budget and planning presentation - provost · • cob alumni network event in chicago, 125+...

B U D G E T A N D P L A N N I N G P R E S E N T A T I O NA P R I L 2 , 2 0 1 3

SCOTT D. JOHNSON, DEANC O L L E G E O F B U S I N E S S

WELCOMEAND THANK YOU FOR

COMING!

• Who we are/vision/mission

• Academic Programs

• Rankings

• Strategic Goals

• Selected Accomplishments

• Productivity Measures

• Program Enhancement Requests

• Permanent Requests

• Position Requests

• Facilities Requests

• FY 14 priorities

P R E S E N T A T I O N

THE FIRST CHOICE FOR BUSINESS EDUCATION

IN ILLINOIS.

V I S I O N

The COB mission statement is closely aligned with the vision of Educating Illinois.

Through our shared commitment to excellence in teaching, research, and service, we prepare students to be skilled

and ethical business professionals who will make significant positive contributions to organizations, to

communities, and to our larger society.

M I S S I O N

W H O A R E W E A N D W H E R E A R E W E G O I N G ?

• The College of Business at Illinois State University is one of the largest and most respected business schools in the country.

• Our plan is to build on this reputation and tradition.

A C A D E M I C P R O G R A M S

• Accountancy: B.S., M.S., Integrated B.S. /M.P.A. • Business Administration: B.S., M.B.A.• Business Information Systems: B.S. • Business Teacher Education: B.A., B.S., B.S. in Ed.• Finance: B.S.• Insurance: B.S.• International Business: B.A., B.S. • Management: B.S.• Marketing: B.S.

S H A R E D V A L U E S

• Excellence in instruction• Dedication to knowledge creation• A commitment to citizenship and service• Shared governance• High ethical standards

R A N K I N G S

The COB seeks third party validationthrough national rankings

and recognitions for its excellent programs.

R A N K I N G S

Business Week magazine:

“BEST UNDERGRADUATE BUSINESS SCHOOLS” ranking for the past four years in a row 2010-2013.

ONLY 45 PUBLIC BUSINESS SCHOOLS IN THE TOP 100. Only two public business schools in the

state of Illinois in the top 100. WE ARE ONE OF THOSE TWO.

R A N K I N G S

THE PRINCETON REVIEW:

MBA Program listed as one of the “Best Business Schools, 2013 Edition”

R A N K I N G S

U.S. NEWS AND WORLD REPORT:

MBA Program listed as one of the “Best Grad Schools in Business”, 2013 Edition

R A N K I N G S

Risk and Insurance Management Society (RIMS),Has recognized Illinois State University in 2012 as a

“Midwestern RMI Powerhouse” and ONE OF THE TOP 10 PROGRAMS IN THE COUNTRY.

R A N K I N G S

Certified Public Accounting Exam (CPA) Highest pass rate for public universities in

IllinoisThe recent national data lists ISU as #15 in the

country.

R A N K I N G S

2012ONE OF THE TOP SALES PROGRAMS IN THE U.S.

according to the University Sales Education Foundation

R A N K I N G S

W H A T D O T H E S E R A N K I N G S M E A N ?

The College of Business at Illinois State University is nationally recognized

for excellence and quality.

1. Prepare students to become skilled business professionals who can contribute positively to organizations and society

2. Build a community of excellent scholars, teachers, and support staff

3. Promote and communicate our successes and our vision of excellence and national recognition

4. Create and strengthen partnerships with alumni and business organizations

S T R A T E G I C G O A L S


• The COB offered six diversity related scholarships through its endowed (approximately $350K) minority student scholarship funds.

• The concept of professionalism is growing in importance and our programs continue to build on this idea through mock interviews, etiquette training, lectures, presentations, and opportunities to interact with our eight advisory boards.

• In an effort to better serve students, we implemented an “Advisor on Call” program in August 2012. Through this process, each of our advisors opens up their calendar on a walk-in basis for the equivalent of one day a week. The program has been well received. We are also experimenting with sophomore group advising.

S E L E C T E D A C C O M P L I S H M E N T S


• The Chicago MBA was launched in February 2013. The program is held in the Crain Communications building on Michigan Avenue within the ISU suite of offices. In addition, a new cohort for the Corporate MBA–Normal was launched in fall 2012. These programs are weekend executive style programs consisting of mid- to upper-level business managers who are employed full time.

