<p>FYI, Katz essentially runs the undergrad College of Business Administration. At Pitt (and at many other places), the hierarchy is that colleges are components of Schools, and Schools are components of Universities. Likely, Pitt is waiting for someone to make a giant donation, like Dietrich School of Arts & Sciences and Swanson School of Engineering, and will then it will be called something like the ZMVNYY College of Business Administration, but it is a component of Katz.</p>