When you’re ready, there are no surprises. You’re prepared for change.
When it comes, you know whether to move left, right, or go straight
ahead. Chances are you made that change happen, so you know it’s
coming. You’re not afraid. You welcome what’s next.
IIT STUART SCHOOL OF BUSINESS PREPARES YOU TO SEE THE
WORLD DIFFERENTLY. AND TO REACT CONFIDENTLY.
HERE I AM.
I’M READY.
SURPRISE!
BIRTHDAYS, PERHAPS. IN BUSINESS, SURPRISES AREN’T
NECESSARILY A GOOD THING. YOU NEED AN EDUCATION THAT
TRAINS YOU TO SEE WHAT’S NEXT—TO BE PREPARED AND
MAKE CHANGE HAPPEN.
SO WHAT
IS NEXT?
Here’s how business will work in the
future. Cutting-edge analytics and
quantitative methodologies will give
businesses the competitive edge.
So will emerging and advanced
technologies. Entrepreneurship and
a “go for it!” ethic will be behind the
big innovations.
THIS IS HOW BUSINESS WILL WORK
IN THE NEXT GLOBAL ECONOMY.
WILL YOU BE READY?
For nearly 125 years, IIT has embraced technology and innovation. The same entrepreneurial spirit that led to the founding of the university in 1890 is a driving force at IIT today. It’s the same spirit that led our alumni to invent such game-changing innovations as the cell phone and Pentium chip. IIT is the only top-tier, technology-focused research university in the Chicago area with a business school.
At IIT, you will be surrounded by students who study in tech-related fields—engineers, programmers, industrial designers, lawyers, and architects. You’ll learn to speak the language of high-tech—an essential business skill in the next global economy.
ILLINOIS INSTITUTE OF TECHNOLOGY
A different kind of university
The Colleges of IIT
IIT Armour College of Engineering IIT Chicago-Kent College of Law IIT College of Architecture IIT College of Psychology
IIT College of Science and Letters IIT Institute of Design
IIT School of Applied Technology IIT Stuart School of Business
CHICAGO
A Great Global City
The world is your oyster when
you live in the pearl.
You want access to top companies and the latest industry-relevant ideas? You can get it when you live in Chicago—home to the world’s busiest futures exchange and 11 Fortune 500 companies (32 total in the metro area).
You want to live in a city that stands out on an international stage? You can when your home is Chicago, one of the world’s great cities—and the third-largest city in the United States. You want an all-access pass to diversity and culture on a global scale? You can find it in Chicago—a city with unparalleled architecture, museums, nightlife, sports, food, and neighbor-hoods representing nearly every ethnicity you can think of.
A CAMPUS
IN THE HEART
OF IT ALL
At IIT, you’ll study business in a city
where business happens 24/7.
IIT’s stunning Main Campus is located just minutes south of downtown in the historic Bronzeville neighborhood. Housing the world’s largest collection of buildings by legendary architect and former faculty member Ludwig Mies van der Rohe, Main Campus was named by Forbes magazine as one of “America’s most beautiful college campuses.”
IIT’s Downtown Campus, home of IIT Stuart’s part-time programs, is located just steps from Chicago’s “Loop” financial district. The Board of Trade is mere blocks away. So are all the top finance companies, banks, and marketing agencies, as well as nonprofits.
BEAUTY AND BRAWN.
IIT Stuart is different. Our students are different. So are our faculty,
our academic strengths, and our outlook on business.
At Stuart, you’ll learn how to stand out. Your fellow students will
represent just about every country you can name. So will Stuart’s
faculty members. With such diversity, you’ll gain a global awareness
and learn how to shape your own informed worldview.
IIT STUART
SCHOOL OF BUSINESS
MASTER OF BUSINESS ADMINISTRATION
MASTER OF SCIENCE IN ENVIRONMENTAL MANAGEMENT AND SUSTAINABILITY MASTER OF SCIENCE IN FINANCE
MASTER OF SCIENCE IN MARKETING ANALYTICS AND COMMUNICATION PROFESSIONAL MASTER’S DEGREE—MASTER OF MATHEMATICAL FINANCE MASTER OF PUBLIC ADMINISTRATION
Degrees that get noticed
IIT Stuart’s Master of Finance degree program is ranked 3rd in the United States and 20th globally by the Financial
Times. Stuart finance graduates ranked the college 5th for
IIT Stuart’s curriculum emphasizes analytics and quantitative methodology, hands-on learning, and real-world problem solving. You will learn practical skills and bold thinking. So whether you’re the head of a company or the go-to person who can answer the tough questions, you will be prepared to lead your business successfully.