• Approximately 400 students completed internship in the past year. In addition, average starting salary for full time employment for COB graduates was $43,551.


2. Build a community of excellent scholars, teachers, and support staff• COB: Faculty members continue to be very productive in the research

arena. For 2012 faculty members produced 280 intellectual contributions including 109 refereed journal articles (note: 111 in 2011; 90 in 2010; and 81 in 2009); Book chapters published in 2012=10 (note: 2011=20; 2010=8; 2009=14); Peer reviewed paper presentations in 2012=60 (2011=68; 2010=60; 2009=65.

• Mr. B.J. Newmister received the Outstanding A/P Service Award• Ms. Nancy Kerns and Ms. Jan Staley received the Outstanding Civil

Service Award• Ms. Mary Kay Rotsch received the NTT Teaching Excellence Award• Dr. Kim Judson received the Manahan Teaching Excellence Award• Dr. Peter Kaufman received the Kamath Faculty Innovation Award and

the MBA Professor of the year award


2. Build a community of excellent scholars, teachers, and support staff• Dr. Linda Leinicke received the Hallam Endowed Accounting

Scholars Award• Dr. Den Patten received the Hagge Accounting Faculty Award• Dr. Victor Devinatz received the Outstanding Faculty Service

Award• Dr Askar Choudhury and Dr. Jay Rich jointly received the

Outstanding Researcher Award• Dr. Elango Balasubramanian received the Country Financial

Faculty Scholar Award• Dr. Meredith Downes, Dr. Gary Hunter, Dr. Aysen Bakir, and Dr.

Nat Pope each received a University Research Grant.• Dr. Edgar Norton received the Alexander Technology Innovation

Award


3. Promote and communicate our successes and our vision of excellence and national recognition

• National recognition was a achieved by the overall COB undergraduate programs, the MBA Programs, and by individual majors in Accounting, Insurance, International Business, and Professional Sales.

• Blogging and video interviews enhanced on a newly developed Content Management System for web delivery

• Enhanced marketing communication strategies were implemented via Linked-In, Twitter, print (COB “News and Views”, COB “Sustaining Excellence,” COB “Standards of Professional Behavior,” COB “Early Career Achievement,” FIL “Disclosure,” Accounting “Footnotes,” Business Week, and various other print pieces that were mailed and were developed for the web).


4. Create and strengthen partnerships with alumni and business organizations

• Gifts to the COB through June 30th.– 2012 = $3.37 million– 2011 = $1.92 million– 2010 = $3.81 million

• 1,504 total donors• COB Alumni Network event in Chicago, 125+ attending;

Homecoming tent successful • Advisory Boards (10) reaching new heights with approximately 150

industry professionals meeting regularly with college, department, and program leaders. This input helps shape the curriculum, and provides useful contacts for research ideas and support.


