Each year the College of Business makes three Advisory Council Distinguished Awards: Distinguished Businessperson, Distinguished Professor, and Student Leader. Each award is designed to recognize extraordinary achievement in the particular category as a way of bestowing special and high-level recognition to well-deserving individuals. The Distinguished Businessperson's Award recognizes an individual who has successfully put ideas into action for the betterment of all. The Distinguished Professor Award helps us to acknowledge teaching, scholarship and service excellence. The Student Leader Award recognizes a high achieving student who excels at both scholarship and service.
| Year | Distinguished Business Person Award | Student Leader Award | Distinguished Professor Award | |
| 2000 | Allen Lenzmeier | Karyn Schmidt | Timothy W. Scott, Ph.D. | |
| 2001 | Norbert J. Harrington, Jr | Holly Hangsleben | Gerald W. Stiles, Ph.D. | |
| 2002 | Paul & William Radichel | Byron Pike | Marilyn L. Fox, Ph.D. | |
| 2003 | Lynn Nagorske | Nick Arellano | Robert C. Zelin, II, Ph.D. | |
| 2004 | Lyle Jacobson | Tracy Schwartz | Kevin M. Elliott, Ph.D. | |
| 2005 | Dennis Miller | Rob Wills | Paul L. Schumann, Ph.D. | |
| 2006 | Al Annexstad | Kevin Bender | Jane Baird, Ph.D. | Photos |
| 2007 | Curt Fisher | Jennifer Bottelberghe | Harry Thiewes, Ph.D. | Photos |
