October 2, 2008

Bentley College Becomes Bentley University


Contact: Michele Walsh, +1-781-891-2070, [email protected], or Helen Henrichs, +1-781-891-2277, [email protected], both of Bentley University

WALTHAM, Mass., Oct. 2 /PRNewswire-USNewswire/ -- The Bentley Board of Trustees announced today that the college has received approval from the Massachusetts Board of Higher Education (MBHE) to change its designation and name to become Bentley University, effective October 2, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081002/DC36626LOGO)

"This is a landmark event in Bentley's history as our leadership in business education and research is once again recognized," said Gloria Cordes Larson, Bentley President. "Bentley has become the model of a 21st Century business university. With a comprehensive and highly integrated business and arts & science curriculum; industry leading technology facilities and expertise; and innovative teaching and research agendas, Bentley has been operating at the level expected of a university and we are extremely pleased that the MBHE has recognized that."

"In today's economic climate, our mission -- to develop the next generation of global business leaders who can perform at a high level in complex environments in a responsible and ethical manner, a manner that understands and respects the broader social, political and environmental circumstances -- couldn't be more relevant. The events in the financial markets of the last two weeks have provided a compelling lesson in how important such leadership is now and in the future," added Larson.

Bentley's management team made a commitment several years ago to lay the foundation that would create university-level credentials in key strategic areas. Investments were made in the creation of two distinctive PhD programs, a highly integrated undergraduate program that combines business with the liberal arts and offers a second major in Liberal Studies, and wide ranging interdisciplinary research.

In addition to expanding its academic and research programs, Bentley has also made considerable investments in its physical facilities over the last 10 years including a state-of-the-art library and high tech labs, including the renowned Trading Room in the Hughey Center for Financial Services; residence halls; a student center; and a renovated and expanded athletic facility. There has also been significant growth in the school's endowment, donor contributions, applications and program enrollments.

In 2005 Bentley introduced the Liberal Studies Major -- a first- of-its-kind program for a business school. This unique program gives students the opportunity to major in business and the liberal arts, and receive credentials in both. As of the fall semester 2008, more than 500 undergraduates have enrolled in this optional program. In the same year Bentley's PhD programs in Business and Accountancy were introduced, attracting highly qualified students from around the world including Canada, China, France, Germany, India, Israel, Japan, Taiwan and Turkey, as well as from the United States.

Bentley Provost Robert D. Galliers states, "We believe the hallmark of a first rate business university is faculty research that informs teaching and impacts practice. We see teaching and research as mutually reinforcing and, as a university, this will continue to be the case."

Bentley faculty pursue a rigorous agenda of research on topics that have a clear impact on business and societal issues including boardroom bias, e-politics, terrorism, financial markets, cyberlaw, enterprise systems, offshoring, service operations and knowledge management, to name but a few examples.

Bentley has been nationally and internationally recognized for its uncommon approach to business education. The Carnegie Foundation recently chose Bentley as one of a few institutions to study based on the distinctive ways the school approaches business and liberal arts learning. Since business is now the largest undergraduate major in the country, it has become a pivotal area for further study and innovation. The Carnegie team concluded that, "after reviewing dozens of undergraduate business programs, Bentley offers one of the strongest and most interesting examples of integrating business education and liberal learning." As a result, the research group expects to highlight Bentley's methods in a book addressing this important academic topic.

Galliers adds, "The business university concept that fully integrates arts and sciences is one that has been developed and promoted extensively at Bentley; with 40% of our 270 fulltime faculty in the Liberal Arts, we clearly demonstrate our commitment to integrating business with the arts & sciences."

Most recently, Bentley underwent a rigorous review by the European Foundation for Management Development (EFMD) and was awarded the prestigious EQUIS accreditation, becoming one of only two business schools in the U.S. and 113 worldwide, to earn this distinction. EQUIS is the leading international system of quality assessment, improvement and accreditation of higher education institutions in Management and Business Administration.

Bentley is also accredited by The Association to Advance Collegiate Schools of Business (AACSB International), making it just one of 50+ institutions worldwide to have earned both EQUIS and AACSB accreditation. The university is also accredited by the New England Association of Schools and Colleges Inc. (NEASC).

BENTLEY UNIVERSITY is a leader in business education. Centered on teaching and research in business and related professions, Bentley blends the breadth and technological strength of a university with the core values and student focus of a close-knit campus. Our undergraduate curriculum combines business study with a strong foundation in the arts and sciences. The McCallum Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and custom executive education programs. Located minutes from Boston in Waltham, Massachusetts, the school enrolls approximately 4,000 full-time undergraduate, 250 adult part-time undergraduate, 1,400 graduate, and 30 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International - The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System (EQUIS), which benchmarks quality in management and business education.

SOURCE Bentley University

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