Donald Jacobs
Donald Jacobs

Dean Emeritus
Professor Emeritus of Finance

Print Overview

Donald Jacobs has been a member of the Kellogg School faculty since 1957 and was Dean from 1975 until 2001. He was named the Gaylord Freeman Professor of Banking in 1979. From 1960 to 1975, he was Director of the School’s Banking Research Center, and Chairman of the Department of Finance from 1969 to 1975.

Dean Jacobs’ research interests include banking, capital markets, monetary policy, corporate finance, and international finance. His work has been published in many scholarly journals, and he is an author of Financial Institutions and served as editor of Regulating Business: The Search for an Optimum. He teaches corporate governance and issues of risk in business at the master’s level at the Kellogg School and also teaches corporate governance and financial topics for the School’s executive education programs at the James L. Allen Center.

He has been awarded honorary degrees from Tulane University (Doctor of Law), Roosevelt University (Doctor of Humane Letters), Chulalongkorn University in Bangkok, Thailand (Doctor of Business Administration), the Koblenz School of Corporate Management, Germany (Doctor of Economics), Lake Forest College (Doctor of Laws), University of Paris-Dauphine (Doctor Honoris Causa), Hong Kong University of Science and Technology (Doctor of Business Administration), Tel Aviv University, Israel, Nijenrode University, Netherlands and Flanders School of Business in Belgium. In 1980, he was named Officier of the Association Des Membres De L’Ordre Des Academiques (France). In 1999 he was appointed a knight commander of Thailand's Most Admirable Order of Direk-Gu-Na-Bhorn. In 2003 he was named an Officer of the Kroon Order by the King of Belgium.

From 1990 to 1992, Dean Jacobs was Chairman of the Advisory Committee of the Oversight Board of the Resolution Trust Corporation for the third region. He has served as director on many corporate boards. Currently, boards include ProLogis, Terex Corporation and CDW Corporation. He is also on the Board of Advisors for Greenwich Associates and Allstate Bank.

He was Senior Economist for the Banking and Currency Committee of the U.S. House of Representatives from 1963 to 1964, and from 1970 to 1971, he served as Co-Staff Director of the Presidential Commission on Financial Structure and Regulation (The Hunt Commission). From 1975 to 1979, he was Chairman of the Board of AMTRAK.

Dean Jacobs serves as a consultant to corporations, academic institutions, and government agencies. He received his BA in 1949 in Economics from Roosevelt University; his MA in 1951 and his Ph.D. in 1956, both in Economics from Columbia University.

Areas of Expertise
Banking and Financial Institutions
Corporate Finance
Corporate Governance
International Finance (Exchange Rates, Current Account)

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Print Vita
PhD, 1956, Economics, Columbia University
MA, 1951, Economics, Columbia University
BA, 1949, Economics, Roosevelt University

Honors and Awards
Kellogg Alumni Professor of the Year Award, Kellogg School of Management, 1994, 1992

Print Research
Research Interests
Banking, capital markets, monetary policy, corporate finance, international finance

Jacobs, Donald. 1977. The Future of Small Bank in the US. Executive.
Jacobs, Donald. 1977. Managing Today's Commercial Banks: Issues & Developments. Journal of Contemporary Business.
Jacobs, Donald. 1975. The Financial Structure of Bank Holding Companies.
Jacobs, Donald. 1975. The Effects of Direct Deposits on the Use Bank Services. Journal of Bank Research.
Jacobs, Donald. 1974. The Changing Dimensions of Banking Structure. Journal of Bank Research.
Jacobs, Donald. 1974. Technologia E Avvenire Delle Aziende Di Credito USA. Rassegna Della Stampa Estera.
Jacobs, Donald. 1974. The New World in Banking. Wharton Quarterly.
Jacobs, Donald. 1972. The Commission of Financial Structure and Regulation: Its Organization and Recommendations. Journal of Finance. 27(2): 319-328.
Jacobs, Donald. 1971. Guidelines for Designing Bank Planning Models and Information Systems. Journal of Banking Research.
Jacobs, Donald. 1970. La Technologie bancaire, Les Processus de Decision Bancaire et la Structure Bancaire Futurs aux Etats-Unis. Revue D'Economie Politique.
Jacobs, Donald. 1964. The Framework of Commercial Bank Regulation: An Appraisal. National Banking Review.
Jacobs, Donald. 1963. Computer Use in Large Companies. Data Processing for Management.
Jacobs, Donald. 1962. Chicago Banking: A Critical Review. Journal of Business. 35(4): 414-419.
Jacobs, Donald. 1960. The Bank Capital Question. Banking.
Jacobs, Donald. 1960. The Marketable Security Portfolios of Non-Financial Corporations. Journal of Finance. 15(3): 341-352.
Book Chapters
Jacobs, Donald. 1978. "Regulation of Deposit-Type Financial Institutions." In Regulating Business: The Search for an Optimum, edited by Chris Argyris and Donald Jacobs, Institute for Contemporary Studies.
Jacobs, Donald. 1972. "Overview of the Commission's Philosophy and Recommendations." In Proceedings of a Conference Held in June 1072, Federal Reserve Bank of Boston.
Jacobs, Donald. 1966. "Specialization in Financial Institutions." In Proceedings of Conference on Residential Financing, US Savings and Loan League.
Jacobs, Donald. 1964. "The Impact of Examination Practices upon Commercial Bank Lending Policies." In Committee on Banking and Currency, US Government Printing Office.
Jacobs, Donald. 1962. "Financing Technological Progress in Railroads." In Proceedings of the Railroad Systems and management Association, Railroad Systems and management Association.
Jacobs, Donald. 1961. "Risk Capital in Financial Institutions." In Commission on Money and Credit.
Jacobs, Donald. "Technology in Banking's Future." Bankers Magazine, Summer.
Greenbaum, Stuart I. and Donald Jacobs. 1981. Flexible Exchange Rates and International Business. British-North American Committee.
Jacobs, Donald. 1978. Regulating Business: The Search for an Optimum. Institute for Contemporary Studies.
Jacobs, Donald. 1972. Financial Institutions. RD Irwin, 5th Edition.
Jacobs, Donald. 1972. The Impact of Electronic Money Transfers on the Savings and Loan Business. U.S. Savings and Loan League.
Jacobs, Donald and Donald Jacobs. 1968. Proceedings of Conference on Savings and Residential Financing. U.S. Savings and Loan League.
Jacobs, Donald and Donald Jacobs. 1968. Proceedings of Conference on Savings and Residential Financing. U.S. Savings and Loan League.
Jacobs, Donald. 1967. System 360 Savings and Loan Management Simulation. International Business Machiens Corporation.
Jacobs, Donald. 1966. Financial Institutions. RD Irwin, 4th Edition.
Jacobs, Donald. 1957. Sources and the Cost of Funds of Large Sales Finance Companies.
Jacobs, Donald, J. Douglas Gray and Canh Tran. 2004. CDW. Case 5-104-018 (KEL067).

Print Teaching
Teaching Interests
International finance, corporate governance