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Business

Measures of Success

Dr. Rik Hafer has published more than two dozen scholarly articles, three books, and has received numerous grants and contracts. His outstanding scholarly activities contributed to his promotion to SIUE Distinguished Research Professor of Economics and Finance - a faculty rank awarded by the SIUE Graduate School recognizing the quality of senior faculty members and their continued commitment to scholarship.

Dr. Susan Yager, associate professor of Computer Management and Information Systems was awarded the Boeing Welliver Faculty Fellowship which provided participants with increased understanding of the practical industry applications of engineering, information technology, and business skills.

How is excellence measured in business education? There are as many ways as the measurement of corporate performance. Surely, one measure is the success of graduates in securing employment at good companies. Another measure is how quickly and frequently our alumni move into leadership positions in their firms. While employment is important, we also educate students who, through their entrepreneurial acumen, become employers of others. Certainly no measure of excellence would be complete without consideration of benchmarking against industry leaders, or against the best business schools in the world.

Major corporations like The Boeing Company, Edward Jones, Enterprise Rent-A-Car, Emerson and Monsanto, to name a few, partner with SIUE by offering internships, coop-education programs, and employment to our students. Our students are so successful that 80% of SIUE students who participate in a co-op or internship with a company are offered full-time employment after graduation. In addition, our alumni have become leaders of their companies and communities. The following people are notable, but just a few examples of the outstanding leaders among our alumni:

  • Fernando Aguirre (BS '80), Chief Executive Officer, Chiquita Brands International;
  • Ralph Korte (BS '68), founder of The Korte Company, leader in the construction industry and philanthropist;
  • Steve McCann (BS '79), retired Chief Financial Officer, Longs Drugs;
  • Mara "Mitch" Meyers (BS '78, MBA '81), serial entrepreneur, retired partner of advertising firm, Zipatoni;
  • Arif Nasib (BS '82, MBA '85), Chief Executive Officer, Petroleum Institute of Pakistan
  • John Shimkus (MBA '97), member of the U.S. House of Representatives (Illinois)

School of Business students compete successfully with business students from around the world. Recently:

  • The October 2009 issue of Public Accounting Report ( PAR) ranked the SIUE graduate program in accounting number 22 in the country for universities of the same size;
  • the SIUE Chapter of the American Marketing Association brought national recognition to SIUE when they claimed third prize in the AMA Collegiate National Case Competition where more than 50 universities entered teams;
  • or a fourth consecutive year, the 2010 edition of the Princeton Review named the SIUE School of Business a "Best Business School;"
  • in 2006, a team of our students won the International Business Strategy competition at the University of San Diego.

Our School of Business is continuously benchmarking its performance against the best business schools in the world through its active participation in the Association to Advance Collegiate Schools of Business

International (AACSB International). Our program accreditations were reaffirmed in 2006, placing us among an elite group that makes up less than 5 percent of the world's business schools, one of the 596 best business programs across 37 countries. Further, SIUE is included among only 173 programs in the world that hold AACSB International accreditation in Accounting.

Professor Michael Costigan, chair of the Accounting Department, served as one of 20 members, from around the world, on the AACSB Accounting Accreditation Committee overseeing all initial accreditation and reaffirmation of AACSB accounting accreditation processes.

Dean Gary A. Giamartino served as one of 15 members, from around the world, who served on the AACSB Pre-Accreditation Committee overseeing the processes for initial accreditation to ensure that standards are employed consistently and equitably to universities seeking AACSB accreditation.

The economic impact of the SIUE School of Business can be felt throughout the region, thanks to our excellent educational programs and our outreach programs that encourage entrepreneurship, facilitate trade and help small businesses grow.

  • The Small Business Development Center conducts nearly 50 seminars and workshops throughout the year addressing topics important to business owners.
  • One of six trade centers in Illinois, The International Trade Center serves businesses in the state's 45 southernmost counties by providing services like free export consultation, international market analysis, identification of foreign buyers and seminars on international business strategies.
  • The Southwestern Illinois Entrepreneurship Center promotes entrepreneurship by helping businesses grow and by teaching entrepreneurship to university and high school students.
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