Representing one of the fastest-growing applications of professional psychology, business psychologists work with organizations to leverage the impact that an understanding of human behavior can have on overall organizational effectiveness. Graduates of The Chicago School's Consulting Track within the Business Psychology doctoral program learn to apply the principles of business psychology in consulting environments, helping to improve individual, group, and organizational functioning in a variety of settings. Students emerge from the program with the skills and strategies necessary to assume high-level responsibilities in today's global business environment. It is ideal for business professionals who want to maximize their career potential. Students benefit from flexible scheduling options that meet the needs of working professionals; courses are taken online with three residency weekends on campus in Chicago attended during the three years of the program.
This post-master’s degree curriculum integrates industrial and organizational psychology, clinical psychology, and business coursework, culminating with a dissertation —providing students with advanced knowledge of theory as well as the business acumen needed to effectively assess an organization’s environment —including market conditions, competitive position and options, corporate strategies, stakeholders, organization design and operations. Students are also trained to appropriately advise the organization on major business initiatives, including rightsizings, mergers and acquisitions, strategic repositioning, project management, change consultation, and executive succession planning. The program combines strategic thinking and psychological theory, as well as leadership and best business practices, to help graduates be more effective in their roles as leaders/consultants and researchers.
The Business Psychology faculty is comprised of business and psychology professionals. By design, our faculty members cross disciplines and are diverse in education and experience, representing the areas essential to our conceptualization of business psychology. Faculty members have degrees in I/O psychology, business, clinical psychology, and organizational development. Blending their multi-disciplinary perspectives and approaches provides for more integrated learning across fields.
Business and Financial Literacy
Designed to give students the basic terminology, logic, and framework to understand business thinking and decisions. The goal is to teach students to look at the 'vital signs' of a business. The first part of the class looks at what information a business collects and how it uses that information. Students learn to use a financial lens to look at an income statement and balance sheet to determine the health of an organization. Students learn the importance of interest rates as a key to understand corporate planning and valuation. The second part of the course helps students understand how companies make operational decisions. Using the lens of micro-economics, students learn how supply and demand, costs, and prices effect output decisions. Considers the ways this impacts marketing through the marketing mix, segmentation, and branding decisions. Examines behavioral economics to show how the erratic nature of decisions.
Strategic and Organizational Planning
Gives students the fundamentals to understand business strategy and organizational effectiveness. The first part of the course will address the concepts and practice of policy formation. Expands on marketing, financial, and economic ideas. Environment analysis and value chain leads to assessing business level strategy, corporate level strategy, and competitive actions. The second part of the class emphasizes the organization factors in determining and implementing business policy. Discusses organizational planning as aligning the business with the environment through strategy, design, operations, supply chain, and culture. Students learn the critical significance of the managing their interdependence.
Helps students advise organizations on to how restructure, reposition, or revitalize itself. Integrates strategy and organizational due diligence with consultation and change strategies. Within the frame of community development, students learn to consider the process of change and the techniques of change to various types of organizations. Focuses on project change management and emphasizes psychological change management. Prepares student to understand the corporate conditions and change options available to consult on and facilitate transitions ranging from innovation and new technology, merger and acquisition integration, business succession planning, corporate reorganizations, to board governance.
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