Points of Pride in the College of Business
Established in 1984, the College of Business has a fall 2009 enrollment of 3,750 students (3,470 undergraduate students, 280 graduate students).
The College of Business is accredited by AACSB International – The Association to Advance Collegiate Schools of Business, which accredits less than five percent of business schools worldwide.
U.S.News & World Report Rankings (2010 rankings):
- The College of Business undergraduate program ranked 83rd among business programs accredited by The Association to Advance Collegiate Schools of Business.
- The College of Business undergraduate program also ranked 49th among public universities.
- The College of Business MBA program was ranked 63rd out of 118 programs.
- Iowa State University was tied for 39th among 164 best public national universities that grant doctoral degrees, up from 41st last year.
- Iowa State ranked 88th in the "Best National Universities" category, which contains 262 American universities (164 public, 98 private) that offer a wide range of undergraduate majors, as well as master's and doctoral degrees.
- Iowa State University's learning communities were included in U.S. News' "Programs to Look For": outstanding examples of academic programs that are commonly linked to student success. Iowa State was among only 26 universities and colleges nationwide recognized for learning communities.
The Gerdin Business Building, which opened in 2004, provides a high-tech home for the College of Business. The 111,000-square foot building, located on a campus recognized as one of the most beautiful in the nation, is equipped with state-of-the-art technology.
Iowa State University, one of the nation's leading land-grant institutions, has a national reputation for its commitment to integrating science and technology throughout its academic programs.
Sophisticated computer labs and our wireless computer accessibility have resulted in Intel's ranking Iowa State 20th in its top 100 "Most Unwired College Campuses" survey.
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Undergraduate Programs
Ann Coppernoll, director of undergraduate programs, served as co-chair of the University Academic Advising Committee during the 2004-2005 academic year.
Through department and College scholarships, over $337,000 was awarded to 291 College of Business students during the 2004-2005 academic year.
In 2005, $31,000 in scholarships was awarded to 31 students to help support their participation in study abroad programs.
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Graduate Programs
The Iowa State MBA program was ranked 63rd out of 118 in the U.S. News and World Report rankings for 2010.
In fall 2006, 272 students were enrolled in College of Business graduate programs. The college offers the following graduate programs:
- Full-time MBA
- Part-time MBA program (evenings in Des Moines)
- Master of Accounting
- MS in Information Systems
- The department of LOMIS is a participating department in several interdepartmental programs including the MS in Information Assurance, the MS and PhD in Human Computer Interaction, and the MS in Transportation.
The inaugural MBA Case Competition was held April 13-14, 2005. MBA students' first year of study culminates in this annual event. Student teams analyze a business case and present their findings and recommendations to a panel of judges comprised of business alumni and faculty. Scholarships and awards are presented to the top team and best individual performances.
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Business Career Services
Career Services for Iowa State University ranks among the top 35 in the nation according to the 2003 edition of Kaplan's College Guide.
Business Career Services brought 264 employers to campus to recruit students during 2004-2005.
The internship/co-op program reported 574 College of Business students on internship sites during 2005-2006.
The Business Career Services team boasts over 40 years of combined experience.
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Accounting
A May 2009 paper titled, “Accounting Program Research Rankings by Topical Area and Methodology” by Joshua Coyne, Scott Summers, Brady Williams, and David Wood of Brigham Young University ranked Iowa State’s accounting department 29th in accounting information systems research and 30th in experimental research among accounting research programs.
During the four CPA exam testing windows in 2005, Iowa State accounting students’ passing rate on all four parts of the exam ranked them among the top 25 schools in the nation, according to the Candidate Performance on Uniform CPA Examination (2006). The list includes schools that had at least 20 first-time candidates without advanced degrees. Graduates from more than 2,000 colleges and universities were represented among the candidates.
Sue Ravenscroft, professor of accounting:
- Installed as the first Roger P. Murphy Professor of Accounting in November 2006.
- Recipient of a Miller Grant, with doctoral student Brian Hentz, in 2005-2006 for work to develop communication-skill assignments and approaches for use across the business curriculum.
- Awarded the fourth annual Glen McLaughlin Prize for Research in Accounting Ethics in 2002 with Steven E. Kaplan of Arizona State University. Their paper was titled "An Examination of the Negative Consequences Managers Face for Engaging in Earnings Management."
