University of Arkansas

Walton College

The Sam M. Walton College of Business

Campus

Mission, Vision and History

Mission

The mission of the Sam M. Walton College of Business is to advance and disseminate business knowledge using a diverse, inclusive, and global perspective and to encourage innovation in our primary strategic endeavors: Retail, Data Analytics, and Entrepreneurship.

Values

Excellence: We are driven to be the best in everything we do.

Professionalism: We operate with integrity, humility, respect, and inclusion.

Innovation: We imagine possibilities, we create, and we inspire others.

Collegiality: We respect each individual, we value our differences, and we welcome all.

Be Epic.

Vision

Through our teaching, research, and service, the Sam M. Walton College of Business will be a thought leader and a catalyst for transforming lives in Arkansas, the United States and the world.

Credo




Historical Timeline





1926

1926

The School of Business Administration opens it's doors on the 3rd floor of Old Main.

Charles C. Fichtner, the first dean, presides over 21 students, and four faculty members.

The School offers thirty-six courses in business administration, economics and sociology.

Curricula are available in accounting, banking and finance, general business, industrial management and marketing.


commerce building ozark hall 1928

1928

The School of Business moves to the old College of Engineering building, which is renamed the Commerce Building


business classes in the commerce building

1930

Master of Science in Business Administration (MSBA) program established


Old Main

1931

American Association of Collegiate Schools of Business Administration (now titled the Association to Advance Collegiate Schools of Business – AACSB International) accreditation is awarded to the undergraduate degree program.

School of Business renamed the College of Business Administration

Tuition: $25/semester


Beta Gamma Sigma Arkansas

1932

A University of Arkansas Alpha chapter of Beta Gamma Sigma is founded, the oldest and most prestigious academic honor society for business students.


Commerce Guild Ticker

1937

The Guild Ticker, a publication established by the Commerce Guild, is also known as the Ticker. Although its purpose is primarily for students, it is sent to various industries in Arkansas. The Commerce Guild and Guild Ticker continue to be a tradition until the mid-1960s.


1943

1943

Bureau for Business and Economic Research is formed, to engage in grants and contracts for federal, state and local government research and to provide support for faculty research.


Dean Paul Milam

1943

Paul W. Milam becomes Dean of the College of Business.


women students

1944

Wartime enrollment dips to 195, down from approximately 500 business students in 1941.

Female business students outnumber male students 2:1 during the 1944-45 school year.


Neil Martin World War Pilot

1946

Post-war enrollment exceeds 700 students for the 1946-47 school year.

Among 700+ students, 420 are returning veterans.


banquet

1950

Doctor of Philosophy in economics established

MSBA degree re-designated as Master of Business Administration (MBA)


Doris Cook

1951

The Alpha Iota Chapter of Beta Alpha Psi, an honorary accounting fraternity, is installed by Professor Doris Cook.


Harold Dulan

1954

Finance Professor Harold A. Dulan, Law Professor E.J. Ball, and MBA graduate Lewis Callison create the nations first commercial variable annuity life insurance company and sell the first commercial variable annuity ever offered to the U.S. public.


1959

1959

Doctor of Philosophy in Business Administration established


registration 1963

1963

MBA degree accredited by the AACSB during the first year of accreditation of any masters program.


Dean John P Owen

1967

John P. Owen becomes Dean of the College of Business


Raymond Rebsamen

1971

Professor Robert Kennedy starts portfolio management class with $100,000 fund established by Raymond Rebsamen. It becomes one of the oldest, best funded and most comprehensive portfolio management classes in the country.


Sam and Helen Walton

1973

Sam and Helen Walton establish the Walmart Faculty Fund in Marketing


campus

1975

Master of Science in Accountancy established


wcob-building-opening-reception

1978

Walton College moves to its present location on Ozark Avenue. Business Building (WCOB) completed at a cost of $5 million.

Bessie B. Moore Center for Economic Education formed, to provide economic education and understanding to elementary and secondary school teachers.


sidewalk

1979

Small Business and Technology Development Center is formed, to counsel and train small business owners and managers on sound business practices, and new business techniques.


Lloyd Seaton

1983

Lloyd Seaton becomes Dean of the College of Business


computer lab 1984

1984

Center for Executive Education is formed, to provide continuing education for middle and upper level managers


accounting

1985

All accounting programs are AACSB accredited.


lab

1992

National search initiated for dean after creation of two endowments to support that role


Doyle Williams

1993

Intensive strategic planning, involving faculty, staff and students, began with aid of Andersen Consulting

First College “block party” held to welcome new and returning students

Dean Doyle Z. Williams hired from USC. Goals for diversity, enrollment growth, entrepreneurship, stakeholder ties, global economy and organizational productivity

Capital Campaign for Arkansas announced


jerry jones commencement

1994

 

Honors Banquet established to annually recognize outstanding students and faculty, and later, staff and alumni

Distinguished Speaker Series established to expose students, faculty and staff to thought leaders in business and politics

Dean’s Executive Advisory Board established as a forum for feedback from the business community

Master of Science in Accountancy redesigned and renamed the Master of Accountancy (MAcc)

Academic standards increased and assessment methods proposed

Faculty and student breakfasts held monthly with Dean for information, sharing and networking

International Programs office created to advance strategic goal of globalization


luncheon

1995

Undergraduate Curriculum and Assessment Committee and Masters Advisory Committee established

Business Alumni Advisory Council created to serve as ambassadors for the Walton College

Dean’s Student Advisory Board established to represent students’ concerns to college administration

Expanded program to offer the business degree and a business minor through night and summer classes

Business Forecast Luncheon created to engage business community on economic issues

Department chair positions created with renewable five-year appointment terms

Accounting Careers Awareness Program developed for minority high school seniors to increase diversity of enrollment

Vision 2000 adopted

College received Arkansas Commitment to Quality Award


campus

1996

Major changes to accounting curriculum and new MBA framework proposed

Walton College Career Center established.

