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Center for Risk Management

at Loyola University Chicago's Quinlan School of Business

Our History

The Quinlan School of Business has had a long interest in futures and options markets. In 1977, the Quinlan School of Business created The Institute of Futures Trading to serve the needs of professionals and students aspiring to enter the futures market in Chicago, which was the world center of futures trading. During the inaugural celebration of the establishment of the Institute, Dr. Mark Powers, Vice President of the Chicago Mercantile Exchange, said, “It is fitting that the first academic commodity futures trading institute should be located in Chicago, the futures capital of the world.” 

In its heyday five vocational mini-courses a year were offered with an enrollment of as many as 60 students.  In addition, four academic semester courses were offered for Loyola students who were able to take advantage of the opportunity to apply for internships in the commodity futures industry.  Ultimately, some of our students have had successful careers in the futures industry.

From 1977 to today, the Quinlan School of Business has offered a course in Futures Markets with over 1,000 undergraduate business majors having enrolled in this course.  As the futures industry expanded and options markets were created, the Quinlan School of Business added undergraduate courses in options also.  In 1985, futures courses were added to the Graduate School of Business and beginning in 1989, graduate business students had several elective courses in derivatives markets to choose from and could specialize in this area.

A major step forward took place in 2007 when the Quinlan School of Business, with a generous gift from the CME Group Foundation, established the Center for Risk Management. Today the center is increasing its capabilities with a new financial services and business analytics lab and new courses and programs that will be offered on Enterprise Risk Management.

Our Mission

The mission of the Center for Risk Management is to:

  • Encourage ethical leadership and strong corporate governance
  • Deliver a high quality curriculum and superior teaching in risk management at the undergraduate, graduate, and professional levels
  • Encourage interdiscipliary research and scholarship in risk management
  • Sponsor seminars and symposiums for industry, government and nonprofit sector

Upcoming events

Our Sponsors

In 2007, The CME Group Foundation awarded the School of Business Administration, now the Quinlan School of Business, a one million dollar grant for four years to support the new Center.

Funding will be used to

  • Introduce new and enhance existing courses in financial markets and risk management
  • Support research in risk management and futures and options
  • Provide scholarships and assistantships for students interested in risk management and exchange traded derivatives
  • Offer seminars and workshops on market and financial risk management

With the support of a grant from the CME Group Foundation, Loyola offered its first undergraduate course in futures markets in 1972.  Since then, 3,400 students have taken this course and seven new courses in risk management have been added.  The CME Group Foundation's generous grant will enable Loyola to reinforce its position as a thought leader in Chicago's business and academic communities.

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