What are Practical Skills for the Next Economy?
• Quantitative methods and analytics
• Multidisciplinary problem-solving skills
• Sustainability
• Ethics and corporate social responsibility
• Cultural intelligence
Counted Among the Best
IIT Stuart is listed in the Princeton Review’s “Best 294 Business Schools.”
Recognized for sustainability and leadership
IIT Stuart’s M.B.A. program is ranked in the Top 100 glob-ally in the Aspen Institute’s Center for Business Education survey Beyond Grey Pinstripes. The ranking focuses on the extent to which business programs prepare students for social, ethical, and environmental stewardship.
1
Academic Focus
IIT Stuart views the world—and the traditional business degree—differently. Our strengths include topics that will matter in the next economy: analytics, quantitative methods, finance, sustainability, and technology. We integrate these topics throughout our degree programs.
2
Technology
Technology is in IIT’s name and all around our campuses. We speak the language—and you will, too.
3
Research
IIT is a university where research and discoveries are taking place in innovative areas: energy and sustainability, biomedicine, food science, and data mining, among others. Stuart faculty are conducting research in cutting-edge areas such as game theory, venture capital markets, high-frequency trading, risk management, and more.
4
Global Education
IIT Stuart students come from all over the world. You’ll gain new knowledge about everything from politics to music— cultural awareness necessary in a world where business is increasingly global.
5
Real-World Education
Our faculty members boast extensive work experience in their fields of study. This means you’ll benefit from a good balance of theory and practical instruction.
6
Strategic Competitiveness
Stuart’s curricular approach is based on the framework of strategic competitiveness, which teaches the concepts of creativity, entrepreneurship, innovation, sustainability, leadership, and incisive decision making. You will learn how to compete—and create transformative change—in business and the public sector.
WHY
IIT STUART?
Master of Business Administration
IIT Stuart’s M.B.A. program teaches students to be strategic leaders who are skilled and nimble in multiple disciplines. As the only program of its kind in Chicago offered within a technology-focused university, we particularly speak the language of students with backgrounds in engineering, science, or other quantitative disciplines. Students graduate with the ability to maneuver the complex dynamics of cutting-edge companies, to be credible and competitive leaders, and to speak the language of innovation.
Dual-degree options in law, public administration, and design allow students to gain highly marketable, advanced skills in such areas as finance, quantitative analysis, and user-centered design.
Dual-Degree Options
M.B.A./Juris Doctor (offered in conjunction with IIT Chicago-Kent College of Law)
M.B.A./Master of Public Administration
M.B.A./Master of Science (in Finance, Environmental Management and Sustainability, or Marketing Communication) M.B.A./Master of Design
(offered in conjunction with IIT Institute of Design)
M.B.A. Concentrations
Strategy and Leadership Business and Society Sustainability
Creativity and Innovation Emerging Markets China Studies Technopreneurship Technology and Marketing
Management of Nonprofits Management of Public Sector Business Analytics
Finance—Three different tracks are available: Corporate Finance, Risk Management, and Investment Management
Build Your Own Concentration
Subject to the approval of the M.B.A. program director, students may also develop a customized concentration that best meets their specific career aspirations. Students may select from any of the courses listed above (as long as prerequisites are met).
Certificate Programs
Innovation and Emerging Enterprises
Business Analytics Marketing Management
Master of Science in Environmental Management
and Sustainability
In an era of rapid globalization, a company’s ability to find sustainable business solutions can be a game changer. The multidisciplinary M.S. in Environmental Management and Sustainability program trains professionals who can make the business case for sustainability. Students gain insights into vexing environmental and societal issues that impact business growth —and learn how to develop solutions.
Stuart’s M.S. in Environmental Management and Sustainability program is one of only a few programs of its kind at a business school in the country, and the only sustainability program within a business school in Chicago. Integrating law, science, and business, it offers a one-of-a-kind educational experience at a university that embraces energy and sustainability as top research priorities. (They’re also a big part of the IIT culture. IIT ranks #2 in Princeton Review’s “best green rating” of Illinois universities.)
