College of Business

State of the CollegeEPC

January 28, 2019

• AACSB accredited – reaffirmation 2017• Full Time Faculty: 22*

• Part-time 10• Fall 2018 Enrollment:

• 670 Undergraduate Majors • 115 Minors • 20 Graduate students

*ERIP resulted in the reduction of 8 faculty lines

(25% of COB faculty) 4 replaced, 2 reassigned

The NMU Business Innovation Center will serve as the epicenter for business creation, business education, and student business experience for the Upper Peninsula.

College of Business –

College of Business Staff by Discipline

• Accounting• 1 Professor• 3 Assistant Professors• 1 Instructor

• CIS/IS• 1 Professor• 3 Assistant Professors

• Finance & Risk Management• 2 Professors• 1 Associate Professor

• Management• 3 Professors• 3 Associate Professors• 1 Assistant Professor

• Marketing• 1 Professor• 2 Assistant Professor

College of Business Programs

• Master of Business Administration

• BS – Accounting (120 hour)• Accounting/Corporate Finance

(150 hour)• Accounting/Information Systems

(150 hour)• BS- Entrepreneurship• BS- Finance & Risk Management

• BS- Information Assurance/CyberDefense

• BS- Information Systems• BS- Management• BS- Marketing• BS- Ski Area Business

Management• BAS –Applied Management

• AD- General Business• AD- Insurance

College of Business Programs

• Minors (Accounting, Business Admin, Entrepreneurship, Finance, Information Assurance/CyberDefense, Information Systems, Management, Marketing)

• 20 credits• Service Activities

• Clinical Health Sciences(Clinical Lab Sciences, Radiography, Surgical Tech), Construction Management, Criminal Justice, Loss Prevention Management, Public Relations, Medicinal Plant Chemistry, Hospitality and Tourism Management, Management of Health and Fitness, Public Administration minor, Alternative Energies minor, Building Technology-Associate of Applied Sciences, Outdoor Recreation Leadership & Management Major

• GEC (MGT 121 Introduction to Business) (Perspectives on Society) proposal for CIS 110 (2019)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018MASTER DEGREE PROGRAM:BUSI Business Administration (MBA) 0 20 33 27 27 26 20 21 21 21

BACHELOR DEGREE PROGRAMS:ACCT Accounting 110 123 116 121 130 132 136 127 101 90ACIS Accounting/Information 9 9 10 8 7 7 10 9 7 9ACOR Accounting/Corporate/Finance 21 26 24 22 33 29 30 24 32 40AFIN Accounting/Financial Planning 21 12 15 12 0 0 0 0 0 0

161 170 165 163 170 168 176 160 140 139

BCIS Information Systems 58 49 46 49 42 32 21 28 24 21CIS Information Systems 17 22 16 20 15 16 14 3 6 6CYBR Info. Assurance/Cyber Defense 0 0 0 0 0 7 23 32 39 34

75 71 62 69 57 55 58 63 69 61

FINA Finance 62 40 15 5 0 0 0 0 0 0FINP Personal Financial Planning 8 6 2 0 0 0 0 0 0 0FINR Finance & Risk Management 0 32 57 67 56 64 73 73 69 56

70 78 74 72 56 64 73 73 69 56

MGMT Management 134 141 162 139 136 147 168 161 127 115

ENTR Entrepreneurship 73 59 64 60 61 49 54 55 49 40SKIB Ski Area Business Management 9 14 7 12 7 4 9 9 7 3

216 214 233 211 204 200 231 225 183 158

MKTG Marketing 115 112 109 114 134 123 117 132 120 107

BUND Business-Undeclared 63 64 53 75 103 76 69 63 66 67

COB ENROLLMENTS – 2009-18

MINORS 2009 2010 2011 2012 2013 2014 2015 2016 2017ACCT Accounting 9 10 7 9 12 11 10 10 7BUSA Business Administration 59 72 69 79 63 44 42 46 28CIS Information Systems 10 19 28 25 27 11 9 6 6CYBR Information Assurance 0 0 0 0 0 2 3 6 7ENTR Entrepreneurship 11 12 12 16 12 9 6 7 3FINA Finance 4 4 4 4 10 7 3 7 2MGMT Management 20 28 19 17 20 27 20 25 21MKTG Marketing 48 38 55 52 62 71 44 53 41OFSR Office Services 7 8 5 6 9 1 4 5 3

168 191 199 208 215 183 141 165 118

COB ENROLLMENTS – 2009-18

College of Business – Innovation, Impact & Engagement

• Experiential Business Learning • 28% of students successfully complete Academic Internship

• Work closely with: Invent@NMU, TEAM Business, Innovate Marquette, Northern Initiatives, local and regional businesses

