Business education at Illinois Tech dates back to the late 1890s, with courses in “Family and Consumer Science,” including “Home Economics” and “Household Management,” being offered by the Lewis Institute, Stuart's original home, and the Institute's subsequent formation of the university's Department of Business and Economics in 1926.
Over 125 years, beginning with Julia A. Beveridge and George N. Carman, early leaders of the Lewis Institute, as well as scholarly works by Herb A. Simon (author of Administrative Behavior, later awarded the Nobel Prize in Economics), Karl Menger (developer of the St. Petersburg paradox in economics[3]), and Abe Sklar (developer of the Copula in financial modeling), the Stuart School of Business has evolved to provide education centered around management/administration, finance, and analytics.
In 1990, Stuart established quantitative finance as an academic discipline, with the world's first postgraduate Master's program in Financial Markets and Trading.
Our approach results in thought leadership and advances students’ careers in technologically oriented private and public sector industries worldwide.” Today, Stuart offers academic programs (many STEM-designated) in the disciplines of business, economics, finance, analytics, marketing, management, and public administration paired with co-curricular leadership, mentorship, entrepreneurship, and experiential learning opportunities focused on student development and success that have positive societal impact and connect individuals to the business community.
As part of the Illinois Institute of Technology, Stuart is also accredited by the Higher Learning Commission (HLC).