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Our History

A Timeline:

1918 -- Commerce Department formed by Indiana State Normal School; Commerce Department was located in Old Main and chaired by Shepherd Young.

1923 -- First undergraduate degree in commerce awarded to Herman Boyle, who eventually retired as an executive of Standard Oil Company.

1934 -- Establish Chi Chapter of Pi Omega Pi, which promotes scholarship in business education.

1940 -- Commerce Department moved to second floor of Fine Arts and Commerce Building.

1948 -- Graduate programs added.

1952 -- Programs in business administration added.

1962 -- Department moved to renovated Science Building on north side of the quadrangle (formerly Classroom Building)

1962-1964 -- Commerce Department name changed to Department of Business Education and again to the Division of Business

1964 -- School of Business created with Dr. Paul Muse as dean.

1969 -- First MBA degrees awarded; facilities expanded by adding fourth floor to business building.

1980 -- Relocation to Statesman Towers on Sycamore between 8th and 9th streets.

1980 -- Granted undergraduate business accreditation by the American Assembly of Collegiate Schools of Business (AACSB).

1981 -- Established Beta Gamma Sigma (highest national recognition business student can receive)

1983 -- Full accreditation received for master's program by AACSB.

1988 -- Insurance and Risk Management Program initiated -- offering major and minor

1989 -- College of Business celebrates 25th anniversary; full re-accreditation granted.

1999 -- Gongaware Center (established with $5 million gift from Donald and Pat Gongaware)

2003 -- Networks Financial Institute established with a $20 million Lilly Endowment grant.

2004 -- School of Business name changed to College of Business.

2007 -- ISU recognizes Financial Services as one of two Programs of National Distinction

2007 - Networks Financial Institute receives $3 million grant from the Lilly Endowment

2007 -- Financial Trading Room opens; Minas Center for Investment and Financial Educationestablished

2009 -- MBA Program featured in Entrepreneur magazine, top 15 in Princeton Review.

2009 -- Sales and Negotiations Center created

2009 -- Randall and Nancy Minas donate $1.3 million for Minas Center and trading room

2009 -- MBA Program named for fourth year straight among best in nation by Princeton Review

2009 -- ISU trustees approve naming college the Scott College of Business

2010 -- State Budget Committee approves Scott College building project

2010 -- Student-run cafe launched - Executive Express

2010 -- Lilly Endowment awards Networks Financial Institute $6 million

2010 -- University dedicates naming of the Scott College of Business

2010 -- Professional MBA launched in Hendricks County

2011 -- Scott College adopts new Strategic Plan

2011 -- College recognized in top tier for "best business programs" by US News & World Report

2011 -- Scott College of Business maintains prestigious accreditation by AACSB-International

2011 -- Research @ Scott publication launched

2011 -- Scott College of Business reorganizes into three departments

2011 -- First Whitman European Business Student Experience travels to Paris

2011 -- MBA Program named for sixth year straight among best in nation by Princeton Review

2012 -- Dr. Brien Smith named Dean of the Scott College of Business

2012 -- Students and faculty move into new home in downtown Terre Haute -- Federal Hall

2012 -- Scott College's Buttonwood Sculpture installed

2012 -- University dedicates Federal Hall as the new home for the Scott College of Business

2012 -- Lilly Endowment awards Networks Financial Institute $3 million grant

2012 -- MBA Program named for seventh year straight among best in nation by Princeton Review

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