Dillard College of Business Administration Vision Mission Our

Dillard College of Business Administration

Vision & Mission Our Vision is to be recognized as the center of excellence in business education and service in North Central Texas. Our Mission is to provide students an educational experience that develops knowledge and competencies needed for professional career entry, mobility, and leadership. For our stakeholders, the Dillard College provides specialized services that contribute to the economic education, development, and vitality of our region.

Values Our Values • Diversity among individuals and cultures • Integration of the college and the regional business community • Close relationships among students and faculty • Lifelong learning from the foundation of a liberal arts education • Professional behavior on the part of faculty and students • An attitude of ethical leadership among students and faculty • An entrepreneurial mindset – an orientation of leveraging unique resource combinations to seize opportunities that create value (monetary or otherwise)

AACSB Accredited The Dillard College of Business Administration received accreditation in April 2010. AACSB Accreditation represents the highest standard of achievement for business schools worldwide. Less than 5% of the world’s 13, 000 business programs have earned AACSB Accreditation. AACSB-accredited schools produce graduates that are highly skilled and more desirable to employers than other non -accredited schools. AACSB-accredited schools have the highest quality faculty, relevant and challenging curriculum, and provide educational and career opportunities that are not found at other business schools. www. aacsb. edu

Undergraduate Enrollment

Undergraduate Enrollment by Major

Budget • Overview • Salaries & Positions • Departments • Dillard College Centers

Budget Overview 2012 -2013 • Principal Operations $3. 5 Million • SBDC $267 K • Dillard College Centers $31 K --Bureau of Business and Government Research $14 K --Lalani Center for Entrepreneurship $12 K --Mamie Raborn Center of Economics $5 K

Budget Overview 2012 -2013

Departments Accounting/MIS – Travel: $9, 154 – Maintenance and Operations: $5, 504 Dillard Business Admin – Travel: $17, 100 – Maintenance and Operations: $45, 540 Economics/Finance/Legal Studies – Travel: $10, 170 – Maintenance and Operations: $6, 115 Management/Marketing – Travel: $10, 170 – Maintenance and Operations: $6, 115

Dillard Fund Distribution 2012 -2013

Salaries & Positions • Faculty • Staff

Faculty 28 Positions • Instructors (2) • Assistant Professors (9) • Associate Professors (9) • Full Professors (8) • Vacancies – Tax position filled – Econ/Stats position – Management position

Salaries Faculty Total Faculty Salaries Fringe Benefits $2, 464, 733* 566, 408 Total $3, 031, 141 *Chair Stipends Not Included

AACSB Salary Comparisons

AACSB Salary Comparisons

Salaries by Rank - ACCT Rank FY 13 Salaries AACSB Salaries Comparison – 25 th Percentile Full $96, 518 $107, 800 Associate $99, 988 – $102, 460 $102, 000 Assistant $75, 000 $105, 800 Instructor $77, 552 $54, 100

Salaries by Rank - ECON Rank FY 13 Salaries AACSB Salaries Comparison – 25 th Percentile Full $86, 004 -$90, 820 $93, 000 Full (Ethics) $85, 066 $112, 500 Assistant $65, 288 -$68, 020 $75, 000

Salaries by Rank - FINC Rank FY 13 Salaries AACSB Salaries Comparison – 25 th Percentile Full $100, 876 $113, 000 Associate $92, 144 -$93, 138 $104, 100

Salaries by Rank - LSBA Rank FY 13 Salaries AACSB Salaries Comparison – 25 th Percentile Full $83, 480 $93, 300

Salaries by Rank - MGMT Rank FY 13 Salaries AACSB Salaries Comparison – 25 th Percentile Full $94, 620 $105, 800 Associate $82, 194 $98, 020 Assistant $70, 000 -$90, 250 $95, 980

Salaries by Rank - MIS Rank FY 13 Salaries AACSB Salaries Comparison – 25 th Percentile Associate $86, 214 $97, 000 Assistant $80, 000 -$81, 126 $89, 000 Instructor $58, 333 $50, 900

Salaries by Rank - MKTG Rank FY 13 Salaries AACSB Salaries Comparison – 25 th Percentile Full $110, 000 $106, 000 Associate $84, 560 -$89, 450 $97, 700

