"Have a Coke and a smile" means more to Emory University than it does to the rest of the world. The school, which has some 13,300 students and about 12,500 staff and faculty members, has a very low student-teacher ratio of about 7:1. It changed from Emory College to Emory University in 1915 thanks to a $1 million donation from Coca-Cola Company owner Asa Candler. The university offers undergraduate, graduate, and professional degrees in fields including medicine, theology, law, and business. Founded in 1836, the university also maintains research centers and partners with HCA to offer managed health care. Nearly 90% of Emory University's graduate students were pursuing a PhD in 2009-2010.
The school's annual operating budget is more than $3 billion, of that about $1.4 billion is slated for the university's use and another $1.6 billion goes toward Emory Healthcare's expenses.
Emory is a leading research university and as such operates numerous research centers, institutes, and programs studying a variety of disciplines. It annually receives millions of dollars in research funding. In 2010 alone it was granted $535 million in research funding awards, 500 million in health sciences research funding awards, and more than $395 million in federal research funding awards, with more than $350 million coming from the National Institutes of Health.