Supply Chain Management Research Center formed, to provide a direct link between the private sector and University of Arkansas supply chain resources

Major gift of $6.7 million announced to build Reynolds Center for Enterprise Development to support outreach and economic development


block party

1997

Faculty Personnel Document establishes expectations for faculty teaching, research and service

UA Board of Trustees passes a resolution supporting S.A.K.E., Students Acquiring Knowledge through Enterprise.

AACSB accreditation renewed for business and accounting


Walton Family Foundation Gift

1998

A $50 million gift, the largest upfront cash gift ever given to a public business college, is given by the Walton Family Charitable Support Foundation for student and faculty endowments, research centers, technology and other needs

College named Sam M. Walton College of Business Administration

Opening of the Donald W. Reynolds Center for Enterprise Development, a conference center.

Center for Retailing Excellence formed, to focus on research and the development of students as future leaders in the retailing and related industries

Freshman Business Connections implemented as a first-year experience to increase student retention

Established Students in Free Enterprise (SIFE) chapter established to teach students leadership, teamwork and communication skills

Business Giants Forum established to allow student interaction with CEOs in a question and answer format

Differential tuition approved for graduate students

Graduate School of Business is created to oversee all Master and Doctoral programs in the Business College.


arkansas business hall of fame

1999

Information Technology Research Center, and the Honors Program, are established.

College ranked 48th in public undergraduate business schools in U.S. News and World Report ranking

Branding exercise pursued with external consultants to increase recognition of College

Arkansas Business Hall of Fame launched to recognize exceptional Arkansas business leaders

Renovated College classrooms to provide standard suite of technology in each classroom


finance

2000

Bachelor of Science in International Business introduced

College tied for 36th in public undergraduate programs in U.S. News and World Report ranking

S.I.F.E. Team places first in world for “BizWorld” program


advising

2001

Planning began for increasing admission standards over a period of years

Plans developed for new graduate business building

Students win Arkansas Governor’s Award for Entrepreneurial Development competition

Vision 2005 adopted

Campaign for Twenty-First Century announced


Paul Cronan

2002

Proposal developed to form Business Alumni Society

Technology gifts from IBM, NCR, and SAP helped expand the enterprise computing curriculum

U of A received $300 million gift from Walton Family Charitable Support Foundation


grads

2003

Lead gift of $8 million for Graduate Business Building announced

Received Department of Justice and NSF awards totaling $1.1 million

College tied for 28th in public undergraduate programs in U.S. News and World Report ranking

Entrepreneurial Spirit Forum created to engage students with entrepreneurs

Proposal developed to change Managerial MBA to blended online format


old-logo

2004

College tied for 25th in public undergraduate programs in U.S. News and World Report ranking

Dean Doyle Z. Williams elected to chair AACSB International

Walton College Credo adapted

Plans developed for strengthening doctoral program


Dean Dan Worrell

2005

MBA program ranked 45th by U.S. News and World Report ranking

National search initiated for new dean after Doyle Z. Williams announces retirement

Walton College and the Department of Accounting are reaccredited by AACSB International

UA Campaign for the Twenty-First Century completed with a total of $1.046 billion in gifts and pledges

Dr Dan Worrell becomes Walton College Dean


Willard J Walker Hall

2007

Willard J. Walker Hall is opened, made possible by an $8 million lead gift from the Pat and Willard Walker Charitable Foundation.

J.B. Hunt Transport Services Center for Academic Excellence is opened, funded by a $10 million gift from J.B. Hunt Transport Services Inc.

Garrison Financial Institute created, to advance financial education and knowledge through practice.

Tyson Center for Faith and Spirituality in the Workplace is formed, to work with students, faculty and the business community to embrace faith and spirituality in the workplace




Eli Jones

2012

Dr Eli Jones becomes Walton College Dean

Business Analytics Certificate program is created


Old Main at night

2014

Fully online program becomes available for Bachelor of Science in Business Administration.


MBA ranked number 1

2015

Walton MBA program ranks number one in the nation for percentage of students employed upon graduation, as reported by U.S. News and World Report in 2014 and 2015.


Matt Waller

2016

Dr Matthew Waller becomes Walton College Dean

McMillon Innovation Studio, an interactive, open-to-the-public university retail lab is created, funded by a $1 million gift from Doug and Shelley McMillon



Leadership History

Together, with a strong faculty and excellent students, these administrators have each forwarded the Walton College's dedication to continued academic excellence.

  • Dean Charles C. Fichtner (1926-1940)
  • Dean Karl M. Scott (1941-1943)
  • Dean Paul W. Milam (1944-1966)
  • Acting Dean Merwyn G. Bridenstine (1966-1967)
  • Dean John P. Owen (1967-1983)
  • Dean Lloyd Seaton (1983-1989)
  • Dean Stan Smith (1989-1992)
  • Interim Dean Thomas McKinnon (1992-1993)
  • Dean Doyle Z. Williams (1993-2005)
  • Dean Dan L. Worrell (2005-2012)
  • Dean Eli Jones (2012-2015)
  • Dean Matthew A. Waller (2015 to present).