After the war he studied at the Academy of Fine Arts in Ljubljana under Gojmir Anton Kos and Božidar Jakac. He graduated in 1948.
He enrolled in the Zagreb Academy of Arts in 1940, but his studies were interrupted by the Second World War. He joined the partisans in 1941 and participated in the Battle of Dražgoše, the monument to which he later participated in designing. He is known for his paintings, linocuts and other prints, illustrations and murals.
He died in Škofja Loka in 1989.
The Ive Šubic Art Colony, organized every year in Škofja Loka since 1997 is named after him.