- Serving a second year as Secretary/Treasurer of the Public Interest Section of the American Accounting Association. She is also the editor for Issues in Accounting Education a journal of the American Accounting Association, and serving on the editorial board of Behavioral Research in Accounting.
Bill Terando, assistant professor of accounting, is serving on the editorial board of Issues in Accounting Education.
Diane Janvrin, assistant professor of accounting, has been selected to serve on the Audit Confirmations Research Synthesis Team jointly sponsored by the American Accounting Association auditing section and the Public Company Accounting Oversight Board (PCAOB). This team is charged with reviewing relevant audit confirmation academic research and regulatory action.
William Dilla, associate professor of accounting, served as secretary of the auditing section of the American Accounting Association from 2002-2004.
Cynthia Jeffrey, associate professor of accounting, has been Editor of Research on Professional and Responsibility and Ethics in Accounting since 2003, and is on the editorial review board for Advances in Accounting Education.
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Finance
Roger Stover, professor of finance and Iowa Bankers Fellow in Finance, was recently recognized among the 200 "Most Prolific Authors in 16 Core Finance Journals." Dr. Stover was number 194th. There were a total of 17,406 authors' records examined from 1953-2002.
Iowa State University undergraduate students in finance placed first in the annual 2003-2004 Krause Challenge investment competition with a 36.3 annualized percent return on investment competing against the University of Iowa, Drake University, and the University of Northern Iowa. In 2004-2005, the Iowa State team placed second.
A 2003 publication by Blaug and Vane provided a list of "major economists" as measured by citations by peers in top journals of economics finance and statistics. Approximately 6% of all academic economists were included. Four ISU faculty members made this list including Dermot Hayes the Pioneer Hybrid Chair in Agribusiness for the College of Business.
Cynthia Campbell, associate professor, and Arnie Cowan, associate professor and Ganoe Faculty Fellow of Finance, share duties as co-editors of the Financial Review since 2003.
Mark Power, professor of finance, received the ISU Alumni Association’s Citation for Faculty Service which recognizes Iowa State faculty for inspiring service to students, alumni, the University, and the profession.
Cynthia J. Campbell, associate professor of finance, Mark L. Power, associate professor of finance, and Roger D. Stover, professor of finance, received the Best Corporate Paper award for the 2003 Southern Finance Association. The paper is titled "On the Robustness of Corporate Governance: The Effect of Altering the Structure of Deferred Income for Outside Directors."
ISI Essential Science Indicators lists “Underwriter Reputation, Initial Returns and the Long-Run Performance of IPO Stocks,” by Richard Carter, professor of finance, Frederick Dark, associate professor of finance, ) and Ajai Singh (former associate professor of finance), in the February 1998 Journal of Finance as a Top Paper in economics and business as measured by its total citation impact. From the time of its publication through November 2006, this paper accumulated 303 citations in journals monitored by the Social Sciences Citation Index. In each case, the number of citations puts these papers well within the range of citations for the top one percent of all articles published in economics and business during their respective publication years.
Frederick Dark, associate professor of finance, received the All Star Paper Award in 2002 bestowed upon the top two papers by average citations per year for each volume of the Journal of Financial Economics. The paper is “The Choice of Organizational Form: The Case of Franchising” by James A. Brickley and Frederick H. Dark, Journal of Financial Economics, v. 18, n. 1 (June 1987).
According to the Journal of Finance, our finance faculty rank second in the nation for publications in the top refereed journals when compared with those institutions without a PhD program and 37th when compared to all colleges and universities.
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Management
James C. McElroy, university professor of management, serves on the editorial board of the Journal of Managerial Issues.
C. Bradley Shrader, professor of management, serves on the editorial board of Decision Sciences Journal or Innovative Educations.
W. Roy Johnson, associate professor, serves on the editorial boards of the Journal of Psychology.
James Werbel, professor, is chief editor of the Journal of Managerial Issues, and serves on the editorial boards of Human Resources Mgmt and Human Resources Mgmt Review.
Werbel was also recognized as a Senior Fulbright Scholar to Portugal for summer 2006.
James C. McElroy, university professor of management, was named university professor in 2002 by Iowa State President Geoffroy. This award is received for significant impact on his department and the University in the areas of teaching, research, and professional service.
Paula C. Morrow, professor of management, was named university professor in 2000 by Iowa State President Geoffroy. This award is received for significant impact on her department and the University in the areas of teaching, research, and professional service. Paula also serves as Iowa State's Big 12 representative since July 2003.
