Dear UCLA Anderson Alumni and Friends,
On behalf the UCLA Anderson family, I’d like to wish each of you a joyous and fulfilling New Year. At Anderson we’re excited about the year ahead and feeling very good about all we accomplished together in 2013. There are many who deserve credit for 2013.
This online version of the UCLA Anderson Donor Honor Roll recognizes those who supported the school in the 2012-2013 fiscal year. The generosity of you, our donors, resulted in $26.7 million of support for the school. We are profoundly grateful for your confidence in our future and for joining us in achieving our student, faculty and program priorities.
In June, UC President Mark Yudof approved our proposal to transition the Full-Time MBA program to a self-supporting program, similar to the status of UCLA Anderson’s other five Master’s programs.
Why transition to this new model for the MBA? The answer lies in greater predictability, flexibility and self-reliance. UCLA Anderson will now retain all tuition and fees for the MBA program, rather than receiving a portion of both, supplemented by a small amount of state funding. The current approval system for MBA tuition and fees often result in unpredictability.
The self-supporting model, on the other hand, lends certainty to the timing and outcome of the approval process, facilitating students’ fiscal planning. The school can better allocate for teaching and innovation, providing for greater flexibility in assigning faculty to the MBA as it has in existing self-supporting programs. A third critical advantage is to UCLA. The University has faced unprecedented challenges due to diminishing state support. UCLA Anderson’s new financial model enables the University to redirect state support to other critical priorities, including undergraduate instruction. UCLA will also benefit from UCLA Anderson’s overhead payments for centrally delivered services.
This new model amplifies the school’s self-reliance and its dependence on student tuition, self-generated revenue and philanthropy to offset the loss of state funds. Our alumni and friends are vital to our future, and have already demonstrated their commitment to this change through increased giving to the school. The capacity to augment financial aid for students, attract and retain leading faculty and offer uniquely innovative programs are the primary drivers of the school’s continued competitiveness among the world’s leading schools of management. This new model thus positions us to compete extremely well in the future.
This is an exciting moment in the 78-year history of UCLA Anderson. As we embark on this state-of-the-art financial model for UCLA Anderson, our need for your support has never been greater—and it translates into real accomplishments. This past year we offered unprecedented financial aid to our students, attracted seven remarkable new faculty from leading schools around the world and expanded our MBA curriculum into new areas of specialization, preparing students for careers of the future. We are, indeed, living Think in The Next.
In these pages, you'll meet individuals who are having considerable impact on the UCLA Anderson family–now and in the future:
» Joel (’86) and Deanne Fried ('02), who established the Deanne & Joel Fried Anderson Fund Challenge, matching every new and increased Dean’s Society level gift. “Good fortune comes [with] a responsibility to give back,” says Joel.
» Andrea Mack (’94) who participated in the Riordan MBA Fellows program and credits it with positioning her for school and career success. Now a member of the Riordan Advisory Board, she encourages prospective students to attend UCLA Anderson.
» Bill Cockrum, a teaching fixture at UCLA Anderson who has had a transformative impact on students since the ’80s. A generous donor, he leads by example, reminding students of their obligation to support the school and invest in the value of their own degrees by giving back.
On behalf of all of us, please accept my deepest gratitude to each of you for enabling the transformational impact of all that is UCLA Anderson. their obligation to support the school and invest in the value of their own degrees by giving back.
Wishing you a healthy and successful New Year,
Judy D. Olian
Dean and John E. Anderson Chair in Management