44. University of Illinois at Chicago Liautaud Graduate School of Business
University of Illinois at Chicago Liautaud Graduate School of BusinessUIC Liautaud Graduate School of Business (MC 077)
University Hall, 601 S. Morgan St. 11th Floor
Chicago, Illinois, 60607
Admissions: (312) 996-4573
The school delves heavily into experiential learning opportunities that provide students with the skills and knowledge to compete in global business. These experiences are the cornerstone of the curriculum, and students are encouraged to find out how theory meets practice. Social value creation, entrepreneurship, innovation, and financial markets are the core competencies that drive the Liautaud curriculum.
UIC Liautaud students have the option of earning their MBA through the full-time, part-time or weekend programs. Full-time students can expect to complete the program in two years, while part-time students spend three or four years finishing their requirements. All students must complete 54 credit hours comprised of 24 core credit hours and 30 elective credit hours. The wide array of elective offerings allows students to customize their curriculum. Students can specialize in one or more of the following concentrations: Accounting, Economics, Entrepreneurship, Finance, International Business, Management, Management Information Systems, Marketing, Real Estate or Self Directed (an independent study plan).
Recently the school launched the Liautaud Accelerated MBA, which allows students with a clear career focus to complete their MBA in one calendar year. UIC is also introducing a 32-credit hour Master of Science in Finance degree that can be completed in one year of full-time study (or more than one year of part-time study); the program prepares students for professional careers in finance.
Latest Up-to-Date MBA Rankings:
Poets&Quants (2013): 44
U.S. News & World Report: NR
Financial Times: NR
The Economist: NR
Tuition & Fees: $39,908 (resident)
Tuition & Fees: $63,904 (non-resident)
Median GMAT: 580
GMAT Range (mid-80%):400-740
Average GPA: 3.36
Acceptance Rate: 52%
Full-Time Enrollment: 80
African American: 7%
Asian American: 8%
Hispanic or Latino American: 6%
Mean Age: 30
Average Base Salary: $71,679
Median Signing Bonus: NR
Percentage of MBAs with Job Offers at Graduation: NR
Percentage of MBAs with Job Offers Three Months Later: NR
From UIC Liautaud:
UIC Liautaud prepares students for a business world marked by continuous change, with academic programs that focus on innovation, entrepreneurship and a multidisciplinary approach.
Housed inside a major research university in the heart of Chicago’s thriving business community, the UIC Liautaud Graduate School of Business is all about fresh ideas, entrepreneurial savvy, positive social impact, innovative leadership and a diverse and collaborative student body— one that forms a lifelong professional network.
The UIC Liautaud Graduate School of Business offers all the Masters and PhD programs within the UIC College of Business Administration.
The MSA program provides students preparing for professional careers in accounting with all the tools they need to complete professional certification: CPA or CMA..
The MBA program offers concentrations in Accounting, Economics, Entrepreneurship, Finance, International Business, Marketing, Management, Management Information Systems, Real Estate, and a Self-Directed option. Full-time, part-time and weekend programs are available.
Management Information Systems
The MS in MIS is an advanced degree in the application of information technology to solve business problems. The program is designed to train future CIOs, project managers, and technology leaders. A student in the program may specialize in managerial, technical, or a combination of the two areas.
MBA Business graduate school core competencies:
UIC Liautaud’s nationally recognized entrepreneurship program prepares students for pioneering careers. Students develop an understanding of the skills and processes involved in venture development and how to foster their own business plans. Many participate in national competitions and start their own businesses as a result. The cornerstone Tech Ventures course series creates opportunities for students to partner with UIC scientists whose inventions have commercial potential. Working with inventors and mentors from the business community, students develop and pitch their plans in competitions judged by venture capitalists, angel investors and industry partners from across North America. UIC teams compete against teams from other top-ranked universities in regional, national and international business plan competitions, honing their skills, expanding their networks and learning well beyond a normal classroom experience.
At UIC Liautaud, our professors are leaders in both research and training related to financial markets. Professor Dale Rosenthal’s courses “Market Microstructure and Electronic Trading” and “Commodities, Energy and Related Markets” explore the workings of today’s markets. With a Market Training Room in the new Douglas Hall, sponsored by the CME Foundation, students explore innovative trading strategies through technology that simulates trading floor dynamics. By joining Professor Gib Bassett in “The Chicago Exchanges,” students develop a deeper
understanding of financial exchanges in the global economy by meeting with representatives of the CME, the Chicago Board Options Exchange, and the Intercontinental Exchange to discuss developments and issues facing their exchanges.
