DEAN’S REPORT 2018
TA B L E O F C O N T E N T S 2
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A Note From the Dean
4 Faculty 6 Students 11 Alumni 13
IGNITE: The Campaign for UIC
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Stay in Touch
Dean’s Report 2018
In its half century of existence, our college has grown from three programs to become a top-ranked, AACSB accredited, research-based business school with an international reputation. We have built highly regarded departments in all areas and continue to be recognized by the business community for our outstanding graduates. We have come a long way by increasing faculty and student numbers, adding two PhD programs, and establishing the UIC Business Liautuad Graduate School, but we aim to do much more. We have big plans for the future, including updating curriculum to meet the changing needs of a global marketplace; adding departments to round out our degree offerings in order to give students a broader range of opportunities; recruiting faculty who are at the top of their field; expanding upon programs for undergraduate and graduate students that build their skills and networks; and breaking ground on a UIC Business building that will reflect the strength and upward trajectory of the college.
Even as UIC Business grows and looks to the future, we hold true to our mission of serving our extraordinary students, who are the foundation of the college. UIC Business students are tenacious, talented, hardworking, and come from highly diverse backgrounds. They strengthen the college and their peers by sharing new perspectives and viewpoints and engaging in real research with faculty while we help shape them into leaders who have an executive presence and are at ease in the boardroom.
A NOTE FROM THE DEAN
In this, the inaugural issue of the Dean’s Report, I want to first express my gratitude to the alumni and friends of UIC Business for their support and commitment to the college and its students. UIC Business is poised for a bright future, and alumni and friends are a big part of the reason why. As one of our more than 35,000 alumni and supporters, you know the power of a UIC Business degree. More than a credential, it is the background and preparation that gave you the opportunity to have an impact in your career, community, and beyond. As the stature of UIC Business grows, so does the value of your degree.
In the following pages you will find stories of the ways in which we are preparing these future leaders. This report is meant to serve as a snapshot of the growth and innovation taking place at the school, but by no means is it comprehensive. If you have not been on campus in a while, please consider a visit and witness the growth and change for yourself. We would love to see you. With gratitude,
Michael Mikhail, PhD Dean
Q&A with Dean Michael Mikhail
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ACADEMIC DEPARTMENTS F A C U LT Y
ACCOUNTING
FINANCE
MICHAEL KIRSCHENHEITER
ANDRIY BODNARUK
Department Head, Professor
Dr. Kirschenheiter has his PhD from the Kellogg School of Management at Northwestern University. He has taught financial and managerial accounting and corporate valuation and accounting information. His research has been published in the Journal of Accounting Research, The Accounting Review, the Review of Accounting Studies and elsewhere. He has been with the college for eleven years.
INFORMATION AND DECISION SCIENCES
SID BHATTACHARYYA
Department Head, Professor
Dr. Bhattacharyya received his PhD from the University of Florida, Gainesville. He teaches courses in data mining, capstone projects, software development, and systems analysis and design. His current research is in analytics, machine learning and computational approaches to address business problems. His work has been published in journals like Decision Support Systems, MIS Quarterly, Social Networks, Journal of Economic Dynamics and Control, IEEE Transactions, and in various conferences. He has been with the college for 21 years.
Interim Department Head, Professor Dr. Bodnaruk has his PhD in finance from the Stockholm School of Economics. He teaches behavioral finance for both undergraduate and graduate students. His research has been published in the Journal of Financial Economics, the Review of Financial Studies, and the Journal of International Economics. He has been with the college for two years.
MANAGERIAL STUDIES
BENÉT DEBERRYSPENCE
Department Head, Professor Dr. Benét DeBerry-Spence is a Professor of Marketing and a University of Illinois Presidential Fellow. She has 20 years global business experience that includes efforts with Fortune 200 companies. Her research builds on this expertise, encompassing marketing, entrepreneurship and development of African markets. Dr. DeBerry-Spence has significant involvement with African businesses, having in 2005 founded The MASAZI Visitor and Welcome Centre, an engaged research initiative in Ghana, West Africa that works with microbusinesses and that has hosted NY Times and BBC World Live. Her scholarship appears in leading journals such as the Journal of Consumer Research, the Journal of the Academy of Marketing Science, the Journal of Public Policy & Marketing, and the Journal of Retailing. She has been with UIC for 15 years and has taught global marketing, consumer behavior and the MBA Core. Dr. DeBerry-Spence received a PhD in Marketing from Northwestern University.
