College of Business - Midwestern State University

Report
Dillard College of Business
Administration
Vision & Mission
Our Vision is to be recognized as the center of excellence in business education
and service in North Central Texas.
Our Mission is to provide students an educational experience that develops
knowledge and competencies needed for professional career entry, mobility, and
leadership. For our stakeholders, the Dillard College provides specialized
services that contribute to the economic education, development, and vitality of
our region.
Values
Our Values
• Diversity among individuals and cultures
• Integration of the college and the regional business community
• Close relationships among students and faculty
• Lifelong learning from the foundation of a liberal arts education
• Professional behavior on the part of faculty and students
• An attitude of ethical leadership among students and faculty
• An entrepreneurial mindset – an orientation of leveraging unique resource
combinations to seize opportunities that create value (monetary or otherwise)
AACSB Accredited
The Dillard College of Business Administration received accreditation in April
2010.
AACSB Accreditation represents the highest standard of achievement for business
schools worldwide. Less than 5% of the world’s 13,000 business programs
have earned AACSB Accreditation. AACSB-accredited schools produce
graduates that are highly skilled and more desirable to employers than other
non-accredited schools.
AACSB-accredited schools have the highest quality faculty, relevant and
challenging curriculum, and provide educational and career opportunities that
are not found at other business schools.
www.aacsb.edu
Undergraduate Enrollment
10,000
9,876
9,500
9,000
Dillard College Total
Enrollment
8,658
8,500
8,142
8,000
8,139
7,998
7,542
7,500
Fall 2010
Spring
2011
Fall 2011
Spring
2012
Fall 2012
Spring
2013
Undergraduate Enrollment
by Major
3000
2500
2000
Fall 2010
Spring 2011
Fall 2011
1500
Spring 2012
Fall 2012
1000
Spring 2013
500
0
ACCT
BUAD
ECON
FINC
LSBA
MGMT
MIS
MKTG
Budget
• Overview
• Salaries & Positions
• Departments
• Dillard College Centers
Budget Overview 2012-2013
•Principal Operations
$3.5 Million
DCOBA Budget
•SBDC
$267K
1%
7%
•Dillard College Centers
$31K
--Bureau of Business and
Government Research
$14K
--Lalani Center for
Entrepreneurship
$12K
--Mamie Raborn Center
of Economics
$5K
Principal Operations
SBDC
Dillard College
Centers
92%
Budget Overview 2012-2013
DCOBA Budget Excluding Centers and Dillard Trust 2012-2013
Faculty/Dean Salary and
Benefits ($3,040,141)
1%
0%
0%
2%
2%
Staff Salary and Benefits
($270,189)
8%
Student Wages ($13,197)
Maintenance and
Operations ($63,274)
HEAF (includes carryover
$61,864)
Travel ($46,594)
87%
Other ($6,000)
Departments
Accounting/MIS
–
Travel: $9,154
–
Maintenance and Operations: $5,504
Dillard Business Admin
– Travel: $17,100
– Maintenance and Operations: $45,540
Economics/Finance/Legal Studies
–
Travel: $10,170
–
Maintenance and Operations: $6,115
Management/Marketing
–
Travel: $10,170
–
Maintenance and Operations: $6,115
Dillard Fund Distribution
2012-2013
Dillard AACSB
($37,803)
24%
Faculty Development
Bsns Adm ($30,000)
38%
19%
19%
Student Support/Test
Administration
($30,000)
Dillard Financial
Investment Lab
Operating ($60,000)
Salaries & Positions
• Faculty
• Staff
Faculty
28 Positions
• Instructors (2)
• Assistant Professors (9)
• Associate Professors (9)
• Full Professors (8)
• Vacancies
– Tax position filled
– Econ/Stats position
– Management position
Salaries
Faculty
Total Faculty Salaries