James McElroy, university professor of management, and Paula C. Morrow, university professor of management serve as members of the editorial review boards of Journal of Labor Research and the Journal of Vocational Behavior.
C. Bradley Shrader, professor of management, was awarded the Phillip G. Hubbard Award for Outstanding Education in April 2002. Sponsored by Joseph Walder and Integrated DNA Technologies, Incorporated of Coralville, Iowa, Dr. Shrader was the sole recipient of the $18,000 award from Iowa State University.
Howard Van Auken, professor of management, was named a Justin G. Longenecker Fellow at the United States Association for Small Business and Entrepreneurship (USASBE) Conference in January 2009. He served as president of USASBE in 2003, program chair in 2004, and vice president in subsequent years.
Van Auken has been an associate editor of the Journal of Small Business Management, the oldest and most widely recognized journal in the entrepreneurship field, since 2003. He also serves on the editorial boards of Entrepreneurship: Theory and Practice, Journal of Small Business Strategy, and Journal of Developmental Entrepreneurship.
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Marketing
The marketing department is ranked 2nd for non-PhD institutions in research impact and productivity and 33 when compared to all colleges and universities. This 2003 study was conducted by Helm, Hunt, and Houston with the University of Missouri, Columbia. American Marketing Association Summer 2003.
According to a recent article in the Journal of Personal Selling and Sales Management, our faculty ranked second in the number of articles and tied for fourth in the number of published journal articles on selling and sales management in 16 top-ranked academic journals.
According to the Academy of Management Journal our marketing department ranked fourth nationally for programs without a PhD program in 2002-2001.
Sanjeev Agarwal, professor, serves on the editorial boards of Journal of Asia-Pacific Business, Journal of International Business Studies, and Advances in International Marketing.
Roy Teas, distinguished professor, serves on the editorial board of Journal of Personal Selling and Sales Mgmt.
Kay Palan, associate professor and associate dean, serves on the editorial board of Case Research Journal.
Sanjeev Agarwal and Sridhar Ramaswami, marketing professors, have been named co-recipients of the annual Journal of International Business Studies (JIBS) "Decade Award" by the Academy of International Business in 2002.
Russell Laczniak, professor of marketing, is serving as the editor of the Journal of Advertising, from 2003-2006. www.bus.iastate.edu/joa
Kay Palan, associate dean, and associate professor of marketing, received an "Outstanding Reviewer" award from the Case Research Journal at the annual 2003 meeting of the North American Case Research Association.
ISI Essential Science Indicators lists “Expectations, Performance Evaluation and Consumers Perception of Quality,” by Roy Teas, distinguished professor of marketing, appearing in the Journal of Marketing in October of 1993 as a Top Paper in economics and business as measured by their total citation impact. Since its publication and through February 2003, this paper accumulated 95 citations in the journals that are monitored by the Social Sciences Citation Index. In each case the number of citations puts these papers well within the range of citations for the top one percent of all articles published in economics and business during their respective publication years.
Stephen Kim, associate professor of marketing, serves on the editorial boards of the Journal of International Marketing, Journal of Business Research, and the Journal of Business & Industrial Marketing. He is one of three Conference Organizers for the 2007 Academy of Marketing Science Conference to be held in Coral Gables, Florida in May 2007.
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Management Information Systems
An interdepartmental masters and PhD degree in Human Computer Interaction was created in fall 2003. This program, one of the first of its kind in the country, trains researchers and practitioners to apply technology to business in areas such as designing user interfaces for database systems or developing systems allowing people to improve their interactions with technology.
Anthony Townsend, associate professor of management information systems, serves as an assistant editor of the Journal of Labor Research. He also serves as the Academy of Management’s Newsletter editor.
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Logistics and Supply Chain Management
U.S. News and World Report's 2005 America's Best Graduate Schools ranked Iowa State University 37th for supply chain/logistics.
A recent article in Transportation Journal analyzed logistics research published in the four leading academic journals in the field. Seven current and former CoB faculty members are listed among the 50 most productive researchers from more than 2,000 authors who have published in these four journals since their inception. Additionally, Iowa State was recognized (with Michigan State and Ohio State) as one of three university "thought centers" for logistics research.