Click here to view current UIC Business faculty 4
Dean’s Report 2018
Dr. Hu’s research focuses on the intersection between social and technical aspects of information technology. He explores how large-scale, fine-grained online digital traces of individual behavior can help us understand the heterogeneity in individual decision-making and interactions across channels, and how the knowledge learned from such digitized behavioral traces can help facilitate transformations in various domains, such as customer relationship management (CRM), crisis management, brand image management, and online advertising. To reach those goals, Dr. Hu developed stateof-the-art data analytical techniques such as text mining, deep learning, sentiment analysis and image classification. He then combined these methods from other disciplines such as econometrics and economic structural modeling to mine, model, and predict individual behavior on various online platforms such as Twitter, Facebook, Instagram, and Kickstarter. His research has been published in premier journals such as MIS Quarterly, ACM Data and Information Quality, IEEE Transactions on Knowledge and Data Engineering, and top conferences such as ACM Conference on Human Factors in Computing Systems (CHI), International Joint Conferences on Artificial Intelligence, and Association for the Advancement of Artificial Intelligence. His research has won several awards and honors, including Best Paper Nominations at the ACM CHI conference, INFORMS CIST conference and INFORMS eBusiness Best Paper Award. In addition to two granted patents by USPTO, his research has also been widely covered by national and international media outlets such as ABC, PBS, WIRED, the Seattle Times, FastCompany, and the Sydney Morning Herald. To learn more about Dr. Hu and his research, please visit: yuhenghu.com
DR. JOHN LYNCH
Assistant Professor, Managerial Studies PhD in Management, University of Georgia
Dr. Lynch primarily researches the workplace experience of employees who possess social stigmas. “Multiple Pathways to Becoming and Acting as an Ally" is an examination of why people become allies of stigmatized populations and how they diversify communities in the workplace. An unfortunate reality is that these employees can experience both overt and subtle forms of negative treatment. However, they also can have positive experiences. A project Dr. Lynch currently has underway is examining how employees can act as allies. For example, how a heterosexual employee may support their lesbian, gay, bisexual, and transgender coworkers. This research will inform policies and practices that organizations enact to make their workplaces more inclusive for people from diverse backgrounds.
F A C U LT Y
DR. YUHENG HU
Assistant Professor, Information and Decision Sciences PhD in Computer Science, Arizona State University
Dr. Lynch conducts related research on how people define, express, and protect elements of who they are in the workplace. Given the prevalence of social media and privacy concerns in today’s society, this research sheds light on how employees can effectively manage and integrate their personal life into their work. He also researches employee volunteerism in the community. Many companies encourage their employees to get involved in their community, and there are many potential benefits for the employee, the organization, and the broader community.
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In addition to his research, Dr. Lynch teaches classes on organizational behavior, human resource management, and work-life issues. To learn more about his work, visit business.uic.edu/faculty/ john-lynch
FACULTY WITH RESEARCH DOCTORAL DEGREES
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STUDENTS
MULTI-RACE
BLACK/AFRICAN AMERICAN
ASIAN
INTERNATIONAL
HISPANIC/LATINO
WHITE
21%
INTERNATIONAL
68
%
AWARDED NEED-BASED AID
78% FROM ILLINOIS
4,183
STUDENTS 42% FEMALE 58% MALE
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Dean’s Report 2018
3,337 UNDERGRAD 846 GRAD
“It’s very encouraging to know that there are people willing to invest in me and my future, and I am beyond grateful to be selected as a scholarship recipient. It’s hugely motivating because I feel responsible to the scholarship donor to follow my dreams. Because of them, I am closer to my goals and aspirations and I can focus more on my education. Thank you for the financial support and inspiration.” TANMAYEE ACHANTI ’20
“As a first-generation college student from the South Side of Chicago, I overcame hardship and worked several part-time jobs to help fund my education. The financial aid and scholarship support I receive from UIC Business allows me to focus more on my academics and participate in campus life through clubs and extracurriculars. I am also able to give back to the community and have a positive impact at UIC. UIC Business has opened so many doors for me and facilitated my growth as an individual.” ALLEIA JAMES ’19
STUDENTS
STUDENTS IN THEIR OWN WORDS
“I absolutely adored my undergraduate experience at UIC Business and believe it has shaped me positively in many ways, which is why I came back for my graduate work.” SARAH SIDERIUS ’14/MBA ’19
“Being in the Business Scholars program is one of the highlights of my college career. The program has given me exposure to a great network, and allowed me to be around like-minded people. I owe everything I am today to this program and UIC.” ANURAG VUTHUNURI ’20
“I learned some of the most important professional skills of my college career from the iLEAD program. Because of iLEAD, I am no longer terrified of the interviewing process. I can confidently walk into an interview knowing that I am well-prepared to answer any question thrown my way.” EHLIMANA GUTOSIC ’20
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STUDENTS
iLEAD PROFESSIONAL DEVELOPMENT PROGRAM The Institute for Leadership Excellence and Development
Click to read more about iLEAD.
