Joseph M. Katz Graduate School of Business

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Katz Graduate School of Business
University of Pittsburgh logo.png
Established 1960
Type State-related
Dean John T. Delaney
Academic staff 113[1]
Postgraduates 913 (full and part time)[1]
Location Pittsburgh, Pennsylvania, United States
Campus Oakland (Main)
Website www.katz.pitt.edu
Katz logo.jpg

The Joseph M. Katz Graduate School of Business is the graduate business school of the University of Pittsburgh located in Pittsburgh, Pennsylvania. Although business education had its origins at the university in 1907, the Graduate School of Business was established in 1960 from a merger of its predecessors, the School of Business Administration and the Graduate School of Retailing. It was renamed in 1987 after businessman and university alumnus benefactor Joseph Katz. The school offers a traditional, accelerated, part-time, and executive Master of Business Administration (MBA) degrees as well as Master of Science in Accounting (MAcc) and several PhD programs in business.

Katz is part of Pitt Business, which refers to the collective capacity of Katz and the College of Business Administration (offers undergraduate business degrees), and five education and research centers.

History[edit]

The 1916 senior class of the School of Economics, forerunner to Pitt's business school. In the center of the front row are the school's first two female graduates, Florence Edith Wallace and Edith London.[2]

The Katz School tracings its beginnings to the introduction of business education to the university in 1907 as the Evening School of Economics, Accounts, and Finance. Classes met in the Fulton Building on Sixth Street in Pittsburgh. Three years later in 1910, the School of Economics (named for the London School of Economics)[3] was formally set up on Pitt's Oakland campus. In 1916, the school became one of the 17 founding members of the Association to Advance Collegiate Schools of Business (AACSB).[4][5]

By 1923 the school was renamed again, this time as the School of Business Administration.[3] In 1949, it became only the third school in the United States to offer executive management training programs.[5] The Graduate School of Business came into existence in 1960 out of a merger with the School of Business Administration and Graduate School of Retailing.[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.[5] That same year, the school launched its first doctoral program as well.[5]

In 1963, the school began offering a one-year MBA program, making it the first in the United States to offer the accelerated program.[7] It was one of the first business schools to offer an MBA and Master of Information Systems dual degree.[citation needed] For much of the 1960s, business classes were held in the Cathedral of Learning and Bruce Hall. In 1972, Lou Mervis and wife Myra established a trust fund for Pitt's Graduate School of Business with a $2 million donation ($11.3 million in 2014 dollars[8]). In their honor, the building now known as Thackeray Hall was named after them and dedicated as home of the business school. In 1983, a new building was built to house the business school, and the name was carried over to it.[9]

In 1987, the business school was renamed after Joseph Katz, Pitt alumnus and founder of Papercraft Corporation, following his $10 million donation ($20.8 million in 2014 dollars[8]) to the university.[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 Katz Graduate School of Business now oversees the administration of the undergraduate College of Business Administration.[12]

In 2006, John T. Delaney was named the dean of Katz.[13]

Campus[edit]

Mervis Hall, home of the Katz Graduate School of Business

Katz is housed in Mervis Hall, which was built in 1983 and is located on the Oakland campus. 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 Jazzman's Coffee Shop and Bakery.

Katz's Center for Executive Education and Executive MBA Worldwide program is housed in Mellon Financial Corporation Hall which contains classrooms, laboratories, and meeting space, and is located on the fifth floor of Alumni Hall.[14]

MBA programs[edit]

The Katz Graduate School of Business offers several options to obtain an MBA including a traditional two-year MBA programs, an accelerated one-year MBA program, a part-time MBA program, joint degree MBA programs with various other schools within the university, and an Executive MBA program.

Traditional two-year MBA[edit]

Katz two-year students start in August and graduate 20 months later in April. Entrance statistics for the Incoming Class of 2012 included 81 students with a 3.24 average grade point average, a 608 average GMAT score, and 2.9 years of work experience.[15]

The MBA curriculum is divided into two types of courses: Core courses and elective courses. Core courses are required of all MBA students and are intended to provide students with the breadth of knowledge to build a solid business foundation. 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. Elective courses which total 30 credits are intended to provide depth in a particular concentration. MBA students typically choose one or two concentrations and then choose electives within those concentrations.[16]

Student lounge in Mervis Hall

Katz concentrations:

  • Finance
  • Information Systems
  • Marketing
  • Operations Management
  • Organizational Behavior & Human Resources Management
  • Strategy, Environment, & Organizations

The Katz Graduate School’s program features an Experience-Based Learning curriculum that allows student to work on various projects ranging from consulting and fellowship experiences to team-based business competition projects. 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.[17]

Katz also offers nine MBA certificates which are designed to allow students to enhance the core curriculucm according to their career goals:[18] Global Supply Chain Management; Technology, Innovation, and Entrepreneurship; Organizational Leadership; Global Management; Corporate Valuation; Corporate Financial Management; Investments and Trading; Project Management; and Digital Marketing. Katz is a partner of the CFA Institute. As a partner school, the finance curriculum covers 70% of the topics on the CFA exam. Katz also offers scholarships that fund students’ costs for pursuing a CFA.[19]

