AY 2014-2015 ACADEMIC PROGRAM REVIEW SELF-STUDY TEMPLATE Reporting School/College: Tobin College of Business Program Reviewed: Business (Finance) MBA M Date Submitted to Department/Division Chair: Overview and Program Review Summary: Please summarize this program’s mission and its relationship to the vision and mission of St. John’s University, and the program’s School/College. Identify similar programs regionally and nationally and distinguish this program from them. In addition, summarize your findings as they relate to (1) program quality, (2) market growth potential, and (3) student learning. Also, summarize any significant changes, achievements (by faculty and students and the program itself), and plans for the future. Finally, based on the information gleaned from the data in the self-study, give an overall rating of the program’s Enrollment/Market Potential by categorizing it as one of the following: (1) Enhance; (2) Maintain; (3) Reduce support, Phase out, Consolidate, or Discontinue. (Suggested limit 1 page) STANDARD 1. The purpose of the program reflects and supports the strategic vision and mission of St. John’s University, and the program’s School/College. 1a. What evidence can you provide that demonstrates that the program embodies the Catholic, Vincentian, and metropolitan identity of St. John’s University? www.stjohns.edu/about/out-mission. (Suggested limit 1/3 page) 1b. What evidence can you provide that demonstrates that the program embodies the University’s vision. www.stjohns.edu/about/out-mission/vision-statement. (Suggested limit 1/3 page) 1c. What evidence can you provide that demonstrates that the program embodies the vision and mission of the program’s School/College? (Suggested limit 1/3 page) Standard 1. Additional comments if needed. (Suggested limit 1 page) STANDARD 2. The program attracts, retains, and graduates high quality students. 2a. Undergraduate SAT and High School Average Not Applicable 2b. Undergraduate 1st Year Retention Rate Not Applicable 2c. Undergraduate 6 Year Graduation Rate Not Applicable TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 1 2d. Graduate Standardized Test Scores Fall 2005 2006 2007 2008 2009 School/College Average Rate 508 511 507 522 545 Regional Comparison N/A N/A N/A N/A N/A National Comparison N/A N/A N/A N/A N/A Program Fall 2010 Business Administration Finance MBA M 516 Fall 2010 Peter J.Tobin Coll of Bus-Grad Fall 2011 Fall 2012 504 Fall 2013 548 Fall 2011 540 561 Fall 2012 563 Fall 2013 549 542 General test percentage distribution of scores within intended graduate major field that is based on the profile of GMAT candidates, 2011-12. GMAT® Degree Pursued Gender Master's in Business Administration (MBA) Men: Number Mean Total Score Women: Number Mean Total Score Total: Number Mean Total Score TCB_ECO_BUS(FIN)_MBA_M 2010-11 2011-12 86,926 94,833 555 50,694 516 560 56,554 523 137,620 151,387 541 546 Self-Study Template 2 2e. Please describe how the program compares with peer and aspirational institutions. (Suggested limit 1/2 page) 2f. If applicable, describe the program’s student performance over the past five years on licensure or professional certification exams relative to regional and national standards. (Suggested limit 1/4 page) 2g. Number of majors and minors enrolled over the past five years. See table below. Fall Number of Students 2005 2007 2008 2009 Majors 29 33 55 65 68 Minors 0 0 0 0 0 Total 29 33 55 65 68 BUS (FIN) 2h. 2006 Fall 2010 Fall 2011 Fall 2012 Fall 2013 Majors Majors Majors Majors MBA 51 44 46 46 Number of degrees granted during the past five years. See table below. Academic Year TCB-GR Degrees Granted 04/05 05/06 06/07 07/08 08/09 MBA 3 11 12 10 17 FINANCE MBA TCB_ECO_BUS(FIN)_MBA_M 10/11 11/12 12/13 Degrees Conferred Degrees Conferred Degrees Conferred 26 15 17 Self-Study Template 3 Below is comparison degrees conferred data for local and national institutions based on data retrieved from the IPEDS website. This is based on the Classification of Instructional Program (CIP) Code of 52-Business, Management, Marketing, and Related Support Services. 