Loyola University Chicago

Quinlan School of Business

From undergraduate to professor, John Kostolansky made his career at Loyola

From undergraduate to professor, John Kostolansky made his career at Loyola

Professor John Kostolansky teaching a seminar circa 1980.

Professor John Kostolansky has been part of the Loyola community since 1964, when he was a Loyola undergraduate student. In 2020, he retired after a fulfilling Loyola career.

Below, Kostolansky recounts his journey to becoming a Loyola accounting professor.

“I attended the Loyola School of Business (now the Quinlan School) as an undergraduate. My primary goal was to complete my degree and get a job. With encouragement and substantial mentoring from two Loyola faculty (Virgil Boyd, Dean of the School, and Robert Aduddell, Professor of Economics), I applied to several doctoral programs and received sufficient financial support to attend Columbia University.

“When I moved back to Chicago after completing my coursework, Bob Aduddell put me in touch with the Management Department to fill in a faculty position teaching statistics for a year, and that was the beginning of my academic career. I loved teaching and wanted to stick around, but I had a Ph.D. in Economics, was teaching statistics for the Management Department, and needed suitable publications to achieve tenure.

“Dean Boyd called me to his office to let me know that I wouldn’t be able to continue in that position. Not good news since my wife and I were expecting our first child. Virgil advised me of the shortage of doctorally qualified accounting faculty, suggested that accounting was ‘kind of like’ applied economics, and if I could get my CPA and publish accounting research articles, I could join the accounting faculty. I thought, ‘He can’t be serious. That’s all I have to do. Right!’ But family can be an effective motivator and I was on my way to becoming a CPA.

“Several years later, I began a 12-year job as chair of the Accounting Department. Two years later, I became associate dean of the Graduate School of Business, and eventually associate dean of the business school. After almost 25 years in these administrative positions, I rejoined the accounting faculty to teach and do research, effectively a reverse career path. I’ve worked with hundreds of wonderful, talented women and men, students, alumni, and faculty. It’s been a wonderful career.”

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Read reflections from other Quinlan faculty retiring in 2020 →