Cornell University is known for its seven varied, challenging undergraduate colleges. The university has looked relatively the same - with the seven undergraduate colleges - for a while, but now things are changing. In a recent announcement, Cornell University stated that it is currently in the process of establishing a new College of Business. The seven schools that currently exist are the College of Agriculture and Life Sciences, the College of Architecture, the College of Arts and Sciences, the College of Engineering, the School of Hotel Administration, the School of Human Ecology, and the School of Industrial Labor and Relations. So what does this new College of Business have to offer, and what does it mean for the existing schools in the university?

A home for business management and entrepreneurship, this new prestigious school will be up and running in the next academic year with 145 faculty and close to 3,000 students. Current Business majors and minors are in the Dyson School within the College of Agriculture and Life Sciences (CALS), and when the College of Business is launched, the Dyson School will reside in both colleges.

Officially the College of Business has not yet been approved by the Board of Trustees, but the Board will meet sometime this month to discuss the plan for the new college and come to a final decision. Once approved, the new college will bring faculty and students together to “achieve the full potential of its business programs,” according to Provost Michael Kotlikoff. Additionally, the school will have more to offer, such as more opportunity for students to work with a wide network of faculty and graduate students. The college will allow for more cross-disciplinary research in addition to helping students develop corporate relationships and fully prepare them to enter the professional business world.

The new College of Business aims to take Cornell’s business program to another level, and it will be incredibly beneficial to thousands of undergraduate students in the years to come.