Interdisciplinary Product Development
Working with corporate sponsors, Liautaud MBA students join forces with students from mechanical engineering and industrial design programs to study and execute new product development from concept all the way to prototype. This two-course sequence is sponsored by client firms and often results in bringing new products to market. The sponsoring firm presents a business challenge that results in research, conception and development of innovative new products. Recent corporate sponsors include Baxter, Morningstar, Dunkin Donuts, Coinstar/Red Box, Cricket Wireless, Cobra Electronics, Dell, Motorola and Elkay Manufacturing
Social Value Creation
A growing concern for the role of business in society and the impact organizations have on their stakeholders has led Liautaud faculty to develop a four-course specialization in Social Innovation and Leadership. Spanning the for-profit and non-profit sectors, these courses prepare students to seek new ways to benefit employees, the community and the environment, as well as the owners of any organization. The courses include:
• Social Entrepreneurship
• Leading for Impact
• Social Marketing
• Sustainable Business Management
This sequence fits squarely with UIC’s Great Cities Initiative, Liautaud’s mission to train leaders who make a difference in the world, and the school’s particularly socially aware student population.
Study Abroad Options
In today’s global business environment, international experience is an immensely important building block for a successful career. The Liautaud MBA program offers two exciting opportunities for summer study abroad:
Doing Business in Brazil: a two-week introduction to the many facets of a quickly growing market, one that leads Latin American industry
Know Europe: a four-week study focused on new market entry in three major European cities
In both programs, Liautaud MBAs join students from other major business schools and compete in international case competitions.
Flexible Program Options
At UIC Liautaud, business students may pursue their degrees full time or part time and can easily change enrollment status through registration for classes each semester. A weekend MBA option, with classes on Saturday only, was introduced in Fall, 2013.
UIC Liautaud MBAs may also choose to take core courses online. Most courses are offered in the evenings, with an increasing number of advanced elective courses offered on Saturday mornings. The Liautaud MBA is a flexible program, giving students a rigorous academic experience and allowing them better business preparation without totally interrupting their careers and personal lives.
Leading Edge Learning Facilities
The UIC Liautaud Graduate School of Business is housed in the new Douglas Hall on the University of Illinois Chicago campus. The building features state-of-the art technology and interactive, flexible learning studios designed to foster creativity and innovation. A market training lab gives students the experience of a real-world financial services setting and provides the perfect venue for connecting with the business community.
The UIC Innovation Center, located in a newly renovated 10,000 square-foot research and collaboration space, represents a major cross-campus initiative supported by founding partner Motorola. Through the programs and activities of the Innovation Center, UIC is poised to become a national leader in educating for innovation and breakthrough integrative designs and technologies.
A Record of Distinction
UIC Liautaud Graduate School of Business has been awarding MBA degrees for more than 30 years and is accredited by AACSB, the world’s leading accrediting agency for programs in business administration and accounting. UIC is also accredited in accounting by AACSB, making it one of only 171 programs worldwide to receive this honor. The University of Illinois at Chicago is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools, which is recognized by the U.S. Department of Education and the Council on Higher Education Accreditation. The Liautaud MBA program has been recognized six years in a row by The Princeton Review and Entrepreneur Magazine as one of the top 25 graduate entrepreneurship programs in the United States.
Strong Alumni Network
Over 39,000 strong, UIC’s business alumni occupy a significant percentage of key leadership positions in Chicago and throughout the business world. Because over half of our alumni have graduated in just the last 15 years and are entering the most influential period of their careers, Liautaud’s reputation has never been stronger. Students and alumni gather throughout the year and network at social events , guest lectures, and in the classroom where alumni are often guest speakers or case judges..
The UIC Liautaud Graduate School of Business attracts a pioneering faculty from a wide range of disciplines who are creating new knowledge with their cutting-edge research. The highly respected faculty is published in prestigious journals, such as the Academy of Management Journal, Econometrica, and the Journal of Product Innovation Management. They are also trusted advisers to business leaders. They bring both of these perspectives – theory and application – into the classroom, developing MBAs who can launch new businesses, identify growth opportunities, and adapt quickly and easily to today’s complex market place.
A benefit of studying at Liautaud is the access students have to a bustling metropolis.
With many student organizations and events, as well as cultural activities and professional opportunities offered in the city of Chicago, Liautaud MBAs are never without an opportunity to enhance their learning experience. Liautaud’s robust student organizations complement the academic program by offering hands-on leadership and networking opportunities with faculty members, alumni and the business community.
Ten student organizations, all initiated, developed and led by students, reflect their interest in enriching the academic, social and community involvement that is part of their UIC Liautaud experience:
• MBA Association (MBAA)
• Graduate Finance Interest Network (GFIN)
• Graduate Marketing Association (GMARK)
• Institute for Operations Research and the
Management Sciences (INFORMS)
• Liautaud Student Ambassadors
• Master of Science in Accounting Association
• Net Impact
• Women’s Interest Network (WIN)
Companies That Employ Recent Liautaud Graduates:
Bank of America Corporation
Robert Bosch LLC
HSBC Bank USA
JP Morgan Chase
Kraft Foods, Inc.
Merrill Lynch & Co., Inc.
Northern Trust Corporation
Pricewaterhouse Coopers LLP
Prudential Financial, Inc.
The Walt Disney Company
United Airlines, Inc.
Wilson Sporting Goods Co.
The Wrigley Co.
W.W. Grainger, Inc