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Gies College of Business is the business school of the University of Illinois Urbana-Champaign, a Public university, public research university in Champaign, Illinois. The college offers undergraduate program, masters programs, and a PhD program. The college and its Department of Accountancy are separately accredited by Association to Advance Collegiate Schools of Business, International.
As of 2021, there are more than 70,000 Gies Business alumni worldwide, including several Fulbright Program, Fulbright scholars.
Gies College of Business is located in Champaign, Illinois. The campus is located around the intersection of Gregory Street and Sixth Street. This is the current home of Gies 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 UIUC campus#Main Quad, Main Quad. The Commerce building, dedicated in 1913, was built at a cost of $100 thousand.
The college currently occupies three buildings: Wohlers Hall, Business Instructional Facility (BIF), and the Irwin Doctoral Study Hall. 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. Albert H. and Jane Wohlers provided a $6 million naming gift in 2000 for renovations.
The Business Instructional Facility (commonly referred to as "BIF"), approved by the UI Board of Trustees on July 14, 2004, stands opposite of Wohlers Hall across Sixth Street.. The $62 million project, designed by architect Cesar Pelli, is LEED-certified because of its "green", environmentally friendly elements.
The Department of Accountancy was founded in 1953.
The University offered courses in accounting before the creation of the University of Illinois Urbana-Champaign College of Business. The courses in the university were offered through the Department of Economics from 1902 to 1915. The college began the first PhD program in 1937 and has graduated more accountancy PhD candidates than any other accountancy department in the United States. 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.
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. This includes a iMBA program featured on Coursera.
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 Trustee, Board of Trustees. The college began with three departments: Economics, Business Organization and Operation, and Transportation. Since 2015, Gies College of Business has partnered with Coursera to offer online Master of Business Administration, MBA program and an online Master of Accountancy, MSA program. The school started with 113 students in the beginning for the online programs and later grew to more than 3,200 degree-seeking students from 46 states in United States and more than 90 countries in the world. The selectivity and acceptance rate to the program initially was 20.9% and is currently at 53%. In 2019, the school announced that it was suspending its on-campus full-time MBA, part-time MBA, and executive MBA.College naming gifts
In 2017, alumni Larry Gies and Beth Gies donated US$150 million to the school, which was renamed the Gies College of Business in their honor. In 2020, alumnus Don Edwards donated US$10 million and the business school also further received a pledge in 2020 for $2.5 million for construction of shared instructional facility.Campus
Gies College of Business is located in Champaign, Illinois. The campus is located around the intersection of Gregory Street and Sixth Street. This is the current home of Gies 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 UIUC campus#Main Quad, Main Quad. The Commerce building, dedicated in 1913, was built at a cost of $100 thousand.
The college currently occupies three buildings: Wohlers Hall, Business Instructional Facility (BIF), and the Irwin Doctoral Study Hall. 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. Albert H. and Jane Wohlers provided a $6 million naming gift in 2000 for renovations.
The Business Instructional Facility (commonly referred to as "BIF"), approved by the UI Board of Trustees on July 14, 2004, stands opposite of Wohlers Hall across Sixth Street.. The $62 million project, designed by architect Cesar Pelli, is LEED-certified because of its "green", environmentally friendly elements.
Academic departments
Gies College of Business houses three departments: Accountancy, Business Administration, and Finance.Accountancy
The Department of Accountancy was founded in 1953.
The University offered courses in accounting before the creation of the University of Illinois Urbana-Champaign College of Business. The courses in the university were offered through the Department of Economics from 1902 to 1915. The college began the first PhD program in 1937 and has graduated more accountancy PhD candidates than any other accountancy department in the United States. 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.
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. This includes a iMBA program featured on Coursera.
