Founded in 1912, DePaul’s business college was among the first 10 business colleges in the United States. It also was the first business school in downtown Chicago and the first business school at an American Catholic university.
The college received a $30 million gift from alumnus Richard H. Driehaus, CEO of Driehaus Capital Management, in 2012. Then called the College of Commerce, the college was renamed the Driehaus College of Business to honor his longtime partnership with his alma mater.
The graduate business program was named The Kellstadt Graduate School of Business in 1992 in honor of Charles H. Kellstadt, the former CEO and chairman of Chicago-based Sears, Roebuck & Co. The graduate school launched its MBA program in 1948.