UIUC College of Business


UIUC College of Business

Infobox_University
name = University of Illinois College of Business


motto = Knowledge. Innovation. Leadership.
established = 1915
endowment = US $87.4 million (2007)cite web
last =
first =
title = Businessweek 2008 College Profile:University of Illinois
url=http://www.businessweek.com/bschools/rankings/full_time_mba_profiles/illinois.html
accessdate = 2008-04-14
]
type = Public business school
dean = Lawrence DeBrock (interim)
city = Champaign
state = IL
country = USA
students = 3739
undergrad = 2804
postgrad = 935
affiliations = University of Illinois
website = [http://www.business.illinois.edu/ www.business.illinois.edu]
The College of Business is the business school at the University of Illinois at Urbana-Champaign. It offers programs in accountancy, business administration, and finance.

The undergraduate and graduate accounting programs are regularly ranked as the best in the country by "U.S. News & World Report" [ [http://www.business.illinois.edu/accountancy/about/rankings.html Department of Accountancy Rankings] ] . The accounting programs also consistently rank within the top five of the "Public Accounting Report". The Chronicle of Higher Education ranked the Department of Finance third in faculty scholarly research productivity.

College History

The University Senate approved the College of Commerce and Business Administration on June 9, 1914 at the request of David Kinley, a University Vice-President who would later serve as President of the University of Illinois.cite web
last =
first =
title = Department of Economics, University of Illinois at Urbana-Champaign: History
url=http://www.economics.uiuc.edu/department/index.htm
accessdate = 2008-05-19
] The College was officially formed on April 27, 1915 through a vote of the University of Illinois (UI) Board of Trustees "(see governance in higher education)". The college began with three departments: Economics, Business Organization and Operation, and Transportation.cite web
last =
first =
title = UIUC Library Archives: Business
url=http://web.library.uiuc.edu/ahx/uaccard/adminhist/showrg.asp?rg=9
accessdate = 2006-09-05
] The college underwent a major reorganization which began in 1951. At the time, several faculty from economics wanted their department housed in the College of Liberal Arts and Sciences (LAS). The proposal failed and the department stayed within the college until 2003 at which time it found a home in the College of LAS. In the same year, the college changed its name to the College of Business.

In 1913, prior to the College's formation, representatives of the University met in Madison, Wisconsin along with representatives from the University of Wisconsin-Madison and the University of California, Berkeley to establish the Beta Gamma Sigma honor society.cite web
last =
first =
title = History of Beta Gamma Sigma
url=http://www.betagammasigma.org/history.htm
accessdate = 2008-05-22
] The College has continued its involvement with the honor society and H. T. Scovill, a former accountancy professor and head of the Department of Business Organization and Operation, has previously served as the society's president.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2008-05-22
]

Campus

The College of Business maintains two campuses, one in Champaign, Illinois and one in Chicago, Illinois.

Champaign

The Champaign campus is located south of Armory Street and is divided by Sixth Street. This is the current home of the College of Business. When the College was first formed, however, it occupied the Commerce Building, now the East half of the Administration Building on the Main Quad.cite web
last =
first =
title = Department of Economics, University of Illinois at Urbana-Champaign: History
url=http://www.economics.uiuc.edu/department/index.htm
accessdate = 2008-06-13
] The Commerce building, dedicated in 1913, was built at a cost of $100 thousand.

The College currently occupies three buildings: David Kinley Hall, Wohlers Hall, and The Survey Building. This area is known as the Business Quad and is considered part of the South Campus. Wohlers Hall, formerly known as Commerce West was built in 1963.cite web
last =
first =
title = Wohlers’ Generosity to Fund Reconstruction of Commerce West
url=http://www.business.uiuc.edu/development/archive/wohlers.pdf
accessdate = 2008-06-13
] A naming gift of $6 million was provided by Albert H. and Jane Wohlers in 2000 for renovations.cite web
last =
first =
title = Wohlers Hall to be dedicated Sept. 21
url=http://www.news.uiuc.edu/news/00/0918wohlers.html
accessdate = 2008-06-13
] The September 21 dedication highlighted technology enabled classrooms, a dean's suite, a laboratory research suite, and a lecture hall.

