From UCOP:*
UC president approves UCLA Anderson's proposal for self-supporting M.B.A. program
By Ricardo Vazquez,
June 26, 2013
University of California President Mark G. Yudof has approved
a proposal by the UCLA Anderson School of Management to convert its
full-time, state-supported M.B.A. program to self-supporting status.
Yudof's decision — outlined in a June 24 letter**
— applies to the financing of the school's flagship M.B.A. program,
where the full costs will now be covered solely by student tuition
rather than a combination of state funds and student tuition and fees.
In other respects, including issues related to academic content and
quality, the M.B.A. program remains integral to the campus and is
subject to the same policies and regulations that govern UCLA's
professional schools.
Yudof's approval comes after an extensive review process in which
both the faculty of UCLA Anderson and the Legislative Assembly of UCLA's
Academic Senate voted to support the proposal.
Yudof underscored that UCLA Anderson and all its programs will be
expected to retain the characteristics of a public research university
and to "operate as do all other academic units at UCLA."
"We are very grateful to President Yudof for his thoughtful
consideration and approval of the UCLA Anderson proposal," said UCLA
Chancellor Gene Block. "It recognizes our need to adjust to new state
funding realities while ensuring that the M.B.A. program preserves the
academic quality and access for needy students befitting a public
institution."
Among the conditions Yudof placed on the M.B.A. program's change in
status is a stipulation that the program continue to ensure that
student financial aid is offered for "financially needy students at a
level commensurate with other UC full-time State-supported M.B.A.
programs."
The conversion of UCLA Anderson's M.B.A. program to self-supporting
status benefits not just UCLA Anderson but the entire campus. It frees
up more than $8 million that will be used to support campus-wide
undergraduate programs hurt by major reductions in state support.
"The UC system has been hard hit by state budget cuts, and I'm
pleased that we've been able to offer an innovative solution that is a
win-win for both the university and for UCLA Anderson," said Judy Olian,
dean of UCLA Anderson. "This new financial model will provide students
with tuition predictability and enable the school to invest in program
innovations while redirecting state support to other needed priorities
at the university."
**http://www.newsroom.ucla.edu/portal/UCLA/document/Yudof_Letter_MBA_Program99.pdf
UPDATE: The LA Times version of the story is at:
http://www.latimes.com/local/lanow/la-me-ln-ucla-business-20130626,0,4422034.story
It includes the following:
...Anderson school officials have said that donors have promised multimillion-dollar donations if the self-supporting plan goes forward in the expectation that the MBA program will become more innovative once it becomes financially independent from state support...
UPDATE: The Business Week version notes that the systemwide Academic Senate attempted to table the plan: http://www.businessweek.com/articles/2013-06-26/ucla-wins-right-to-take-mba-program-private
...Yudof’s approval comes nine months after a UC Academic Senate panel suspended its review of the UCLA plan, saying the program failed to meet any of the four criteria required for a program to become self-supporting at UC...
UPDATE: The LA Times version of the story is at:
http://www.latimes.com/local/lanow/la-me-ln-ucla-business-20130626,0,4422034.story
It includes the following:
...Anderson school officials have said that donors have promised multimillion-dollar donations if the self-supporting plan goes forward in the expectation that the MBA program will become more innovative once it becomes financially independent from state support...
UPDATE: The Business Week version notes that the systemwide Academic Senate attempted to table the plan: http://www.businessweek.com/articles/2013-06-26/ucla-wins-right-to-take-mba-program-private
...Yudof’s approval comes nine months after a UC Academic Senate panel suspended its review of the UCLA plan, saying the program failed to meet any of the four criteria required for a program to become self-supporting at UC...
1 comment:
That’s an interesting piece of information. Does UCLA offer one-year MBAtoo? I couldn’t find any such information on their site.
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