AY 2014-2015 ACADEMIC PROGRAM REVIEW SELF-STUDY TEMPLATE Reporting School/College: Tobin College of Business Program Reviewed: Business (Financial Management of Risk) 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 Applicable2d. Graduate Standardized Test Scores TCB_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 1 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 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 2010-11 2011-12 86,926 94,833 555 560 50,694 56,554 516 523 137,620 151,387 541 546 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) TCB_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 2 2g. Number of majors and minors enrolled over the past five years. See table below. Fall Number of Students TCB-GR 2006 2007 2008 2009 Majors 0 0 3 4 3 Minors 0 0 0 0 0 Total 0 0 3 4 3 BUS (FINR) 2h. 2005 Fall 2010 Fall 2011 Fall 2012 Majors Majors Majors MBA 2 1 1 Number of degrees granted during the past five years. See table below. Academic Year Degrees Granted 04/05 05/06 06/07 07/08 08/09 MBA - - - 0 2 FINANCIAL MGT OF RISK MBA 11/12 12/13 Degrees Conferred Degrees Conferred 1 1 *Note: There were no students who graduated between 10/11 academic years. TCB_SRM_BUS_(FIN.MGMT)_MBA_M 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) 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) N/A 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? TCB_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 4 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. Fastest growing occupations and occupations having the largest numerical increase in employment by level of education and training projected. Fastest Growing Occupations Change, 2010-20 Percent Numeric Financial Analysts 23% 54,200 Accountant and Auditors 16% 190,700 Financial Managers 9% 46,300 Occupations having the Change, 2010-20 largest numerical Percent Numeric increase in employment Accountant and Auditors 16% 190,700 Projected Changes in Related Occupations (2010 – 2020) Changes, 2010-20 Grow Much Faster Than Average - Increase 21% or More % Financial Analysts Percent Numeric 23% 54,200 Changes, 2010-20 Grow faster than average - Increase 15 to 20.9% Accountant and Auditors Percent Numeric 16% 190,700 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 TCB_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 5 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. (Suggested limit 1/3 page) http://stjohns.campusguides.com/content.php?pid=71651&sid=984766 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 1/2 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 # Majors/ FT Faculty FT PT Fall 2006 Total FT PT Fall 2007 Total FT Majors 0 0 Minors 0 0 Majors & Minors Combined 0 0 # of FTE Students (Majors & Minors) 0.00 0.00 PT 2 1 Fall 2008 Total 3 FT PT 1 Fall 2009 Total 3 0 4 FT PT 0 3 0 0 0 0 0 2 1 3 1 0.00 0.00 0.00 0.00 2.00 0.33 2.33 1.00 3 1.00 Total 3 0 4 0 3 3 2.00 0.00 1.00 1.00 # of FTE Faculty assigned to the program 0.00 0.00 0.07 0.08 0.07 FTE Student/ FTE Faculty Ratio 0.00 0.00 35.02 24.04 15.06 # of Total FTE Faculty in the Department 6 7 7 7 7.33 TCB_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 6 Fall 2010 Fall 2011 P Total P Total P Total Majors Majors Majors Majors Majors Majors MAJORS 2 2 1 Fall 2010 Total Fall 2012 FTE MAJORS 1 1 Fall 2011 1 Fall 2012 P Total P Total P Total FTE FTE FTE FTE FTE FTE 0.667 0.667 0.333 0.333 0.333 0.333 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_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 7 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 Fall 2005 Taught # 792 Fall 2006 Fall 2007 Fall 2008 Fall 2009 % # % # % # % # % 100% 1080 100% 1104 98% 1203 100% 933 94% 0% 0 0% 18 2% 0 0% 57 6% 100% 1080 100% 1122 100% 1203 100% 990 100% FT Faculty PT Faculty 0 Total 792 % consumed by