankings nationwide in the percentage of students taking and passing the CPA exam.[8]

In October 2011, the university announced what was then the largest private gift in the history of the Montana higher education system─$25 million from MSU alumnus Jake Jabs, president and CEO of American Furniture Warehouse.[9] Eighteen and a half million dollars of the gift went toward the construction of a new building, Jabs Hall.[10] The remainder of the gift funded new scholarships and academic programs. The School of Business was renamed the Jake Jabs College of Business & Entrepreneurship in 2013.

Student and faculty profiles

Students

In 2018, the incoming freshmen class had an average high school GPA of 3.27 and an average ACT score of 23. In 2018, out of 275 graduating students, 175 were male and 100 were female. A total of 95 students graduated with the management option, 53 in accounting, 61 in marketing, and 66 with the finance option. The Master of Professional Accountancy (MPAc) program had 10 females and 11 males. In 2018, a total of 124 students graduated with a business minor: 11 in accounting, 31 in business administration, 62 in entrepreneurship & small business management, 14 in finance and 6 in international business.[11]

During fall semester 2018, there were a total of 66 student athletes enrolled in the college. Sports represented: Alpine skiing, basketball, football, golf, rodeo, Nordic skiing, tennis, track & field, volleyball, and the spirit squad. There are ten student clubs or organizations affiliated and supported by the college: American Marketing Association at Montana State, Beta Alpha Psi/Accounting Club, Collegiate DECA, Enactus, Finance Club, International Business Club, Management and HR Club, Montana Investment Group, Women in Business, and MSU LaunchCats.[12]

The spring 2019 cohort of business students scored in the 94th percentile on the Major Field Test – Business, administered to business seniors in more than 495 institutions across the country. Based on the Career Destinations self-survey through the Montana State University's Career, Internship & Student Employment Services, 94% of undergraduates reported full or part-time employment or continuing education in AY2018. The MPAc graduating class reported 100% had full or part-time employment or continuing education immediately following graduation.[13]

Faculty

The 2018 fall semester faculty profile consists of 28 tenure-track faculty, 33 non-tenure track faculty, eight communications coaches, and seven emeritus faculty.[14] Faculty members have earned Ph.D., Juris Doctor, and MBAs or master's degrees from well-known institutions including Stanford, Michigan, Oregon, MIT, Arizona State, University of Utah and others.[15] Students also learn from non-tenure track faculty who have held senior positions in companies including Booz Allen Hamilton, ESPN, FedEx, NASDAQ, and Saatchi & Saatchi. Several faculty members are local business owners.[15]

Jabs Hall

Jabs Hall, is a LEED Gold building designed to promote both formal and informal collaborative learning across multiple disciplines. Housing the Jake Jabs College of Business & Entrepreneurship, the building contains classrooms, collaboration areas, and office spaces. The building's layout and features intend to make the work of students, faculty, and staff transparent to encourage interdisciplinary learning and active engagement.[16] There are 11 classrooms with south-facing windows, two computer classrooms, nine student team and conference rooms, the Risa K. Scott Collaboration Lab ( a lab/studio space) for interdisciplinary classes and activity, and two fireplaces.[17] Groundbreaking for Jabs Hall took place in 2013 with the opening of the building in 2015.[18]

Jabs Hall received first place recognition as the best project in the higher education/research category within the mountain states region of the Engineering News-Record (ENR) Regional Best Projects Awards.[19] The award celebrates and honors the building teams that created the best projects nationwide in 2015. Jabs Hall was recognized with a top project excellence award from the Montana chapter of the American Council of Engineering Companies (ACEC-Montana).[20]

Centers and programs

The Jake Jabs College of Business & Entrepreneurship hosts two centers of excellence.

