The DeGroote School of Business is one of six faculties at McMaster University in Hamilton, Ontario, Canada. The School of Business was founded in 1952 but was renamed in 1992 in honour of successful Canadian entrepreneur and philanthropist Michael G. DeGroote. The DeGroote school offers (Hon) B.Commerce, MBA and Ph.D. degrees.The current dean is Dr. Leonard Waverman.The business school is accredited by the Association to Advance Collegiate Schools of Business (AACSB).Commerce ProgramThe school offers a Bachelor of Commerce degree. The program's first two years provide a foundation of business, while the latter two years are for specialization in a functional business area. Once students have completed their second year at the school, they are then admitted to either the honours commerce program or to the regular B.Comm program. To enter into the honours program, students must have completed all required courses with no failures and have a cumulative average of at least 5.0. After the third year, DeGroote Commerce students have an internship option, with a term of 12 to 16 months. Partners for the internship program include Procter & Gamble, RBC, CIBC, CPPIB, Dofasco, Manulife, Deloitte, IBM, Microsoft, Ford and others.