• Student groups: AMA, VITA, Alpha Beta Sigma, Gamma Iota, CyberDefense Student Group, SMIF

College of Business – Innovation, Impact & Engagement

• Engagement• New Business Venture Competition• Discipline/Career Panel Luncheons & Dinners• Speaker programs

• Bob Stefanski – AI & Venture Capitalist• Career Prep 101

• Speedinterviewing• Resume workshop• Internship basics

• Fall & Winter Socials

College of Business – SRA Recommendations for Academic Programs

• Quintile 3 • AD Information System Major• College of Business Service Courses

College of Business – SRA Recommendations for Academic Programs

• Quintile 1 - NONE• Quintile 2

• AD General Business• BS Accounting Major• BS Entrepreneurship Major & Minor• BS Finance & Risk Management• BS Info Assurance/CyberDefense Major• BS Management Major & Minor• BS Marketing Major & Minor

College of Business – SRA Recommendations for Academic Programs

• Quintile 4 (Proposals requested)• BS Business Undeclared• Accounting Minor• BS Accounting/Corporate Finance Major• BS Accounting/Information Systems Major• Business Administration Minor• Finance Minor• Information Assurance/CyberDefense Minor• BS Information Systems Major• BS Ski Area Business Management Major• MBA Business Administration Major

College of Business – SRA Recommendations for Academic Programs

• Quintile 5 (Programs are all currently suspended)• AD GUS Office Services Major• AD Health Information Processing Major• AD Office Information Assistant Major• Office Services Minor

College of Business – SRA Recommendations for Support Programs

• Quintile 3• Dean – Business

• Review funding for potential reallocation into academic programs and/or other College staffing needs

• Quintile 5• Financial Trading Lab

• Space allocated for lab should be identified for reuse or a combined use; funding of programs should be reallocated

Transformations in Progress – College of Business

• GPC Proposal• Adding Internship course as MBA Elective (from 1credit to 3 credits)

• CUP Proposals• ACT 412 Advanced Cost (from 3 credits to 4 credits)

• Program change forms not necessary for this change due to ACT 412 being an Accounting Elective – bulletin change only

• ACT Electives** (ACT 431 required for CPA exam)12

• MKT 470 E-Commerce and Digital Marketing to incorporate digital marketing into the curriculum. (Name change, and minor content changes)

• Program changes Marketing Major • MKT 470 Elective – Name change of course• Program change Marketing Minor• MKT 470 Elective – Name change of course

Transformations in Progress – College of Business

• CUP Proposals - Course Changes: • CIS 100 – Computer Concepts

• Increasing from a 2 credit course to a 4 credit course to allow more time to teach technical concepts and allow students to think broadly on how these topics influence our modern society.

• Renaming to “Computer Concepts in Modern Society”• CIS 250 – Systems Analysis and Design

• Removing the CIS 100 prerequisite

Transformations in Progress – College of BusinessProgram change:• Information Systems – Associate of Business

• Renaming to “Information Assurance and Cyber Defense – Associate of Business”

• Increasing CIS 100 from 2 to 4 credits• Decreasing electives required from 6 to 4 credits

• Information Systems Major• Increasing CIS 100 from 2 to 4 credits• Removing the 2 credit CIS 415/491 requirement• Removing one lower division elective• Removing the CIS 112 requirement• Adding the CIS 212 requirement

• Information Systems Minor• Increasing CIS 100 from 2 to 4 credits• Decreasing electives required from 10 to 8 credits

• Information Assurance and Cyber Defense Major

• Adding CIS 100 4 credit class as a required course• Removing the upper division 4 credit elective

requirement• Removing the 2 credit CIS 415/491 requirement

• Information Assurance and Cyber Defense Minor

• Adding CIS 100 4 credit class as a required course• Decreasing electives required from 8 to 4

• Accounting/Information Systems Major• Increasing CIS 100 from 2 to 4 credits

Transformations in Progress – College of Business• Insurance & Risk Management • Financial Management

Transformative Conversations & Discussions –College of Business• Social Media Marketing (Interdisciplinary program- Art & Design,

Business & Communications)• 16 credits of Marketing

• BS Management with concentration in Human Resource Management• Data Science (Analytic) Minor (Interdisciplinary program with Business

and Math &Computer Science)• White Collar Crime Minor (20 credits) (Business & Criminal Justice)• Sales Minor/Certificate (20 credits)• Sustainable Entrepreneurship (BS – interdisciplinary major)• International Management & Cultural Studies minor(French & Spanish)• Music Industry Management – Performing Arts Management

