Headshot of middle aged man in black suit

David Spalding

Raisbeck Endowed Dean

Welcome to the Debbie and Jerry Ivy College of Business!

As the youngest college at Iowa State University, just 35, the Debbie and Jerry Ivy College of Business is making a name for itself — literally. Ours became the first named college at Iowa State University after alumnus Jerry Ivy and his wife, Debbie, generously donated $50 million to the college in 2017.

Our name is new. Our impact is not.

After recently experiencing several years of student enrollment growth, the Ivy College of Business has the second largest enrollment in the Big 12. To best serve our students for their bright futures, we have added more programs, such as entrepreneurship, actuarial science, and business analytics, with others currently going through the approval process. Our new programs drive growth in the college.

One thing that has not changed over the years is the focus on student support. Ivy students have a lot of support from faculty and staff, including academic planning from advisors, career and internship planning with professional career coordinators, assistance with presentations from a team of experts in the communications center, and opportunities to join a learning community or one of many Ivy student organizations.

The past five years are been filled with a string of exciting announcements, showing why Iowa high school students choose Ivy more than any other business school in Iowa.

Here are some highlights:

Making room for students: When you visit the Gerdin Business Building, you’ll notice the construction project on the east side of the building, facing Wallace Road.  After five years of enrollment growth, our students, faculty, and staff have outgrown the Gerdin Business Building. Designed with students in mind, the expansion will connect to and look as beautiful as the existing building, while providing 40 percent more space for students, faculty, and staff. There will be more classrooms, a multi-purpose space, and more places for students to study. For the latest updates and photos, visit the Gerdin Grows web page and follow us on social media.

Named college: On September 11, 2017, Debbie and Jerry Ivy announced their historic $50 million gift, which led to our new name, the Debbie and Jerry Ivy College of Business. Ours is the first named college at Iowa State University. How perfect that we are named after a successful entrepreneur who happens to be our alumnus. At the time of the gift, there were only 14 other business schools in the country to have received a gift larger than $50 million, so we are in good company!

The Ivy gift supports the short and long-term priorities at the college. Most immediately, it will build on momentum in several growing areas, including entrepreneurship, business analytics, and supply chain management, which is ranked fifth in the world for research.  The gift also provides faculty support and programmatic funding for those and other areas. The college recently started offering more than $1 million in student scholarships each year, which is a direct result of the Ivy gift. Together with Debbie and Jerry Ivy, we are investing in our students. We are very grateful to Debbie and Jerry Ivy and all of our donors.

Successful MBA: We are also having some impressive successes with our MBA programs. We offer several options for students, and working professionals, to earn an MBA.  This degree can help our graduates advance their careers. Our MBA programs have soared in the 2020 U.S. News and World Report rankings. Our full-time program jumped 32 places (from 79 to 47) and our part-time program improved from 118 to 81.

Our concurrent MBA (3+2) program is available to undergraduate students enrolled in select design, engineering, and science and technology majors at Iowa State University. It is designed to be completed in a total of five years, including undergraduate and MBA coursework. Learn more about our MBA programs here.

As a team, our faculty and staff have taken the college to new levels and positioned ourselves on the cutting edge of business education. We continue to provide students with a broad range of unique opportunities and experiences that position them to be essential employees and exemplary citizens.

We continuously look forward and remain committed to staying on the cutting edge of industry trends. We consistently evaluate and add new programs that will benefit our students and assist them in excelling in the workforce – driving economic impact and positive contributions to their respective employers.

As you can see, we are a college on the move!

I invite you to explore our website and learn more about us and the many exciting majors available in the college. Connect with us on social media, through our electronic newsletter, Discover Business, and our magazine, Prospectus. It’s a great time to be in business at Iowa State University!

David P. Spalding
Raisbeck Endowed Dean
Debbie and Jerry Ivy College of Business
Iowa State University

About Raisbeck Endowed Dean David Spalding

David P. Spalding is the Raisbeck Endowed Dean of the Ivy College of Business at Iowa State University. He is the fifth dean of the college. He is also serving as interim vice president for economic development and industry relations for Iowa State University.

Under his leadership, total enrollment at the Ivy College of Business grew 36.8 percent from fall 2012 to fall 2019. Spalding has hired 53 tenured, tenure-eligible faculty. He has helped secure more than $120 million from donors, including a $50 million commitment from Debbie and Jerry Ivy that named the college in September 2017. He has increased funding for faculty research by 122 percent and increased the number of students having an international experience by 94 percent (both 2013-2019).

Before arriving in Ames in August 2013, Spalding served for eight years at Dartmouth College in New Hampshire, most recently as senior vice president and senior advisor to Dartmouth’s president. Prior to Dartmouth, he had a 29-year career in finance in New York City. He began his career in New York with The Chase Manhattan Bank. He also was a vice president with The First National Bank of Chicago and a senior vice president with GE Capital Corporate Finance Group Inc. In addition, he was a managing director at Lehman Brothers. He was most recently vice chairman of The Cypress Group LLC, a firm that he co-founded and co-managed.

Over the years, Spalding has served on a number of corporate boards and nonprofit organizations, including the Make-A-Wish Foundation of Metro New York, where he was board chair. He currently serves on the Ames Economic Development Commission Board of Directors and is the United Way of Story County Tocqueville Society Campaign Chair. He secured the gift naming the Ivy College of Business and the Gerdin family’s lead gift to expand the Gerdin Business Building. Spalding is currently serving his second year as interim vice president of economic development and industry relations for Iowa State University.

Spalding received an AB in history cum laude in 1976 from Dartmouth and a master’s of business administration in finance from New York University in 1984.