Bryan Tillman
M.S. Environmental Management and Sustainability/M.B.A. (Marketing Concentration)
B.S. Intercultural and Organizational Communications, Arizona State University
Employer: PNC Bank
His Involvement: IIT Stuart Net Impact
Net Impact is a member-based nonprofit group whose aim is to create positive social impact through business.
“ IIT is one of the best universities offering envi-ronmental management and sustainability within its business school. Having a full understanding of how I can advance society’s ability to become more sustainable, I can leverage my business back-ground and knowledge to create a competitive advantage for the firms I work for in the future.”
Dual-Degree Options
M.S. Environmental Management and Sustainability/Master of Business Administration M.S. Environmental Management and Sustainability/Juris Doctor
Certificate Programs
Compliance and Pollution Prevention Sustainable Enterprise
Master of Science in Finance
The global financial industry has evolved dramatically in the past decade—and seems to move faster than a high-speed trading algorithm. Stuart’s M.S. in Finance program teaches students the strategic insights into how commercial and invest-ment banks, investinvest-ment manageinvest-ment companies, hedge funds, private equity firms, and regulatory agencies operate and thrive in this environment.
Students gain the knowledge to be the finance experts of the next economy, studying in a top-ranked program in the home of the world’s largest markets in financial derivatives. Eight concentrations allow you to hone your skills and prepare yourself for such careers as a quantitative financial analyst, financial risk manager, financial engineer, portfolio manager, hedge fund manager, and more. If you want a degree from a recognized leader in finance, Stuart is the place to be.
Dual-Degree Options M.S. Finance/Master of Business Administration M.S. Finance/Juris Doctor Finance Concentrations Corporate Finance
Financial Economics and Econometrics Financial Engineering Financial Markets Financial Programming Investment Management Risk Management Trading Certificate Programs Finance Toolbox Fundamentals of Finance
Stuart’s finance program is ranked 3rd in the
United States and 20th globally by the Financial Times.
James Wozny
M.S. Finance
B.S. (Double Major) Accounting and Management, Minor in Finance, Purdue University
Employer: A Proprietary Trading Firm in Chicago’s Loop His Goal: To own his own trading firm
“ I have been fortunate to have many classes with part-time students who are also working full-time. These working students bring real-world issues into the classroom that we can all discuss and learn from. I like that Stuart professors allow us to talk about current issues and the best way to solve them. Working professionals have the opportunity to hone their skills and full-time students are prepared for current real-world issues.”
Master of Science in Marketing Analytics
and Communication
Now more than ever, organizations are gathering seemingly endless quantities of data about their customers, and new technologies such as social media are drastically altering how companies interact with their audiences.
In the next economy, there will be a significant demand for mar-keting specialists who understand emerging technologies in the areas of new media and analytics, and who can transform data and analysis into competitive advantages for their companies. IIT Stuart’s Marketing Analytics and Communication program is the only program of its kind offered at a business school in Chicago. It teaches students the latest industry-relevant trends and technologies that allow them to be forward-thinking marketing specialists who can convert data into insights and translate marketing analytics into successful business strategies.
Dual-Degree Option
M.S. Marketing Analytics and Communication/ Master of Business Administration
Master of Public Administration
The public sector in the next economy will be smaller than it is today, requiring professionals who are well versed in a variety of disciplines and capable of moving across boundaries with ease. IIT Stuart’s Master of Public Administration program offers students access to the disciplines and the concepts of the next economy through its unique position in a business school at a technology-focused university. Students gain a practical orientation toward public and nonprofit management and policy analysis at a univer-sity with a legacy of education in public administration that dates back to the 1940s. You’ll be prepared for a career in fields ranging from nonprofit and mission-driven management to public works and social entrepreneurship.
Dual-Degree Options
M.S. Public Administration/Juris Doctor
M.S. Public Administration/Master of Business Administration
Certificate Programs
Nonprofit and Mission-driven Management Public Management
Security, Safety, and Risk Management
Economic Development and Social Entrepreneurship
Professional Master’s Degree—Master of
Mathematical Finance
Major transformations in global finance have created an increased demand for professionals with a deep understanding of the modern financial system and the ability to provide quantitative services to the financial sector.