BUSINESS SCHOLARS The UIC Business
(iLEAD) at UIC Business builds student success by providing all business students with an innovative professional development program designed to develop the key skills in demand by today’s employers. These skills go beyond traditional classroom academics and focus on the intangible soft skills that equate with future success in the workplace. Utilizing improvisational theatre techniques and experiential learning activities, UIC Business faculty lead students to practice teamwork, problem-solving, decisionmaking, and relationship-building skills. Experiential course work, internships, community service, mentoring and advising form the unique components of the program.
Scholars program was created in 2013 with the goal of providing leadership and professional development for high-achieving students. Students enrolled in the program enjoy benefits such as small class sizes, innovative curriculum, seminars led by industry leaders from around the country, professional mentoring, and scholarship awards. The reputation of the highly-selective Business Scholars program has enabled UIC Business to recruit some of the brightest and most ambitious business students, and the program has grown every year to meet student demand.
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Dean’s Report 2018
STUDENTS
DEGREE PROGRAMS At UIC Business, student potential is transformed into real world success. A proven education, access to professional experiences, and training in relevant skills add up to exciting opportunities.
Click on any of the programs to learn more.
UNDERGRADUATE PROGRAMS
GRADUATE PROGRAMS
• BSA Bachelor of Science in Accounting
• MBA Master of Business Administration
• BSE Bachelor of Science in Entrepreneurship
• MSA Master of Science in Accounting
• BSF Bachelor of Science in Finance
• MSBA Master of Science in Business Analytics
• BSIDS Bachelor of Science in Information and Decisions Sciences
• MSF Master of Science in Finance
• BSM Bachelor of Science in Management
• MIS Master of Science in Management Information Systems
• BSM Bachelor of Science in Marketing
• MSM Master of Science in Marketing
• BBA Online Bachelor of Business Administration Degree Completion Program
• MSSCOM Master of Science in Supply Chain and Operations Management
DOCTORAL PROGRAMS
• PhD in Business Administration: Accounting Emphasis • PhD in Business Administration: Human Resource Management Emphasis • PhD in Business Administration: Information and Decision Sciences (IDS) Emphasis • PhD in Business Administration: Marketing Emphasis • PhD in Management Information Systems
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100+
STUDENTS
Professionals from the Chicago business community volunteer on campus to help students explore careers in business.
CAREER SERVICES
The UIC Business Career Center provides students with full-service intensive career preparations including mock interviews, resume reviews, interviewing tips, one-on-one career advising, and elevator pitch practice. This year over 150 employers recruited on campus and more than 100 professionals worked directly with students to provide career advice, help them prepare competitive resumes and practice for interviews.
CLICK HERE TO LEARN ABOUT HIRING UIC BUSINESS STUDENTS.
READ MORE STUDENT SUCCESS
STORIES BY VISITING OUR BLOG.
Founded at UIC Business: One. Clothing Brand UIC Business Stamps our Passport Touring with an Atlantic Records Artist as a Creative Director Pitching a Client as a General Mills Intern Sarah Siderius Gets the Job Done at Google
150
+
Companies recruit on campus through branding days, off-site visits, info sessions and career fairs.
54%
of seniors completed internships prior to graduation 10
Dean’s Report 2018
UIC Business is uniquely poised to meet the next century in a way no one else can. As we forge the future of public education, we are committed to engaging with you, our alumni and friends, in new ways to support our students, faculty and communities. A UIC Business degree is more than a credential, it is the background and preparation
that gave you the opportunity to have an impact in your profession, community, and beyond. In its half century of existence, our college has grown from three programs to a top-ranked, research-based business school with an international representation. The following map represents where UIC Business alumni live around the world.
ALUMNI
YOU ARE UIC
24,848 IN ILLINOIS*
*as of 07/02/18
UIC BUSINESS ALUMNI AND FRIENDS
Over the past year, alumni and friends of UIC Business gathered at alumni receptions, Leadership Breakfast Series events, and the IGNITE Campaign Kickoff. Please visit business.uic.edu to learn about upcoming events. We hope to see you at an event this year!
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ALUMNI
SPROUTING LEADERS Sprouting Leaders is a nonprofit founded in 2012 by UIC College of Business Administration alumnus Raul Rosas ‘12 and UIC College RAUL ROSAS of Engineering alumnus FOUNDER, VICE Juan Camacho ‘14. The PRESIDENT organization seeks to promote BS ACCOUNTING ‘12 academic and personal development in Chicago youth from underserved communities. By providing one-on-one mentorship and education to students beginning when they are in middle school, Sprouting Leaders prepares participants for success in high school, college, and beyond. "It's incredible to see what a group of young leaders from Chicago can do,” Raul states. “We are truly making a difference and empowering the next generation of leaders in Chicago.” To learn more about Sprouting Leaders and how to get involved, please visit sproutingleaders.org.