20092010 20102011 20112012 Master's Local 4,898 National 177,684 5,532 5,719 187,213 191,571 1 Local institution include: Adelphi University, Columbia University, CUNY Queens College, Fordham University, Hofstra University, Iona College, C.W. Post University, Manhattan College, New York University, Pace University, Seton Hall University, Stony Brook University, and Wagner College. Comments : Based on the data in 2g and 2h, how do these trends compare to institutional, regional and national patterns? (Suggested limit 1/2 page) 2i. What mechanisms are in place to monitor students’ progress toward degree? And, to what extent is there a collaborative effort to provide quality advising and support services to students? (Suggested limit 1/4 page) 2j. If available, provide information on the success of graduates in this program as it relates to employment or attending graduate school. (Suggested limit 1/4 page) TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 4 2k. Please comment on the students’ competencies in the program. Support your response using data provided below and any other data available. (Suggested limit 1/3 page) Standard 2. Additional comments if needed: (Suggested limit 1 page) STANDARD 3. The program engages in ongoing systematic planning that is aligned with the University and School/College planning, direction, and priorities. 3a. How does your program’s strategic goal/objectives link to your School/College plan and the University’s strategic plan? http://www.stjohns.edu/about/leadership/strategic-planning 3b. What is the evidence of monitoring the external and internal environments, specifically what are the strengths, weaknesses, opportunities and threats facing the program? How were they identified? What actions have been taken in response to these findings? What characteristics of the program suggest a competitive edge against other programs regionally and nationally? 3c. What is the current and future market demand for the program? Support your response using the data provided below or any other internal or external sources to justify your response. TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 5 Fastest growing occupations and occupations having the largest numerical increase in employment by level of education and training projected. Change, 2010-20 Fastest Growing Occupations Percent Numeric 32% 66,400 Financial Analysts 23% 54,200 Financial Managers 9% 46,300 Personal Financial Advisors Occupations having the largest numerical increase in employment Personal Financial Advisors Change, 2010-20 Percent Numeric 32% 66,400 Projected Changes in Related Occupations (2010 – 2020) Changes, 2010-20 Grow Much Faster Than Average - Increase 21% or More Percent Numeric Personal Financial Advisors 32% 66,400 Financial Analysts 23% 54,200 Changes, 2010-20 Grow About as Fast as Average - Increase 7 to 14.9% Financial Managers Percent Numeric 9% 46,300 *For more information please visit: http://www.bls.gov/news.release/ecopro.toc.htm Standard 3. Additional comments if needed: (Suggested limit 1 page) STANDARD 4. The program provides a high quality curriculum that emphasizes and assesses student learning and engagement. 4a. Please indicate how the program curriculum is in alignment with the following three items: (Suggested limit 1/2 page for each of the three categories below) 1. Standards within the discipline 2. Curriculum integrity, coherence, academic internships, teaching excellence, teaching vibrancy, and study abroad experiences. 3. The University Core competencies 4b. The syllabi for the courses within this program incorporate the suggested elements of a syllabus – an example of which can be found at the following St. John’s University Center for Teaching and Learning link. TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 6 4c. Describe the assessment model currently in place for the program and indicate the extent to which disciplinary and core knowledge, competence, and values are met, as well as findings and action plans for improvement. For reference, visit WeaveOnline – https://app.weaveonline.com//login.aspx; Digication – https://stjohns.digication.com (Suggested limit 1/3 page) http://stjohns.campusguides.com/content.php?pid=71651&sid=984766 (Suggested limit 1/2 page) 4d. What, if any, external validations, e.g. specialized accreditations, external awards, other validations of quality has the program received? (Suggested limit 1/3 page) Standard 4. Additional comments if needed. (Suggested limit 1 page) STANDARD 5. The program has the faculty resources required to meet its mission and goals. 