College of Business – Staffing 2018-19

• Searches in progress

• Permanent Dean (replacement)• 3-year Term position – Insurance & Risk Management (replacement)• Tenure Track – Accounting (replacement)

COLLEGE OF BUSINESS – FALL 2018 # of Students and SCH’s by Academic Discipline

OSTUDENTS

IN COB COURSES

CREDITHOURS MAJORS

ACCOUNTING 298 1,192 139 MANAGEMENT 617 2,424 158 MARKETING 342 1,368 107 INFORMATION SYSTEMS 282 1,092 61 FINANCE/RISK MANAGEMENT 148 592 56 MBA 54 162 21 INTERNSHIPS & DIRECTED STUDIES 11 39

UNDECLARED & ASSOCIATES 128

Totals 1,752 6,869 670

Totals

ENROLLEDSTUDENTSIN COB COURSESCREDITHOURSMAJORS

ACCOUNTING2981,192139

MANAGEMENT6172,424158

MARKETING3421,368107

INFORMATION SYSTEMS2821,09261

FINANCE/RISK MANAGEMENT14859256

MBA5416221

INTERNSHIPS & DIRECTED STUDIES1139

UNDECLARED & ASSOCIATES 128

Totals1,7526,869670

ACT

ACT 321202195.24%4.14

ACT 403132065.00%4.6

ACT 230 Web72725.93%3.9

406858.82%

ACT 2403333100.00%4.79

ACT 431192095.00%4.46

ACT 44191369.23%4.54

ACT 240 Web182185.71%4.49

465485.19%

ACT 230353697.22%4.27

ACT 230202290.91%4.45

ACT 240222395.65%4.29

778195.06%

ACT 230192770.37%4.19

ACT 301222395.65%4.35

ACT 302111291.67%4.81

526283.87%

ACCOUNTINGDISCIPLINE24829883.22%

STUDENT CREDIT HOURS29841192

FACULTY4.33

275.2886836028

MGT

MGT 414171989.47%4.19

MGT 436303585.71%4.52

MGT 327283190.32%4.11

MGT 325243080.00%4.42

MGT 325 (WEB)62920.69%4.51

589064.44%

MGT 344 (WEB)92339.13%3.78

MGT 344 181994.74%3.92

MGT 344252889.29%4.45

527074.29%

MGT 215323786.49%4.54

MGT 34371838.89%4.44

MGT 240313588.57%4.05

MGT 425212391.30%4.32

525889.66%

MGT 240263574.29%4.53

MGT 240313491.18%4.34

MGT 240232688.46%4.24

MGT 341182281.82%4.47

9811783.76%

MGT 121243177.42%4.17

MGT 121293290.63%4.47

MGT 121 (WEB)1717100.00%4.44

708087.50%

MGT 221333497.06%4.22

MGT 221272993.10%4.20

MGT 221293096.67%4.20

899395.70%

MANAGEMENTDISCIPLINE50561781.85%

MANAGEMENT SCHS61742424

FACULTY8.33

290.9963985594

MKT

MKT 310262989.66%4.32

MKT 435304075.00%4.62

MKT 230172762.96%4.32

MKT 230213070.00%4.53

689770.10%

MKT 470203262.50%4.31

MKT 230283482.35%4.36

MKT 466273090.00%4.72

MKT 230 (WEB)222975.86%4.58

779382.80%

MKT 230253083.33%4.04

MKT 335242885.71%4.30

MKT 230313393.94%4.35

556190.16%

MARKETINGDISCIPLINE27134279.24%

MARKETING SCHS34241368

IS

CIS 100171894.44%4.24

CIS 250121392.31%4.46

CIS 222253278.13%4.21

546385.71%

CIS 1555771.43%4.41

CIS 440101190.91%4.40

CIS 222283580.00%4.38

435381.13%

CIS 3362323100%4.79

CIS 222333594.29%4.51

CIS 222 (WEB)182281.82%4.5

748092.50%

CIS 110 (WEB)223464.71%4.12

CIS 222273090.00%4.46

496476.56%

CIS 110192286.36%4.11

INFORMATIONSYSTEMSDISCIPLINE23928284.75%

IS SCHS28241092

FIN

FIN 351133339.39%3.08

FIN 35471936.84%3.97

FIN 35861060.00%4.09

266241.94%

FIN 201 (WEB)41526.67%4.28

FIN 462132065.00%3.89

FIN 3243742.86%3.53

FIN 351 (WEB)142850.00%3.63

FIN 3752633.33%5.00

326152.46%

FIN 36981080.00%4.46

FINANCEDISCIPLINE7014847.30%

FINANCE SCHS1484592

MBA

BUS 570151693.75%4.55

BUS 55091464.29%4.65

BUS 590111478.57%4.52

BUS 5201010100%4.49

MBADISCIPLINE455483.33%

MBA SCHS543162

1/7/2019

Enrollment 2018-19 221

Estimated Enrollment 2019-2020 122MPC Estimated Enrollment since inception 343

Entrepreneurship track (50%) 240

Entrepreneurship track credits 24

ACT 230 4ACT 240 4 Renew term

FIN 351 4FIN 431 4 Staffing adequate

MGT 215 4 Two-year term

MKT 230 or MKT 310 4 Two-year term*

COB Service due to MPC 5,762 Annual service due to MPC 1,441

FTE SCH 960Staffing needs 1.50

TOTAL FALL 2018 COB SCH'S 6,869 Estimated increase in Annual service due to MPC 21%

TOTAL WINTER 2018 COB SCH'S 6,684 TOTAL FALL 2017 COB SCH'S 7,432

