June 26, 2013
University President Yudof Approves UCLA Anderson Proposal To Convert Full-Time MBA Program to Self-Supporting Model
Move Expected to Benefit Both UCLA Anderson and UCLA
University of California President Mark G. Yudof has approved UCLA Anderson's proposed status change for its full-time MBA program and the program now becomes self-supporting. State support previously allocated for the school's full-time program transfers to the university at large, while state support for Anderson's doctoral and undergraduate accounting minor programs remains in place.
After a three-year review process-that included spirited debates within the UCLA Anderson, UCLA and University of California communities-President Yudof wrote in his June 24th letter to UCLA Chancellor Gene Block he is approving the change because the school would have "the same academic requirements, the same faculty, the same curricula, the same kinds of students, the same admissions requirements, and the same academic delivery model." He placed three conditions on his decision, namely: self-supporting charges are submitted to the UC President for approval, student financial aid is offered for financially needy students at a level commensurate with other UC full-time state-supported MBA programs and the program adheres to the specifics of the self-supporting policy on graduate professional degree programs in all aspects.
UCLA Anderson has experience with the self-supported model, as five of its six master's programs, including its Fully Employed and Executive MBA programs, already function under a self-supporting model.
Judy Olian, UCLA Anderson dean, said in a statement that the decision adds predictability to the tuition-setting process and flexibility to faculty assignment. "UCLA Anderson is well positioned for the future, and this change further enables us to address MBA student and program needs," she said. "We also believe that our alumni and friends will be energized by the clarity of the school's financial model, and its singular dependence on self-generated funding and philanthropy."
"In every other respect, UCLA Anderson remains a part of UCLA exactly as before," Olian said. "We see this change benefiting both the university and UCLA Anderson, a creative strategy in response to declining funding from the state."
More than $8 million in state support will now transition to the university and campus-wide undergraduate programs. "We are very grateful to President Yudof for his thoughtful consideration and approval of the UCLA Anderson proposal," said Chancellor Block. "It recognizes our need to adjust to new state funding realities while ensuring that the MBA program preserves the academic quality and access for needy students befitting a public institution."
The status change is expected to go into effect for fiscal year 2013-14.
About UCLA Anderson School of Management
UCLA Anderson School of Management is among the leading business schools in the world. UCLA Anderson faculty members are globally renowned for their teaching excellence and research in advancing management thinking. Each year, UCLA Anderson provides a distinctive approach to management education to more than 1,800 students enrolled in its MBA, Fully-Employed MBA, Executive MBA, Global Executive MBA for Asia Pacific, Global Executive MBA for the Americas, Master of Financial Engineering, doctoral and executive education programs. Combining selective admissions, varied and innovative learning programs, and a world-wide network of 35,000 alumni, UCLA Anderson develops and prepares global leaders. Follow UCLA Anderson on Twitter at http://twitter.com/UCLAAnderson, or on Facebook at http://www.facebook.com/uclaanderson.Contact Information
UCLA Anderson Office of Media Relations, (310) 206-7707, Media.email@example.com