The College of Business
Undergraduate Programs
Graduate Programs
Career Services
Accounting
Finance
Management
Marketing
Logistics,
Operations and Management Information Systems (LOMIS)
Management
Information Systems
Logistics and Supply Chain Management
Operations and Supply Chain Management
Pappajohn Center for Entrepreneurship
Small Business Development Center (SBDC)
THE COLLEGE OF
BUSINESS
Established in 1984, the College of Business is the
third-largest of Iowa State University’s
colleges, with fall 2006 enrollment of 3,585
students (3,313 undergraduate students, 272
graduate students).
The College of Business is accredited by
AACSB
International – The Association to Advance
Collegiate Schools of Business, which
accredits less than one-third of the 1,200
business schools in the nation.
2006 U.S.News & World Report Ranking
- Best Undergraduate Business Programs - Iowa
State College of Business ranked 73rd
- Iowa State University is listed among
universities with outstanding programs that
contribute to academic success. Iowa State was
one of 25 public colleges and universities cited
for ”first-year experiences” and one of only 10
universities recognized for
“internships/co-ops.”
2005 U.S.News & World Report Ranking
- Top Graduate Schools - Iowa State College of
Business ranked 67th
ISU ranks 38th among 126 public national
universities that grant doctoral degrees, up
from 41st last year.
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.
UNDERGRADUATE PROGRAMS
Ann Coppernoll Farni, 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.
GRADUATE PROGRAMS
In fall 2006, 272 students were enrolled in College of
Business graduate programs. The college offers
the following graduate programs:
§
Full-time MBA
§
Two part-time MBA programs (Saturdays in Ames,
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.
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.
ACCOUNTING
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.
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.
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.
Howard VanAuken, professor of management, serves on the
editorial boards of Entrepreneurship: Theory
and Practice, Journal of Small Business Strategy,
and Journal of Developmental
Entrepreneurship.
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.
James Werbel, professor, was been 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, has
been named Associate Editor of the Journal of
Small Business Management, since 2003. The
JSBM is the oldest and most widely recognized
journal in the entrepreneurship field.
Howard VanAuken, professor of management, was
the 2003 President of the United States
Association for Small Business and
Entrepreneurship (USASBE), program chair in
2004, and vise-president in following years.
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.
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.
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., department chair of logistics,
operations, and management information systems
and 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., department chair of logistics,
operations, and management information systems
and 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.
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.
Rhonda Lummus, associate professor of operations
and supply chain management, received the Romey
Everdell Award in 2003 recognizing the most
outstanding contribution to the highly respected
Production and Inventory Management Journal
published by APICS-the Educational Society for
Resource Management for the paper, "Making the
Right e-Fulfillment Decision."
PAPPAJOHN CENTER
FOR ENTREPRENEURSHIP www.isupjcenter.org
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.
In its third 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.
IOWA SMALL BUSINESS DEVELOPMENT
CENTERS (SBDC) www.iowasbdc.org
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.
