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

9,876

8,658

8,142

7,998

8,139

7,5427,500

8,000

8,500

9,000

9,500

10,000

Fall 2010 Spring 2011

Fall 2011 Spring 2012

Fall 2012 Spring 2013

Dillard College Total Enrollment

Undergraduate Enrollmentby Major

0

500

1000

1500

2000

2500

3000

ACCT BUAD ECON FINC LSBA MGMT MIS MKTG

Fall 2010

Spring 2011

Fall 2011

Spring 2012

Fall 2012

Spring 2013

Budget

• Overview

• Salaries & Positions

• Departments

• Dillard College Centers

Budget Overview 2012-2013

92%

7%

1%

Principal Operations

SBDC

Dillard College Centers

DCOBA Budget•Principal Operations $3.5 Million

•SBDC $267K

•Dillard College Centers $31K --Bureau of Business and

Government Research$14K

--Lalani Center for Entrepreneurship$12K

--Mamie Raborn Center of Economics$5K

Budget Overview 2012-2013

87%

8%

0% 2%

2%

1%0%

Faculty/Dean Salary and Benefits ($3,040,141)

Staff Salary and Benefits ($270,189)

Student Wages ($13,197)

Maintenance and Operations ($63,274)

HEAF (includes carryover $61,864)

Travel ($46,594)

Other ($6,000)

DCOBA Budget Excluding Centers and Dillard Trust 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

24%

19%

19%

38%

Dillard AACSB ($37,803)

Faculty Development Bsns Adm ($30,000)

Student Support/Test Administration ($30,000)

Dillard Financial Investment Lab Operating ($60,000)

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 $2,464,733*

Fringe Benefits 566,408

Total $3,031,141

*Chair Stipends Not Included

AACSB Salary Comparisons

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

$110,000

$120,000

FY 13 SalariesAACSB Salaries Comparison-10th Percentile

Sala

ries

DCOBA Faculty Members

AACSB Salary Comparisons

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

$110,000

$120,000

FY 13 Salaries

AACSB Salaries Comparison-25th Percentile

DCOBA Faculty Members

Sala

ries

Salaries by Rank - ACCT

Rank FY 13 Salaries AACSB Salaries Comparison – 25th 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 – 25th 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 – 25th Percentile

Full $100,876 $113,000

Associate $92,144-$93,138 $104,100

Salaries by Rank - LSBA

Rank FY 13 Salaries AACSB Salaries Comparison – 25th Percentile

Full $83,480 $93,300

Salaries by Rank - MGMT

Rank FY 13 Salaries AACSB Salaries Comparison – 25th 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 – 25th 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 – 25th Percentile

Full $110,000 $106,000

Associate $84,560-$89,450 $97,700

Proposed Dillard Fund Distribution 2013-2014

18%

15%

15%29%

17%

7%

Dillard AACSB ($38,000)

Faculty Development Bsns Adm ($32,000)

Student Support/Test Administration ($33,000)

Dillard Financial Investment Lab Operating ($62,000)

Salary and Benefit Adjustment ($37,000)

Internationalize DCOBA ($15,000)

Faculty Salaries

What salaries should we expect for future hires?• New Doctorates at 25th 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 25th percentile - $115,200• Current highest faculty salary - $100,876 (Full Professor)

Faculty Salaries

What salaries should we expect for future hires?• New Doctorates at 25th 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$185,997

Fringe Benefits 80,752

Longevity 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.  – IdeaWF and IdeaMSU– 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 240

Total Bureau Bus and Gov Research $13,715

Fund Raising Efforts

• Wichita Falls Regional Economic Outlook Report

• IdeaWF

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 $2,050.00– Postage $5,000.00– Bindery/Collating $350.00– Mailing List/Data Set $825.00– Total $8,225.00*

* Total does not include copier expenses or labor expenses.

IdeaWF

In-Kind Prize Providers Investors Investors (Continued) SponsorsCrane/West American National Bank Gunn Oil Hupp, Bauer, Hanson & LewisDesign Works Alliance Power Industrial Outsourcing McDonalds of Wichita FallsFreemon, Shapard & Story Charles Prothro Financial James lane Heating and Air Conditioning Nissan of Wichita FallsGII Graphics Cobra Oil Lalani LodgingGison, Davenport & Anderson Donnell Foundation Lyne Energy PartnersHoegger Communications Dewayne Travelstead Patterson Auto GroupJohn M. Lane Eagle Oil & Gas Sharp Iron GroupMWH Group, PC F.G. Haggerty Times Record News Sherrill, Crosnoe & Goff Fidelity Bank Transport LogisticsVentureHRO First Bank Western SuppliesWebfire Communications First National Bank of Wichita Falls WPT Power Transmissions

Welch, Sanders & Associates, LLP Four Stars Auto Ranch

Sponsors

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 $166,997Student Wages 4,882Non-Student Wages 12,665Fringe Benefits 54,065Maintenance and Operations 21,259Utilities 700Longevity 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

Fall 2009 Fall 2010 Fall 2011 Fall 20120

10

20

30

40

50

60

70

80

90

72

80

64

49

Total Domestic International

MB

A E

nro

llm

ent

* 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

Estimates Provided by: Information Technology Department

For All Eiki/Sanyo PLC-XU48 ProjectorsPOA-LMP55 (Old Ones, Most Common) $128.56/each

For All Panasonic PT-FX 400 U ProjectorsPT-FX400U (New Ones, Changing To) $219.75/each

For Panasonic PT-DZ680KET-LAD60W (New One, Pending Installation Into DB 101) $657.50/pair (Requires 2)

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 $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