In this joint program offered in conjunction with IIT’s Department of Applied Mathematics, students gain the theoretical understanding and practical skills needed to have a competitive edge in formulation, implementation, and evaluation of the models used by the financial sector to structure transactions, manage risk, and construct investment strategies.
Careers in financial institutions, investment banks, commodities firms, and academia are just some of the opportunities for graduates of this program.
GET AN EDGE
“ At Stuart, there is a focus on global financial markets and financial market structure. Stuart’s finance engineering is the perfect discipline that combines mathematics, programming, and finance. In Chicago there are many proprietary-trading companies. Finance is no longer just finance—it is an engineering discipline, and Stuart faculty identified this a long time ago. You won’t find a program like this at other schools.”
— Rajeev Ranjan (M.S. FIN ’10), Policy
Specialist, Financial Markets Group, Federal Reserve Bank of Chicago
Doctor of Philosophy in Management Science
IIT Stuart’s Doctor of Philosophy in Management Science program is a culmination of the school’s strengths in the next economy topics of analytics, quantitative methods, and business in the context of science and technology.
Students gain in-depth knowledge of these specializations, mastering the application of quantitative methods, analytical tools, and computer models to decision-making problems. They learn how to apply the latest management science techniques to manage risks, and how to design and implement systems that improve the efficiency and ef-fectiveness of organizations. Interdisciplinary research represents a key strength of the Stuart School, and this is emphasized in its Ph.D. program. Students develop the skills and appreciation needed to excel in research projects that integrate knowledge across disciplines. IIT Stuart is the only business school in the Chicago area to offer a Ph.D. program on either a part-time or full-time basis.
Ph.D. Concentrations
Finance Operations
Ghazale Haddadian
Ph.D. Candidate in Management Science (operations concentration) M.B.A., Wright State University
“ My dream is to eradicate poverty and hunger around the world, and to help people reach their highest potential. At IIT Stuart, I have the opportunity to learn, to share, and to explore ideas and possibilities that I would never have otherwise done.”
IIT STUART STUDENTS
An international education in Chicago
If you want to know what kind of business school IIT Stuart is, look no further than our students. They are smart, diverse, culturally aware, creative, and innovative. They have an entrepreneurial spirit and like a good challenge. They are into next-economy topics like finance, data-driven marketing, and sustainability, and choose to study at Stuart because it’s different from other schools.
Our students have degrees in engineering, computer science, and law, as well as business, the social sciences, and the humanities. Stuart students learn how to shape their own informed, global worldview through connections with fellow students from varied backgrounds and interests.
IIT Stuart students have access to co-curricular initiatives and programs that teach transformative leadership skills that recruiters and employers are seeking in top-tier business graduates. You’ll expand your perception and understanding of the global market-place while advancing your ability to innovate and lead others.
OUR STUDENTS LEARN HOW TO BE LEADERS
WHETHER LEADING TEAMS OR LEADING
THE BIG IDEAS.
In addition to Stuart’s business-related student organizations, IIT is home to more than 150 affinity and interest-based student groups. With organizations spanning finance, environmental management, marketing, culture, religion, athletics, and more, the opportunities to engage in the Stuart community are endless.
Business-related student groups include:
➜ Net Impact—With its international presence, Net Impact develops
leaders who are able to leverage their careers and skills to facilitate transformative change in both their workplace and the world.
➜ Stuart Investments—This student-managed investment fund allows students to gain real-life investment experience by trading with real money.
➜ IIT Stuart’s American Marketing Association Collegiate Chapter—
With the AMA headquartered in Chicago, students have direct access to its rich array of professional development and networking opportunities.
Winning the Challenge
A team of IIT Stuart students beat out 44 teams to win the Americas final of the 2012 CFA (Chartered Financial Analyst) Institute Research Challenge, an educational initiative that was established to promote best practices in research among the next generation of financial analysts and to provide students with insight into the investment industry. The Stuart team advanced to the global finale—the equivalent of an international “Final Four.”