In a recent article in the Supply Chain Management Review, academic and practitioner respondents were asked to identify and rank the Top 20 logistics and supply chain programs in North America from a list of approximately 100 colleges and universities offering courses/programs. Iowa State’s program was ranked as 7th by academic respondents and 14th by practitioner respondents with an overall weighted ranking of 12th. The program was ranked first among programs without a doctoral program.
Richard Poist Jr., professor of logistics and supply chain management, is a member of the Editorial Review Board for the Journal of Business Logistics.
Michael Crum, associate dean and professor of logistics and supply chain management, along with Richard Poist Jr., professor of logistics and supply chain management, will become co-editors for International Journal of Physical Distribution and Logistics Management in 2006.
Crum, along with Yoshinori Suzuki, associate professor of logistics and supply chain management, are members of the editorial board of the Transportation Journal.
Clyde (Skip) Walter, professor of logistics and supply chain management is a member of the editorial advisory board for the International Journal of Physical Distribution and Logistics Management.
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Operations and Supply Chain Management
U.S. News and World Report's 2005 America's Best Graduate Schools ranked Iowa State University 37th for supply chain/logistics.
According to a recent article in the Academy of Management Journal, our production operations management faculty ranked fifth in research productivity and first when compared with those institutions without a PhD program.
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Pappajohn Center for Entrepreneurship
Iowa State University was honored with the National Model Undergraduate Entrepreneurship Program Award at the United States Association for Small Business and Entrepreneurship (USASBE) Conference in January 2009. USASBE presents this award to the undergraduate entrepreneurship program that best reflects innovation, quality, comprehensiveness, sustainability, transferability, depth of support, and impact. Click here for full details.
Iowa State University and its Pappajohn Center for Entrepreneurship were ranked 24th nationally for students who want to be entrepreneurs, according to a survey of more than 700 colleges and universities by The Princeton Review and Entrepreneur magazine. The rankings and analysis were reported in the October 2006 issue of Entrepreneur magazine.
Iowa State was one of the first institutions to offer an interdisciplinary Minor in Entrepreneurial Studies. Today, the minor draws a record number of students, with the introductory course serving more than 300 students each year.
The Entrepreneurship & Innovation Learning Community provides a unique residential learning experience to 30 students annually from across campus who have an interest in entrepreneurship. In 2007, the students will open its first student-run business, The Barista Café.
Two of the Center’s Business Development clients were awarded the top two spots, winning $25,000 and $15,000 each respectively, in the first annual Pappajohn Iowa Business Plan Competition, from among more than eighty competitors on a statewide basis. The Center provided significant assistance both in contributing to the strategies and market research contained within those plans, as well as in format and content.
The Center for Entrepreneurship is one of four gateways in the state to early stage funding from the Wellmark Venture Fund. The ISU Pappajohn Center led an effort to revamp the convertible debt terms in order to make the program more attractive to borrowers. Interest in the program has increased, and in the past six months the Center has placed $300,000 of financing to early stage Ames-area technology companies.
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Iowa Small Business Development Centers (SBDC)
In one year, Iowa SBDC long-term (5+ hours) counseling clients returned $4.41 in tax revenues for every $1 cost of counseling, generated 1,001 new jobs, produced $125.3 million in incremental sales, contributed $8.3 million in federal and state tax revenues, and received $41.6 million in financing, all as a direct result of SBDC assistance. These same SBDC clients also saved or retained $6.4 million in sales and 351 jobs.
Iowa’s Small Business Development Center program is the only nationally-accredited entrepreneurial development organization in Iowa. Our 14 regional business assistance centers play an important role in ISU's land-grant mission by extending the College of Business directly into the business communities in all 99 Iowa counties. This helps create an economically stronger and healthier Iowa. In the past six years, the Iowa SBDC served 19,852 business clients with 117,533 hours of one-on-one counseling and taught 35,024 Iowans during 231,979 hours of training workshops. That’s almost 55,000 Iowa business people assisted in just 6 years with nearly 350,000 hours of professional business assistance.
Iowa is home to approximately 100,000 small businesses. Many of the businesses are owned by people nearing retirement age and many do not have a succession plan for their business. To address this challenge, the Iowa Small Business Development Centers are leading a Business Succession program that will educate Iowa's small business owners on the importance of good succession planning and offer resources to help owners successfully transfer their businesses. We also intend to develop a matching mechanism for business sellers and buyers so they can more easily find each other.
