IIT Stuart School of Business

Stuart School Details

Stuart School Logo

Stuart School Logo

Mission	AInnovation. Creativity. Diversity. Entrepreneurship. Sustainability. Analysis.
Established	1979
Official name	The Stuart GSB
University	Illinois Institute Of Technology
School type	Private
Endowment	$615 million
Dean	Harvey Kahalas, Ph.D.
Faculty	60
Undergraduates	40
Graduates	480
Doctorals	20
Alumni	81,000
Location	Illinois, USA

Stuart School of Business (often just Stuart) is an academic unit of Illinois Institute of Technology. It was founded in 1969 with a gift from Harold Leonard Stuart, an alumnus of one of IIT's predecessor institutions.

The School offers highly interdisciplinary programs in conjunction with deparmtments like Finance, Design, Enviromental sciences with the objective to prepare future leaders who can work with diverse teams. A combine knowledge of business with Design, Engineering, Enviromental Sciences helps makes effective decision

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
• 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.

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.

Ranking

Stuart is ranked 7th Best MBA in Chicago area. Recruiters ranked IIT last in every academic concentration except quantitative analysis, where the school finished fifth. 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 D schools survey. Stuart boasts the 11th ranked Finance/Financial Markets program in the world as ranked by Global Derivatives magazine, and was featured on Business Week's 2004 B School Survey as a 2nd Tier School in "Also Considered Category"

Departments And Research Centres

• 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

Academic Programs

Masters in Business Administration

MBA Program Details

Duration	16 - 20 Months
Average GMAT	600
Elective Requirements	7 - 11 Subjects
Core Requirements	9 Subjects
Enrollment	Summer, Fall, Winter, Spring

MBA Concentrations

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

The IIT Stuart MBA provides training in the functional areas of business and an understanding of the business applications of technology and analytic methods.

• MBA Program Options
  • Fulltime MBA.
  • Parttime MBA.
  • Accelerated One Year MBA.
  • Fast Track MBA Program.

Full Time MBA

IIT Stuart offers many options for you to tailor a course of study that closely supports your interests and career goals. You can earn an MBA with one or two concentrations in 20 courses, or if you decide not to pursue a concentration, you may complete your degree in 16 courses.

Accelerated MBA

Unlike most MBA programs, which require 3-5 years of work experience, our Accelerated One-Year MBA is a focused, fast-paced program tailored for recent graduates of U.S. colleges and universities. This unique approach supplements traditional text-based learning with innovative classroom approaches, case studies and hands-on projects. Students seeking a more specialized education also have the option of enrolling in the Honors track, which requires a total of twenty courses and leads to a concentration in either Marketing or Financial Management.

Masters of Science

Masters of Science Specializations

Environmental Management
Finance
Financial Markets
Marketing Communications
Healthcare Marketing
International Business
Communication Management
Professional Masters in Mathematical Finance

Stuart offers MS degree program in environmental management, finance, marketing communication. These programs are designed to prepare students for management-level positions in one of these areas or to start up their own companies.

Doctoral

• Finance
  • Operations

Dual Degrees

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

Faculty

Senior Administration

• Thomas Anderson, Associate Dean
• Elizabeth J. Durango-Cohen, Assistant Professor of Operations Management
• Eliezer Geisler, Associate Dean for Research
• Harvey Kahalas, Dean
• Jenna Moroney, Director, Student Affairs

Program Administration

• Sanford A. Bredine (M.S. Marketing Communication)
• Michael Gorham (M.S. Finance)
• George P. Nassos (M.S. Environmental Management)

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 funtions 

• 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

External Links

• Stuart School of Business home page
• Center for the Management of Medical Technology
• Center for Financial Markets
• Center for Sustainable Enterprise
• Chicago Geospatial Exchange
• Leadership Academy
• Interprofessional Projects Program