Finance
In 1957, the UI Board of Trustees approved the Dean's proposal to create a Department of Finance. The MSF program began the following year.Academies and centers
University of Illinois-Deloitte Foundation Center for Business Analytics
The University of Illinois-Deloitte Foundation Center for Business Analytics was established on October 25, 2016 by Deloitte Foundation thanks to a $5 million gift from the Deloitte Foundation and Deloitte's retired and current partners, principals, managing directors and employees.Illinois MakerLab
The Illinois MakerLab is the world's first business school 3D printing lab located on the third floor of the Business Instructional Facility. After opening in Spring of 2013, the MakerLab has provided printing, custom designing and prototyping, educational, and other related services for both the Urbana-Champaign and University of Illinois community. The lab is equipped with over 20 Ultimaker 3D printers and is run by undergraduate and graduate students. The lab was co-founded by Aric Rindfleisch and Vishal Sachdev.Origin Ventures Academy for Entrepreneurial Leadership
The Origin Ventures Academy for Entrepreneurial Leadership is responsible for cross-campus and multidisciplinary programs for entrepreneurial students from all backgrounds including the award-winning iVenture Accelerator and Illinois Social Innovation. The Academy for Entrepreneurial Leadership was established in 2004. In 2018, Bruce Barron (BS '77) and the REAM Foundation providing a naming gift to create the Origin Ventures Academy for Entrepreneurial Leadership. The REAM Foundation gift was made in honor of Steven Miller (BS '87), who joined Barron in co-founding Origin Ventures, a venture capital firm in Chicago.Rankings
In 2019, Public Accounting Report’s Annual Professors Survey has ranked the college under top 3 for undergraduate, graduate, and Ph.D. accounting programs.Notable people
Alumni
Gies College of Business has many notable alumni. Alumni are denoted by their area of study: accountancy (ACCY), business administration (BADM), finance (FIN), or general/unassigned (GEN) or MBA.Academia
*Michael Mikhail (MAS '88) - Dean, UIC College of Business Administration, College of Business Administration at the University of Illinois at Chicago * Robert J. Swieringa (ACCY '69) – Dean, Cornell University and former member of the Financial Accounting Standards Board. *Nicholas Dopuch (ACCY '61) – Former Head of Accounting, Washington University in St. Louis. *Ananias Charles Littleton, A.C. Littleton (ACCY '12, '18, '31) – Professor and history of accounting, accounting historian University of Illinois, editor-in-chief The Accounting Review, Accounting Hall of Fame inductee *Sybil C. Mobley (ACCY '64) – Dean and Head of Accounting, Florida A&M. *Clyde Summers (ACCY '39), labour law, labor lawyer and law professor at the Yale Law School and University of Pennsylvania Law School, subject of In re SummersBusiness
*Thomas Siebel (MBA) - Billionaire and Founder of Siebel Systems, C3.ai *Michael Krasny (businessman), Michael Krasny (FIN '75) - Billionaire and Founder of CDW, CDW Corporation *Sunil Benimadhu (MBA) - CEO of Stock Exchange of Mauritius *Ravin Gandhi (FIN '1994) - Founder of Coatings and Chemicals Corporation *Jim Cantalupo (ACCY '66) – Former Chairman and CEO of McDonald's (1991–2004) * Richard H. Frank (BADM '64) – Former President, List of assets owned by Disney#Studio Entertainment, Walt Disney Studios *George Henry Lesch (GEN '31) – Chairman of the Board, Colgate-Palmolive Company * Thomas Murphy (chairman), Thomas Murphy (ACCY '38) – Former CEO and Chairman, General Motors *John D. Zeglis (FIN '69) – Former President, AT&T; Former Chairman and CEO of AT&T Wireless Services, Inc., AT&T WirelessGovernment and politics
*Kelly Loeffler - United States Senator for Georgia (U.S. state), Georgia *Charles Bowsher (ACCY '53) – Comptroller General of the United States, Government Accountability Office *George Evan Howell (GEN '27), United States House of Representatives, U.S. Congressman *Samuel K. Skinner (ACCY, '60) – Secretary of Transportation (1989–1991); White House Chief of Staff during the George H. W. Bush Administration (1992)Armed forces
*Alfred G. Harms, Jr. (MBA) - Retired Vice Admiral, United States Navy *Alex Fink (MBA) - Major general (United States), Major General, Chief of Enterprise Marketing at United States Army * Wilma L. Vaught (BADM '52) – Retired Brigadier General, United States Air ForceSports
* Mike Small (golfer), Mike Small ('88) - Professional golfer and Head Coach for Illinois Fighting Illini men's golf * Josh Whitman (FIN '01) – Athletic director at the University of Illinois, former NFL playerFaculty
*Heitor Almeida - Stanley C. and Joan J. Golder Chair in Corporate Finance *Dan Bernhardt - IBE Distinguished Professor *Jeffrey Brown (professor), Jeffrey Brown - Josef and Margot Lakonishok Professor of Business *Richard Engelbrecht-Wiggans - IBE Distinguished Professor Emeritus of Business Administration *Jack A. Goncalo - Professor of Business Administration *John Warren Kindt, John Kindt - Professor Emeritus of Business Administration *Kent Monroe - John M. Jones Distinguished Professor of Marketing *Aric Rindfleisch - John M. Jones Professor of Marketing *Daniel Simons - Professor of Business Administration *Theodore Sougiannis - KPMG Distinguished Professor of Accountancy *Scott Weisbenner - William G. Karnes Professor in Mergers and Acquisitions *Jagdish Sheth - Former Distinguished Professor of Marketing (1969 to 1983) * Shahbaz Gill - Assistant ProfessorSee also
* List of United States business school rankings * List of business schools in the United StatesReferences
Further reading
* Orta, Andrew. ''Making Global MBAs: The Culture of Business and the Business of Culture''. (University of California Press, 2019; ) * Hoxie, Frederick E. ''The University of Illinois: Engine of Innovation''. (University of Illinois Press, 2017; )External links
* {{DEFAULTSORT:Illinois Urbana-Champaign Business, University of Business schools in Illinois University of Illinois Urbana-Champaign colleges and schools, Business Educational institutions established in 1915 1915 establishments in Illinois