Gies College of Business

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University of Illinois Gies College of Business
GiesBusiness center.jpg
TypePublic business school
Established1915
EndowmentUS $87.4 million (2007)[1]
DeanJeffrey R. Brown
Undergraduates3,140
Postgraduates3,073
Alumni61,000+
Address
515 East Gregory Drive
, , ,
40°06′14″N 88°13′51″W / 40.1038°N 88.2309°W / 40.1038; -88.2309Coordinates: 40°06′14″N 88°13′51″W / 40.1038°N 88.2309°W / 40.1038; -88.2309
AffiliationsUniversity of Illinois
Websitegiesbusiness.illinois.edu

Gies College of Business is a business school for both undergraduate and graduate students at the University of Illinois at Urbana–Champaign. As of 2018, more than 4,000 full-time undergraduate and graduate students are enrolled on campus in Champaign, with another 1,700+ students studying online through the Gies Business iMBA and iMSA programs. Gies College of Business offers programs in accountancy, business administration, and finance.

College history[edit]

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.[2] 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.[3]

Since 2015, Gies College of Business has partnered with Coursera to offer a list of MOOCs, an online MBA program (iMBA)-A Career-curated Online Learning Experience. From a stellar brand and for under $22k. It’s being called a breakthrough and an online MSA program (iMSA).[4][5]

College naming gift[edit]

The College of Business at the University of Illinois at Urbana–Champaign was named Gies College of Business in October 2017 by Larry and Beth Gies. The pair are both graduates of the University of Illinois and donated $150M to the business school, the largest monetary gift in Illinois history. Larry Gies is currently the Founder and CEO of Madison Industries and gave the 2019 commencement address.[6]

Campus[edit]

David Kinley Hall, June 2003.

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 Main Quad.[2] The Commerce building, dedicated in 1913, was built at a cost of $100 thousand.[citation needed]

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.[citation needed]

Wohlers Hall, formerly known as Commerce West, was built in 1963.[7] Albert H. and Jane Wohlers provided a $6 million naming gift in 2000 for renovations.[8]

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.[9] The $62 million project, designed by architect Cesar Pelli, is LEED-certified because of its "green", environmentally friendly elements.[9][10]

Academic departments[edit]

Gies College of Business houses three departments: Accountancy, Business Administration, and Finance.

Accountancy[edit]

Wohlers Hall during the Spring of 2004.

The Department of Accountancy was founded in 1953.[11]

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.[12] The college began the first PhD program in 1938 and has graduated more accountancy PhD candidates than any other accountancy department in the United States.[12] 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.[citation needed]

In 1919, H. T. Scovill helped establish the Beta Alpha Psi accounting honor society.[12]

Business Administration[edit]

The Business Instructional Facility during the Fall of 2008.

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.[11] Students can receive degrees in Information Systems, Management, Marketing, Operational Management, Strategic Business Development and Entrepreneurship, and Supply Chain Management.[13]They can also receive a Master's degree in Business Administration, Technology Management, and Management.[14]

Finance[edit]

In 1957, the UI Board of Trustees approved the Dean's proposal to create a Department of Finance.[11]

The MSF program began in 1958.[15]

Academies and centers[edit]

University of Illinois-Deloitte Foundation Center for Business Analytics[edit]

The University of Illinois-Deloitte Foundation Center for Business Analytics was established on October 25, 2016 thanks to a $5 million gift from the Deloitte Foundation and Deloitte's retired and current partners, principals, managing directors and employees.[16]

Illinois MakerLab[edit]

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.[17]

Origin Ventures Academy for Entrepreneurial Leadership[edit]

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.[18]

Rankings[edit]

Undergraduate

    1. 4 best 2018 employment records[19]
    2. 16 best value business school[20]
  • #19 undergraduate business school[21]

Graduate

Overall

#1 in US for Accountancy research and publications[24]

Alumni[edit]

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).

Academia[edit]

Business[edit]

Government and politics[edit]

Other[edit]

See also[edit]

References[edit]

  1. ^ "Businessweek 2008 College Profile:University of Illinois". Retrieved April 14, 2008.
  2. ^ a b "Department of Economics, University of Illinois at Urbana-Champaign: History". Archived from the original on May 17, 2008. Retrieved May 19, 2008.
  3. ^ "UIUC Library Archives: Business". Archived from the original on March 19, 2005. Retrieved September 5, 2006.
  4. ^ College of Business in Illinois, Online
  5. ^ "iMBA – Online MBA – University of Illinois at Urbana-Champaign". onlinemba.illinois.edu. Retrieved July 10, 2017.
  6. ^ "College of Business Receives $150 Million Naming Gift by Larry and Beth Gies". College of Business News. October 26, 2017. Retrieved January 9, 2019.
  7. ^ "Wohlers' Generosity to Fund Reconstruction of Commerce West" (PDF). Retrieved June 13, 2008.
  8. ^ "Wohlers Hall to be dedicated Sept. 21". Retrieved June 13, 2008.
  9. ^ a b "Seventy Third Report: The Board of Trustees" (PDF). University of Illinois. 2006: 373–374. Cite journal requires |journal= (help).
  10. ^ "Business Instructional Facility Home". Archived from the original on September 15, 2006. Retrieved April 18, 2008.
  11. ^ a b c "University of Illinois Board of Trustees Archives". Retrieved April 14, 2008.
  12. ^ a b c d e f g Bedford, Norton M. (1997). "A History of Accountancy at the University of Illinois at Urbana-Champaign" (PDF). Center for International Education and Research in Accounting. Retrieved May 22, 2008. Cite journal requires |journal= (help)
  13. ^ "Undergraduate Programs | Gies College of Business | U of I".
  14. ^ "Business Administration".
  15. ^ "MSF Program recognized as CFA Program Partner". Retrieved April 11, 2008.
  16. ^ "The University of Illinois and Deloitte Foundation establish industry leading center for analytics education". College of Business News. October 25, 2016. Retrieved January 9, 2019.
  17. ^ "About Us".
  18. ^ "Origin Ventures Academy for Entrepreneurial Leadership | Gies College of Business | U of I". giesbusiness.illinois.edu. Retrieved October 15, 2019.
  19. ^ Byrne, John (January 12, 2019). "Best Business Schools For Landing A Job Right Out Of School". Poets&Quants for Undergrads. Retrieved January 30, 2019.
  20. ^ "Top 50 Best Value Undergraduate Business Schools for 2019". Value Colleges. Retrieved December 30, 2019.
  21. ^ Allen, Nathan (December 12, 2018). "Wharton Repeats As Top-Ranked P&Q Undergraduate Business School -". Poets&Quants for Undergrads. Retrieved January 30, 2019.
  22. ^ "University of Illinois--Urbana-Champaign". Archived from the original on August 9, 2018. Retrieved December 30, 2019.
  23. ^ "Best Accounting Programs". Archived from the original on March 14, 2017. Retrieved December 30, 2019.
  24. ^ "AllAccounting Research Rank". byuaccounting.net. Retrieved January 30, 2019.
  25. ^ "Alumni Achievement Award". University of Illinois Alumni. University of Illinois Alumni Association. Retrieved December 13, 2015.
  26. ^ "University of Illinois Office of Public Affairs List of Prominent Alumni". Archived from the original on October 11, 2008. Retrieved April 18, 2008.
  27. ^ "UI Alumni Association". uiaa.org.
  28. ^ "National Women's Hall of Fame Biography: Wilma Vaught". Retrieved April 18, 2006.
  29. ^ "Illinois Athletics – Josh Whitman". Retrieved May 4, 2018.

External links[edit]