the 1960s, business classes were held in the Cathedral of Learning and Bruce Hall. In 1972, Lou Mervis and wife Myra established a trust fund for Pitt's Graduate School of Business with a $2 million donation ($ in dollars). In their honor, the building now known as Thackeray Hall was named after them and dedicated as home of the business school. In 1983, a new building was built to house the business school, and the name was carried over to it. In 1987, the business school was renamed after Joseph Katz, Pitt alumnus and founder of Papercraft Corporation, following his $10 million donation ($ in dollars) to the university. In the 1990s Katz became the first US institution to offer an MBA in Central Europe, and in 2002 launched a bioengineering dual-degree program. The Katz Graduate School of Business now oversees the administration of the undergraduate College of Business Administration. In 2015, Arjang A. Assad was named the dean of Katz. Under Assad's leadership, the school launched a part-time hybrid online/in-person MBA program and the full-time MBA program earned its best U.S. News & World Report ranking in school history. Campus Katz is housed in Mervis Hall, which was built in 1983 and is located on the Oakland campus. The facilities include a $2.3 million, 3,000-square foot Financial Analysis Laboratory, featuring a trading room, and a ticker for a realistic Wall Street trading room environment, a business library, a student kitchen, and Bottom Line Bistro coffee shop and cafe. Katz's Center for Executive Education and Executive MBA Worldwide program is housed in Mellon Financial Corporation Hall which contains classrooms, laboratories, and meeting space, and is located on the fifth floor of Alumni Hall. MBA programs The Katz Graduate School of Business offers several options to obtain an MBA including a traditional two-year MBA programs, an accelerated one-year MBA program, a part-time MBA program, joint degree MBA programs with various other schools within the university, and an Executive MBA program. Traditional two-year MBA Katz two-year students start in August and graduate 20 months later in April. Entrance statistics for the Full-Time Incoming Class of 2014 included 82 students with a 3.34 average grade point average, a 625 average GMAT score, and 3.8 years of work experience. The MBA curriculum is divided into two types of courses: Core courses and elective courses. Core courses are required of all MBA students and are