Yes, your suspicions are correct--the University of Arkansas' Walton College of Business is named for the Wal-Mart magnate. While the college was initially founded in 1926, it wasn't until 1998 when the Walton Family Charitable Support Foundation gifted the college with $50 million that the Sam M. Walton College of Business Administration was established. Shortened to become the Sam M. Walton College of Business in 2000, today the school offers a full-time MBA program and a part-time managerial MBA program. The MBA program offers several career tracks: retail marketing management, supply chain management, financial management and entrepreneurship and innovations. The program also emphasizes its focus on 'Sam Walton's Golden Triangle' information systems, logistics and marketing.

The admissions process is a 'strict' one, Vault Buzz Book respondents say. If you do get in, however, expect the program to be relatively accommodating. The school is 'incredibly flexible to give the student the opportunity to pursue a part-time job opportunity,' one respondent says. Plus, 'cost of living is cheap' and 'students typically can manage on the stipends they receive from the university.' Just expect to spend most of your time studying, not partying--Fayetteville is a 'very small city with no big distractions' that will likely keep you 'focused on studies.'