Tippie history brochure

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Henry B. Tippie College of Business ▪ 108 John Pappajohn Business Building ▪ Iowa City, Iowa 52242-1994 ▪ (319) 335.0862 ▪ tippie.uiowa.edu

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1858

The University of Iowa was founded on February 25, 1847, 59 days after Iowa became a state. The original campus was composed of Old Capitol and the 10 acres of land on which it stood.

1858

1890

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 bachelor’s degree program in commerce gains popularity among students. The curriculum is modeled after the Wharton School.

1866 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.

1889 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.

1900 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.

Isaac Althaus Loos

The Graduate College is established with the first Ph.D. awarded in economics.

1908 The university approves adding commerce to the title of the school, creating the School of Political and Social Science and Commerce.

The Hall of Liberal Arts (now called Schaeffer Hall) where classes were first held.

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One of the Ironmen of the 1930s, Nile Kinnick was a 1939 economics graduate. Kinnick gained fame as an All-American and winner of the Heisman Trophy.

Frank H. Knight, noted Iowa faculty member, became one of the founders of the “Chicago school” of economic theory in the late 1920s.

Knight taught several promising students, including Milton Friedman.

1917

1923

Loos retires as director of the school. Norris A. Brisco, who was previously teaching “business efficiency” at City College of New York, succeeds him.

Only two years after its elevation to college status, the College of Commerce is admitted as a member to the Association to Advance Collegiate Schools of Business (AACSB).

1920

The College of Commerce moves from the Hall of Liberal Arts to a new building on the Pentacrest, University Hall (Jessup Hall).

Charles O. Ruggles, professor of transportation and public utilities from Ohio University, replaces Brisco as director of the school.

1935 Enrollment in the college reaches 360. It now has a faculty of 38.

1921

1949

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.

The Business and Industrial Placement Office is established with Helen M. Barnes as its director.

Enrollment in the college is about 100 students, and there are 23 faculty members.

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Helen M. Barnes

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Dean Chester Phillips guided the growth of the College for 29 years.

His work on banking credit theory was standard in early textbooks on banking and finance. Phillips served as president of the Association to Advance Collegiate Schools of Business (AACSB) in 1930-31 and as an economist for the Federal Reserve Bank of Chicago from 1937 to 1942. He was interim president of the University in 1940 between the administrations of Eugene Gilmore and Virgil Hancher. Phillips retired as dean in 1950 at the age of 68, but continued a full schedule of writing and advising. In 1966, Phillips Hall was dedicated in his name.

In 1965, Phillips Hall (right) replaced quonset huts (left) at the corner of Iowa Avenue and Clinton Street. Phillips Hall, named in honor of Dean Chester A. Phillips, was the first building specifically constructed to house the College of Business.

1950

1963

Dean Chester A. Phillips retires, and Sidney 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.

Winter resigns, and Billy L. Barnes, professor of accounting, is named dean.

The college’s second service and research bureau, the Bureau of Labor and Management, is established and directed by Karl Leib.

1959

1965 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.

Sidney Winter

The college is renamed the College of Business Administration.

1961 The Masters 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).

1966 The college offers its first off-campus MBA degree program in the Quad Cities.

1977 The college initiates the Executive MBA Program for working professionals.

Billy L. Barnes

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1977 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.

1978 J. Richard Zecher

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.

1981 Emmett J. Vaughan, founder of the college’s insurance program, is named interim dean when Zecher accepts a position with the Chase Manhattan Bank.

Emmett J. Vaughan

1984

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The RSM McGladrey Institute of Accounting Education and Research is created to encourage high-quality research by accounting faculty.

George Daly

George 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.

The Departments of Business Education and Business Administration close. New Departments of Finance, Management and Organizations, Management Sciences, and Marketing are created.

1988 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 the International Business Certificate.

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Pappajohn Business Administration Building under construction (left) and in 1993 (right).

Gary C. Fethke served as dean of the college for 12 years. He helped expand many value-added student experiences, such as the Hawkinson Institute of Business Finance, the Early Admission Program, hands-on fund management experiences through the Henry Fund and the Krause Fund, and expanded the MBA program offerings in Iowa and abroad. He established the Faculty Research Fellowship Program, which provides much-needed salary support to tenure-track faculty.

Shortly after stepping down as dean in 2006, he served as interim president of the University of Iowa for 14 months.

1990

1994

The state approves the budget for a new building for the college.

Much of the $35 million project is funded by private donations.

Gary C. Fethke becomes dean of the college.

1992 Des Moines venture capitalist John Pappajohn, BSC 1952, provides a significant naming gift for the state-of-the-art college facility.

1993 The MBA program unifies its efforts under a new name, the School of Management. The school institutes higher admission standards and strengthens recruiting.

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.

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

1996 John Pappajohn provides financial support for the John Pappajohn Entrepreneurial Center, which offers programs that instill the principles of entrepreneurship.

1997

Marvin A. Pomerantz

The business library is named the Marvin A. Pomerantz Business Library.

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Students using the wireless LAN.

1997

1998

The university approves new Certificate in Entrepreneurship.

The Faculty Research Fellowship Program is 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.)

1998 Stanley M. Howe

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.

Henry B. Tippie

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1999 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.

The newly created Early Admission Program admits approximately 50 top first-year students directly into the college each year.

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 services firms.

Undergraduates get real-world portfolio management experience through the new Krause Fund, endowed by W.A. (Bill) Krause.

The Institute of International Business is established to enhance the growth of international business education.

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Young Alumni Board members return to campus each fall to network with current students.

2000

2003

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.

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 C. Fethke, and support for technology in the college.

2001 The Business Communications Center is established. (In 2006, it was renamed the Judith R. Frank Business Communications Center.)

2002 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.

Young Alumni Board is established.

Jerre Stead

2005 The first class of students graduates from the two-year Tippie International Executive MBA Program in Hong Kong.

Des Moines businessman Marvin A. 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 srvices 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.

H. John Hawkinson

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Left: The Bedell Entrepreneurship Learning Laboratory

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2007

The Insurance Institute is renamed the Emmett J. Vaughan Institute of Risk Management and Insurance to honor Vaughan’s pivotal role in the industry.

Students take on the largest Tippie community service project ever, raising $50,000 and building a Habitat for Humanity home in just 57 days.

Evening MBA Program changes name to MBA for Professionals and Managers (MBA-PM) to better describe the nature of its students.

The Business Solutions Center opens. MBA student teams work to solve real business problems for area businesses.

The Bedell Entrepreneurship Learning Laboratory is established to help students turn an idea into a viable, profitable business.

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.

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.

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2005

2006

William C. (Curt) Hunter

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Richard O. Jacobson

2008

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Right: The Pomerantz Center

University approves new Certificate in Risk Management and Insurance, offered through the Department of Finance and the Vaughan Institute.

2008 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 the Consortium Institute for Management and Business Analysis (CIMBA) headquartered in Asolo, Italy.

Tippie College of Business celebrates 150 years of business education at the University of Iowa.

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The Tippie community has built a Habitat for Humanity home almost every year since 2007.

2008

2009 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.

There are more than 42,000 Tippie alumni worldwide. Managers and executives hire Tippie graduates because of their well-rounded educational background and integrity.

2012

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 (www.biz.uiowa.edu/wmc) 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

2012 Sarah Fisher Gardial is named the college’s first female dean. She previously was the vice provost of the University of Tennessee, Knoxville. ▪

2010 Tippie School of Management partners with the CFA Institute to help MBA finance students prepare for careers as Chartered Financial Analysts.

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108 John Pappajohn Business Building â–Ş Iowa City, Iowa 52242-1994

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