Bruce Bukiet: Baseball fits neatly into a concept of probability theory known as a Markov Process “According to a statistical model that Bukiet has been refining for more than a decade, the Phils will wind up in a three-way tie in the National League East, with the Mets and the Braves.” Philadelphia Inquirer, April 6, 2009. 2008 results: predicted only 1 of 6 divisional champions Yogi Berra: It's tough to make predictions, especially about the future. Is random guessing more accurate than statistical predictions? Strategic Plan •Vision: A preeminent technological research university known for innovation, entrepreneurship, and engagement •Priorities ¾Quality of life ¾Private funding ¾Research funding/intellectual property management ¾Developing nationally known programs ¾Student recruitment ¾Quality of life 9Facilities upgrades 9Campus Center 9Landscaping 9Alumni Center 9Athletic program 9Central High →Campus Gateway Plan →Campus Master Plan ¾Private funding 9Honors Campaign completed-goal exceeded 9Athletics Campaign goal met 9Dollars raised increased 40% since FY04 →Comprehensive Campaign efforts begun ¾Research funding/intellectual property 9Reestablished the Office of Technology Development •Invention disclosures tripled (30 to 90) FY03 to FY08 •Patent applications doubled in past 4 years to 250 pending •License revenue averaging about $400,000 past four years compared to $16,000 in 2003 ¾Research funding/intellectual property 9Research expenditures •FY07 external expenditures topped $45 million •FY08 total expenditures approached $90 million →Big Bear Solar Observatory Completing construction of World’s largest ground-based solar optical telescope →NSF ERC for Structured Organic composites a visible link to the pharmaceutical industry ¾Developing nationally known programs 9Rebranding/ marketing program ¾Developing nationally known programs 9Mathematics nationally recognized for fluid dynamics/mathematical biology •Ranked 10th in US by Academic Analytics 9A US News and World Report Top Tier National Research University 9Named among the top 50 public undergraduate institutions for value by the Princeton Review ¾Student recruitment 9Honors College enrollment increased from 500 to 600 9UG Hispanic and African-American enrollment 30% of freshmen 9Freshmen retention rate over 80% (95% for Honors; 84% for EOP) 9First-time freshmen over 900 fall 08 9Fall 09 enrollment projected over 9,000 New Programs ¾About 30 over 3 years (16 in fall 08) • Architecture: programs to transform the School to a College of Architecture & Design •Engineering: MS programs related to Bio and Pharma •Management: programs in international business and at the interface of business and computing •Computing Sciences: interface programs with Management, security, software engineering •Science and Liberal Arts: programs related to Bio, mathematical finance, pre-law College of Architecture & Design School of Architecture School of Architecture BS/BArch Architecture BS Industrial Design MS/MArch Architecture M Infrastructure Planning PhD Urban Systems Transform BS/BArch Architecture MS/MArch Architecture M Infrastructure Planning PhD Urban Systems BS Landscape Architecture School of Art & Design BS Industrial Design BA Interior Design BA Digital Design BA Graphic Design BFA Art ¾NJIT Campus Gateway Plan NJIT Campus Gateway Plan Objectives • Develop a “college town” neighborhood with amenities for students, faculty, staff, community • • • Ensure a development effort that enhances NJIT and the community Grow the Greek community to levels above 1990 on a normalized basis Ensure viability of the Greek community Greek Mem bership 30 Members/Greek org 25 20 1990 30 2006 18 15 Members/Org 10 5 0 1990 2006 Year • Enhance the physical/social/recreational environment of the Greek community Master Plan MLK Gateway Greek Village St. Michael’s University Park MLK Pedestrian “thread” Broad Street Station District Redevelopment Plan NJIT State Shortfall Major issues 20.0% 15.0% ¾Shortfalls in state funding ¾Rising tuition 10.0% 5.0% 0.0% 2002 2003 2004 2005 2006 2007 2008 2009 Tuition & Fee Increases 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2002 2003 2004 2005 2006 2007 2008 NJIT Tuition & Fee Increases 12.0% 10.0% 8.0% Tuition & Fee Increases 6.0% CPI 4.0% 2.0% NJIT Tuition & Fees $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 20 08 20 06 20 04 20 02 20 00 19 98 19 96 $0 19 94 20 07 20 05 20 03 20 01 19 99 19 97 19 95 0.0% NJIT Percent of Educational Costs FY94-FY08 70% 65% 60% 55% 50% 45% 40% 35% 30% FY94 FY96 State Percentage FY98 FY00 Student Percentage FY02 FY04 FY06 FY08