[6] Marshall A. Robinson was assigned as dean of the new school, which discontinued the issuance of undergraduate degrees and had an MBA class of 25 students its first year.

[citation needed] For much of the 1960s, business classes were held in the Cathedral of Learning and Bruce Hall.

In their honor, the building now known as Thackeray Hall was named after them and dedicated as home of the business school.

[10] In the 1990s Katz became the first US institution to offer an MBA in Central Europe,[11] and in 2002 launched a bioengineering dual-degree program.

The facilities include a $2.3 million, 3,000-square foot Financial Analysis Laboratory, featuring a trading room, and a ticker for a realistic Wall Street trading room environment, a business library, a student kitchen, and Bottom Line Bistro coffee shop and cafe.

Full-time MBA students are required to take 27 credits of core courses encompassing Finance, Accounting, Economics, Statistics, Decision Technology, Organizational Behavior, Marketing, Strategy, and Information Systems.

Examples of these experiences include the Kenneth Woodcock Fellows in which students work with not-for-profits, the Randall Family Big Ideas Competition, and the Consulting Field Projects during which students have worked with such participating companies as Westinghouse Electric Company, Siemens, Philips, and PNC Financial Services.

The one-year program is designed primarily for people with strong academic backgrounds in economics or business and substantial work experience.

[17] Katz offers an Executive MBA that typically takes two years to complete and may be completed at one of many different extension facilities—in North America (Pittsburgh, Pennsylvania), South America (São Paulo, Brazil), and Europe (Prague, Czech Republic).

National rankings of Katz' MBA program include #37 by Forbes,[28] #49 by Bloomberg BusinessWeek,[29] and #39 by U.S. News & World Report.

[33] The Katz Two Year MBA program has also been ranked #12 in the world by Times Higher Education and the Wall Street Journal.

Students with limited background in accounting who are looking to change careers can take prerequisite courses as part of the program, which typically can be completed in four terms or fewer.

Katz is ranked 39th in North America and 44th in the world from 2009 to 2013 in Business School Research contribution.

Most faculty members are also very active in business projects from community development to consulting multinational companies.

[40] Katz maintains international linkages with colleges and universities around the world to facilitate study and research abroad.

17 in the world for its research productivity, according to the American Marketing Association's doctoral special interest group (DocSIG).

[46] Members of the faculty have received the University of Pittsburgh's Chancellor's award in the categories of distinguished public service, teaching, and research.