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IIT Stuart School of Business

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Coordinates: 41°49′53.0″N 88°37′38.0″W / 41.831389°N 88.627222°W / 41.831389; -88.627222
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Illinois Tech Stuart School of Business
TypePrivate
Established1969 By Harold L. Stuart
DeanLiad Wagman, Ph.D.
Academic staff
Student/Faculty ratio: 20:1
Students362 (2022)
Location
Chicago, Illinois, USA
CampusUrban
Websitewww.stuart.iit.edu

The Stuart School of Business (Stuart) is the business school within Illinois Institute of Technology (Illinois Tech), a private Ph.D.-granting technological university, located in Chicago, Illinois, United States. Illinois Tech’s primary campus, known as the Mies Campus in honor of Ludwig Mies van der Rohe, is located in the Bronzeville neighborhood of Chicago. Stuart offers undergraduate courses at the Mies Campus and graduate courses at Illinois Tech’s Conviser Law Center in Downtown Chicago.

History

Business education at Illinois Tech dates back to the late 1890s, with courses in “Family and Consumer Science,” including “Home Economics” and “Household Management,” being offered by the Lewis Institute, Stuart’s original home, and the Institute’s subsequent formation of the university’s Department of Business and Economics in 1926.[1]

After the Lewis Institute and Armour Institute merged to form Illinois Institute of Technology, the Department of Business and Economics continued the work of Philip D. Armour, a merchant financier, Julia A. Beveridge, a librarian turned public administrator, Frank W. Gunsaulus, a preacher in the 1880s,[2] and, with a gift from Lewis Institute alum Harold Leonard Stuart, became the Stuart School of Business. The school’s namesake, Harold L. Stuart, was an American financier in the first half of the 20th century, and his Chicago investment bank played a role in establishing the city as a global financial hub. Stuart was also responsible for some of the earliest financing that established Chicago’s train transportation network, now part of the Chicago Transit Authority (CTA).

Over 125 years, beginning with Julia A. Beveridge and George N. Carman, early leaders of the Lewis Institute, as well as scholarly works by Herb A. Simon (author of Administrative Behavior, later awarded the Nobel Prize in Economics), Karl Menger (developer of the St. Petersburg paradox in economics[3]), and Abe Sklar (developer of the Copula in financial modeling), the Stuart School of Business has evolved to provide education centered around management/administration, finance, and analytics. Illinois Tech has offered educational programs in public administration since the 1940s with Simon's groundbreaking, interdisciplinary work, and has awarded the Master of Public Administration (M.P.A.) degree, the most widely recognized professional credential, since the mid-1960s. In 1990, Stuart established quantitative finance as an academic discipline, with the world’s first postgraduate Master’s program in Financial Markets and Trading.[4] In 2023, Stuart celebrated the 10-year anniversary of it's Marketing Analytics program and announced the rechristening of two additional analytics-focused programs, the Master of Science in Sustainability Management and Analytics and Chicago's only part-time Ph.D. program in Management Science and Analytics.

Stuart’s mission states: “The Stuart School of Business combines rigorous, relevant, and interdisciplinary academic and practice-oriented research and education. Our approach results in thought leadership and advances students’ careers in technologically-oriented private and public sector industries worldwide.” Today, Stuart offers academic programs (many STEM-designated) in the disciplines of business, economics, finance, analytics, marketing, management, and public administration paired with co-curricular leadership, mentorship, entrepreneurship, and experiential learning opportunities focused on student development and success that have positive societal impact and connect individuals to the business community.

Historical timelines

  • 1969 Year of foundation of the Stuart School of Business.
  • 1971 Year Full-time MBA program was founded.
  • 1980 Year Part-time MBA program was founded.
  • 1999 Stuart achieved accreditation from AACSB, the Association to Advance Collegiate Schools of Business.
  • 2005 Knapp Entrepreneurship Center founded.
  • 2007 Center for Strategic Competitiveness (CSC) established.
  • 2007 Year of foundation of Center for the Management of Medical Technology.