For the Class of 2013, 92 percent of Katz graduates found employment within three months of graduation earning an average salary of $79,925.[20]

Non-traditional and joint degree programs[edit]

The Katz Graduate School was the first school to offer a one-year MBA program in the United States when it instituted the program in 1963.[7] The program begins in August and finishes the following July, covering the same ground that a traditional MBA program covers in two years. For flexibility, Katz offers electives in the day and evening, as well as some Saturday courses. The one-year program is designed primarily for people with strong academic backgrounds in economics or business and substantial work experience. Program requirements include a minimum of 51 credits of approved graduate work, an appropriate distribution of required core courses and elective courses, and a minimum cumulative quality point average of 3.0.[21]

A lounge and meeting space of Katz's executive education center, Mellon Financial Hall, located in the university's Alumni Hall

The Katz part-time MBA program is intended for working professionals. The program takes about three years to complete with students taking classes around work hours. Classes are scheduled Monday through Thursday 6:20 to 9:20 p.m. and occasionally on Saturday from 9:00 to 11:45 a.m. Program requirements include a minimum of 51 credits of approved graduate work, an appropriate distribution of required core courses and elective courses, and a minimum cumulative quality point average of 3.0. Entrance statistics for the Incoming Class of 2012 included 178 students with a 3.24 average grade point average, a 544 average GMAT score, and 4.8 years of work experience.[15]

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). Students take most of their courses at the site most convenient to them; however, they also participate in three week long immersion sessions, called Global Executive Forums, with their EMBA Worldwide classmates at other sites.[22] Katz Executive MBA Worldwide program and Center for Executive Education is headquartered in Mellon Financial Corporation Hall on the fifth floor of the university's Alumni Hall.

Rankings[edit]

Business School Ranking
U.S. MBA
Bloomberg Businessweek[23] 54
U.S. News & World Report[24] 61
Worldwide MBA
Financial Times[25] 83

For 2011, national rankings of Katz' MBA program include #51 by Forbes,[26] #54 by Bloomberg BusinessWeek,[27] and #61 by U.S. News and World Report.[24] In global rankings for 2011/2012, Katz was ranked #83 by Financial Times and #98 by The Economist.[25][28]

MAcc program[edit]

The Master of Science in Accounting (MAcc) program is a full-time, 30-credit professional graduate degree program that also prepares students to take the Certified Public Accountant (CPA) exam. Students with an undergraduate accounting degree, will be able to broaden their skills by also taking graduate courses outside accounting and complete the program in two terms. 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.[29]

Doctoral program[edit]

Katz offers a doctoral program that prepares students to become research-oriented faculty members.[30] Doctoral students can focus in seven areas of study: Accounting; Operations, Decision Sciences, and Artificial Intelligence; Information Systems; Finance; Organizational Behavior and Human Resources Management; Strategic Management; Marketing. The faculty and doctoral students closely collaborate with researchers across the University of Pittsburgh, one of the nation's leading research institutions. Katz is ranked 35th in North America and 38th in the world from 2006–2010 in Business School Research contribution.[31] One research focus that produced a lot of publications in Finance is M&A deals across many industries. Most faculty members are also very active in business projects from community development to consulting multinational companies.[30]

Research and education centers[edit]

The financial lab in Katz's Mervis Hall simulates global financial markets.

There are five education and research centers within Pitt Business: the Katz Center for Executive Education, the Center for Health and Care Work, the David Berg Center for Ethics and Leadership, the Institute for Entrepreneurial Excellence, and the International Business Center. The later, designated as one of 33 national resource Centers for International Business Education and Research (CIBER) by the U.S. Department of Education,[32] was founded in 1990 as a joint venture of Katz and Pitt's University Center for International Studies. It supports student global business projects, faculty development trips abroad, foreign language instruction programs, research grants, and foreign exchange programs.[33] Katz maintains international linkages with colleges and universities around the world to facilitate study and research abroad. These include Monterrey Institute of Technology in Monterrey, Mexico, Universidad Tecnica Federico Santa Maria, in Valparaíso, Chile, the Universitat Augsburg, the Hochschule Pforzheim, Universität Witten/Herdecke and the European Business School near Frankfurt.[34]

People[edit]

Alvin E. Roth conducted Nobel Prize winning work in economics while serving on Katz faculty

Faculty[edit]

The following notable individuals have served as faculty at Pitt Business.

