Dillard College Overview
Dillard College Overview Vision and MissionAACSB AccreditationEnrollmentQuality1
Vision & MissionOur Vision is to be recognized as the center of excellence in business educationand service in North Central Texas.Our Mission is to provide students an educational experience that developsknowledge and competencies needed for professional career entry, mobility, andleadership. For our stakeholders, the Dillard College provides specializedservices that contribute to the economic education, development, and vitality ofour region.AACSB AccreditedThe Dillard College of Business Administration received accreditation in April2010 and received notification in 2014 that its accreditation would be extendedfor an additional five years. The next accreditation review will be during the2019-2020 academic yearAACSB Accreditation represents the highest standard of achievement for businessschools worldwide. Less than 5% of the world’s 13,000 business programshave earned AACSB Accreditation. AACSB-accredited schools producegraduates that are highly skilled and more desirable to employers than othernon-accredited schools.AACSB-accredited schools have the highest quality faculty, relevant andchallenging curriculum, and provide educational and career opportunities thatare not found at other business schools.www.aacsb.edu2
EnrollmentFall Semester 2010-2016 Total Undergraduate and Graduate Enrollment by CollegeCollegeFallSemesterDillardCollege e ArtsHealthSciences andHumanServicesHumanities andSocial SciencesScience 0901314225850410221656064EnrollmentBBA/MBA Fall Enrollment 2816MBABBA3
Student Credit Hour ProductionMBA/BBA AnnualCredit Hours raduate Enrollment Approximately forty-five percent of theundergraduate students enrolled in the DillardCollege of Business Administration during the Fall2016 Semester were from Wichita County andthe nine surrounding counties in Texas, with 36percent from Wichita County alone. Other majorsources of undergraduate students for the collegeinclude the Dallas-Fort Worth Metroplex (23percent), foreign countries (16 percent), and theremainder of Texas (10 percent).4
Undergraduate Enrollment Demographics– The proportion of the Wichita Falls MetropolitanStatistical Area (Wichita, Archer, and Claycounties) population that will be college age in thenext decade is declining. Census data from 2000and 2010 indicate that the number of 10- to 14year-olds dropped from slightly more than 9,000to slightly more than 8,000, and the number of15- to 19-year-olds declined from approximately12,000 to 10,500.Freshman EnrollmentFRESHMEN ENROLLMENTALL FRESHMENCollegeBusinessEducationFine ArtsHealth Sciences andHuman ServicesHumanities andSocial SciencesScience andMathematicsNot DeclaredTotalFall 2013 Fall 2014 Fall 2015 Fall 106822501261175316160128130111612672431201163All Freshmen enrollment from Metroplex in Fall 2015 (32%) and Fall 2016 (34%).All Freshmen enrollment from Education Service Center Regional 9 Area in Fall2015 (7%) and Fall 2016 (10%).All Freshmen enrollment from Wichita County in Fall 2015 (31%) and Fall 2016(29%).5
Freshman EnrollmentFRESHMEN ENROLLMENTDillard CollegeGeographic OriginFall 2015Fall xEducation Service CenterRegional 9 AreaWichita CountyOklahomaForeignOther Texas CountiesAll Other StatesHouston AreaAustin AreaSan Antonio AreaTotalFreshmen enrollment from Metroplex in Fall 2015 (41%) and Fall 2016 (39%).Freshmen enrollment from Education Service Center Regional 9 Area in Fall2015 (8%) and Fall 2016 (7%).Freshmen enrollment from Wichita County in Fall 2015 (21%) and Fall 2016(26%).Undergraduate Enrollmentby MajorBBA Enrollment by MajorFall 2014-2016(double majors counted for each major 520146
MBA EnrollmentMBA Student Enrollment and CompositionFall Semester20092010201120122013201420152016Note:Fall 2008Fall 2007Fall 2006Fall 2005Number ofDomestic MBAStudents3954523930364643Number ofInternationalMBA Students33261210129712Total Number ofMBA Students7280644942455355Total Number of MBA Enrollment59486449MBA EnrollmentMBA Student Enrollment and CompositionFall Semester20092010201120122013201420152016Number ofDomestic MBAStudents3954523930364643Number ofInternationalMBA Students33261210129712Total Number ofMBA Students72806449424553557
Dillard College Quality—BBAACT Score AverageFirst-Time/Transfer 620.35BBA MFT Overall Percentile82%201220132014First Time2015Transfer201672%71%68%National AverageSAT Score AverageFirst-Time/Transfer Students(*up to Feb 2016 when scoring First Time914.4420142015TransferFeb. 2016National AverageDillard College Quality—MBAMBA MFT Overall Percentile85%GMAT Yearly 014-1577%475.82012-132013-142013- 2015 Mean GMAT Score 552Source: GMAT website aspx)2012-132015-168
