History of Walter E. Heller and Alyce DeCosta
Over his lifetime, Walter E. Heller developed the skills and expertise to create a world-known organization. As a young man he was given the responsibility to oversee his father’s successful sausage casing business. Being a resourceful and meticulous entrepreneur, Walter expanded to jewelry and then automobile financing. As his prosperity grew, so did his vision. Whatever the business at hand, Heller pursued it with vigor. He was the first to arrive on the job in the morning and the last to leave at night. During the 1930s, Heller expanded into the rediscount business and then factoring. Walter Heller's firm became the preeminent asset-based commercial lender and factor from the 1940s through the 1960s. Heller's firm was the Cadillac of its industry, loaning money to flamboyant and high profile Hollywood movie studios, including United Artists Corporation. In 1956, Heller’s stock began trading over the New York Stock Exchange. Through its growth, the firm acquired companies, divested companies, and expanded overseas. Business Week magazine summarized Heller’s reach in a 1958 article stating the company “served as a funnel through which 1,800 stockholders, 76 banks, and 10 insurance companies extended credit to some 500 manufacturing distributors, small-loan, and auto-finance companies.“
In 1969, Walter E. Heller died at the age of 78. With the generous support of his widow, Alyce DeCosta, and the Walter E. Heller Foundation, a gift of $2 million enabled Roosevelt University to construct a 10-story classroom, laboratory, and library facility. Alyce DeCosta established the Walter E. Heller Lecture Series in International Business and Finance and served as a member of the Board of Trustees. She died in 2004 at the age of 98. The College proudly carries the name of Walter E. Heller College of Business for Roosevelt University.
Roosevelt University's Heller College of Business provides a diverse population of students the best opportunity to develop critical skills necessary for success. This education emphasizes professional integrity, sustainable business practices, and global engagement.
All programs of the University are accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools. In addition, the business degree programs offered through the Heller College of Business are accredited by the Accreditation Council for Business Schools and Programs (ACBSP). The Master of Science in Accounting Forensics is a new program and has not been scheduled for ACBSP review for accreditation.
The Heller College of Business offers five graduate business degrees. The Master of Business Administration is a general management degree with a chosen area of specialization. The college also offers four specialized master of science degrees: Master of Science in Accounting, Master of Science in Accounting Forensics, Master of Science in Human Resource Management, and Master of Science in Real Estate.
Graduate Business Credentials
For students holding an undergraduate business degree, such as the BSBA, the college offers seven five-course credential programs: Business Analysis, Business Fraud Examination, Information Systems, Commercial Real Estate Development, Human Resource Management, Managerial Leadership, and Strategic Management.
Location and Scheduling
Admission to Graduate Business Programs
Each degree is available at both the Chicago and the Schaumburg campuses, except for the MSRE degree which is only offered in Chicago. BADM 401 is offered online only and the other eight core courses for the MBA are offered at both campuses each semester. Concentration courses and specialty courses are offered on a regular basis, but not each semester. Graduate business classes are offered at various times, including the weekends.
Domestic (U.S. citizen or permanent resident*) Applicants. Applicants to graduate studies for the MBA and MS degrees and Graduate Credential programs in the Heller College of Business must complete and submit the following:
- Graduate university application
- Applicants with an undergraduate GPA 3.0 or higher are not required to submit a GMAT test score. Applicants with an undergraduate GPA below 3.0 may be required to submit test scores. The GRE is also accepted.
- Resume or detailed work history
- A two-page personal goals statement
- Official transcripts from all colleges and universities attended, regardless of whether a degree was received
- Application fee
*Permanent residents must submit Permanent Resident Card
International Applicants. International applicants and other students with academic credentials from institutions outside of the United States who are applying for the MBA and MS degrees and Graduate Credential programs in the Heller College of Business must complete and submit the following:
- International Graduate University Application, including the Summary of Educational Experience by Year.
- GMAT (taken within the last five years).
- Demonstration of English proficiency, as evidenced by TOEFL/IELTS/Roosevelt ELP test, is required if education is not from a North American institution in which English is the medium of instruction.
- Resume or detailed work history.
- A two-page personal goals statement.
- Financial Statement and Affidavit of Support, with supporting financial records.
- Application fee.