The Business Instructional Facility, approved by the UI Board of Trustees on July 14, 2004, is being constructed opposite of Wohlers Hall on Sixth Street.Citation
last1 = | first1 =
last2 = | first2 =
contribution = Transactions of the Board of Trustees
title = Seventy Third Report
contribution-url = http://www.uillinois.edu/trustees/minutes/2004-2006%20Biennial/0406BOARD%20MINUTES%20NO%20INDEX.pdf
publisher = University of Illinois
pages = 373-374
year = 2006
.] The new 153,900 sq. ft building will house the MBA program, Undergraduate Affairs Program, and the Accountancy Program. The $62 million project, designed by architect Cesar Pelli, has "green", environmentally friendly elements.Citation
last1 = | first1 =
last2 = | first2 =
contribution = Transactions of the Board of Trustees
title = Seventy Third Report
contribution-url = http://www.uillinois.edu/trustees/minutes/2004-2006%20Biennial/0406BOARD%20MINUTES%20NO%20INDEX.pdf
publisher = University of Illinois
pages = 373-374
year = 2006
.] cite web
last =
first =
title = Business Instructional Facility Home
url=http://www.business.uiuc.edu/instructional_facility/index.htm
accessdate = 2008-04-18
]

Chicago

The Chicago campus is located within the Illini Center on 200 S. Wacker Drive. The location puts the campus within the heart of the Chicago Loop. The center is across the street from the Sears Tower and across the Chicago River from Union Station. The faculty of the campus administer the college's Executive MBA and M.S. of Taxation programs.

The campus is not to be confused with the business school at the University of Illinois at Chicago. The two schools remain separate, distinctive entities.

Departments

The College of Business houses three departments: accountancy, business administration, and finance. The three departments are quite independent in their administrative process.

Accountancy

The Department of Accountancy was founded in 1953.cite web
last =
first =
title = University of Illinois Board of Trustee Archives
url=http://www.uillinois.edu/trustees/search/index.cfm
accessdate = 2008-04-14
] It offers B.S., M.A.S., M.S. Accountancy, M.S. Tax (Chicago), and Ph.D. degrees.

The University offered courses in accounting before the creation of the University of Illinois at Urbana-Champaign College of Business. The courses were offered through the Department of Economics from 1902 to 1915.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2008-04-14
] The college began the first Ph.D. program in 1938 and has graduated more accountancy Ph.D. candidates than any other accountancy department in the United States.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
] After the formation of the college, the accountancy program was moved into the Department of Business Organization until the Department's reorganization in the 1950s.

In 1919, H. T. Scovill helped establish the Beta Alpha Psi accounting honor society.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
] The College currently houses the Beta Alpha Psi alpha chapter.

Vernon K. Zimmerman Center

The Vernon K. Zimmerman Center was originally formed in 1962 as the Center for International Education and Research in Accounting (CIERA). The Center promotes the understanding of international accounting topics, coordinates an annual conference, and publishes the "International Journal of Accounting".

The Center was renamed on September 20, 2002 after Professor Vernon K. Zimmerman, an advocate for the Center's formation. Professor Zimmerman later became the Center's director in 1965, and the dean of the college in 1971.

KPMG/University of Illinois at Urbana-Champaign Business Measurement Research Program

On January 30, 2002, the Department of Accountancy partnered with Big Four accounting firm KPMG to create the KPMG/UIUC Business Measurement Research Program.cite web
last =
first =
title = KPMG-UIUC Research Program Homepage
url=http://www.business.uiuc.edu/kpmg-uiuc/
accessdate = 2008-04-14
] KPMG partially funded the program with a $2.8 million pledge. The initiative explores measurement, reporting and assurance as they pertain to today's accounting environment. The program was the driving force behind two monographs, "Auditing Organizations through a Strategic Systems Lens" and "The 21st Century Public Company Audit", and several strategic systems auditing cases.

Business Administration

The Department of Business Administration was founded in 1968 through the mergers of the Department of Industrial Administration and Marketing and the Graduate School of Business Administration.cite web
last =
first =
title = University of Illinois Board of Trustee Archives
url=http://www.uillinois.edu/trustees/search/index.cfm
accessdate = 2008-04-11
] The Department awards B.S., M.S. in Technology Management (M.S. Tech), M.B.A., and Ph.D. degrees. The Executive MBA program is offered at two locations: the Chicago campus and Warsaw, Poland in conjunction with the University of Warsaw.

