a strategic look at enrollment
DESCRIPTION
A Strategic Look at Enrollment. A Presentation to the Baruch Faculty Senate December 2, 2004. Strategic Importance of Enrollment Management. Budgetary impact Student preparation Progress to graduation Course scheduling demands Impact of curricular changes. Links to Budget. - PowerPoint PPT PresentationTRANSCRIPT
December 2, 2004 Faculty Senate Presentation
A Strategic Look at Enrollment
A Presentation to the Baruch Faculty Senate
December 2, 2004
December 2, 2004 Faculty Senate Presentation
Strategic Importance of Enrollment Management
• Budgetary impact• Student preparation• Progress to graduation• Course scheduling demands• Impact of curricular changes
December 2, 2004 Faculty Senate Presentation
Links to Budget
• Base budget minimally tied to enrollment through adjunct allocation
• Budget supplemented in a major way through tuition revenue in excess of target
December 2, 2004 Faculty Senate Presentation
Adjunct Budget Allocation
• ISM used to determine target faculty size (Fall and Spring 2002-03 enrollments)
• Number of actual faculty subtracted to determine target faculty size
• Difference in number of faculty converted to dollars
• Amount added to base budget as adjunct allocation
December 2, 2004 Faculty Senate Presentation
Determination of Excess Tuition
• Based on actual collections (Fall, Spring, Summer)
• Originally a weighted average• Changed by capping increases/decreases• Now adjusted as needed to cover shortfalls
December 2, 2004 Faculty Senate Presentation
Baruch CollegeComparison of Changes in Head Count and Revenue Targets
$47,000$47,800$48,600$49,400$50,200$51,000$51,800$52,600$53,400
Fiscal Year
Reve
nue
14,00014,80015,60016,40017,20018,00018,80019,600
Head
coun
t
Target ($000) Head Count
Target ($000) 48,113 50,496 52,023 52,283 52,824 53,034
Head Count 15,161 15,242 15,710 15,624 15,218 15,150
1998-99 1999-00 2000-01 2001-02 2002-03 2003-04
December 2, 2004 Faculty Senate Presentation
Strategic Tradeoffs
• Mix between undergrads and grads• Mix between freshmen and transfers• Changing admission standards• Curricular adjustments
December 2, 2004 Faculty Senate Presentation
Revenue Impact of Mix Changes
Revenue in $000s per 100 students• UG $400 (74.7% Full Time)• Grad $463 (28.6% FT)• Nondegree $250• MBA Premium $182 (29.2% FT)Proportion Full Time• Freshmen 98.5% and Transfers 72.8%
December 2, 2004 Faculty Senate Presentation
Admissions Criteria
Freshman Index: • CAA, SAT, Units• SAT and CAA on sliding scale• Need 3 units of both math and englishTransfer Criteria• CUNY/SUNY AA/AS: 2.25 but 2.50 (ZSB)• All others: 2.50 but 2.75 (ZSB)
December 2, 2004 Faculty Senate Presentation
Transfer Student Sources
• CUNY 2-year schools 45.5% (BMCC, LGA, KCC, QCC > 90%)
• CUNY senior colleges 17.8% (Hunter, NYC Tech, John Jay, City, Brooklyn)
• Non-CUNY schools 36.7% (Nassau CC, Foreign schools, Westchester CC, SUNY)
December 2, 2004 Faculty Senate Presentation
Transfer Student GPA From CC To Senior College (AA or AS)
• Baruch 3.15 to 2.61• Brooklyn 2.85 to 2.53• City 2.84 to 2.53• Hunter 2.95 to 2.66• Queens 2.88 to 2.63• York 2.75 to 2.61• Lehman 2.77 to 2.71
December 2, 2004 Faculty Senate Presentation
Elimination of Remediation and Increase in Admission Criteria
• Extensive analysis of demographic impact• Expected short term decline• To be offset by increase in number of
transfer students• Recovery stronger than anticipated
December 2, 2004 Faculty Senate Presentation
0
500
1000
1500
2000
2500
3000
3500
1995 1996 1997 1998 1999 2000 2001 2002 2003
New Freshmen and Transfers by Academic Year
Freshmen Transfers
977 998 1036 1044 1053 1058 1085 1097SAT
December 2, 2004 Faculty Senate Presentation
Issues Faced in 2000
• Concern with AACSB accreditation• Too many students, too few faculty• Large waiting lists, delaying graduation• FT to PT faculty ratios not meeting
standards• Large numbers of substitute faculty
December 2, 2004 Faculty Senate Presentation
Strategic Changes Implemented
• Seek MBA Tuition Increase to compete for FT faculty
• Reduce transfers, increase freshmen• Reduce overall enrollment• Increase grad relative to undergrad• Increase SPA and WSAS majors
December 2, 2004 Faculty Senate Presentation
Positive Changes Resulted
• Significant numbers of new faculty hired• Waiting lists decreased in size• Graduation rates increased• Both the number of freshmen admitted and
the quality of students increased substantially
December 2, 2004 Faculty Senate Presentation
0
10
20
30
40
50
60
Perc
ent G
radu
ated
in 6
Yea
rs
1994 1995 1996 1997 1998
6-Year Graduation Rates for FT Freshmen Cohorts
December 2, 2004 Faculty Senate Presentation
0
5
10
15
20
25
30
35
40
45
50
1995 1996 1997 1998 1999
4-Year Graduation Rates for Transfer Cohorts
December 2, 2004 Faculty Senate Presentation
Unintended Consequences
• Revenue targets rose despite enrollment decline
• MBA demand weakened in general• 9/11, SARS, and increased INS scrutiny
impacted international enrollment• CUNY tuition hike in Fall 2003 had
disproportionate impact on nonresidents and graduate students
December 2, 2004 Faculty Senate Presentation
0
200
400
600
800
1000
1200
1400
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1800
Enro
lled
2001 2002 2003 2004
Fall Semester
MBA Enrollment Mix
PT-Non
FT-Non
PT-Res
FT-Res
December 2, 2004 Faculty Senate Presentation
Effects of Internal Changes
• Pre-Business Core• GPA Requirements for Majors• Tier III Minors
December 2, 2004 Faculty Senate Presentation
Future Challenges
• State budgetary concerns• Control of admissions criteria• Student demographics• Managing adjunct budget allocation• Scheduling and planning