A bit more than a decade has passed since
I stepped onto The Ohio State University campus for the first
time. It has certainly been an exciting ten years for the college
of businessand for me! For example, during the past ten
years we became the first named college at the universitythe
Max M. Fisher College of Business.
We achieved this by establishing new priorities through the Agenda
for Action. Those priorities included:
Excellence across all lines of activity
Brand recognition for value-added quality
Executive Education as a core competence
International recognition for excellence in scholarship,
reflected in teaching programs consistently rated in the top 20
nationally and among the top ten at public research universities
Over the past ten years the Fisher College has worked to achieve
these goals and to respond to the pressing need for innovative
business education in todays global environment. As you
will read in this years annual report, answering those needs
has taken the Fisher College down a number of paths that have
included expanding existing programs, developing new programming,
establishing new partnerships and utilizing new technologies.
Many of our efforts have been funded by dollars raised during
$100 million capital campaign, which concluded last year as one
of the most successful fundraising campaigns in Ohio States
history. With the opening of The Blackwell, our executive residence
scheduled to start business in June of 2002, the college will
have completed construction of one of the few fully integrated
business campuses in the nation.
Decade in Review
New faculty hired61
of 99 joined college since 1991
Undergraduate program numbers reduced to allow more resources
per student75% taught by full-time faculty in 2001,
compared to 25% in 1991
MBA program expanded to meet market demandfrom 290
students in 1991 to 480
PhD program resized to focus on qualityfrom 130 students
in 1991 to 60 in 2001
The results of our redesign have been satisfying. Our MBA program
is ranked 23rd in the nation by US News & World Report, placing
it fourth among the Big Ten and sixth among all public universities.
Average MBA starting salaries are over $85,000, with starting
bonuses bringing that first-year total above $103,000. Eighty-two
percent of Fisher undergraduate students complete at least one
internship before graduation. And in a Wall Street Journal survey
published April 30 of this year, recruiters ranked the college
14th best in the nation.
While our accomplishments since 1991 demonstrate the colleges
commitment to excellence, increased competition among business
schools has stepped up the need for improving program offerings
and delivery methods. Supporting faculty development and research
remains an ongoing priority as funding opportunities continue
to present a challenge. The ability to recruit top MBA students
with incentives such as student fellowships is crucial to the
continuing success of that program.
Support for innovative course development also continues to be
a priority, as is the development of technology applications in
such as e-commerce and long distance and self-paced learning.
creation of leading edge executive education programs is primary
our continuing commitment to management education and can be seen
in our innovative Executive MBA program. Finally, we will continue
to focus on reshaping and fine-tuning our highly ranked undergraduate
program. Activities such as our recent undergraduate emerging
markets experience and expanded honors opportunities will further
enrich this successful program.
We have come a long way. We arrived at the end of a decade with
an extraordinary record of accomplishment, one which should be
of pride for us all. Around the world, Fisher graduates are changing
the way people do business. Our work in preparing effective leaders
can prosper in times of rapid change has never been more important.
As the next ten years unfold, we will build on this foundation
and continue to aggressively find ways to be a major resource
for worldwide executive leadership.
Joseph A. Alutto
Dean and John W. Berry, Sr. Chair in Business
Fisher College of Business
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