UVA Darden in the Northern Virginia D C

UVA Darden in the Northern Virginia / D. C. Area Board of Visitors – 3 August 2018

DARDEN CONTEXT THE DARDEN SCHOOL IS MISSION-DRIVEN IN PURSUING THE STRATEGIC PLAN “DARDEN WORLDWIDE 2026. ” Darden mission Strategic priorities • The University of Virginia Darden School of Business improves the world by developing and inspiring responsible leaders and by advancing knowledge. 1. Attract exceptional students by delivering and enhancing the world’s best, most accessible, global education experience with top ROI. Darden vision 3. Advance scholarly research and practitionerrelevant thought leadership. • Achieve the full potential of the Darden mission. - Top public business school in the USA. - One of the preeminent business schools in the world. 2. Attract, retain and develop diverse, world-class faculty and staff talent. 4. Expand competitive infrastructure, global brand network at UVA and beyond. 5. Expand Darden’s resources, via outstanding executive education, advancement, technology and innovation. 2

DARDEN CONTEXT: COMPETITIVE LANDSCAPE DARDEN OPERATES IN A HIGHLY COMPETITIVE LANDSCAPE FOR RESOURCES AND TALENT WITH PEER SCHOOLS MAKING SIGNIFICANT INVESTMENTS IN TECHNOLOGY AND NEW FACILITIES. Technology and Innovation Capital Campaigns Harvard Business School: $1. 3 B* Building Boom Wharton: $850 M Michigan (Ross): $400 M* UNC (Kenan-Flagler): $400 M Cornell Tech-NYC Chicago (Booth): $850 M Columbia Business School: $500 M* UCLA: $300 M *Campaign recently completed Kellogg 3

DARDEN IN NORTHERN VA / D. C. AREA THE FOLLOWING WERE IDENTIFIED AS STRATEGIC RATIONALE FOR FURTHER ENGAGEMENT IN THE NORTHERN VIRGINIA / D. C. METRO AREA BY DARDEN: 1. Easy transportation access for prospective students, reducing travel time; thousands of flights to Dulles and Reagan airports plus train links. 2. Preempting competition from other leading schools in D. C. area. 3. UVA Darden identified as highest-ranked and highest-profile MBA program vs. possible D. C. -area competitors. 4. Market demand growth opportunity for degree and non-degree/executive education formats. 5. Strength of UVA and Darden brand alumni concentration in region. 6. Rise of flexible MBA and other business degree formats. 4

DARDEN IN NORTHERN VA / D. C. AREA OVER THE LAST THREE YEARS, DARDEN HAS MADE STRATEGIC INVESTMENTS IN THE NORTHERN VIRGINIA / D. C. AREA. 2015 • D. C. task force reports to faculty and Darden Foundation Board. • Darden faculty vote to launch Executive MBA section in D. C. area. 2016 • Exec. MBA starts in Rosslyn at full capacity. • Darden offices open at 1100 Wilson Blvd. : 5, 000 sq. ft. 2017 • Sands family commits $5 M to new Sands Family Grounds to open in 2018. • Darden Foundation signs lease for Sands Family Grounds: 40, 000 sq. ft. 2018 • Sands Family Grounds opens. • Greg Fairchild named UVA Director of Northern Virginia operations. • MSBA begins in Rosslyn. 5

DARDEN IN NORTHERN VA / D. C. AREA ENGAGEMENT IN NORTHERN VIRGINIA HAS ENABLED NEW EDUCATIONAL OFFERINGS. Executive MBA • Delivered over 21 months in weekend and week-long residencies, 33% online. • ~270 students per year Charlottesville and Rosslyn. • Average 34 • 30 -35% veterans • All students spend meaningful time in Charlottesville. Master of Science in Business Analytics (with Mc. Intire) • Approved by BOV in January 2018; by SCHEV in May 2018. - ~2, 400 inquiries from January-June. • Delivered over 12 months in weekend residencies, 50% online. Some classes in Charlottesville. • ~30 students in first class (60 students at scale). Students enrolled in Rosslynbased degree offerings. 200 180 160 140 120 100 80 60 40 2016 2017 Exec. MBA 2018 MSBA 6

DARDEN IN NORTHERN VA / D. C. AREA ENGAGEMENT IN NORTHERN VIRGINIA HAS CREATED NEW PLATFORMS. • Executive Education - 22 programs delivered in full or in part to 500+ participants in Northern Virginia over last three years. • Stakeholder engagement - More than 3, 300 guests to the Sands Family Grounds from March-June 2018 including alumni events, admissions, students and thought leadership events. 7

DISCUSSION / Q&A Scott Beardsley, Dean, UVA Darden School of Business Gregory Fairchild (MBA ‘ 92), Director, UVA Northern Virginia Operations; Associate Dean, D. C. -area initiatives, Darden School Elizabeth Weymouth (CLAS ‘ 89, MBA ‘ 94), Chair, Darden Foundation Board of Trustees; Founder and Managing Partner, Grafine Partners 8

THANK YOU 9