Uiuc business

UIUC College of Business

University of Illinois College of Business
University of Illinois College of Business.jpg
Motto Knowledge. Innovation. Leadership.
Established 1915
Type Public business school
Endowment US $87.4 million (2007)
Dean Lawrence DeBrock
Students 3739
Undergraduates 2804
Postgraduates 935
Location Champaign, Illinois, USA
Affiliations University of Illinois
Website 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. The College of Business as a whole is ranked 12th in the same rankings, as of 2012. 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. 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. 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. The College has continued its involvement with the honor society and , a former accountancy professor and head of the Department of Business Organization and Operation, has previously served as the society's president.


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



The Chicago campus is located within the 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.


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


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 .

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. 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, and , and several strategic systems auditing cases.

Business Administration


In 1957, the UI Board of Trustees approved the Dean's proposal to create a Department of Finance. The Department currently offers B.S., M.S.F., and Ph.D. degrees. The Department offers specializations 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. In 2008, the CFA Institute announced the M.S.F. program's inclusion as a 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".


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).



Government and politics


See also


  1. "Businessweek 2008 College Profile:University of Illinois". http://www.businessweek.com/bschools/rankings/full_time_mba_profiles/illinois.html. Retrieved 2008-04-14.
  2. Department of Accountancy Rankings
  3. ^ "Department of Economics, University of Illinois at Urbana-Champaign: History". http://www.economics.uiuc.edu/department/index.htm. Retrieved 2008-05-19.
  4. "UIUC Library Archives: Business". http://web.library.uiuc.edu/ahx/uaccard/adminhist/showrg.asp?rg=9. Retrieved 2006-09-05.
  5. "History of Beta Gamma Sigma". http://www.betagammasigma.org/history.htm. Retrieved 2008-05-22.
  6. ^ Bedford, Norton M. (1997) (PDF). A History of Accountancy at the University of Illinois at Urbana-Champaign. Center for International Education and Research in Accounting. http://www.business.uiuc.edu/accountancy/about/history.pdf. Retrieved 2008-05-22.
  7. "Wohlers’ Generosity to Fund Reconstruction of Commerce West" (PDF). http://www.business.uiuc.edu/development/archive/wohlers.pdf. Retrieved 2008-06-13.
  8. "Wohlers Hall to be dedicated Sept. 21". http://www.news.uiuc.edu/news/00/0918wohlers.html. Retrieved 2008-06-13.
  9. ^ "Transactions of the Board of Trustees". Seventy Third Report. University of Illinois. 2006. pp. 373–374. http://www.uillinois.edu/trustees/minutes/2004-2006%20Biennial/0406BOARD%20MINUTES%20NO%20INDEX.pdf.
  10. "Business Instructional Facility Home". http://www.business.uiuc.edu/instructional_facility/index.htm. Retrieved 2008-04-18.
  11. ^ "University of Illinois Board of Trustee Archives". http://www.uillinois.edu/trustees/search/index.cfm. Retrieved 2008-04-14.
  12. "KPMG-UIUC Research Program Homepage". http://www.business.uiuc.edu/kpmg-uiuc/. Retrieved 2008-04-14.
  13. "MS Tech Website". http://www.ms-tech.uiuc.edu. Retrieved 2008-04-14.
  14. "MSF Program recognized as CFA Program Partner". http://www.business.uiuc.edu/publications/news_item.aspx?ID=354. Retrieved 2008-04-11.
  15. University of Notre Dame Mendoza College of Business Biography
  16. ^ "University of Illinois Office of Public Affairs List of Prominent Alumni". http://publicaffairs.uiuc.edu/facts/promalumni.htm. Retrieved 2008-04-18.
  17. ^ University of Illinois Alumni Association Alumni Achievement Award
  18. CFO.com: Why McDonald's CFO Is Heading for Academia
  19. "National Women's Hall of Fame Biography: Wilma Vaught". http://www.greatwomen.org/women.php?action=viewone&id=160. Retrieved 2006-04-18.

External links

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