Fringe Benefits
$2,464,733*
566,408
Total
$3,031,141
*Chair Stipends Not Included
AACSB Salary Comparisons
$120,000
$110,000
Salaries
$100,000
$90,000
$80,000
$70,000
$60,000
$50,000
$40,000
DCOBA Faculty Members
FY 13 Salaries
AACSB Salaries Comparison-10th Percentile
AACSB Salary Comparisons
$120,000
$110,000
Salaries
$100,000
$90,000
$80,000
$70,000
$60,000
$50,000
DCOBA Faculty Members
FY 13 Salaries
AACSB Salaries Comparison-25th Percentile
Salaries by Rank - ACCT
Rank
FY 13 Salaries
AACSB Salaries
Comparison – 25th
Percentile
Full
$96,518
$107,800
Associate
$99,988 – $102,460
$102,000
Assistant
$75,000
$105,800
Instructor
$77,552
$54,100
Salaries by Rank - ECON
Rank
FY 13 Salaries
AACSB Salaries
Comparison – 25th
Percentile
Full
$86,004-$90,820
$93,000
Full (Ethics)
$85,066
$112,500
Assistant
$65,288-$68,020
$75,000
Salaries by Rank - FINC
Rank
FY 13 Salaries
AACSB Salaries
Comparison – 25th
Percentile
Full
$100,876
$113,000
Associate
$92,144-$93,138
$104,100
Salaries by Rank - LSBA
Rank
FY 13 Salaries
AACSB Salaries
Comparison – 25th
Percentile
Full
$83,480
$93,300
Salaries by Rank - MGMT
Rank
FY 13 Salaries
AACSB Salaries
Comparison – 25th
Percentile
Full
$94,620
$105,800
Associate
$82,194
$98,020
Assistant
$70,000-$90,250
$95,980
Salaries by Rank - MIS
Rank
FY 13 Salaries
AACSB Salaries
Comparison – 25th
Percentile
Associate
$86,214
$97,000
Assistant
$80,000-$81,126
$89,000
Instructor
$58,333
$50,900
Salaries by Rank - MKTG
Rank
FY 13 Salaries
AACSB Salaries
Comparison – 25th
Percentile
Full
$110,000
$106,000
Associate
$84,560-$89,450
$97,700
Proposed Dillard Fund
Distribution 2013-2014
Dillard AACSB ($38,000)
7%
Faculty Development
Bsns Adm ($32,000)
18%
17%
Student Support/Test
Administration ($33,000)
15%
29%
15%
Dillard Financial
Investment Lab
Operating ($62,000)
Salary and Benefit
Adjustment ($37,000)
Internationalize DCOBA
($15,000)
Faculty Salaries
What salaries should we expect for future hires?
• New Doctorates at 25th Percentile 2012-2013 AACSB Survey
– Accounting $115,000 (Assistant Professor)
• Current highest faculty salary - $102,460 (Associate Professor)
– Finance $93,800 (Assistant Professor)
• Per AACSB numbers, to hire an Assistant Professor from another
school at 25th percentile - $115,200
• Current highest faculty salary - $100,876 (Full Professor)
Faculty Salaries
What salaries should we expect for future hires?
• New Doctorates at 25th Percentile 2012-2013 AACSB Survey
– Management Information Systems $94,300 (Assistant Professor)
• Current highest faculty salary - $86,214 (Associate Professor)
– Marketing $98,000 (Assistant Professor)
• Current highest faculty salary - $110,000 (Distinguished Professor)
• Next highest faculty salary - $89,450 (Associate Professor)
Salaries
Staff
Total Admin Salaries
Fringe Benefits
Longevity
$185,997
80,752
3,440
Total
$270,189
Staff – March 2012
9 Positions
• 1-Marketing Coordinator (1 vacancy)
• 1-Assistant to the Dean
• 1-Administrative Assistant (1 vacancy)
• 4-Secretary II (2 vacancies)
• 2-Academic Advisors
Staff Needs
9 Positions
• 1-Marketing Coordinator (1 vacancy)
• 1-Assistant to the Dean
• 1-Administrative Assistant
• 4-Secretary II
• 2-Academic Advisors
• 1-Accreditation Coordinator (Part-time Faculty Position)
Dillard College Centers
Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise
– Director: Dr. Jeff Stambaugh
The Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise is the
principal focus in the Dillard College of Business Administration for the study,
promotion, and cultivation of entrepreneurial and innovative activities in our
region.