Bracken Center for Excellence in Undergraduate Business Education

The Bracken Center for Excellence in Undergraduate Business Education was created in 2002 through a $3 million donation from the family and friends of Gary K. Bracken, a 1961 alumnus.[21] The center facilitates excellence in undergraduate business education through a high quality learning environment and a resource center for business students to focus on career and internship opportunities, student club support, as well as study abroad and other international and fellowship opportunities. The Bracken Business Communications Clinic (BBCC), a part of the Bracken Center, offers one-on-one coaching by business communications professionals to improve students’ writing, speaking, interviewing, and oral presentation skills.[22]

Jabs Entrepreneurship Center

In November 2001, the Montana University System Board of Regents authorized the creation of The Center for Entrepreneurship for the New West and a minor program in Entrepreneurship and Small Business Management.[23] The center established a unique partnership between the college and TechRanch, a technology business incubator in Bozeman.[24] The center moved into Reid Hall in 2010 to expand opportunities for students. Jake Jabs, president and CEO of American Furniture Warehouse announced in December 2010 that he would give more than $3 million to the college. The gift was earmarked for the renamed Jabs Entrepreneurship Center.

The Jabs Entrepreneurship Center also includes the Alderson Program for Entrepreneurship. Funded by a generous gift from Jim (1969 alumnus) and Connie Alderson, the program was recognized by Entrepreneur Magazine as one of the national top 10 entrepreneur emphasis programs in 2004 and 2005.

The Alderson Program and Jabs Entrepreneurship Center were named by the Small Business Administration (SBA) Office of Advocacy as an Economic Development Best Practices Program national finalist in 2005. The Center for Entrepreneurship was also a finalist for EDA's 2007 Excellence in Economic Development Award. Both the program and center have received several grants from prominent funding organizations including the Kauffman Foundation, Coleman Foundation, National Science Foundation, U.S. Department of Labor and Small Business Administration.

Additional programs
  • MSU Blackstone LaunchPad: Established in 2013, the LaunchPad is a non-profit campus resource for students, alumni, and faculty interested in business and entrepreneurship.[25] With a physical presence in the Strand Union Building and currently led by Tervor Huffmaster, the LaunchPad has helped generate more than 90 ventures and assisted hundreds of individuals since its inception.[26]
  • Family Business Program: Established in 1994 as an outreach program, the program offers education and information to the backbone of many Montana businesses, those that are owned and managed by families of Montana. The annual awards luncheon, usually held in the fall, has reached out to hundreds of businesses, provided education and honored family businesses across the state.[27]
  • Orser Executive Speakers Forum: The forum is named for David B. Orser, a 1966 MSU graduate who began funding the program in 1988 to inspire business students to pursue careers as innovative, responsible and ethical business leaders.[28]
  • Women's Circle of Excellence (WCOE): The program was created in the fall of 2006. In the spring of 2007, a core committee of alumni and staff hosted the WCOE's first event, a graduation celebration for graduating female students. In 2008, the WCOE hosted its premier conference, a two-day event that coincided with the 115th anniversary of the college. The theme of the conference was "Links of a Lifetime," which promoted existing bonds between alumni and friends and fostered opportunities to establish new ones. This conference featured national and local speakers who presented inspirational and educational sessions and events, as well as mentoring and networking opportunities.[29]

Notable alumni

Jake Jabs College of Business & Entrepreneurship alumni with significant ties to the business world or have succeeded in their chosen profession.

