Stuart School of Business

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IIT Stuart School of Business

Established:	1969
Type:	Private
Dean:	Harvey Kahalas, Ph.D.
Faculty:	Student/Faculty ratio: 18:1
Students:	600
Location:	Chicago, Illinois, USA
Website:	www.stuart.iit.edu

The IIT Stuart School of Business (often just Stuart) is an academic unit of the Illinois Institute of Technology, a private Ph.D.-granting research university. IIT Stuart provides teaching and directs research in the fields of finance, economics, management, technology, information management and other areas. IIT Stuart was established in 1969 with a bequest from IIT alumnus and financier Harold Leonard Stuart. IIT Stuart is an AACSB-accredited business school that focuses on graduate-level business education.

IIT Stuart offers bachelor's, master's, doctoral, and non-degree programs, as well as graduate certificate programs. In addition to the MBA, the School offers interdisciplinary programs such as Mathematical Finance, Marketing Communications, and Environmental Management in conjunction with departments such as the Institute of Design and the Center for Sustainable Enterprise. The Center for Financial Markets provides focused curriculum in financial engineering and programming, trading, the financial markets, and information technology. IIT's MS in Financial Markets is the oldest degree relating to modern capital markets. Stuart is located in downtown Chicago, Illinois, USA within the Financial District.

1 Historical timelines
2 Accreditation
3 Ranking
4 Departments and research centers
5 Academic programs
6 Research
7 Noteworthy alumni
8 References
9 External links

[edit] Historical timelines

1969 Year of foundation of IIT Stuart School Of Business.
1971 Year Fulltime MBA program was founded.
1980 Year Parttime MBA program was founded.
1995 Undergraduate programs phased out.
1999 IIT Stuart GSB achieved accreditation from AACSB.
2003 Year of foundation of Chicago Geospatial Exchange at Stuart School Of Business.
2007 Year of foundation of Center for the Management of Medical Technology.

[edit] Accreditation

Stuart is accredited by the AACSB. As part of IIT, Stuart School is also accredited by the North Central Association of Colleges and Secondary Schools.

[edit] Ranking

Stuart boasts the 11th ranked Finance/Financial Markets program in the world as ranked by Global Derivatives magazine ^[1], and was featured on Business Week's 2004 B School Survey as a 2nd Tier School in the "Also Considered Category." Stuart is ranked 7th Best MBA in Chicago area.^[2] Recruiters ranked IIT last in every academic concentration except quantitative analysis, where the school finished fifth.^[3] Alumni ranked it third in risk management (after the GSB and Kellogg), but last in marketing, accounting, management and organizational behavior. MDes/MBA: 2-3 Years program hosted jointly by the Institute of Design and Stuart School Of Business featured on Business Week's 2006 best Design schools survey.^[4]

[edit] Departments and research centers

Center for the Management of Medical Technology
Center for Financial Markets
Center for Sustainable Enterprise
Chicago Geospatial Exchange
Leadership Academy
Interprofessional Projects Program
Quantitative Research Lab

[edit] Academic programs

Programs Offered

Masters in Business Administration
- Entrepreneurship
- Financial Management
- Financial Markets
- Healthcare Management
- Information Management
- International Business
- Management Science
- Marketing
- Operations, Quality, and Technology Management
- Strategic Management of Organizations
- Sustainable Enterprise

Masters of Science
- Environmental Management
- Finance
- Financial Markets
- Marketing Communications
- Healthcare Marketing Concentration
- Communication Management

Professional Masters
- Mathematical Finance

Doctoral
- Finance
- Operations

Dual Degrees
- MBA / MS (2 Years)
- JD/MBA
- MBA / MPA
- MDes / MBA (2 - 3 Years)
- MBA / MSF
- MS / JD

Bachelor of Science
- Business Administration
- Business Administration and Applied Science
- Business - Honors Law Program
- Minor in Business

MDes/MBA

MBA

Fulltime MBA.
Parttime MBA.
Accelerated MBA.

Full Time MBA

Option 1: General Fulltime MBA 16 courses.
Option 2: Fulltime MBA with One concentration 18 courses.
Option 3: Fulltime MBA with Dual Concentrations 20 courses.

[edit] Research

Prof. Christopher Barlow

Exploring a human centered perspective on collaboration and knowledge management systems
Following and Accelerating The Design Evolution Curve in Health Care
Insight or Ideas: Escaping the Idea Centered "Box" Defining Creativity
Accelerating Design Evolution in Telecommunicated Multimedia (in pdf format), with George Kraft
Deliberate Insight in Team Creativity.

Prof. John F. O. Bilson

ANMI-Market Volatility

Prof. Eliezer Geisler

Ethical Dilemma of Science and Technology
Organizing for E-Business
Recent Publications and Working Papers
The Metrics of Technology Evaluation: Where We Stand and Where We Should Go From Here
Organizational Change Phenomena, Managerial Cognition, and Archival Measures: Reconceptualization and New Empirical Evidence

Prof. Michael Kelly

Computational Solution of the American Put using the Moving Free Boundary Method
Solving the American Put Financial Derivative using Differential Equations and Integration in Mathematica

Prof. Nick Thomopoulos

Adjusting An Existing Forecasting Model When Some Future Demands Are Known In Advance; A Bayesian Technique, with Raida Abuizam
Characteristics & Tables of the Doubly-Truncated Normal Distribution, with Arvid C. Johnson
Characteristics & Tables of the Left-Truncated Normal Distribution, with Arvid C. Johnson
Use of the Left-Truncated Normal Distribution for Improving Achieved Service Levels, with Arvid C. Johnson
Values for the Cumulative Distribution Function of the Standard Multivariate Normal Distribution, with Carol Lindee
Find cumulative distribution function values through these documents:
- Microsoft Excel tables
- Microsoft Excel functions
Statistical Measure on the National, Distribution Center and Dealer Demands along the Supply Chain, with Wayne Bancroft, Nick Malham
Optimal Order Quantity Assuming the Component Part Quantity Is A Random Variable, with Robert B. Allen
Supplier Lateness, Service Level and Safety Time
Tables for the Standard Bivariate Normal Distribution., with Montira Jantaravareerat
Tables and Characteristics of the Standardized Lognormal Distribution, with Arvid C. Johnson
Demands, Backorders, Service Level, Lost Sales and Effective Service Level
Characteristics and Tables of the Partial expectations of the left-truncated normal distribution
Some Measures on the Standard Bivariate Lognormal Distribution
Safety Stock and Forecast Error
Safety Stock comparison with Availability and Service level
Multi-Item Ordering Decision with Target Discount Contract, with Ornlatcha Sivarak

Prof. Michael Ong

On The Quantification Of Financial Markets - Rocket Science: Boom or Bust?, with Michael K. Ong

[edit] Noteworthy alumni

John Calamos ('65 MBA), Billionaire money manager
Robert Growney ('74 BS ME, '82 MBA) President and Chief Operating Officer of Motorola
Carl S. Spetzler ('63 BS CE, '65 MBA, '68 PhD) CEO Strategic Decisions Group.
William P. Mahoney ('57 BS IE, '61 MBA)
Ellen Jordan Reidy ('79 BS Psychology, 81' MBA) President and Founder of America’s Food Technologies, Inc.
John J. Viera (61' MBA)
Brandon Schauer (MDes/MBA) Design Strategist, Adaptive Path.
Jordan Kahn (MS Financial Markets), CFA, Portfolio manager, Berger & Associates.
Sujatha Perepa (MBA), Software IT Architect, IBM Federal Software Group.
Natalie H. Vania (MS Financial Markets) Founder, Arshiya Ventures.