Can you make money and save the planet - Carlson School of ...

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Dean Davis-Blake traveled
to China to meet with her
colleagues at the Lingnan
(University) College, Sun
Yat-sen University, home to
one of the Carlson School’s
four Global Executive MBA
programs.
The Carlson School launched,
“Nowhere But Here,” a new
advertising and marketing
campaign to showcase
the uniqueness of this
top-ranked business school.
The campaign highlights
the unique experience
that students have at the
Carlson School.
Rah rah rah, ski-u-mah! Alumni gathered on
November 2 and 3 for a Carlson School reunion.
On Friday afternoon, alums filled seminars on such
business topics as the logic of strategy, navigating
social networks, and health care reform. That
evening, they relived their memories and made
new connections at dinner and a reception. And on
Saturday they attended the Homecoming Parade
and watched the Gophers play in the Homecoming
Game.
Steve Leuthold, of the Leuthold Group, spoke at
First Tuesday.
Dean Alison Davis-Blake visited New York City
as part of her ongoing engagement with alumni
across the country.
Carlson School MBA candidates were finalists in
a national NetImpact competition. Ben Schein,
Jennifer Frenzel, Megan Dunbar, and Adrienne
Peirce worked to answer a question about how
Enjuba, a company that works to empower
Ugandan artisans by selling clothing made in
Uganda and support youth through education.
NetImpact challenged the students to plan how
Enjuba should market its products and scale up
its model for social and economic growth.
Carlson School Sources of Sources revenue of Revenue and Expenditures 2006-2007
Endowment
earnings
11%
State
funding
17%
Consulting
3%
Gifts and
grants
2%
$81,700 million
sources of revenue
Tuition, fees,
and executive
education
67%
■ Tuition, fees, and 54.9 M
executive education
■ Endowment 8.9 M
earnings
■ State funding 13.7 M
■ Consulting 2.4 M
■ Gifts and grants 1.8 M
University
assessments
20%
Operating
expense
17%
Scholarships
8%
$82,000 million
Research
salaries and
expense
4%
Fiscal year 2007 (July 1, 2006 – June 30, 2007) saw moderate tuition increases which led to additional revenue.
In fiscal year 2008 the University begins a new budget model and funding structure that allows collegiate units to keep
more revenue than in the past. Direct charges for central services (e.g., libraries, technology) will be partially offset by
an increase in state funding.
48 University of Minnesota
expenditures
Personnel
51%
■ Personnel 42.0 M
■ Operating 13.8 M
expense
■ Scholarships 6.9 M
■ University 16.1 M
assessments
■ Research salaries 3.2 M
and expenses
James J. Heckman, professor of
economics at the University of
Chicago, spoke at the George Seltzer
Distinguished Memorial Lecture.
Heckman received the Nobel
Memorial Prize in Economic Sciences,
the Jacob Mincer Award for Lifetime
Achievement in Labor Economics,
the Dennis Aigner Award for Applied
Econometrics from the Journal of
Econometrics, and the Ulysses Medal
from the University College Dublin.
The lecture series honors the memory
of the late professor emeritus George
Seltzer, who began his service to the
University of Minnesota in 1954. In
addition to his research and teaching
responsibilities with the Industrial
Relations Center, he served as the
Center’s acting director and also held
posts as director of the Bureau of
Business and Economic Research and
associate dean for academic affairs at
the Carlson School.