Additionally, as of 2024, there are more than 84,000 Gies Business alumni worldwide,[3] including several Fulbright scholars.

[7] The college was officially formed on April 27, 1915, through a vote of the University of Illinois Board of Trustees.

[22] The Business Instructional Facility (commonly referred to as "BIF"), approved by the UI Board of Trustees on July 14, 2004, stands opposite of Wohlers Hall across Sixth Street.

[23] The $62 million project, designed by architect Cesar Pelli, is LEED-certified because of its "green", environmentally friendly elements.

Scovill helped establish the Beta Alpha Psi accounting honor society.

Also the Gies College of Business continues to innovate with the launch of its new online MBA program, which has been ranked among the top in the nation[25] Each iMBA course has self-directed, asynchronous pre-recorded video courses through Coursera, complementary readings, and a high engagement virtual classroom environment.

[28] In 1957, the UI Board of Trustees approved the Dean's proposal to create a Department of Finance.

After opening in spring of 2013, the MakerLab has provided printing, custom designing and prototyping, educational, and other related services for both the Urbana-Champaign and University of Illinois community.

[31] The Origin Ventures Academy for Entrepreneurial Leadership, established in 2004, is responsible for cross-campus and multidisciplinary programs for entrepreneurial students from all backgrounds including the award-winning iVenture Accelerator and Illinois Social Innovation.

Alumni are denoted by their area of study: accountancy (ACCY), business administration (BADM), finance (FIN), or general/unassigned (GEN) or MBA.