5a. Below you will find the number of students enrolled as majors and minors in the program. Please complete the table by adding the number of full-time faculty assigned to the program. Then calculate the student to full-time faculty ratio. Fall 2005 Fall 2006 # Majors/ FT Faculty FT PT Total Majors 7 22 29 Minors FT 6 PT 27 0 Majors & Minors Combined 7 22 # of FTE Students (Majors & Minors) 7.00 7.33 Fall 2007 Total 33 FT 14 PT 41 0 Fall 2008 Total 55 FT 17 PT 48 0 Fall 2009 Total 65 FT 31 PT 37 0 Total 68 0 29 6 27 33 14 41 55 17 48 65 31 37 68 14.33 6.00 9.00 15.00 14.00 13.67 27.67 17.00 16.00 33.00 31.00 12.33 43.33 # of FTE Faculty assigned to the program .52 .48 .81 .86 1.10 FTE Student/ FTE Faculty Ratio 27.82 31.07 34.13 38.46 39.45 # of Total FTE Faculty in the Department 35.67 34.33 33.00 30.33 31.67 TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 7 Fall 2010 Fall 2011 Fall 2013 F P Total F P Total F P Total F P Total Majors Majors Majors Majors Majors Majors Majors Majors Majors Majors Majors Majors MAJORS 26 23 49 16 Fall 2010 Total Fall 2012 FTE MAJORS 27 43 22 Fall 2011 23 45 26 Fall 2012 20 46 Fall 2013 F P Total F P Total F P Total F P Total FTE FTE FTE FTE FTE FTE FTE FTE FTE FTE FTE FTE 26 7.667 33.667 16 9 25 22 7.667 29.667 26 6.667 32.667 Fall 2010 Fall 2011 Fall 2012 Fall 2013 # of FTE faculty assigned to the program FTE Student/FTE Faculty Ratio Important Notes: FTE Students = Number of FT Students + (number of PT Students/3) FTE Faculty = Number of FT Faculty + (number of PT Faculty/3) This methodology is used by SJU for all external reporting. TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 8 5b. Below you will find the credit hours the department has delivered by full-time faculty and part-time faculty (including administrators) and the total credit hours consumed by non-majors. Credit Hours Taught Fall 2005 # Fall 2006 Fall 2007 Fall 2008 Fall 2009 % # % # % # % # % 5760 66% 5985 68% 6042 64% 7170 78% 5949 75% PT Faculty 2985 34% 2826 32% 3351 36% 2049 22% 2028 25% Total 8745 100% 8811 100% 9393 100% 9219 100% 7977 100% FT Faculty % consumed by NonMajors 62% Credit Hrs Taught 66% Fall 2010 Number Fall 2011 Percent Number 59% 56% Fall 2012 Percent Number Fall 2013 Percent Number Percent F-T Faculty 5,409 75.7% 4,869 78.7% 4,200 70.3% 4,659 76.7% P-T Faculty (inc Admin) 1,740 24.3% 1,317 21.3% 1,776 29.7% 1,416 23.3% 0.0% Total 7,149 100% 0.0% 6,186 Fall 2010 % Consumed by Non-Majors 4,107 TCB_ECO_BUS(FIN)_MBA_M 57.4% 100% Fall 2011 3,591 0.0% 5,976 100% 0.0% 6,075 Fall 2012 58.1% 3,900 57% 65.3% 100% Fall 2013 3,582 59.0% Self-Study Template 9 5c. Below you will find the number of courses the department has delivered by full-time faculty and part-time faculty (including administrators). Courses Fall 2005 Taught # Fall 2006 % Fall 2007 Fall 2008 Fall 2009 # % # % # % # % 68 68% 72 69% 76 75% 69 71% FT Faculty 69 66% PT Faculty 36 34% 32 32% 33 31% 25 25% 28 29% Total 105 100% 100 100% 105 100% 101 100% 97 100% Courses Taught Fall 2010 Number Fall 2011 Percent Number Fall 2012 Percent Number Fall 2013 Percent Number Percent F-T Faculty 64 75.3% 71 77.2% 63 71.6% 71 78.0% P-T Faculty (inc Admin) 21 24.7% 21 22.8% 25 28.4% 20 22.0% Total 0.0% 85 TCB_ECO_BUS(FIN)_MBA_M 100% - 0.0% 92 100% - 0.0% 88 100% 0.0% 91 100% Self-Study Template 10 5d. What is the representative nature of faculty in terms of demographics, tenure and diversity? (See departmental information on next page). How well does this support the program? (Suggested limit 1/2 page) 2005 FT 2006 PT Total # % # % Male 23 82% 20 87% Female 5 18% 3 Total 28 100% Black 1 Hispanic FT 2007 PT Total # % # % 43 22 79% 16 84% 13% 8 6 21% 3 23 100% 51 28 100% 4% 0 0% 1 1 0 0% 2 9% 2 Asian 9 32% 7 30% White 18 64% 14 Unknown 0 0% Total 28 100% Tenured 23 Tenure-Track FT 2008 PT Total # % # % 38 22 81% 16 89% 16% 9 5 19% 2 19 100% 47 27 100% 4% 0 0% 1 0 0 0% 1 5% 1 16 9 32% 5 26% 61% 32 18 64% 11 0 0% 0 0 0% 23 100% 51 28 100% 82% 23 25 5 18% 5 Not Applicable 0 0% Total 28 100% FT 2009 PT Total # % # % 38 21 81% 11 85% 11% 7 5 19% 2 18 100% 45 26 100% 0% 0 0% 0 1 1 4% 2 11% 3 14 9 33% 4 22% 58% 29 17 63% 11 2 11% 2 0 0% 19 100% 47 27 100% 89% 25 24 3 11% 3 0 0 0% 28 28 100% FT PT Total # % # % 32 21 81% 15 88% 36 15% 7 5 19% 2 12% 7 13 100% 39 26 1000% 17 100% 43 4% 0 0% 1 1 4% 0 0% 1 0 0% 1 8% 1 0 0% 1 6% 1 13 9 35% 5 38% 14 9 35% 6 35% 14 61% 28 16 62% 6 46% 22 16 62% 9 53% 25 1 6% 1 0 0% 1 8% 1 0 0% 1 6% 1 18 100% 45 26 100% 13 100% 39 26 200% 17 100% 43 89% 24 23 88% 23 24 92% 24 3 11% 3 3 12% 3 2 8% 2 0 0 0% 0 0 0% 0 0 0% 0 28 27 100% 27 26 100% 26 26 100% 26 Gender Ethnicity Tenure Status TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 11 2010 FT 2011 PT Total # % # % Male 19 79% 9 82% Female 5 21% 2 18% Total 24 FT 2012 PT Total # % # % 28 18 78% 10 83% 7 5 22% 2 17% 35 23 9% 2 1 0% 0 9% 8 0% 0 73% 23 FT 2013 PT Total # % # % 28 19 79% 14 93% 7 5 21% 1 7% 35 24 FT PT Total # % # % 33 22 81% 9 90% 31 6 5 19% 1 10% 6 39 27 Gender 11 12 15 10 37 Ethnicity Black 1 Hispanic Asian 4% 1 0% 7 29% 1 7 4% 0% 1 0% 0% 0% 0 0% 17% 9 29% 0% 0 75% 23 30% 2 7 0% 0 0% 1 7% 1 0% 4 27% 11 33% 0% 0 60% 25 9 0% 0 1 10% 1 1 10% 10 0% 0 80% 25 0% 0 American Indian/Alaskan Native White 0% 15 63% 8 0% 14 61% 9 0% 16 67% 9 0% 17 63% 8 2 or More Races Native Hawaiian/Pacific Islander 1 Unknown Total 1 0% 24 1 11 9% 1 1 0% 35 23 96% 23 22 0% 0 4% 1 1 24 23 1 12 8% 1 1 0% 35 24 96% 22 22 0% 0 2 4% 1 1 15 7% 1 0% 39 27 10 37 92% 22 23 85% 23 8% 2 2 7% 2 0% 0 2 7% 2 24 27 Tenure Status Tenured 23 Tenure-Track Not Applicable 1 Total 24 TCB_ECO_BUS(FIN)_MBA_M 23 24 27 Self-Study Template 12 5e. What evidence exists that the program’s faculty have engaged in research and scholarship on teaching and/or learning in the program’s field of study? (Suggested limit 1/2 page) 5f. What initiatives have been taken in the past five years to promote faculty development in support of the program? (Suggested limit 1/2 page) 5g. The table below shows the amount of external funding received by the department. If available, please provide the dollar amount of externally funded research for full-time faculty supporting the program under review. (Program dollar amounts are available through departmental records.) Fiscal Year External Funding 04/05 05/06 06/07 07/08 08/09 $ Amount Program $ Amount Department 18,107 Fiscal Year External Funding 09/10 10/11 11/12 12/13 $ Amount Program $ Amount Department - 10,000 7,562 10,000 5h. Please comment on the table below that shows trends in overall course evaluation and instructional vibrancy for your program (if available), your college and the university. (Suggested limit ½ page) TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 13 Finance (Manhattan) Tobin College of Business Total Graduate Overall Evaluation (Spring) 2011 2012 2013 Instructional Vibrancy (Spring) 2011 2012 2013 3.71 3.95 3.94 4.07 4.37 4.25 4.09 4.24 4.25 4.36 4.49 4.50 4.14 4.16 4.30 4.37 4.39 4.52 Note: Institutional Vibrancy is the average of the first 14 questions on the course evaluation, with questions pertaining to course organization, communication, faculty-student interaction, and assignments/grading. All course evaluation questions range from 1 (Strongly Disagree) to 5 (Strongly Agree). 5i. What percentage of full time faculty assigned to this program have terminal degrees or industry certifications renewed within the past 2 years? Comment. (Suggested limit 1/3 page) Standard 5. Comments: Indicate to what extent the program has the faculty resources required to meet its mission and goals. Include references from 5a – 5i. (Suggested limit 1 page) Standard 5. Additional comments if needed. (Suggested limit 1 page) STANDARD 6. The program has adequate resources to meet its goals and objectives. And, it is cost-effective. 6a. Narrative/Supportive Technological Environment - Comment on classrooms and labs meeting industry-standards for quality and availability of hardware, software, and peripherals; library space, holdings and services; science laboratories, TV studios, art/computer graphic labs; etc. (Suggested limit 1 page) 6b. Narrative/ Supportive Physical Environment - Comment on level of faculty and student satisfaction with HVAC; faculty and student satisfaction with classroom lighting, crowdedness, and acoustics; flexible teaching environments, and faculty offices, etc.. (Suggested limit 1 page) 6c. To what extent has the University funded major capital projects, e.g., renovations, which are linked directly to the program during the past five years? (Bulleted list) TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 14 6d. If external data that describes the cost effectiveness of the program has been provided by your School/College Dean, please comment on the program’s cost-effectiveness. (Suggested limit 1 page) Standard 6. Additional comments if needed. (Suggested limit 1 page) STANDARD 7. Effective actions have been taken based on the findings of the last program review and plans have been initiated for the future. Comments: (Suggested limit 1page) TCB_ECO_BUS(FIN)_MBA_M Self-Study Template 15