– IdeaWF and IdeaMSU
– Angel Investors
The Center promotes the co-curricular activities of Dillard College students interested
in entrepreneurial careers, assists faculty in the development of curriculum and
promotes research in the area of entrepreneurship and innovation in the
College. The Center is also being positioned to serve as a focal point for
entrepreneurial activities in the greater Wichita Falls and North Texas region.
Dillard College Centers
Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise
Maintenance and Operations
$11,748
Total Munir Abdul Lalani Center for Entrepreneurship and Free
Enterprise
$11,748
Dillard College Centers
Bureau of Business and Government Research
– Director: Dr. John Martinez
The Bureau of Business and Government Research (BBGR) is an integral part of
the Dillard College of Business Administration and Midwestern State
University. The mission of the BBGR is:
– to provide assistance in research conducted by the faculty and students in
the University;
– to conduct and encourage research related to economic development and the
local community;
– to promote partnerships in the business and local community to pursue
contemporary economic, business, and government issues.
The Bureau of Business and Government Research at Midwestern State University
is a member of the nationwide Association for University and Economic
Research. The BBGR publishes a quarterly Wichita Falls Regional Economic
Outlook Report and the Midwestern Business Economic Review twice yearly.
Dillard College Centers
Bureau of Business and Government Research
Travel
$1,710
Maintenance and Operations
11,765
Utilities
Total Bureau Bus and Gov Research
240
$13,715
Fund Raising Efforts
• Wichita Falls Regional Economic Outlook Report
• IdeaWF
Wichita Falls Regional
Economic Outlook Report
• Revenue
– Sell Advertisements ($800 - $2,500)
• Total Advertisement Revenue in FY 13 - $5,200
– Sell Economic Report and Statistics: $500 Monthly
• Expenses (FY 12)
– Supplies
– Postage
– Bindery/Collating
– Mailing List/Data Set
– Total
$2,050.00
$5,000.00
$350.00
$825.00
$8,225.00*
* Total does not include copier expenses or labor expenses.
IdeaWF
Sponsors
In-Kind Prize Providers
Crane/West
Design Works
Freemon, Shapard & Story
GII Graphics
Gison, Davenport & Anderson
Hoegger Communications
John M. Lane
MWH Group, PC
Sherrill, Crosnoe & Goff
VentureHRO
Webfire Communications
Investors
American National Bank
Alliance Power
Charles Prothro Financial
Cobra Oil
Donnell Foundation
Dewayne Travelstead
Eagle Oil & Gas
F.G. Haggerty
Fidelity Bank
First Bank
First National Bank of Wichita Falls
Welch, Sanders & Associates, LLP Four Stars Auto Ranch
www.ideawf.com
Investors (Continued)
Gunn Oil
Industrial Outsourcing
James lane Heating and Air Conditioning
Lalani Lodging
Lyne Energy Partners
Patterson Auto Group
Sharp Iron Group
Times Record News
Transport Logistics
Western Supplies
WPT Power Transmissions
Sponsors
Hupp, Bauer, Hanson & Lewis
McDonalds of Wichita Falls
Nissan of Wichita Falls
Dillard College Centers
Mamie Raborn Center for Economic Education
– Director: Dr. James Owen
The Mamie Raborn Center for Economic Education was established in 1982 to
increase the economic understanding of the university community and the
citizens of the North Texas area. The Center provides economic education
materials, disperses information concerning economic issues, and serves as a
point of contact for members of the media and community having questions
about economic issues.
Dillard College Centers
Mamie Raborn Center for Economic Education
Maintenance and Operations
$4,900
Total Mamie Raborn Center for Economic Education
$4,900
Dillard College Centers
Center for Management and Leadership Development
– Currently inactive
Maintenance and Operations
$855
Total Management and Leadership Development
$855
Dillard College Centers
Small Business Development Center
– Director: Vanda Wright
The Wichita Falls Small Business Development Center is located on the campus of
Midwestern State University. The SBDC provides business counseling,
technical assistance, training workshops, and business plan development for
small businesses in our 13 county area. We strive to promote growth, expansion,
innovation, increased productivity and improved management for small
business.