The MS-Tech program encompasses a set of technology management courses. Course topics include intellectual property management, managing innovation, new product development, project management, simulation and risk analysis, supply chain management, and technology strategy.cite web
last =
first =
title = MS Tech Website
url=http://www.ms-tech.uiuc.edu
accessdate = 2008-04-14
]

Finance

In 1957, the UI Board of Trustees approved the Dean's proposal to create a Department of Finance.cite web
last =
first =
title = University of Illinois Board of Trustee Archives
url=http://www.uillinois.edu/trustees/search/index.cfm
accessdate = 2008-04-11
] The Department currently offers B.S., M.S.F., and Ph.D. degrees. The Department offers specilizations in banking and financial institutions; corporate finance; financial engineering; investment and portfolio management; real estate and urban economics; and risk management and insurance.

The M.S.F. program began in 1958.cite web
last =
first =
title = MSF Program recognized as CFA Program Partner
url=http://www.business.uiuc.edu/publications/news_item.aspx?ID=354
accessdate = 2008-04-11
] In 2008, the CFA Institute announced the M.S.F. program's inclusion as CFA Program Partner. The deputy CEO of the CFA Institute, Bob Johnson, noted, "Students in this program are exposed to the Candidate Body of Knowledge, concepts and principles that have been identified by investment experts worldwide as essential to global practice".

Alumni

The University of Illinois at Urbana-Champaign College of Business has many notable alumni that have excelled in academia, business, and politics. Alumni are denoted by their area of study: accountancy (Accy), business administration (BAdm), finance (Fin), or general/unassigned (Gen).

Academia

*William L. Barnes, Ph.D. (Accy) 1958 — Former Dean and Head of Accounting, University of Iowa.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Leslie J. Buchan, Ph.D. (Accy) 1943 — Former Dean, Tulane University and former Vice-President, Washington University.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Raymond C. Dockweiler, Ph.D. (Accy) 1969 — Head of Accounting, University of Missouri.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Nicholas Dopuch, Ph.D. (Accy) 1961 — Former Head of Accounting, Washington University.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Walter G. Kell, Ph.D. (Accy) 1952 — Former Head of Accounting, University of Michigan.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*H. Fred Mittelstaedt, Ph.D. (Accy) 1987 — Chair of Accounting, University of Notre Dame [http://web2.business.nd.edu/faculty/faculty_bio_dmpage.cfm?who=hmittels University of Notre Dame Mendoza College of Business Biography] ]
*Sybil C. Mobley, Ph.D. (Accy) 1964 — Dean and Head of Accounting, Florida A&M.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Donald E. Kieso, Ph.D. (Accy) 1963 — Former Head of Accounting, Northern Illinois University.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Rober E. Schlosser, Ph.D. (Accy) 1955 — Former Head of Accounting, University of Delaware.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Donald H. Skadden, Ph.D. (Accy) 1955 — Former Head of Accounting, University of Michigan.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Karl F. Skousen, Ph.D. (Accy) 1968 — Dean and Head of Accounting, Brigham Young University.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Robert J. Swieringa, Ph.D. (Accy) 1969 — Dean, Cornell University and former member of the Financial Accounting Standards Board.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
] .
*Doria Tremblay, Ph.D. (Accy) 1966 — Head of Accounting, Université Laval.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Jerry J. Weygandt, Ph.D. (Accy) 1968 — Former Head of Accounting, University of Wisconsin-Madison.cite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Floyd W. Windal, Ph.D. (Accy) 1959 — Former Head of Accounting, University of Georgiacite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]

