Alumni Giving Rate Down At Booth

Source: Chicago Booth 2011-2012 annual report

The biggest increases occurred in the school’s endowment, which was valued at $580 million last year, up from $550 in 2010-2011 and just $389 million in 2008-20009. Source: Chicago Booth 2011-2012 annual report.

The improvements led a fairly upbeat assessment by Dean Kumar. “Chicago Booth had a successful year on many dimensions,” wrote Kumar. “We recorded solid financial performance, hired 10 new faculty members, expanding modestly by four; admitted a stronger cohort of students; and saw the interests of our graduating class grow more diverse.”

BOOTH ALSO EVALUATING HOW IT CAN USE ITS EMBA PROGRAMS TO HAVE A BIGGER GLOBAL FOOTPRINT

Kumar also reported on the recommendations of another committee he created to evaluate the school’s efforts in globalization. Based on those recommendations, Kumar said the school is evaluating its Executive MBA programs on several fronts. “We are looking at ways to strengthen ties in Latin America with our EMBA programs; we are assessing the ability of our EMBA program in Asia to serve a geographically diverse student body; we are better integrating the MBA program with out other degree programs, and we’re evaluating the EMBA curriculum.” That evaluation has already yielded recently announced changes (see “Chicago Overhauls Its Highly Ranked EMBA Program.”)

Yet, Kumar was clear that he did not want to impose more work on the faculty to become more global. “We should not overextend our most important and scarce resource—namely, our faculty—or dilute the impact of our research and educational efforts by simply expanding what we do across the glove,” he said.

DON’T MISS: NEW CHICAGO DEAN PURSUES GLOBALIZATION AND STRONGER ALUMNI NETWORK or TUCK SETS NEW B-SCHOOL RECORD FOR ALUMNI PARTICIPATION