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The UIUC College of Business is the business school at the University of Illinois at Urbana-Champaign. It offers programs in Accountancy, Business Administration, and Finance.

Contents

[edit] College History

The College of Business was formed as the College of Commerce and Business Administration on June 9, 1914.[1] 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 UIUC 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.

The College was influential in establishing the Beta Gamma Sigma honor society along with the University of Wisconsin and the University of California, Berkeley in 1913. Several professors have previously served as the society's president.

[edit] Campus

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

[edit] Champaign

The Champaign campus is located south of Armory Street and is divided by Sixth Street. This is the traditional home of the College of Business. The College currently occupies three buildings: David Kinley Hall, Wholers Hall, and The Survey Building. This area is known as the Business Quad and is considered part of UIUC's South Campus. A new building, to be known as the Business Instructional Facility, is being constructed opposite of Wholers Hall on Sixth Street.

The new building is devided into two wings, one for Accountancy and one for the MBA program. The 60 million dollar project, designed by architect Cesar Pelli, has many "green", environmentally friendly elements.

[edit] 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 seperate, distinctive entities.

[edit] Departments

The College of Business houses three departments: accountancy, business administration, and finance.

[edit] Accountancy

The Department of Accountancy was founded in 1953.[2] 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 UIUC College of Business. The courses were offered through the Department of Economics from 1902 to 1915.[2] 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.[3] After the formation of the college, the accountancy program was moved into the Department of Business Organization until the Department's reorganization in the 1950's.

In 1919, H. T. Scovill, accountancy professor and Head of the Department of Business Organization and Operation helped establish the Beta Alpha Psi accounting honor society.[3] The College currently houses the Beta Alpha Psi alpha chapter.

Today, the undergraduate and graduate programs are regularly ranked as the best in the country by U.S. News & World Report. The programs also consistantly rank within the top five of the Public Accounting Report.

[edit] 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 Professsor 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.

[edit] KPMG/UIUC 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. The program explores measurement, reporting and assurance as they pertain to todays accounting environment. The program was the driving force behind two monographs, Auditing Organizations throught a Strategic Systems Lens and The 21st Century Public Company Audit. The program has distributed a sizeable amount of research dollars and has helped create several strategic systems auditing cases.

[edit] 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.[4] The Department awards B.S., M.S. of 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 inconjunction with the University of Warsaw in Warsaw, Poland.

[edit] Finance

[edit] Alumni

The UIUC College of Business has many noteable 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).

[edit] Academia

[edit] Business

[edit] Government and politics

[edit] Other

[edit] References

  1. ^ UIUC Library Archives: Business
  2. ^ a b UIUC Library Archives: Accountancy
  3. ^ a b 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 on 2006-09-05.
  4. ^ UIUC Library Archives: Business Administration

[edit] External links

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