Proposed Dillard Fund Distribution 2013 -2014

Faculty Salaries What salaries should we expect for future hires? • New Doctorates at 25 th Percentile 2012 -2013 AACSB Survey – Accounting $115, 000 (Assistant Professor) • Current highest faculty salary - $102, 460 (Associate Professor) – Finance $93, 800 (Assistant Professor) • Per AACSB numbers, to hire an Assistant Professor from another school at 25 th percentile - $115, 200 • Current highest faculty salary - $100, 876 (Full Professor)

Faculty Salaries What salaries should we expect for future hires? • New Doctorates at 25 th Percentile 2012 -2013 AACSB Survey – Management Information Systems $94, 300 (Assistant Professor) • Current highest faculty salary - $86, 214 (Associate Professor) – Marketing $98, 000 (Assistant Professor) • Current highest faculty salary - $110, 000 (Distinguished Professor) • Next highest faculty salary - $89, 450 (Associate Professor)

Salaries Staff Total Admin Salaries Fringe Benefits Longevity $185, 997 80, 752 3, 440 Total $270, 189

Staff – March 2012 9 Positions • 1 -Marketing Coordinator (1 vacancy) • 1 -Assistant to the Dean • 1 -Administrative Assistant (1 vacancy) • 4 -Secretary II (2 vacancies) • 2 -Academic Advisors

Staff Needs 9 Positions • 1 -Marketing Coordinator (1 vacancy) • 1 -Assistant to the Dean • 1 -Administrative Assistant • 4 -Secretary II • 2 -Academic Advisors • 1 -Accreditation Coordinator (Part-time Faculty Position)

Dillard College Centers Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise – Director: Dr. Jeff Stambaugh The Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise is the principal focus in the Dillard College of Business Administration for the study, promotion, and cultivation of entrepreneurial and innovative activities in our region. – Idea. WF and Idea. MSU – Angel Investors The Center promotes the co-curricular activities of Dillard College students interested in entrepreneurial careers, assists faculty in the development of curriculum and promotes research in the area of entrepreneurship and innovation in the College. The Center is also being positioned to serve as a focal point for entrepreneurial activities in the greater Wichita Falls and North Texas region.

Dillard College Centers Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise Maintenance and Operations $11, 748 Total Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise $11, 748

Dillard College Centers Bureau of Business and Government Research – Director: Dr. John Martinez The Bureau of Business and Government Research (BBGR) is an integral part of the Dillard College of Business Administration and Midwestern State University. The mission of the BBGR is: – to provide assistance in research conducted by the faculty and students in the University; – to conduct and encourage research related to economic development and the local community; – to promote partnerships in the business and local community to pursue contemporary economic, business, and government issues. The Bureau of Business and Government Research at Midwestern State University is a member of the nationwide Association for University and Economic Research. The BBGR publishes a quarterly Wichita Falls Regional Economic Outlook Report and the Midwestern Business Economic Review twice yearly.

Dillard College Centers Bureau of Business and Government Research Travel $1, 710 Maintenance and Operations 11, 765 Utilities Total Bureau Bus and Gov Research 240 $13, 715

Fund Raising Efforts • Wichita Falls Regional Economic Outlook Report • Idea. WF

Wichita Falls Regional Economic Outlook Report • Revenue – Sell Advertisements ($800 - $2, 500) • Total Advertisement Revenue in FY 13 - $5, 200 – Sell Economic Report and Statistics: $500 Monthly • Expenses (FY 12) – Supplies – Postage – Bindery/Collating – Mailing List/Data Set – Total $2, 050. 00 $5, 000. 00 $350. 00 $825. 00 $8, 225. 00* * Total does not include copier expenses or labor expenses.

Idea. WF www. ideawf. com

Dillard College Centers Mamie Raborn Center for Economic Education – Director: Dr. James Owen The Mamie Raborn Center for Economic Education was established in 1982 to increase the economic understanding of the university community and the citizens of the North Texas area. The Center provides economic education materials, disperses information concerning economic issues, and serves as a point of contact for members of the media and community having questions about economic issues.

