The MBA program continues today, but the MA in Economics was ended in 1961. At this time, Bradley was one of only 40 schools in the United States to receive such accounting accreditation . In 1993, Risk Management was added as a new area of study. Risk Management is a field of study built upon the fact that every organization faces a myriad of risks. The well-being of organization, employees and their families, competitors, customers, and the general public can depend on how such risks are handled.
Risk management uses organizational resources to identify, evaluate, and treat risk effectively.
The college was named to honor a generous gift given by Ellen Foster and her late husband Thomas , both of whom were Bradley graduates. In 1995, the MBA program was significantly revised. The program was changed to include new core classes, and added new concentration options. Also in 1995, the Foster College of Business Administration began to offer a Master of Science in Accounting degree. Undergraduate students can study Accounting, Actuarial Science, Business Management and Administration, Business Computer Systems, Economics, Finance, International Business, Marketing, and Risk Management and Insurance.