University of Chicago Booth School of Business gets $100 million gift for MBA program
A private equity investor who got his start at the University of Chicago Booth School of Business has donated $100 million to the school.
University of Chicago alumnus Konstantin Sokolov, founder of Chicago-based IJS Investments, made the $100 million gift to the Executive MBA Program at the university. The program will be renamed the Sokolov Executive MBA Program, and Booth will use the gift to establish a new clinical professorship for the program.
"With Sokolov's remarkable commitment, the Sokolov Executive MBA Program will continue to educate future generations of leaders, giving students the insight and skills they need to move people and organizations to success," said Madhav Rajan, Booth dean and George Pratt Shultz Professor of Accounting.
The 21-month MBA program at Booth provides students with personalized coaching, leadership workshops, insight circles, and career clinics. The program focuses on global economics - with campuses in Chicago, Hong Kong and London.
"I am immensely proud to be able to support the incredible achievements made by Chicago Booth, an institution with a legacy of pioneering research and transformative education since its founding," Sokolov said in a statement.