Send me the 2011 DEAN'S REPORT
As we conclude another year of accomplishment, innovation and inspiration at the Warrington College of Business Administration, we also recognize an unwelcome trend that is affecting top-tier public business programs nationwide. With state assistance dwindling during these difficult economic times, business schools at public universities are reluctantly accepting a new reality.
That reality has arrived here at Warrington. Barring a dramatic economic turnaround, no longer can we as a College rely on state funds to finance a significant portion of our operation. In fact, the state support we receive is less than the total amount of tuition our students pay.
Other public business schools are facing similar circumstances. In California, where state budget woes are even more perilous than in Florida, universities such as UC Berkeley, UCLA and UC Davis are considering inventive strategies to not just maintain, but improve their situations.[1] At the University of Minnesota, the Carlson School of Management is exploring the prospect of operating unaided as state money now constitutes less than 4 percent of its operating budget.[2]
Utilizing ingenuity and resourcefulness, we will do the same. Among other measures, we will pave a new road to success by enhancing our offerings and creating more imaginative and inspired programs to attract the highest quality students. Most importantly, we will continue to welcome and rely on the allegiance and generosity of our devoted alumni and friends. Through these efforts, we will achieve our goals and remain among the elite public business schools.
Best wishes and thank you for your continued support,
Dr. John Kraft
Dean, Warrington College of Business Administration
University of Florida
[1] John A. Byrne, "The Privatization of California's B-schools" (poetsandquants.com, June 22, 2011)
[2] Jenna Ross (Tony Kennedy contributed), Two U of M schools consider switching to private-funding only (Minneapolis Star Tribune, July 4, 2011)
Warrington's Banner Year
Learn more about all of our exciting successes and accomplishments over the past year, and why Warrington is one of the nation's top public business schools.