  • Nobel Prize winning economist Alvin E. Roth previously served on the faculty at the school.[35] Jagdish Sheth, an internationally recognized business consultant and Katz alumni, served as the Albert Frey Professor of Marketing in 1973-1974.[36]

Alumni[edit]

The following notable individuals are graduates of the Katz Graduate School of Business.[37]

See also[edit]

References[edit]

  1. ^ a b University of Pittsburgh Fact Book 2013. University of Pittsburgh. 2013. pp. 17 and 48. Retrieved August 9, 2013. 
  2. ^ The Owl 1917. University of Pittsburgh. 1917. p. 96. Retrieved August 10, 2013. 
  3. ^ a b Starrett, Agnes Lynch (1937). "School of Business Administration". Through One Hundred and Fifty Years: The University of Pittsburgh. Pittsburgh, Pennsylvania: University of Pittsburgh Press. p. 408. Retrieved 2010-10-14. 
  4. ^ "AACSB International: About Us". Association to Advance Collegiate Schools of Business International. 1998. Archived from the original on October 4, 2002. Retrieved August 3, 2013. 
  5. ^ a b c d Blair, Andrew R. (Fall 1973). "The Evolution of a Management School". Pitt (University of Pittsburgh Department of News and Publications) 29 (3): 7, 9. Retrieved August 3, 2013. 
  6. ^ "New Graduate School of Business". Pitt (University of Pittsburgh) 16 (3): 17. March 1961. Retrieved August 3, 2013. 
  7. ^ a b Byrne, John A. "The Best One-Year MBA Programs". Poets & Quants. Retrieved July 19, 2013. 
  8. ^ a b Consumer Price Index (estimate) 1800–2014. Federal Reserve Bank of Minneapolis. Retrieved February 27, 2014.
  9. ^ "Hall at Pitt Is Renamed". Pittsburgh Post-Gazette. 1972-10-11. p. 3. Retrieved 2009-05-26. [dead link]
  10. ^ "Joseph M. Katz Dies; Manufacturer Was 77". The New York Times. 8 May 1991. Retrieved 3 August 2013. 
  11. ^ "MBA Executive MBA Worldwide: University of Pittsburgh - Katz Graduate School of Business". StudyPortals. Retrieved July 19, 2013. 
  12. ^ "College of Business Administration: Overview". University of Pittsburgh. 2011-08-05. Retrieved 2012-02-14. 
  13. ^ "New Katz dean named". University Times. University of Pittsburgh. 27 April 2006. Retrieved 3 August 2013. 
  14. ^ "Alumni Hall Virtual Tour". University of Pittsburgh. Retrieved August 10, 2013. 
  15. ^ a b "MBA Entrance Statistics". Katz. Retrieved 3 August 2013. 
  16. ^ http://www.business.pitt.edu/katz/mba/academics/courses/index.php
  17. ^ "Get Real-World Experience". University of Pittsburgh Joseph M. Katz Graduate School of Business. 2013. Retrieved August 3, 2013. 
  18. ^ "MBA certificates". Retrieved 11 February 2012. 
  19. ^ "CFA Designation Gives MBA Students Edge in Finance Realm". University of Pittsburgh. 2011-11-15. Retrieved 2012-02-14. 
  20. ^ Bloomberg BusinessWeek Rankings http://www.businessweek.com/bschools/rankings/full_time_mba_profiles/pittsburgh.html
  21. ^ http://www.business.pitt.edu/katz/mba/academics/programs/one-year.php
  22. ^ http://www.business.pitt.edu/katz/emba/index.php
  23. ^ "Business School Rankings and Profiles: MBA". Bloomberg Businessweek. 2012. Retrieved 2012-01-19. 
  24. ^ a b "Best Business Schools". U.S. News & World Report. 2012. Retrieved 2012-03-13. 
  25. ^ a b "Global MBA Rankings". Financial Times. 2014. Retrieved 2014-02-11. 
  26. ^ Badenhausen, Kurt (2 March 2011). "Best Business Schools". Forbes. Retrieved 2011-10-16. 
  27. ^ "Business School Rankings and Profiles". BusinessWeek. 2010. Retrieved 2011-01-19. 
  28. ^ "Which MBA". The Economist. 2011. Retrieved 2011-10-16. 
  29. ^ http://www.business.pitt.edu/katz/macc/index.php
  30. ^ a b http://www.business.pitt.edu/katz/phd/index.php
  31. ^ http://som.utdallas.edu/top100Ranking/searchRanking.php?t=w
  32. ^ "CIBERweb: Institutions". MSU-CIBER. Retrieved August 3, 2013. 
  33. ^ "Pitt Business: About the International Business Center". Retrieved August 3, 2013. 
  34. ^ Pitt Business: International Linkages, accessdate=2009-01-29
  35. ^ Chute, Eleanor (October 16, 2012). "Nobel winner Roth has ties to University of Pittsburgh". Pittsburgh Post-Gazette. Retrieved August 3, 2013. 
  36. ^ "Dr. Jagdish N. Sheth: Academic & Administrative Positions". Retrieved October 15, 2013. 
  37. ^ "Alumni Association Online Directory" (database, membership required). University of Pittsburgh Alumni Association. Retrieved 2012-04-28. 

External links[edit]

Coordinates: 40°26′27″N 79°57′12″W / 40.440793°N 79.953337°W / 40.440793; -79.953337