Notes
  1. Office of Planning and Analysis Report, 10/29/2019, Montana State University
  2. Office of Planning and Analysis Report, 5/7/2019, Montana State University
  3. "Jake Jabs College of Business & Entrepreneurship". Montana State University. Retrieved January 12, 2020.
  4. Audrey Capp (April 20, 2018). "MSU business college maintains accreditation". Montana State University News Service. Retrieved November 26, 2018.
  5. "JJCBE National Advisory Board and Accounting Advisory Council". Montana State University. Retrieved January 7, 2013.
  6. Rydell, Robert (1992). In the People's Interest: A Centennial History of Montana State University. Bozeman, Montana: Montana State University Foundation. p. 13. ISBN 0963511408.
  7. Rydell, Robert (1992). In the People's Interest: A Centennial History of Montana State University. Bozeman, Montana: Montana State University Foundation. p. 283. ISBN 0963511408.
  8. Rydell, Robert (1992). In the People's Interest: A Centennial History of Montana State University. Bozeman, Montana: Montana State University Foundation. p. 284. ISBN 0963511408.
  9. "Businessman gives $25M to MSU College of Business". The Denver Post. October 14, 2011. Retrieved January 11, 2016.
  10. Schontzler, Gail (May 4, 2015). "MSU's new Jabs Hall wins praise from public". Bozeman Chronicle. Retrieved January 11, 2016.
  11. "Jake Jabs Jake Jabs College of Business and Entrepreneurship Annual Report (2017-2018)" (PDF). Jake Jabs Jake Jabs College of Business and Entrepreneurship. Retrieved May 7, 2019.
  12. "Jake Jabs College of Business & Entrepreneurship Student Organizations". Montana State University. Retrieved May 7, 2019.
  13. "Career Destinations". Montana State University. Retrieved January 23, 2020.
  14. "Jake Jabs College of Business & Entrepreneurship Messaging Center". Montana State University. Retrieved November 26, 2018.
  15. "Jake Jabs College of Business & Entrepreneurship Faculty Directory". Montana State University. Retrieved January 13, 2016.
  16. "JJCBE New Building - Jabs Hall". Montana State University. Retrieved January 13, 2016.
  17. "Jabs-Hall Self Guided Tour" (PDF). Montana State University. Retrieved January 13, 2016.
  18. Schontzler, Gail (May 3, 2013). "MSU cheers Jabs at groundbreaking for new business college". Bozeman Daily Chronicle. Retrieved January 13, 2016.
  19. Cantrell, Anne (September 1, 2015). "MSU's Jabs Hall wins regional recognition as best higher education/research project". Montana State University News Service. Retrieved January 13, 2016.
  20. Banziger, Walt (November 1, 2015). "MSU's Jabs Hall, Miller Dining Hall recognized with top project excellence awards". Montana State University News Service. Retrieved January 13, 2016.
  21. "The Bracken Center for Excellence in Undergraduate Business Education". Montana State University. Retrieved January 14, 2016.
  22. "Bracken Business Communications Clinic". Montana State University. Retrieved January 14, 2016.
  23. "Jabs Entrepreneurship Center". Montana State University. Retrieved January 14, 2016.
  24. Daily, Jason (September 17, 2009). "The Union of Town and Gown". Entrepreneur Magazine. Retrieved January 14, 2016.
  25. "Blackstone LaunchPad". Montana State University. Retrieved May 7, 2019.
  26. "Trevor Huffmaster named new director of MSU's Blackstone LaunchPad". Montana State University News Service. June 1, 2018. Retrieved May 7, 2019.
  27. "Family Business Program & Awards". Montana State University. Retrieved January 14, 2016.
  28. "Orser Executive Speakers Forum". Montana State University. Retrieved January 14, 2016.
  29. "Women's Circle of Excellence". Montana State University. Retrieved January 15, 2016.
  30. Eichenwald, Kurt (October 18, 1998). "He Blew the Whistle, And Health Giants Quaked". New York Times. Retrieved January 14, 2016.
  31. "Google senior law enforcement and security counsel to speak Oct. 26 at MSU". Montana State University News Service. October 3, 2017. Retrieved May 7, 2019.
  32. Cowley, Stacy (June 17, 2015). "A Survey Finds Montana a Hotbed of Entrepreneurship". New York Times. Retrieved January 15, 2016.
  33. Pickett, Mary (March 8, 2011). "Billings oilman had front-row seat on Libyan politics". Billings Gazette. Retrieved January 15, 2016.
  34. "The Seattle Public Library Foundation". Retrieved January 15, 2016.

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