Accreditation

Stuart is accredited by the Association to Advance Collegiate Schools of Business (AACSB). As part of the Illinois Institute of Technology, Stuart is also accredited by the Higher Learning Commission (HLC). [5]

Awards

A team of five students from the Stuart School of Business won the 2012 CFA Institute Research Challenge’s Americas Regional final, defeating teams from 45 universities to advance to the global final. The team presented investment research and recommendations for Zebra Technologies Corporation (NASDAQ: ZBRA), which has an extensive portfolio of bar code, receipt, card and kiosk supplies, RFID printers, and real-time location solutions.[buzzword] The team's work was based on interactions with Zebra's senior executives, investment thesis and risks analysis, financial modeling, valuation, comparable benchmarking, and scenario creation. The global final included three other teams from Thailand, Sweden, and the United States, with Illinois Tech's team representing the CFA Society of Chicago.[6]

Departments and research centers

Academics

Stuart School of Business offers bachelor's, master's, doctoral, non-degree, and graduate certificate programs in the areas of economics, finance, analytics, marketing, business, project management, public administration, and management. Stuart also offers combined and dual degrees with Illinois Tech’s Chicago-Kent College of Law, IIT Institute of Design, College of Computing, Lewis College of Science and Letters, and Armour College of Engineering.

Programs Offered

  • Masters in Business Administration (MBA)[12]
  • Master of Public Administration (MPA)[13]
  • Masters of Science[14]
    • Sustainability Management
    • Finance
    • Marketing Analytics
  • Professional Masters[15]
  • Mathematical Finance[16]
  • Master of Technological Entrepreneurship (MTE)[17]
  • PhD in Management Science[18]
    • Finance
    • Operations
  • Dual Degrees[19]
    • MBA / MS (2 Years)
    • JD/MBA
    • MBA / MPA
    • MDes / MBA (2 - 3 Years)
    • MBA / MSF
    • MS / JD
    • MPA / JD
    • MPA / BS (Political Science)
  • Bachelor of Science[20]
  • Certificates programs[21]
  • Public Administration Certificates[22]

Noteworthy alumni

References

  1. ^ "The History of the Lewis Institute | library.iit.edu". library.iit.edu. Retrieved 2023-06-22.
  2. ^ "Historical Sketch of Armour Institute of Technology | library.iit.edu". library.iit.edu. Retrieved 2023-06-22.
  3. ^ www.semanticscholar.org https://www.semanticscholar.org/paper/Das-Unsicherheitsmoment-in-der-Wertlehre-Menger/01926c2193a686417a7551d69d99fef35f1c5411. Retrieved 2023-06-22. {{cite web}}: Missing or empty |title= (help)
  4. ^ "IIt offers new financial markets graduate degree - UPI Archives". UPI. Retrieved 2023-06-22.
  5. ^ "AACSB Accreditation".
  6. ^ "Americas Regional Final Champions".
  7. ^ IIT Stuart Center for Strategic Competitiveness, http://www.stuart.iit.edu/csc/
  8. ^ "Research and Academic Centers - IIT Stuart School of Business". stuart.iit.edu.
  9. ^ Center for Sustainable Enterprise
  10. ^ "Leadership Academy - Center for Leadership Studies - Illinois Institute of Technology". leadership.iit.edu.
  11. ^ "IPRO - The Interprofessional Projects Program at Illinois Tech". iit.edu.
  12. ^ "Master of Business Administration (M.B.A.) - IIT Stuart School of Business". stuart.iit.edu.
  13. ^ "Master of Public Administration (M.P.A.) - IIT Stuart School of Business". stuart.iit.edu.
  14. ^ "Academic Programs - IIT Stuart School of Business". stuart.iit.edu.
  15. ^ "Master of Science in Finance - IIT Stuart School of Business". stuart.iit.edu.
  16. ^ "Mathematical Finance". stuart.iit.edu.
  17. ^ "Master of Technological Entrepreneurship". stuart.iit.edu.
  18. ^ "M.S. and Ph.D. in Management Science - IIT Stuart School of Business". stuart.iit.edu.
  19. ^ "Dual Degrees - IIT Stuart School of Business". stuart.iit.edu.
  20. ^ "Undergraduate Programs - IIT Stuart School of Business". stuart.iit.edu.
  21. ^ "Certificate and Non-Degree Programs - IIT Stuart School of Business". stuart.iit.edu.
  22. ^ "Master of Public Administration (M.P.A.) - IIT Stuart School of Business". stuart.iit.edu.

41°49′53.0″N 88°37′38.0″W / 41.831389°N 88.627222°W / 41.831389; -88.627222

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