Budget Overview Salaries & Positions Dillard Endowment Dillard College Centers Cost Efficiency Efforts Dillard College ChallengesBudget Overview 2014-2015DCOBA Budget Principal Operations 3.7 Million SBDC 266,000 Dillard College CentersM&O 72,000--Bureau of Business andGovernment Research 14,000--Energy Center 40,000--Lalani Center forEntrepreneurship 9,000--Mamie Raborn Centerof Economics 9,0002%Principal Operations6%SBDCDillard College Centers92%9
Budget Overview 2016-2017DCOBA Budget Principal Operations 4.2 Million1%Principal Operations7% SBDC 317,000SBDC Dillard College CentersM&O 64,000--Energy Center 40,000--Lalani Center forEntrepreneurship 9,000--Mamie Raborn Centerof Economics 15,000Dillard College Centers92%Budget Overview 2014-2015DCOBA Budget Excluding Centers and Dillard Trust 2014-20151%1%2%1%0%0%Faculty/Dean Salary and Benefits( 3,173,335)Staff Salary and Benefits ( 301,648)8%Instructional Enhancement ( 51,250)Travel ( 46,594)Maintenance and Operations ( 45,540)HEAF ( 24,976)87%Other ( 6,000)10
Budget Overview 2016-2017DCOBA Budget Excluding Centers and Dillard Trust 2016-20170%1%0%0%1%Faculty/Dean Salary and Benefits ( 3,663,115)3%8%Staff Salary and Benefits ( 335,598)Instructional Enhancement ( 131,453)Travel ( 41,243)Maintenance and Operations ( 45,540)HEAF ( 2,447)87%Other ( 6,000)Salaries & Positions Faculty Staff11
Faculty26 Full-Time Positions (Including Dean) Instructors (1) Assistant Professors (9) Associate Professors (12) Full Professors (4) Vacancies– Management Position (1)– Marketing Position (1)– Energy Finance Professorship (1) About 2 FTE as adjunctsDillard College QualityOverall Course/Instructor Evaluations 2015-16(Out of 1-5; 5 is excellent and 1 is poor)4.614.334.39Fall 20154.374.41Spring 2016Overall Course Average4.44.624.44Summer I 2016Summer II 2016Overall Instructor Average12
Dillard Intellectual eTarget MetPublication Goal Publications1834Percent188.00%Target MetSalariesFacultyTotal Faculty SalariesFringe Benefits 2,982,099*681,016Total 3,663,115*Chair Stipends Included13
Salaries by Rank - ACCTRankFY 17 SalariesAACSB Salaries Comparison – 25thPercentile (2015-2016)All FacultyNew HiresAssociate 112,817 – 133,320 111,400 120,000Assistant* 120,000 114,200 120,000New Doctorate 126,000*Hired new assistant professor for 2016-2017 academic year for a salary of 120,000.Salaries by Rank - FINCRankFY 17 SalariesAACSB Salaries Comparison –25th Percentile (2015-2016)All FacultyNew HiresAssociate 106,656- 113,474 114,500 145,000Assistant 111,226 116,400 107,00014
AACSB Maintenance Team Comment “It will be difficult to fill vacant facultypositions if faculty salaries are significantlybelow median AACSB salaries.”Salaries by Rank – All FacultyRankAACSB Salaries Comparison –Median (2015-2016)AccountingFinanceFull 139,700 150,000Associate 129,000 134,800Assistant 139,900 145,000Instructor 71,100 84,200New Doctorate152,000 119,00015
Salaries by Rank - ECONRankFY 17 SalariesAACSB Salaries Comparison– 25th Percentile (2015-2016)All FacultyNew HiresFull 98,829- 102,848* 99,000Only 7 newhiresAssistant 72,700- 78,000 80,000 80,000*Salary of 102,848 is exclusive of chair’s stipend.Salaries by Rank - LSBARankFullFY 17 Salaries 96,990*AACSB Salaries Comparison –25th Percentile (2015-2016)All FacultyNew Hires 100,600No new hires atprofessor level*Excluding 3,000 chair stipend.16
Salaries by Rank - MGMTRankFY 17 SalariesAACSB Salaries Comparison –25th Percentile (2015-2016)All FacultyNew HiresFull—OperationsManagement 109,383 114,300Only 3 newhiresAssistant—ManagementStrategicManagement 111,100 109,500 104,200Assistant (teach inmore than one areaof management) 99,334- 99,485 103,140Salaries by Rank - MISRankFY 17 SalariesAACSB Salaries Comparison – 25thPercentile (2015-2016)All FacultyNew HiresAssociate 98,273-99,788 103,300 110,100Assistant 91,305 95,600 95,000Instructor* 64,809 54,200 49,800*11 month contract—Also involved in IT maintenance and assistancethroughout the year.17