Business

*Harry O. Bercher, B.S. (Gen) 1928 — Former President, International Harvester Companycite web
last =
first =
title = University of Illinois Office of Public Affairs List of Prominent Alumni
url= http://publicaffairs.uiuc.edu/facts/promalumni.htm
accessdate = 2008-04-18
]
*Harold Boeschenstein, B.S. (BAdm) 1920 — Former President, Owens-Corning Fiberglass Corporationcite web
last =
first =
title = University of Illinois Office of Public Affairs List of Prominent Alumni
url= http://publicaffairs.uiuc.edu/facts/promalumni.htm
accessdate = 2008-04-18
]
*Jim Cantalupo, B.S. (Accy) 1966 — Former Chairman and CEO of McDonald's (1991-2004)
*Robert H. Frank, B.S. (BAdm) 1964 — President, Walt Disney Studios
*Mark Hogan, B.S. (BAdm) 1973 — President, Magna International Inc.; Former General Manager, General Motors North Americacite web
last =
first =
title = University of Illinois Office of Public Affairs List of Prominent Alumni
url= http://publicaffairs.uiuc.edu/facts/promalumni.htm
accessdate = 2008-04-18
]
*George E. Keck, B.S. (Gen) 1932 — President, United Air Lines, Inc. [http://www.uiaa.org/urbana/awards/achievement.html University of Illinois Alumni Association Alumni Achievement Award] ]
*Michael Krasney, B.S. (Fin) 1975 — Founder and former CEO, CDW Corporationcite web
last =
first =
title = University of Illinois Office of Public Affairs List of Prominent Alumni
url= http://publicaffairs.uiuc.edu/facts/promalumni.htm
accessdate = 2008-04-18
]
*George H. Lesch, B.S. (Gen) 1931 — Chairman of the Board, Colgate-Palmolive Company [http://www.uiaa.org/urbana/awards/achievement.html University of Illinois Alumni Association Alumni Achievement Award] ]
*Thomas Murphy, B.S. (Accy) 1938 — Former Chairman, General Motors
*Matthew Paull, M.A.S. (Accy) 1975 — CFO, McDonald's [http://www.cfo.com/article.cfm/9539426?f=search CFO.com: Why McDonald's CFO Is Heading for Academia] ]
*Leslie B. Worthington, B.S. (Gen) 1923 — Former President, U.S. Steelcite web
last =
first =
title = University of Illinois Office of Public Affairs List of Prominent Alumni
url= http://publicaffairs.uiuc.edu/facts/promalumni.htm
accessdate = 2008-04-18
]
*John D. Zeglis, B.S. (Fin) 1969 — Former President, AT&T; Former Chairman and CEO of AT&T Wireless

Government and politics

*Andrew Barr, B.S. (Accy) 1923, M.S. (Accy) 1924 — Chief Accountant, Securities and Exchange Commissioncite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Charles Bowsher, B.S. (Accy) 1953 — Comptroller General of the United States, Government Accountability Officecite paper
author = Bedford, Norton M.
title = A History of Accountancy at the University of Illinois at Urbana-Champaign
version =
publisher = Center for International Education and Research in Accounting
date = 1997
url = http://www.business.uiuc.edu/accountancy/about/history.pdf
format = PDF
accessdate = 2006-09-05
]
*Rafael Vicente Correa Delgado, 1999, 2001 — President and former Finance Minister, Republic of Ecuador
*Conrad Hewitt, B.S. (Fin) 1958 — Chief Accountant, Securities and Exchange Commissioncite web
last =
first =
title = University of Illinois Office of Public Affairs List of Prominent Alumni
url= http://publicaffairs.uiuc.edu/facts/promalumni.htm
accessdate = 2008-04-18
]
*David F. Linowes, B.S. (Accy) 1941 — Professor, Political Economist, Consultant to U.S. Presidents [http://www.uiaa.org/urbana/awards/achievement.html University of Illinois Alumni Association Alumni Achievement Award] ]
*Samuel K. Skinner, B.S. (Accy) 1960 — Secretary of Transportation (1989-1991); White House Chief of Staff during the George H. W. Bush Administration (1992)

Other

*Wilma L. Vaught, B.S. (BAdm) 1952 — Retired Brigadier General, United States Air Forcecite web
last =
first =
title = National Women's Hall of Fame Biography: Wilma Vaught
url=http://www.greatwomen.org/women.php?action=viewone&id=160
accessdate = 2006-04-18
]

References

ee also

*List of United States business school rankings
*List of business schools in the United States

External links

* [http://www.business.uiuc.edu UIUC College of Business Homepage]
* [http://www.business.uiuc.edu/accountancy/news_accountancy/news_home.aspx UIUC Department of Accountancy Homepage]
* [http://www.business.uiuc.edu/ba/ UIUC Department of Business Administration Homepage]
* [http://www.business.uiuc.edu/finance/ UIUC Department of Finance Homepage]
* [http://www.betagammasigma.org/ Beta Gamma Sigma Homepage]
* [http://www.bap.org/ Beta Alpha Psi Homepage]
* UIUC College of Business is at coordinates coord|40|6|14.40|N|88|13|49.02|W|display=inline,title


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