*Social Media Design Management Majornew Art & Design Program = 16 credits of Marketing (already submitted PIF Proposal)

Medicinal Plant Chemistry Effect on COB

Two Enhancement

PositionsManagement

&Marketing

Cost of Overloads, Contingents & Adjuncts -

Fall 2018$55,000

Reaccreditation documents

recommended Accounting &

Marketing staffing

enhancements

Staffing

Medicinal Plant Chemistry Effect on COB1/29/19

Enrollment 2018-19221

Estimated Enrollment 2019-2020122

MPC Estimated Enrollment since inception343

Entrepreneurship track (50%)240

Entrepreneurship track credits24

ACT 2304

ACT 2404Renew term

FIN 3514

FIN 4314Staffing adequate

MGT 2154Two-year term

MKT 230 or MKT 3104Two-year term*

COB Service due to MPC5,762

Annual service due to MPC1,441

FTE SCH960

Staffing needs1.50

TOTAL FALL 2018 COB SCH'S 6,869

Estimated increase in Annual service due to MPC21%

TOTAL WINTER 2018 COB SCH'S 6,684

TOTAL FALL 2017 COB SCH'S7,432

*Social Media Design Management Major

new Art & Design Program = 16 credits of Marketing

(already submitted PIF Proposal)

“One of the Peer Review Team’s concerns was that the college appeared to have an insufficient number of faculty resources to deliver high-quality programs consistent with its vision and mission statements. Areas of special concern were noted in accounting and marketing.

As was explained to the PRT during their visit, the College of Business experienced a unique situation in 2015 through 2016 when the university offered faculty an Early Retirement Incentive Plan (ERIP) and one third of the college faculty signed up for the program (8 out of 25). The college also released an accounting faculty member in the winter semester of 2016, a vacancy that put additional stress on accounting offerings in fall 2016. “

AACSB CIR 2 Report - 2017

College of Business – Staffing 2019-20

• Cost of enhancement positions:• 2-year Term in Management

• $145,000 Term Position is needed to cover increased course demand. • This figure includes fringe benefits and salary for an Assistant Professor• Additional faculty is critical to developing additional curriculum programs

• Medicinal Plant Chemistry, Human resource management, Music Management

• 2-year Term – Marketing • $145,000 Term Position is needed to cover increased course demand. • This figure includes fringe benefits and salary for an Assistant Professor. • Presently two and two-thirds Marketing faculty service approximately 100 majors and 50 minors. • Additional faculty is critical to the success of this innovative interdisciplinary program.

Estimated increased annual SCH 1,441

Cost per credit $ 416

Estimated gross revenues $599,289.60

"Gavin Tax" 40%

Additional net revenue $359,573.76

Annual cost of Enhancements $290,000.00

Net Revenue/(Cost) of Enhancements $ 69,573.76

FINANCIAL IMPLICATIONS

College of BusinessCollege of Business – College of Business Staff by DisciplineCollege of Business ProgramsCollege of Business ProgramsSlide Number 6Slide Number 7College of Business – Innovation, Impact & EngagementCollege of Business – Innovation, Impact & EngagementCollege of Business – SRA Recommendations for Academic ProgramsCollege of Business – SRA Recommendations for Academic ProgramsCollege of Business – SRA Recommendations for Academic ProgramsCollege of Business – SRA Recommendations for Academic ProgramsCollege of Business – SRA Recommendations for Support ProgramsTransformations in Progress – College of BusinessTransformations in Progress – College of BusinessTransformations in Progress – College of BusinessTransformations in Progress – College of BusinessTransformative Conversations & Discussions – �College of BusinessCollege of Business – Staffing 2018-19Slide Number 21Slide Number 22Slide Number 23College of Business – Staffing 2019-20Slide Number 25