NonMajors 48% Credit Hrs Taught 32% Fall 2010 17% Fall 2011 Fall 2012 Percent Number Percent Number Percent F-T Faculty 1,341 100.0% 1,230 100.0% 1,374 100.0% P-T Faculty (inc Admin) - - 0.0% 0.0% Total 1,341 100% Fall 2010 % Consumed by Non-Majors 213 15.9% TCB_SRM_BUS_(FIN.MGMT)_MBA_M - 0.0% 0.0% 1,230 100% Fall 2011 228 18.5% Number 1,239 Percent 100.0% - 0.0% 0.0% 1,374 100% Fall 2012 412 30.0% 17% Fall 2013 Number 0.0% 18% 0.0% 1,239 100% Fall 2013 426 34.4% Self-Study Template 8 5c. Below you will find the number of courses the department has delivered by full-time faculty and part-time faculty (including administrators). Courses Taught Fall 2005 # Fall 2006 % # Fall 2007 % # Fall 2008 % 100% # 100% % # % 100% 13 93% FT Faculty 14 100% 15 PT Faculty 0 0% 0 0% 0 0% 0 0% 1 7% Total 14 100% 15 100% 17 100% 14 100% 14 100% Courses Taught F-T Faculty P-T Faculty (inc Admin) 17 Fall 2009 Fall 2010 Fall 2011 Fall 2012 Fall 2013 Number Percent Number Percent Number Percent Number Percent 15 100.0% 19 100.0% 19 100.0% 17 100.0% - 0.0% - 0.0% - 0.0% - 0.0% 0.0% Total 14 15 TCB_SRM_BUS_(FIN.MGMT)_MBA_M 100% 0.0% 19 100% 0.0% 19 100% 0.0% 17 100% Self-Study Template 9 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 # % Gender Male Female Total 6 0 6 100% 0% 100% Ethnicity Black Hispanic Asian White Unknown Total 1 0 3 2 0 6 Tenure Status Tenured Tenure-Track Not Applicable Total 3 2 1 6 # PT % 2006 Total FT # % 6 0 6 7 0 7 100% 0% 100% 17% 0% 50% 33% 0% 100% 1 0 3 2 0 6 1 0 2 4 0 7 50% 33% 17% 100% 3 2 1 6 4 1 2 7 TCB_SRM_BUS_(FIN.MGMT)_MBA_M # PT % 2007 Total FT # % 7 0 7 7 0 7 100% 0% 100% 14% 0% 29% 57% 0% 100% 1 0 2 4 0 7 1 0 3 3 0 7 57% 14% 29% 100% 4 1 2 7 4 1 2 7 # PT % 2008 Total FT # % # PT % 7 0 7 7 0 7 100% 0% 100% 1 0 1 100% 0% 100% 8 0 8 14% 0% 43% 43% 0% 100% 1 0 3 3 0 7 1 0 3 3 0 7 14% 0% 43% 43% 0% 100% 0 0 0 1 0 1 0% 0% 0% 100% 0% 100% 1 0 3 4 0 8 57% 14% 29% 100% 4 1 2 7 4 1 2 7 57% 14% 29% 100% # % 7 0 7 7 0 7 100% 0% 100% 14% 0% 43% 43% 0% 100% 1 0 3 3 0 7 1 0 3 3 0 7 57% 14% 29% 100% 4 1 2 7 4 1 2 7 # PT % 2009 Total FT Total 4 1 2 7 Self-Study Template 10 2010 FT 2011 PT # % 7 100% # Total % FT PT # % 7 7 88% 0 1 13% 7 8 14% 1 1 0% 0 43% 3 0% 0 43% 3 0% 0 # 2012 Total % FT PT # % 7 8 89% 1 1 11% 8 9 13% 1 1 0% 0 38% 3 0% 0 50% 4 0% 0 # 2013 Total % FT PT # % 9 90% 1 1 10% 9 10 11% 1 1 0% 0 33% 3 0% 0 56% 5 0% 0 # Total % Gender Male Female Total 0% 7 0 0 8 0 9 1 0 10 Ethnicity Black 1 Hispanic Asian American Indian/Alaskan Native 3 White 3 3 4 3 5 3 6 10% 1 0% 0 30% 3 0% 0 60% 6 0% 0 2 or More Races Native Hawaiian/Pacific Islander Unknown Total 7 0 7 8 0 8 9 0 9 10 0 10 Tenure Status Tenured 4 57% 4 5 63% 5 5 56% 5 6 60% 6 Tenure-Track 1 14% 1 1 13% 1 2 22% 2 2 20% 2 Not Applicable 2 29% 2 2 25% 2 2 22% 2 2 20% 2 Total 7 7 8 8 9 9 10 TCB_SRM_BUS_(FIN.MGMT)_MBA_M 10 Self-Study Template 11 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 $ Amount Funding 04/05 05/06 06/07 07/08 08/09 Program $ Amount Department Fiscal Year External Funding 09/10 10/11 11/12 12/13 - 6,000 $ Amount Program $ Amount Department - - TCB_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 12 5h. Please comment on the table below that shows trends in overall curse evaluation and instructional vibrancy for your program (if available, your college and the university. (Suggested limit ½ page) Business (Financial Mngt of Risk) (M) Tobin College of Business Total Graduate Overall Evaluation (Spring) 2011 2012 2013 Instructional Vibrancy (Spring) 2011 2012 2013 4.09 4.04 4.29 4.27 4.46 4.46 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) TCB_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 13 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) 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_SRM_BUS_(FIN.MGMT)_MBA_M Self-Study Template 14