1. Degrees Conferred2. Head Count3. Class Size4. TT FTE, NTT FTE, Credit Hrs/FTE

P R O D U C T I V I T Y M E A S U R E S

1. Degrees Conferred ‐ Undergraduate

2008 2009 2010 2011 2012

COB 731 774 902 797 837

% Change from

previous year

+ 5.9% +16.5% ‐11.6% +5.0%

Total ISU 4,186 4,117 4,424 4,287 4,452

COB as % of Total

18.8% 20.4% 18.6% 18.8%


1. Degrees Conferred ‐Masters

2008 2009 2010 2011 2012

COB 95 127 115 140 134

% Change from previous year

+33.7% ‐9.4% +21.7% ‐4.3%

Total ISU 663 713 712 830 857

COB as % of Total

17.8% 16.2% 16.9% 15.6%


2. Head Count, Fall Census Day ‐ Undergraduate

2008 2009 2010 2011 2012

COB 3,329 3,237 3,094 3,120 3,172

% Change from

previous year

‐2.8% ‐4.4% +0.8% +1.7%

ISU 17,949 18,344 18,254 18,535 18,207

COB as % of Total

18.5% 17.6% 16.9% 16.8% 17.4%


2. Head Count, Fall Census Day ‐Masters

2008 2009 2010 2011 2012

COB 201 230 237 230 186

% Change from previous

year

+14.4% +3.0% ‐3.0% ‐19.1%

ISU 2086 2090 2,085 2,069 1,867

COB as % of Total

9.6% 11.0% 11.4% 11.1% 10%


3. Class size – Small classes (<20) Census Day ‐ Fall2008 2009 2010 2011 2012

COB Small Classes

27 48 48 42 55

COB Total Classes

250 272 291 290 289

% of COB classesthat are small

10.8% 17.6% 16.5% 14.5% 19.0%

ISU Small Classes 1,033 1,065 1,077 1,111 1,085

ISU Total Classes 2,767 2,820 2,791 2,885 2,538

% of ISU classesthat are small

37.3% 37.8% 38.6% 38.5% 42.8%


3. Class size – Medium Classes (20‐49) Census Day ‐ Fall2008 2009 2010 2011 2012

COB Medium Classes

181 231 232 237 199

COB Total Classes

250 272 291 290 289

% of COB classes that are

medium

72.4% 84.9% 79.7% 81.7% 68.9%

ISU MediumClasses

1,431 1,493 1,468 1,495 1,408

ISU Total Classes

2,767 2,820 2,849 2,885 2,827

% of ISU classesthat are medium

51.7% 52.9% 51.5% 51.8% 49.8%


3. Class size – Large Classes (50+) Census Day ‐ Fall2008 2009 2010 2011 2012

COB Large Classes

37 37 32 34 35

COB Total Classes

275 288 291 291 289

% of COB classes that are

Large

13.5% 12.8% 11.0% 11.7% 12.1%

ISU LargeClasses

286 283 288 279 279

ISU Total Classes

2,767 2,820 2,849 2,885 2,827

% of ISU classesthat are Large

10.3% 10.0% 10.1% 9.7% 9.9%


4. TT Faculty, FTE, Credit Hrs/FTE

FTE, Fall 2011

Credit Hrs/FTE

FTE, Spr2012

Credit Hrs/FTE

COB TT 74 245.9 75 241.4

COB NTT 25.4 502.8 27.0 478.2


4. TT vs NTT credit hours taught

FTE, Fall 2011

Credit Hrs/FTE

Total Credit Hours Percent

COB TT 74 X 245.9 = 18,197 58.8%

COB NTT 25.4 x 502.8 = 12,771 41.2%

Total 96.9 30,968 100%


Support Area CollegeContribution

Requested Total

Support for Databases and Software $65,000 $40,000 $105,000

Support for Departmental Lab Classrooms and Specialized Rooms (Boardroom, Professional Sales Lab, and Executive classroom); technology upgrades

$29,100 $29,100 $58,200

Support for Faculty PC recapitalization

$19,840 $19,840 $39,680

Total $113,940 $88,940 $202,880

F Y 1 4 P R O G R A M E N H A N C E M E N T R E Q U E S T S F O R S U P P L E M E N T A L F U N D I N G

Support Area Salary Requested

Director of Professional Development $60,000

Director of International Programs $65,000

Director of MBA Recruitment and Admissions $70,000

Total $195,000

P E R M A N E N T R E Q U E S T S

Type of request Department Level

936a AccountingPosition: Financial Accounting

Assistant

936a AccountingPosition: Managerial Accounting

Assistant

936a Finance, Insurance and Law (FIL) FinancePosition: Finance

Assistant

936a Finance, Insurance and Law (FIL) Position: Insurance

Assistant

936a Management and Quant. Methods (MQM) Position: Org. Behavior/Human Resource Mgmt.

Assistant

936a MarketingPosition: Professional Sales

Assistant/Associate

936a MarketingPosition: Professional Sales

Assistant

P O S I T I O N R E Q U E S T S – F Y 1 3 S E A R C H / F Y 1 4 H I R E

None

F A C I L I T I E S R E Q U E S T S

• National ranking/recognition in all programs• Enhanced alumni interaction and mutual support• Increase endowed support to recruit and retain faculty• Increase private funding support for operations• Greater emphasis on internships and placement • Grow business partnerships

C O L L E G E O F B U S I N E S S P R I O R I T I E S

Q U E S T I O N S ? C O M M E N T S ? I D E A S ?

budget and planning presentation - provost · • cob alumni network event in chicago, 125+...

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