The University of Arizona Eller College of Management announced today that it will be moving from its satellite location in north Scottsdale to downtown Phoenix.

The Eller College will occupy classroom and office space on the campus of the UA College of Medicine – Phoenix, located at 550 E. Van Buren St. The location will be home to two of Eller’s part-time MBA programs for working professionals: the Evening MBA and the Executive MBA, which are designed for managers with 3-plus years of experience and seasoned executives, respectively.

Between the two programs, the campus will serve about 170 MBA students annually.

“We are thrilled that Eller will be a part of the exciting things happening in downtown Phoenix,” said Len Jessup, dean of the Eller College. “The College of Medicine has established beautiful facilities that will give our professional MBAs access to high-tech working classroom space and a true campus experience.”

City of Phoenix’s Mayor Greg Stanton also supports the move.

“It’s incredibly exciting that Eller is opening its doors in downtown Phoenix, where we continue to offer the highest-rated education opportunities in the state within just a few blocks of each other,” Stanton said. “Eller graduates are top-notch, and exactly the kind of professionals we want as a part of our community.”

Access to graduate management education is one of many factors that contribute to greater Phoenix’s long-term competitiveness, added Don Budinger, chairman and founding director of The Rodel Foundations and board member of Greater Phoenix Economic Council and Greater Phoenix Leadership.

“The University of Arizona’s downtown programs offer excellent options for working professionals who are considering an MBA.”

Last week, in the U.S. News & World Report ranking of graduate programs, the Eller Evening MBA rose 21 slots, from No. 46 to No. 25 nationwide. The college is recognized for its leadership in entrepreneurship and management information systems, which consistently rank in the top 10 among undergraduate and graduate programs nationally.

Applications are being accepted now for the Executive MBA program that will begin in August at the downtown campus. A new class of Evening MBA students will begin at the location in January.

“Downtown offers a central location, with easy access for those already working in the area, as well as public transportation options. Our students frequently come together for team meetings, and the medical campus offers great collaboration space,” said Hope Schau, associate dean of MBA programs.

The Eller College began offering its MBA programs in the Phoenix area in 2006, with the launch of the Executive MBA program in Scottsdale. Since 2007, the college has held classes at a satellite campus just east of the Loop 101 in the McDowell Mountain Business Park, at 16425 N. Pima Road.

The college will open its downtown Phoenix location in late August or September. The Executive and Evening MBA students scheduled to complete their programs this year will remain at the Scottsdale campus. The Evening MBA class of 2015 will relocate to the downtown campus on Sept. 1.