University of Chicago Booth School of Business
The University of Chicago Graduate School of Business (also known as Chicago GSB) has its main campus in the Hyde Park neighborhood in the southern part of the city of Chicago.
Programs
The 2004 full-time class is comprised of 1088 first and second-year students. Chicago GSB also offers a part-time MBA program with identical curriculum, faculty, and classes to the full-time program. The part-time program is domiciled at the GSB's Downtown Chicago campus, but students in both the full-time and part-time programs may register for classes at either the Hyde Park Center or the downtown campus. The school also offers an Executive MBA program. This program is offered in its permanent campuses in downtown Chicago, London and Singapore.
The full-time and part-time programs at the Hyde Park campus allows students to choose electives starting even in the first year, as they do not follow a cohort system along the lines of other top business schools such Harvard Business School or the MIT Sloan School of Management. Students can opt to pursue one or more of the following areas of study (concentrations):
- Accounting
- Analytic Finance
- Econometrics and Statistics
- Economics
- Entrepreneurship
- Finance
- General Management
- Human Resource Management
- International Business
- Management and Organizational Behavior
- Marketing Management
- Operations Management
- Strategic Management
History
The University of Chicago Graduate School of Business was launched by Edmund James, former director of the Wharton School, in 1898 as the second-oldest business school in the U.S. The University of Chicago Graduate School of Business boasts many 'Firsts':
- First business school to have a Nobel laureate on its faculty (George Stigler, 1982)
- First business school to have had six Nobel Prize winners: George Stigler, 1982; Merton Miller, 1990; Ronald Coase, 1991; Gary Becker, 1992; Robert Fogel, 1993; and Myron Scholes, 1997.
- First to initiate a Ph.D. program in business (1920).
- First to offer an executive M.B.A. degree program (1943).
- First to offer an executive M.B.A. program in Europe and Asia.
- First and only business school to have campuses on three continents (in Chicago, London, and Singapore)
Ranking and Reputation
Both the full-time MBA and EMBA programs are ranked amongst the best in the world:
- #2 BusinessWeek biennial rankings, 2004[1]
- #6 Economist Intelligence Unit, 2005[2]
- #6 U.S. News & World Report, 2006[3]
- #13 The Wall Street Journal, 2005[4]
- #6 Financial Times, 2006[5]
- #3 Forbes, 2005[6]
- #1 The Economist poll of polls [7]
- #1 Financial Times Asia[citation needed]
Notable Faculty Members
Current and former faculty include:
- Gary Becker, Nobel prize winning economist
- Ronald Coase, Nobel prize winning economist
- Eugene Fama, “Man Who Launched Modern Finance” - financial economist and originator of efficient market theory (also alumnus, M.B.A. and Ph.D.)
- Robert Fogel, Nobel prize winning economist
- Steven Levitt, economist, author of Freakonomics, John Bates Clark Medal recipient and director of the Becker Center on Chicago Price Theory
- Merton Miller, Nobel prize winning economist (also alumnus, M.B.A. and Ph.D.)
- Kevin M. Murphy, economist, John Bates Clark Medal recipient and MacArthur Fellow
- Myron Scholes, Nobel prize winning economist, co-originator of the Black-Scholes options pricing model
- George Shultz, economist and former dean, also former U.S. Secretary of Labor, U.S. Secretary of the Treasury, and U.S. Secretary of State
- Richard Thaler, behavioral economist
Research and Learning Centers
The GSB promotes and disseminates research through numerous centers and institutes:
- Becker Center on Chicago Price Theory
- Center for Decision Research
- Center for Population Economics
- Center for Research in Security Prices
- George J. Stigler Center for the Study of the Economy and the State
- Institute of Professional Accounting
- Michael P. Polsky Center for Entrepreneurship
- James M. Kilts Center for Marketing
Notable Chicago GSB Alumni
- Norman Bobins, President and CEO of LaSalle Bank Corporation
- Archie R. Boe, former Chairman and CEO of the Allstate Corporation
- Jon Corzine, Governor of New Jersey, and former CEO of Goldman Sachs.
- Arnold Donald, President and CEO of the Juvenile Diabetes Research Foundation
- Brady Dougan, CEO of Credit Suisse First Boston
- David W. Fox, Chairman and CEO of the Northern Trust Corporation
- Roger G. Ibbotson, Founder of Ibbotson Associates
- Melvin Goodes, retired Chairman and CEO of Warner-Lambert
- Robert P. Gwinn, former Chairman and CEO of The Sunbeam Corporation
- Charles M. Harper, former Chairman and CEO of ConAgra Foods, Inc.
- Watts Humphrey, developer of the Capability Maturity Model and winner of the National Medal of Technology (2005)
- David W. Johnson, former President and CEO of the Campbell Soup Company
- Karen Katen, President of Pfizer Human Health [8]
- James M. Kilts, Vice Chairman of Procter & Gamble and former Chairman, CEO, and President, The Gillette Company[9]
- Dennis J. Keller, Chairman and CEO of DeVry Inc.
- Michael Larson, Investment Manager of Bill Gates
- Mark Loughridge, CFO of IBM[10]
- Joseph Mansueto, Founder and Chairman of Morningstar, Inc.
- John Meriwether, CEO and Principal of JWM Partners, Former CEO of Long Term Capital Management
- Jean Claude Monty, former Chairman and CEO of Bell Canada
- Joseph Neubauer, Chairman and CEO of ARAMARK Corporation
- Muna Nijem, Economics Minister of Jordan
- Greg Palast, journalist and best-selling author
- Sara Paretsky, novelist and creator of the V.I. Warshawski mystery series
- Jaime Chico Pardo, Vice-Chairman and CEO of Telmex
- Peter G. Peterson, Chairman of The Blackstone Group; U.S. Secretary of Commerce (1972-73)
- Joseph A. Pichler, former Chairman and CEO of The Kroger Company
- Philip J. Purcell, former Chairman and CEO of Morgan Stanley
- Pete Ricketts, Vice-Chairman of Ameritrade and candidate for the U.S. Senate in Nebraska
- George (Gus) Sauter, Chief Investment Officer of The Vanguard Group
- Beryl Wayne Sprinkel, Chairman of the Council of Economic Advisors, 1985-1989
- Richard H. Steiner, Broadway producer, three-time Tony Award winner (Hairspray, The Producers, and Big River)
- Fred G. Steingraber, retired CEO of A.T. Kearney
- Richard Teerlink, Chairman and CEO of the Harley-Davidson Motor Company (retired)
- Katerina Chumachenko Yushchenko, first lady of Ukraine[11]