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College of Business Administration

College of Business Administration. FY 05 – FY08 Operating Budget & Capital Budget Wim Wiewel, Dean February 2004. Planning Summary Statement . Challenges Too few faculty for teaching and research Low Satisfaction of UG students – class availability and facilities

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College of Business Administration

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  1. College of Business Administration FY 05 – FY08 Operating Budget & Capital Budget Wim Wiewel, Dean February 2004

  2. Planning Summary Statement Challenges • Too few faculty for teaching and research • Low Satisfaction of UG students – class availability and facilities • Seat Occupancy 86% overall – over 90% for undergraduates

  3. CBA – Goals & Strategies • Increase learning experience of undergraduate students • Increase Liautaud Graduate School of Business (LGSB) visibility, quality, and enrollment • Strengthen research • Maintain AACSB Accreditation Strategies to Attain Goals • Expand T/T faculty • Enhance facilities

  4. CBA Demand for Academic Programs ProgramFall 02 Fall 03 Undergraduate 2611 2494 Liautaud Graduate School of Business MBA Campus 568 506 MBA Contract 302 221 MS, MA (Actg, MIS) & Econ 180 209 PhD (Bus Ad, MIS) & Econ 94 93 Total 3755 3523

  5. Large Class Sizes Fall 02-FY03 Average Class Size Undergraduate Fall 02 Fall 03 Core 81 80 53 classes Major 45 46 93 classes Graduate MBA 34 29 45 classes Ph. D. & MS 21 24 26 classes All 48 49 215 classes

  6. CBA FY04 Occupancy Rates To reach 70% Occupancy, CBA would need 2200 more seats- 45 sections per semester or 90 per year

  7. EBI Survey of Seniors Spring 2003 CBA Rank out of 183 AACSB Colleges Rankings FY02 FY03 Overall satisfaction with 109124 Undergrad program Negatives: Size of Required courses 166 160 Quality of classrooms 171 174 Positives: Availability of advisors 61 68

  8. Lowest State Budget per FTE Student

  9. Facilities Issues • Second largest college at UIC • Only college at UIC without ANY designated building. • Only have 2 dedicated classrooms • Offices barely adequate for current faculty • Offices in UH & rented space in Rice Building, Computer Lab in EPASW • Classrooms in 6 buildings on East Side

  10. CBA Budget RequestFY05-FY08 Enhance Facilities • New CBA Building on UIC Capital Priorities List • Other Options to Explore: • Move MBA offices from the Rice Building to Taft Hall which becomes the headquarters of the LGSB • Acquire Rice Building to house LGSB classrooms, faculty offices & computer lab • Acquire and renovate some other building to house LGSB

  11. Targeted Areas of Research • Health Economics (HPC) • Human Resource Management (CHRM) • Information Management (CRIM) • Entrepreneurship (IES) • Urban Economics and Real Estate (CURE) • Insurance & Risk Management

  12. College Investment in Research

  13. College of Business Administration Disinvestment/Reallocation Strategy

  14. Impact of Reallocation Strategies

  15. College of Business Administration Investment/Allocation Strategies

  16. CBA Budget Request Rationale • 70% seat occupancy requires additional 90 sections per year (18 faculty & 4.5 lecturers) • Parity with LAS ($/SCH, adjusted for salary differential) requires additional $1.8 M • Parity with UIUC College of Business requires 29 additional faculty • Parity with Carnegie 1/Urban 21 B-Schools average requires 29 additional faculty • Traditional accreditation standard requires 35 additional faculty • State Funding forProfessor of Human Resource Management

  17. CBA Budget Request FY05-FY08 Needs • 18 T/T faculty 4.5 lecturers = $1,800,000 • FY05, 4 T/T faculty & 1 lecturer = $450,000 Sources • $900,000 base tuition from 100 additional LGSB students • $900,000 increased state funding

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