Last year, IIT Stuart students represented
37 foreign countries, including
• Australia • Brazil • Bulgaria • China • Colombia • Ethiopia • France • Germany • Greece • Hong Kong • India • Indonesia • Iran • Ireland • Japan • Kazakhstan • Kyrgyzstan • Macao • Macedonia • Malaysia • Mexico • Mongolia • Nigeria • Pakistan • Russia • Saint Lucia • Saudi Arabia • Senegal • Singapore • South Korea • Spain • Sweden • Taiwan
• Trinidad and Tobago • Turkey
• United Kingdom • Vietnam
IIT STUART
ALUMNI
Gain a go-anywhere kind of degree
Where do our graduates go? Anywhere they want, really. IIT alumni have a unique skill set, gained from study at a highly interdisciplinary school where the unifying language combines finance, analytics, and international expertise. Graduates are leaders at international corporations, work as financial analysts, and manage the sustainable growth of their businesses.
What is your definition of success?
It might be the penthouse view. Or maybe it’s wearing your sneakers to work every day. It could be leading a Fortune 500 company—or being the person behind the scenes with the technical savvy to really call the shots.
CHOOSE YOUR OWN ADVENTURE.
THAT’S SUCCESS.
Skills That Get Noticed
“ In the next economy, there will be a general trend
away from the highly specialized employee toward
a more technically diverse, self-sufficient employee.
Stuart honed my technical and analytical capabilities
for quantitative finance.”
— Solomon Shields (M.S. Finance ’08), Account Manager,
North American Credit and Risk Management, NASDAQ OMX
Our graduates get jobs.
Just a few of the companies where our alumni work:
Global Information Systems Kraft Foods
Techligent Systems HSBC
AlphaMetrix Bloomberg
China Bank (China Banking Corporation)
CME Group
Deutsche Bank AG McKinsey & Company Thomson Reuters
TransLumen Technologies Hitachi Group
The Plant (Chicago)
Smithsonian Environmental Research Center
Geneva Trading
IIT STUART
FACULTY
Learn from the pros
IIT Stuart students gain highly marketable career skills in analytics, internation-al business, finance, sustainability, and marketing because their professors are experts in these areas. You’ll learn from software engineers with M.B.A.s, chemists with business Ph.D.s, and environmental engineers who consult on green business strategies.
Our faculty are a gateway to the world, representing multiple countries and ethnicities. Their unique perspectives and experiences make them well equipped to teach students how to see things differently. They will prepare you to succeed in a business climate that is increasingly global and diverse.
Experience that matters
IIT Stuart faculty are world-class practitioner-scholars with industry experience that is relevant to topical business issues of the next economy.
LEARN TO SPEAK THE LANGUAGE OF THE NEXT ECONOMY
FROM THE PEOPLE WHO ARE HELPING TO SHAPE IT.
OUR FACULTY HAVE
INDUSTRY EXPERIENCE,
INCLUDING
➜ Health care technology management ➜ Legislation and policy design for
the United States government ➜ Software engineering for Motorola ➜ Consulting for multinational
companies such as Samsung, DuPont, and KPMG
➜ Green business strategy for an international bank providing development financing
➜ Work at the CBOE Futures Ex-change, National Commodity & Derivatives Exchange
IIT Stuart’s low 18:1 student-to-faculty ratio means you will have a voice in class. You’ll know your professor on a first-name basis and be able to collaborate constructively with your fellow students.
OUR
PROS
John Bilson
Professor of Finance
Vitae
Education: B.S. and M.S. Economics, Monash University
(Australia); Ph.D. Economics, University of Chicago
Professional Experience: senior vice president, The Chicago
Corporation; president, BetaSoft Management; vice president, Trading Development Corporation
“ Financial markets are dynamic and no approach to the markets will last forever. At IIT Stuart, we teach students
how to learn, rather than what to learn. Students often ask
me how I can continue to teach the same material. My answer is that the material that we teach is different every time we teach the class.
“ For finance people, Chicago is both the intellectual and practical center of the universe. I love the exchanges, the universities, and the train stations where the grain was shipped in and the people shipped out in the nineteenth century. It is impossible to study finance in this city without being aware of its historical significance.”
Weslynne Ashton
Assistant Professor of Environmental Management and Sustainability
Vitae
Education: B.S. Environmental Engineering, Massachusetts Institute
of Technology; M.S., Ph.D. Environmental Science, Yale University
Professional Experience: consultant to various United States and
international private and public entities on cleaner production, industrial ecology, and sustainable business strategies; managing director, Technology Experts Caribbean Holdings (Trinidad and Tobago); environmental engineer, Gradient Corporation (Massachusetts, U.S.)
