College of Business Timeline
By one name or another, the business school has been part of Iowa since the earliest years of the university. This summary highlights the major events and decision makers who shaped the institution known today as the Henry B. Tippie College of Business.
Business education begins with one course at the university. The subject of political economy, an early form of macroeconomics is taught as part of the moral philosophy course in the history department.
The university advertises that practical skills gave students "a very great advantage" in beginning careers in business. The university officially encourages students to take vocational training at the Iowa City Business College and gives them scheduling flexibility to attend classes at both institutions.
Isaac Althaus Loos, the first real proponent of a business program at Iowa, is hired to shape an emerging social sciences department. Loos develops political science, commerce, economics, finance and sociology into an interdisciplinary program.
The bachelor's degree program in commerce gains popularity among students. The curriculum is modeled after the Wharton School.
President George E. MacLean vows to make the University of Iowa the research-oriented "crown of the public school system." MacLean names Loos director of the School of Political and Social Science. The school includes political science, history, political economy, sociology, finance, and commerce.
The Graduate College is established with the first Ph.D. awarded in economics.
The university approves adding commerce to the title of the school, creating the School of Political and Social Science and Commerce.
Loos retires as director of the school. Norris A. Brisco, who was previously teaching "business efficiency" at City College of New York, succeeds him.
Charles O. Ruggles, professor of transportation and public utilities from Ohio University, replaces Brisco as director of the school.
The School of Commerce gains college status and is renamed the College of Commerce. Chester A. Phillips, professor of economics and finance, becomes the college's first dean.
Only two years after its elevation to college status, the College of Commerce is admitted as a member to the American Association of Collegiate Schools of Business (AACSB).
The College of Commerce moves from the Hall of Liberal Arts to a new building on the Pentacrest, University Hall (Jessup Hall).
Enrollment in the college reaches 360. It now has a faculty of 38.
The Business and Industrial Placement Office is established with Helen M. Barnes as its director.
Dean Chester A. Phillips retires, and Sidney G. Winter, professor of accounting, succeeds him. The college is reorganized into six departments: accounting, economics, general business, marketing, labor and management, and office management and business education.
The college's second service and research bureau, the Bureau of Labor and Management, is established and directed by Karl Leib.
The college is renamed the College of Business Administration.
The Master of Business Administration (MBA) program is established, becoming the 65th such program in the country. The undergraduate degree is renamed the Bachelor of Business Administration (BBA).
Sidney Winter resigns, and Billy L. Barnes, professor of accounting, is named dean.
The college moves from University Hall to the new Phillips Hall, located on the corner of Clinton Street and Iowa Avenue. The building features the college's first computer center with an IBM mainframe, an experimental research laboratory for marketing and behavioral sciences areas of business research, and an undergraduate statistics laboratory.
The college offers its first off-campus MBA degree program in the Quad Cities.
The college initiates the Executive MBA Program for working professionals.
The Institute for Economic Research begins providing forecasts for the State of Iowa. The institute's data helps the governor build the state's annual budget proposals.
Billy L. Barnes retires, and J. Richard Zecher, a former director of economic and policy research for the Securities and Exchange Commission and professor at Tulane and Chicago, takes over as dean of the college.
The Departments of Business Education and Business Administration close. New Departments of Finance, Management and Organizations, Management Sciences, and Marketing are created.
Emmett J. Vaughan, founder of the college's insurance program, is named interim dean when Zecher accepts a position with the Chase Manhattan Bank.
The McGladrey Institute of Accounting Education and Research is created to encourage high-quality research by accounting faculty.
George G. Daly, professor of economics and dean of social sciences at the University of Houston, becomes dean. Daly establishes the Board of Visitors, an advisory group of business and government leaders, to help the college stay in touch with changing conditions and needs.
Three faculty from the Department of Economics introduce the Iowa Electronic Markets (IEM), a teaching and research tool for understanding financial market behavior.
University approves International Business Certificate.
The state approves the budget for a new building for the college. Much of the $35 million project is funded by private donations.
Des Moines venture capitalist John Pappajohn, BSC 1952, provides a significant naming gift for the state-of-the-art college facility.
The MBA program unifies its efforts under a new name, the School of Management. The school institutes higher admission standards and strengthens recruiting.
George Daly resigns to become dean of the Stern School of Business at New York University. Gary C. Fethke, serving as interim dean, completes the college's move into the John Pappajohn Business Administration Building. With 171,000 square feet, it is the largest academic building on campus, and its integrated use of technology becomes a model for teaching facilities at the university and beyond.
Gary C. Fethke becomes dean of the college.
Gifts from Henry Royer and Henry B. Tippie create the Henry Fund, an endowed equity portfolio managed by select MBA students.
The Evening MBA Program enrollment continues to grow rapidly through the use of distance learning technology and the Iowa Communications Network. The college opens new centers in Newton and Cedar Rapids.
John Pappajohn provides financial support for the John Pappajohn Entrepreneurial Center, which offers programs that instill the principles of entrepreneurship.
The business library is named the Marvin A. Pomerantz Business Library.
University approves new Certificate in Entrepreneurship.
