Chicago Booth Alum Pair Give $75 Million to Their Alma Mater
The University of Chicago Booth School of Business’s coffers just grew—and its top scholars will be called by a new name—thanks to a $75 million alumni gift announced today. In recognition of the gift, students who earn highest academic honors while at Booth will be known as the Amy and Richard F. Wallman Scholars, after donors Amy Wallman, MBA’75, and Richard Wallman, MBA’74. The Wallmans’ gift will be used to support several initiatives, including scholarships for students in the full-time, evening, weekend, and executive MBA programs, as well as enhanced co-curricular programming, faculty research, and emerging priorities.
“We have great affection for the University of Chicago—the Booth School of Business is world class, and we hope our gift makes it even better,” Amy Wallman said in a press release. “The Booth School is very special to us not only because we met there,” Richard Wallman added, “but also because we have sponsored 26 scholarship recipients over the years and are delighted to have had a modest impact on these students’ lives.”
Amy Wallman began a 26-year career at EY after completing her Booth MBA, retiring as an audit partner in 2001. She later served as director at pharmaceutical firm Omnicare from 2004 to 2015. Richard Wallman began his post-MBA career with the Ford Motor Company and went on to serve as chief financial officer and senior vice president of Honeywell International Inc., a diversified industrial technology and manufacturing company, and its predecessor AlliedSignal, from 1995 to 2003. He also held senior financial positions with IBM and Chrysler Corporation.
Dean Madhav Rajan, who took the helm at Chicago Booth this past July, welcomed the generous gift, calling it an “endorsement of Chicago Booth’s enduring strengths, in our programs and our extraordinary faculty.” Continued success rests on maintaining and extending the school’s prominence in research and in developing the world’s next leaders, he added.
“The Wallman Scholars will be recognized as preeminent in this cadre of future leaders, modeling the potential and the spirit of their benefactors,” Rajan said. The permanent designation will be bestowed upon graduating MBA students who earn high honors at Booth. It will also be given retroactively to top alumni, according to the school’s press release.
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The Wallmans, for their part, shared that they were impressed with Rajan’s vision for the school and hope their gift will help advance that vision. “This is a unique opportunity to make a difference in the careers of Chicago Booth students for generations to come and express our gratitude to those who have helped us,” Amy Wallman said in the press release. “Our parents were great role models to both of us; they gave us the confidence that we could accomplish anything.”
Richard Wallman also shared appreciation for the impact working for former Honeywell International Chairman and CEO Larry Bossidy had on his career and his life and thanked friends at Centerbridge Partners and Merrill Lynch, whom he called “key enablers of this gift.”
For more about the Wallmans’ $75 million gift to Chicago Booth, click here.
This article has been edited and republished with permissions from Clear Admit.
Which 1-Year MBA Program in New York Is Right for You?
New Yorkers are always in a hurry. For those looking for that same speed with their MBA, they’re in luck. The city—home to eight million people—has five schools where candidates can graduate with an MBA or similar degree within a year.
What better place to build your business knowledge than New York City? Business people from around the world come to the city—but not you. You’d be living in it. Plus, major international companies are headquartered there. JPMorgan Chase, Citigroup, and IBM, for example.
Check out some of the best one-year MBA programs in the city that never sleeps.
Binghamton University School of Management
Binghamton University’s School of Management sits in Midtown New York City. Students will have easy access to Bryant Park, Penn Station, Grand Central Station, Port Authority, all the shopping they need—and the nearby beauty of Chelsea.
The school came to the area in 1970. Its Professional MBA is what sets Binghamton apart. It takes no more than a year, and students meet only on Saturdays. The curriculum does demand a full Saturday, but at least it wraps up in a year. And since it’s on the weekend, full-time working professionals are good to go, too. The school reports students can save $20,000-$50,000 compared to other MBA programs in New York City.
Zicklin School of Business – Baruch College
Baruch College formally created its Zicklin School of Business in 1998 after an endowment from an alumnus Lawrence Zicklin. But the MBA program has been offered since 1920.
Its one-year MBA program is fairly new. The first cohort enrolled this past summer. The program begins in June and takes 12 months. Applicants are expected to have two to five years experience. Given the program’s speed, the class schedule will be intense and build on already acquired knowledge. Students have the option to study abroad during the winter intersession.
Lubin School of Business – Pace University
The Lubin School of Business at Pace University has been around for more than 100 years. Since 1906, the school has been cranking out business graduates ready to take New York City by storm. It offers a unique one-year fast-track MBA—only in financial management.
This specialty in finance gives business students an edge. Graduates will walk away from Lubin knowing how to provide financial consultation to corporations. Lubin is sure to plug its students into any necessary resources for them to succeed. For example, MBA candidates can access the Bloomberg workstation and other financial databases. Classes are based in New York City and Westchester, a short train ride away.
Stern School of Business – New York University
New York University is one of New York City’s most well-known university, so the Stern School of Business is too, naturally. In the middle of Greenwich Village, students can occupy themselves with endless activities when they’re not in class.
However, the Stern School of Business doesn’t quite offer one-year MBAs. Its specialized one-year programs are for its MS in accounting, MS in business analytics, and an MS in global finance. These programs add an oomph to any business professional looking to build their expertise. Most of the programs include a global format, preparing graduates for a global field.
Lehigh University College of Business and Economics
Editor’s Note: As part of the Lehigh 1-MBA program enhancements, the internship component was replaced with a Consulting Practicum. Click here to learn more about the 1-MBA.
Finding the Best Toronto Executive MBA Programs
An MBA offers immeasurable help if you’re trying to climb the oft-mentioned corporate ladder. But what about getting right to the top? Executive MBA programs are tailor-made for reaching that higher-than-high career point, but how do you know which one may be right for you? We’ve outlined some of the best Toronto Executive MBA programs to help.
Getting Paid: Highest MBA Salaries in Boston
“Step up to get your rep up,” goes the old saying. Reputation is important in the business world and that extends to where you matriculate. Perhaps the most pressing question on the minds of the b-school-bound is: “What does the paycheck look like after graduation?” Got another plan in mind for paying off those loans?
Interview With The Dean: SMU Cox School of Business
Since 1997, Albert W Niemi, Jr. has served as the Dean of the Edwin L. Cox School of Business at Southern Methodist University (SMU Cox) in Dallas. He is also currently the Cox School’s Tolleson Chair in Business Leadership, as well as the William J. O’Neil Chair in Global Markets and Freedom.
During his tenure, the Cox School has undergone many changes. He has helped to expand the degree offerings at the business school—expanding the school’s offerings to include four specialized master’s programs as well as multiple interdisciplinary program opportunities and a new Fast-Track MBA—and has also grown the school’s endowment from $78 million to more than $200 million.
This past August, Dean Niemi announced his intention to step down as Dean after serving the Cox School for more than twenty years. He will continue to remain in his faculty position, but will pass on his administrative responsibilities to Matthew B. Myers, a global marketing and strategy expert with expertise in Latin America who currently serves as dean of the Farmer School of Business at Miami University, Ohio.
To mark the occasion, we took the opportunity to interview Dean Niemi about his tenure as Dean and to gain his insight into what the future of the Cox School could look like. Continue reading…
Business And The Blockchain Event To Explore New Business Technology At Rice
“Business And The Blockchain,” a weekend long event at the Rice University – Jones Graduate School of Business, will explore a revolutionary technology that is changing the business world.