PAYING IT FORWARD “Serving on the Executive Committee of the BAC (Business Advisory Council) and mentoring young professionals is my way of paying it forward. During my time at UIC and throughout my career, I have been the beneficiary of great mentoring. Mentoring helps you see what you don’t know you don’t know and if you are open to it, can help you develop skills and understanding well beyond your years of experience. It can truly change your trajectory. As a mentor, when you can help make a difference in someone’s life, even if it’s small, it is a wonderful gift. I am very fortunate to continue my work at UIC as a mentor and as a part of the BAC.” HEIDI VERBISCER, CPA BS ACCOUNTING, '99
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Dean’s Report 2018
As part of IGNITE: The Campaign for UIC, UIC Business has set the ambitious and game-changing goal to raise $25M. The strategic investments we make will empower the next generation of graduates to be industry leaders and will elevate the scholarly profile and reputation of the college.
CAMPAIGN PRIORITIES
CAMPAIGN PROGRESS
Transforming student potential into career success UIC Business offers a rigorous education and career pathway for students from highly diverse backgrounds. We are committed to offering innovative programs and support so that UIC Business students may realize their full academic and career potential. In service of this commitment, we will continue to expand the iLead Professional Development Program, increase the scholarship offerings for UIC Business students, enhance the Business Career Center, and complete a new facility to provide our community a vibrant, central location to study and interact.
GIVING
IGNITE: THE CAMPAIGN FOR UIC
Elevating research profile As Chicago’s only public research university, developing new knowledge is paramount to the educational experience of our students and to UIC Business’s contributions to 21st century business practice. To realize our ambitions for rigorous academic inquiry and innovative thought leadership, we need to attract the best faculty and be seen as a site for multi-disciplinary excellence. Developing and deploying resources to increase the number of faculty fellowships, chairs, and professorships will enable us to recruit top faculty. Establishing programs for visiting scholars and professorships, and hosting national conferences will attract world-renowned academics and business leaders to our campus and promote the exchange of knowledge among faculty, students, and alumni.
32% OF $25M GOAL RAISED* *as of 09/01/18
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DONOR RECOGNITION SOCIETY
GIVING
The excellence of UIC Business relies on the generous support of the UIC Business community. In an effort to formally thank donors for their impactful contributions, the college established the Donor Recognition Society this past year.
LOYALTY CIRCLE
Donors who have given two or more consecutive years.
LEADERSHIP CIRCLE
Donors who make annual gifts of $1,000-$4,999.
DEAN’S CIRCLE
Donors who give $5,000 or more annually.
SCHOLAR CIRCLE
Donors who give $5,000 or more annually to support endowed scholarships.
GIVING SOCIETY MEMBER BENEFITS LOYALTY CIRCLE
LEADERSHIP CIRCLE
DEAN’S CIRCLE
SCHOLAR CIRCLE
Quarterly newsletter
Early access to UIC Business events
Complimentary admission to special events
Annual giving report
VIP assistance for University-related business
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Endowment report
Opportunity to meet student scholar
Dean’s Report 2018
LAST YEAR 381 DONORS CONTRIBUTED OVER
3.98M
GIVING
$
TO UIC BUSINESS
TO LEARN MORE ABOUT GIVING, VISIT BUSINESS.UIC.EDU/ GIVING
GIVING BACK “I give back to UIC Business because the school made a huge difference in my life. Seeing the work ethic, intelligence and drive of the students energizes me to continue to make a difference in their business lives.” RAY ROMAN ’88 “UIC Business helped prepare me for a successful career in financial services and I’d like to help others gain that same advantage with their career goals.” CLARK DELANOIS ’87 “I believe supporting UIC, a top educational institution in Chicago and the nation, is a privilege and a duty. UIC equips our youths’ future through a rigorous academic and social conscience education.” LOIDA ROSARIO ’86
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S TAY I N T O U C H
Stay connected throughout the year by following the UIC Business Alumni Network on Facebook and LinkedIn.
STAY IN TOUCH Follow UIC Business on social media. /UICBusiness
@UICBusiness
@UICBusiness
Visit the UIC Business blog at blog.business.uic.edu To get involved please visit our website. To sign up as a volunteer please complete the UIC Business Volunteer Interest Form.
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Dean’s Report 2018
S TAY I N T O U C H
OFFICE OF ADVANCEMENT 601 S. Morgan Street UH 2427 (MC 075) Chicago, Illinois 60607 Phone: (312) 996-5916 Email: cbalumni@uic.edu To contribute to UIC Business, please visit business.uic.edu/giving Your contributions help make UIC Business more than just a degree; it’s a journey. Thank you for believing in the future of the college and its students.
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