To further support technology in the classroom, the college creates the Jerre and Mary Joy Stead Advanced Learning Technologies Center. The Stead Center works with staff, students, and faculty to teach a wide range of applications. A wireless LAN allows students to use laptop computers in various locations throughout the building.
Stanley M. Howe, chairman emeritus of the HON Industries Inc. of Muscatine, pledges $2.5 million to support the college's Evening MBA Program.
The newly created Early Admission Program admits approximately 50 top first-year students directly into the college each year.
Undergraduates get real-world portfolio management experience through the new Krause Fund, endowed by W.A. (Bill) Krause.
Faculty Research Fellowship Program established, providing much-needed salary support to tenure-track faculty members. Currently, 27 fellowships are held within the college. In addition, 5 faculty members hold chaired professorships and another 20 hold named professorships.
MBA Program expands and offers course work in Des Moines.
The college is the first academic division in the university to be named in honor of an alumnus. The Henry B. Tippie College of Business is named for the 1949 accounting graduate from Belle Plaine, Iowa. His long-time support and significant gifts culminate in naming the college in his honor.
Named in honor of H. John Hawkinson, the Hawkinson Institute of Business Finance provides top undergraduate students with access to prestigious investment banks and other financial service firms.
The Institute of International Business is established to enhance the growth of international business education.
Tippie School of Management and Iowa State University College of Engineering introduce Dual Master's Degree Program leading to UI MBA degree and ISU master's degree in systems engineering.
The Business Communication Center is established. (In 2006, it was renamed the Judith R. Frank Business Communication Center.)
The Executive MBA Program expands into Des Moines with classes offered in the Stanley M. Howe Leadership Complex of the W.A. Krause Center for Entrepreneurial Education.
International Executive MBA Program in Beijing offered (in conjunction with Purdue University) to help build China's agribusiness industry while strengthening ties between Iowa and the world's fastest growing economy.
Through a multi-million dollar pledge, Jerre and Mary Joy Stead support a number of initiatives, including an endowed faculty chair in leadership to be named in honor of Gary Fethke and support for technology in the college.
Young Alumni Board is established.
Insurance institute established.
The first class of students graduates from the two-year Tippie International Executive MBA Program in Hong Kong.
Des Moines businessman Marvin Pomerantz, BSC 1952, provides a lead gift of $10 million for the building of the Pomerantz Center. This $17.6 million, 75,000-square-foot facility offers admissions, advising, and career services activities for undergraduate business, engineering, and liberal arts students in one of the nation's only university facilities dedicated to enhancing students' total education experience—from admission to graduation and beyond.
The Insurance Institute is renamed the Emmett J. Vaughan Institute of Risk Management and Insurance to honor Vaughan's pivotal role in the industry.
Evening MBA Program changes name to MBA for Professionals and Managers (MBA-PM) to better describe the nature of its students.
The Bedell Entrepreneurship Learning Laboratory is established to help students turn an idea into a viable, profitable business.
William C. (Curt) Hunter, is named the college's new dean, and Fethke returns to the faculty as the Leonard A. Hadley Professor of Leadership. Fethke later was tapped to serve as interim UI president from June 2006 to July 2007.
University approves new Certificate in Risk Management and Insurance, offered through the Department of Finance and the Vaughan Institute.
The Communications Center is renamed the Judith R. Frank Business Communication Center in recognition of Judith R. and Harris Frank's $2.5 million gift to expand programming.
Students take on the largest Tippie community service project ever, raising $50,000 and building a Habitat for Humanity home in just 57 days.
The Business Solutions Center opens. MBA student teams work to solve real business problems for area businesses.
The Richard O. Jacobson Institute for Youth Entrepreneurship is established from a $3 million gift from Richard O. Jacobson, providing entrepreneurship instruction and practice for K-12 students.
The University of Iowa becomes the credit- and degree-granting institution for the Consortium of Universities for International Studies, which provides an undergraduate study abroad opportunity as well as an international MBA at CIMBA, headquartered in Asolo, Italy.
Tippie College of Business celebrates 150 years of business education at the University of Iowa.
The Tippie MBA program refreshes its curriculum and launches career academies. The Finance, Marketing, and Strategic Innovation Academies are designed to offer Full-time MBA students structured academic experiences as well as experiential learning opportunities that prepare them for their chosen careers.
Because of demand, the MBA-PM Program relocates to larger facilities in downtown Cedar Rapids.
The Marketing Institute is established to help prepare undergraduate students for challenging entry-level positions in today's competitive marketing environment.
Tippie School of Management partners with the CFA Institute to help MBA finance students prepare for careers as Chartered Financial Analysts.
The John and Mary Pappajohn Education Center becomes the new home for the MBA-PM Program in Des Moines. In addition, the MBA-PM Program in the Quad Cities moves to space in the Palmer College of Chiropractic in Davenport.
An online resource, the Iowa Center for Wealth Management is created by two finance faculty members to provide unbiased financial education, guidance, and advice to the citizens of Iowa and beyond.
Sarah Fisher Gardial is named the college's first female dean. She previously was the vice provost of the University of Tennnesee, Knoxville.
The Board of Visitors, the college's advisory group of business and government leaders, is renamed the Tippie Advisory Board.
MBA-PM Program changes name to Professional MBA Program (PMBA)