“ Sustainability is emerging as a transformative paradigm for businesses to succeed in the next economy. It is not just about managing social and environmental impacts of factories, but also about developing innovative products and services that meet people’s needs and improve their lives. Businesses that truly understand sustainability realize that it is not confined to enhancing their corporate reputation or to a single department, but that it must be embedded throughout their companies.
“ Stuart’s sustainability program allows students to explore the breadth and depth of business and sustainability issues in the real world. Our courses cover technical aspects of environmental performance measurement, legal and policy issues, as well as traditional business functions. In many of our classes, we work with clients from the private and public sectors on projects aligned with the clients’ real needs, such as designing environmental management systems and developing strategic sustainability plans.”
Liad Wagman
Assistant Professor of Economics
Vitae
Education: B.S. Computer Science and B.A. Mathematics, University
of North Carolina; M.S. Computer Science, Stanford University; M.A. and Ph.D. Economics, Duke University
Professional Experience: research fellow, Duke University Social
Science Research Institute; research associate, Duke University Computer Science Department
“ My specialization is the application of modeling techniques from game theory to the study of issues in microeconomics, industrial organization, marketing, operations, and finance. Game theory helps explain the fundamental strategic tensions that exist in the marketplace, underlying many to-business and business-to-consumer interactions. Game theory is also the analytical backbone of Internet monetization, driving the structure behind countless advertising auctions and design decisions.
“ At IIT Stuart School of Business, we embed tools from game theory in our curriculum, beginning with a core course on managerial economics, to a course on strategic marketing, and a course on negotiations and strategic decision making. We equip our students with the ability to view interactions in the marketplace, including those between themselves and future employers, through a game-theoretic lens, shedding critical light on how to best tackle challenging real-world problems.”
Ben Van Vliet
Assistant Professor of Finance
Vitae
Education: B.A. Business, Calvin College; M.S. Financial Markets
and Trading, and Ph.D. Management Science, Illinois Institute of Technology
Professional Experience: Author of Building Automated Trading Systems and
co-author of Quality Money Management, as well as numerous academic articles relating to high-frequency trading and automation
“ There’s nothing cooler than automated trading. As an emerging discipline, automated trading covers quantitative finance, trading strategy, computer programming, risk management, project management, and even organizational structure and behavior. And Chicago is the best place in the world to study automated trading, because so many trading firms, exchanges, and hedge funds are tackling the competitive issues right in our backyard. “ In my classes, we spend our time discussing technologies and
programming techniques and applying them to problems in finance and automated trading. In their projects, my students get the chance to really get their hands dirty with the issues of getting things to work in both quantitative research and real-time trading environments. When new technologies arise, I incorporate them into my courses so students are well-prepared to hit the ground running when they get a job.”
Let’s Get Started.
Thank you for your interest in IIT Stuart School of Business. Our students, faculty, and alumni will be the first to tell you that business professionals need to be more than proficient in their fields in order to succeed in the next economy. They must possess a broad platform of skills—in cutting- edge disciplines such as finance, analytics, sustainability, and quantitative methodologies—and have the global awareness and confidence to innovate and lead.
At Stuart, you will receive the relevant, global education you need to be competitive in today’s workplace. Our programs intertwine the concepts of creativity, entrepreneurship, incisive decision making, leadership, and innovation. Our faculty-professionals offer practical instruction, where the real-world challenges of strategically competitive companies are discussed and where technology is embraced as a tool for innovation. Whether you are interested in a career with a Fortune 500 company, a nonprofit, or a government entity—or you are looking to start your own business—a graduate degree from IIT Stuart is the best way to prepare yourself for what lies ahead.
Harvey Kahalas
Dean
Office of Graduate Admission 10 W. 33rd Street Perlstein Hall, Room 203 Chicago, IL 60616
312.567.3020
866.472.3448 (outside Chicago) 312.567.3138 (fax)
admission@stuart.iit.edu
It is the intention of Illinois Institute of Technology to act in accordance with all regulations of the federal, state, and local governments with respect to providing equality of opportunity in employment and in education, insofar as those regulations may pertain to IIT. IIT prohibits and will act to eliminate discrimination on the basis of race, color, religion, national origin, gender, sexual orientation, age, disability, or veteran status.