Dillard College Centers Mamie Raborn Center for Economic Education Maintenance and Operations $4, 900 Total Mamie Raborn Center for Economic Education $4, 900

Dillard College Centers Center for Management and Leadership Development – Currently inactive Maintenance and Operations $855 Total Management and Leadership Development $855

Dillard College Centers Small Business Development Center – Director: Vanda Wright The Wichita Falls Small Business Development Center is located on the campus of Midwestern State University. The SBDC provides business counseling, technical assistance, training workshops, and business plan development for small businesses in our 13 county area. We strive to promote growth, expansion, innovation, increased productivity and improved management for small business.

Dillard College Centers Small Business Development Center Total Admin Salaries Student Wages Non-Student Wages Fringe Benefits Maintenance and Operations Utilities Longevity $166, 997 4, 882 12, 665 54, 065 21, 259 700 6, 200 Total Small Business Development Center $266, 768

Cost Efficiency Efforts • No Marketing Coordinator • AQ/PQ Standards and Mix of Faculty – Wise use of “other faculty” for university core and other classes as numbers permit – Wise and increased use of PQ faculty • Developing a Website for Economic Outlook Report – Big time saver for staff and better product • Energy Efficiency

Cost Efficiency Efforts • Internationalization of College • Maximize Class Sizes – Offer fewer sections – Carefully look at electives – Carefully look at course sequencing • Streamlined Assessment Process • Two Year Course Plan – Better course sequencing increases class sizes and helps students plan

Improvement Ideas • Advising Department working with North Central Texas College (NCTC) & Vernon College • MBA Program – Current Status

Status of MBA Program 90 MBA Enrollment 80 70 80 72 64 60 50 49 40 30 20 10 0 Fall 2009 Total Fall 2010 Domestic Fall 2011 Fall 2012 International * As of March 2013, MBA total enrollment is approximately 42 * 11 of these 42 students should graduate by August 2013 * We anticipate additional applications before Fall as it is still early

Improvement Ideas • MBA Program – Proposed Changes • Increase Admission Standards • Provide Increased Flexibility in Course Delivery Formats – Traditional, Online, & Hybrid Offerings • Reduce Common Body of Knowledge Leveling Requirements

Dillard College Needs • MBA Concentrations – Marketable & Demand, Accounting and Other Specialties • Salary Adjustments • Staff Support • Technology Support

Technology Support • Classroom Utilization • Technology Replacement Costs • Technology Upkeep Costs

Classroom Utilization Classroom Users Fall 2012 Spring 2013 DCOBA Classes 89 85 Non-DCOBA Classes 95 72 Other* 8 0 *Only includes full semester use. Classrooms are used regularly for events—especially DB 101, DB 189, and the Priddy Conference Room.

Technology Replacement Costs • Computers $1, 330 each PC Dual Screen Display $ 795 each PC Only • Laptop $640 • Projectors $2, 400 each (Projector Plus Mount) • Projector DB 101 $11, 000 Estimates Provided by: Information Technology Department

Technology Replacement Costs • Touch Screens $575 each plus shipping (23)* *Touch Screens Needed for 23 Classrooms • UPSs $130 each Estimates Provided by: Information Technology Department

Technology Upkeep Costs Lamps for Projectors For All Eiki/Sanyo PLC-XU 48 Projectors POA-LMP 55 (Old Ones, Most Common) $128. 56/each For All Panasonic PT-FX 400 U Projectors PT-FX 400 U (New Ones, Changing To) $219. 75/each For Panasonic PT-DZ 680 K ET-LAD 60 W (New One, Pending Installation Into DB 101) $657. 50/pair (Requires 2) Estimates Provided by: Information Technology Department

Technology Needs Equipment Quantity Price Total Computers (Dual Screen) 4 $1, 330 $5, 320 Computers (PC Only) 2 $795 $1, 590 Projectors 10 $2, 400 $24, 000 Projector DB 101 1 $11, 000 Touch Screens 23 $575 $13, 225 Shipping 23 $100 $2, 300 UPSs 23 $130 $2, 990 Overall Total $60, 425

Technology Funds • Revenue – HEAF • $61, 864 (Includes Carry Over) • $46, 112 (Remaining Balance) – Provost Office Allotted Funds • $19, 000 • Expenses – $60, 425 • Remaining Funds – FY 13 – $4, 687

Technology Plan • Master Plan • Rotating Replacement Schedule with IT