Dillard College Centers
Small Business Development Center
Total Admin Salaries
Student Wages
Non-Student Wages
Fringe Benefits
Maintenance and Operations
Utilities
Longevity
$166,997
4,882
12,665
54,065
21,259
700
6,200
Total Small Business Development Center
$266,768
Cost Efficiency Efforts
• No Marketing Coordinator
• AQ/PQ Standards and Mix of Faculty
– Wise use of “other faculty” for university core and other classes as numbers
permit
– Wise and increased use of PQ faculty
• Developing a Website for Economic Outlook Report
– Big time saver for staff and better product
• Energy Efficiency
Cost Efficiency Efforts
• Internationalization of College
• Maximize Class Sizes
– Offer fewer sections
– Carefully look at electives
– Carefully look at course sequencing
• Streamlined Assessment Process
• Two Year Course Plan
– Better course sequencing increases class sizes and helps students plan
Improvement Ideas
• Advising Department working with North Central Texas College (NCTC) &
Vernon College
• MBA Program
– Current Status
Status of MBA Program
90
80
MBA Enrollment
70
80
72
64
60
50
49
40
30
20
10
0
Fall 2009
Fall 2010
Total
Domestic
Fall 2011
Fall 2012
International
* As of March 2013, MBA total enrollment is approximately 42
* 11 of these 42 students should graduate by August 2013
* We anticipate additional applications before Fall as it is still early
Improvement Ideas
• MBA Program
– Proposed Changes
• Increase Admission Standards
• Provide Increased Flexibility in Course Delivery Formats
– Traditional, Online, & Hybrid Offerings
• Reduce Common Body of Knowledge Leveling Requirements
Dillard College Needs
• MBA Concentrations
– Marketable & Demand, Accounting and Other Specialties
• Salary Adjustments
• Staff Support
• Technology Support
Technology Support
• Classroom Utilization
• Technology Replacement Costs
• Technology Upkeep Costs
Classroom Utilization
Classroom Users
Fall 2012
Spring 2013
DCOBA Classes
89
85
Non-DCOBA Classes
95
72
Other*
8
0
*Only includes full semester use. Classrooms are used regularly for
events—especially DB 101, DB 189, and the Priddy Conference Room.
Technology Replacement Costs
• Computers
$1,330 each PC Dual Screen Display
$ 795 each PC Only
• Laptop
$640
• Projectors
$2,400 each (Projector Plus Mount)
• Projector DB 101
$11,000
Estimates Provided by: Information Technology Department
Technology Replacement Costs
• Touch Screens
$575 each plus shipping (23)*
*Touch Screens Needed for 23 Classrooms
• UPSs
$130 each
Estimates Provided by: Information Technology Department
Technology Upkeep Costs
Lamps for Projectors
For All Eiki/Sanyo PLC-XU48 Projectors
POA-LMP55 (Old Ones, Most Common)
PT-FX400U
For All Panasonic PT-FX 400 U Projectors
(New Ones, Changing To)
$128.56/each
$219.75/each
For Panasonic PT-DZ680K
ET-LAD60W (New One, Pending Installation Into DB 101) $657.50/pair (Requires 2)
Estimates Provided by: Information Technology Department
Technology Needs
Equipment
Quantity
Price
Total
Computers
(Dual Screen)
4
$1,330
$5,320
Computers
(PC Only)
2
$795
$1,590
Projectors
10
$2,400
$24,000
Projector DB
101
1
$11,000
$11,000
Touch Screens 23
$575
$13,225
Shipping
23
$100
$2,300
UPSs
23
$130
$2,990
Overall Total
$60,425
Technology Funds
• Revenue
– HEAF
• $61,864 (Includes Carry Over)
• $46,112 (Remaining Balance)
– Provost Office Allotted Funds
• $19,000
• Expenses
– $60,425
• Remaining Funds – FY 13
– $4,687
Technology Plan
• Master Plan
• Rotating Replacement Schedule with IT

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