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Faculty/Staff Meeting September 12, 2005

Faculty/Staff Meeting September 12, 2005. School of Business Program Update. Undergraduate Program. Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps. Strong Media Rankings High Internal Satisfaction Rankings

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Faculty/Staff Meeting September 12, 2005

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  1. Faculty/Staff Meeting September 12, 2005

  2. School of BusinessProgram Update Undergraduate Program Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps Strong Media Rankings High Internal Satisfaction Rankings Excellent Placement Outcomes Program Assessment Underway

  3. School of BusinessProgram Update Faculty Research Research presence in A journals remains strong in key areas We have retained our most productive scholars but faculty numbers have declined slightly We should strengthen incentives for outstanding scholarship Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  4. School of BusinessProgram Update Executive Education CASB has generated surplus revenue Top 20 in U.S. in Financial Times Great start for two new programs: Leadership and Applied Business and NRECA Continuing to develop new custom clients Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  5. School of BusinessProgram Update MBA Rankings Recent Rankings • US News, Business Week no change • Financial Times DQ Components of US News ranking • Student Quality remains strong • Peer rating improving • Placement outcomes (for ’04) and recruiter rating remained weak • “New program” has yet to hit the market Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  6. School of BusinessProgram Update StudentQuality Student Satisfaction Faculty and Program Quality Placement Outcomes MBA areas of focus Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  7. MBA Areas of Focus Next year’s actions This year’s results Structural improvements in MBA career services 92% placement at 3 mos. versus 82% last year Develop action plan in areas of weak placement Placement variation across specialties Sources of variation: markets timing focus Improve corporate outreach to gain “core school” status Job Placement Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  8. Next Steps for the MBA Implement 2nd year curricula Improve coordination across centers and with MBA office Refine the mix of specializations Greater focus on placement Complete funding of the model Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  9. Facilities Bids exceeded project budget by $7MM (17.5%) Options: find $, piecemeal chg, or redesign and rebid We are in process of redesign which will reduce project scope Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  10. Alumni & Corporate Relations • Building our alumni network • Wisconsin Business Alumni Board • Improved centralized services • Example: Hawk Center partnering with alumni relations • Balance of services offered and opportunities for involvement • Building relationships with corporate partners • Better tracking of corporate partners and contacts • Creating corporate gift recognition plan Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  11. Create the Future Campaign Update • Seven year capital campaign began Jan. 1, 2000 and concludes on Dec. 31, 2006 • School of Business goal: $120 million • Current pledges total nearly $90 million • Approximately $70 million pledged in the last 3 years • Campaign priorities include: • Program support • Faculty and student support • Alumni engagement • Facilities • Transformational projects - Naming gift Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  12. Budget • School of Business continues to face shortfall in 101 funding (tuition and GPR) relative to 101 expenditures (cost of faculty, staff and supplies to run programs). • The shortfall will be eliminated by a combination of factors: • Continue to remove costs associated with activities not critical or not required for competitive position • Executive MBA surpluses • Increased unrestricted annual giving • CASB surpluses • Increased campus support • Differential undergraduate tuition? Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  13. Next Steps LCM and merit process changes? Continue to execute and build corporate partners for MBA Consider menu of options to strengthen undergraduate program Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  14. Next Steps Continue development of high-end programs for blue-chip partners Nurture human resources Improve systems for alumni and corporate relations Undergraduate Faculty Research Executive Education MBA Facilities Alumni Campaign Budget Next Steps

  15. Questions?

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