Salaries by Rank - MKTGRankAACSB Salaries Comparison – 25thPercentile (2015-2016)FY 17 SalariesAll FacultyNew HiresFull 121,200 114,700Only 4 new hiresAssociate 102,212 104,100 92,300Assistant 101,808 103,600 102,000Salary—AACSB ComparisonFACULTY SALARIES at AACSB 25th PERCENTILEAn initiative in the 2010-2015 strategic plan was to monitor faculty salaries and worktoward increasing them to the AACSB 25th percentile.Salary YearFaculty Salary not at 25%Faculty Salary at 25%2016-1717102015-1612162012-13244Comparison is current year salary to previous year AACSB Salary 25th PercentileSalary Amounts for public accredited colleges. Thus, our comparison of 2016-2017Dillard College salaries is to 2015-2016 AACSB Global Salary Survey Reportamounts.18
Salary—AACSB Comparison For the 2012-2013 academic year, salaries for Dillard College facultyin the aggregate were more than 190,000 less than the AACSB25th percentile. Aggregate Dillard College faculty salaries for those making less thanthe 25th percentile for the 2016-2017 academic year would bewithin 65,000 of the AACSB 25th percentile salary survey numbers(for the available 2015-2016 academic year).– Obviously, salaries will likely increase nationwide for the 2016-2017academic year, and this will result in a gap between Dillard Collegesalaries and the national 25th percentile exceeding 65,000. Dillard College faculty salaries for those making less than the 25thpercentile for the 2015-2016 academic year would have beenwithin 38,000 of the AACSB 25th percentile salary survey numbers(for the available 2014-2015 academic year).SalaryRankDean-12monthFY 17 Salaries 154,824AACSB Salaries Comparison (20152016 Academic Year)25th Percentile10th Percentile 173,600 152,000Note: As the Dillard College is hiring a new dean, there are two things thatneed to be considered: (1) salary and (2) administrative support for AACSBactivities. Most schools have an associate dean or coordinator of AACSBactivities to help manage AACSB accreditation efforts.19
Faculty/Staff NeedsAssistant or Associate Dean/Accreditation Coordinator (“New”faculty position on 11 month contract that teaches perhaps threecourses a year and does administrative duties)Law Professor-RankAssistantAACSB Salaries Comparison –Median (9 month contract)All FacultyNew Hires 84,800 90,000Staff Salaries—2016-2017StaffTotal Admin. SalariesFringe BenefitsLongevity 224,322106,5364,740Total 335,59820
Staff – January 20178 Full-Time Positions 1-Assistant to the Dean 2-Administrative Assistants 3-Secretary 1-Academic Advisor Coordinator 1-Academic Advisor 1-Part-Time Academic AdvisorDillard Endowment Minimum Allowable Balance Per Agreement 5,000,000 Approved Distributions from Dillard Endowment– 2012-2013 Academic Year 157,803– 2013-2014 Academic Year 217,000– 2014-2015 Academic Year 292,000*– 2015-2016 Academic Year 241,000– 2016-2017 Academic Year 178,000– 2017-2018 Academic Year 178,000***Distribution reduced to 205,000 because salaries requested were not usedbecause faculty not hired.**Proposed distribution. Dillard Endowment Fixed Expenditures for 2016-2017(Projected)– Salary adjustments and benefits – Salary supplement and benefits for new hire– Dillard AACSB expenditures Total 16,40053,50020,00089,90021
AACSB Accreditation Costs Faculty Salaries and Teaching Loads (Higher Service and ICs) Annual Direct Costs (Paid out of Dillard Endowment)––––AACSB annual duesStudent testing for assurance of learningSedonaTracking graduates 8,4005,2552,5001,785 Total (for a non-AACSB visit year—Projected for 2016-2017) 17,940 Other Direct AACSB Costs (Projected for 2016-2017 Academic Year)*– Dean Conference and Travel– Faculty and Attending AACSB Conferences and Training (one year) 7,50012,000*Although not all paid out of Dillard Endowment during 2016-2017academic year, some may have to be depending on amount of facultytravel to present papers at conferences.Dillard Trust Distribution2016-2017Dillard AACSB ( 30,000)9%Faculty Development ( 30,000)17%Student Support/Test Administration( 30,000)30%17%Internationalize DCOBA ( 18,100)10%17%Salary Support for Assistant AccountingProf. ( 53,500)Salary and Benefit Adjustment( 16,400)22
Dillard Trust Distribution2017-2018Dillard AACSB ( 25,000)Faculty Development ( 25,000)14%Student Support/Test Administration( 25,000)31%14%Internationalize DCOBA ( 23,800)14%9%5%13%Marketing and/or New Dean Initiative( 8,000)Salary and Benefit Adjustment( 16,700)Salary Support for Assistant AccountingProf. ( 54,500)Dillard EndowmentBalance—August 31, 2016Asset ClassCash & EquivalentsFixed Income SecuritiesEquitiesMiscellaneous AssetsTotal AccountMarket Value 62,4231,253,3194,440,225154,458 5,910,42523
Stock Market Considerations Stock Market (New York Stock Exchange)– Stock market goes up over long-term– Market declined 10% or more 54 times since 1900 About once every two years on average– Source: The Armchair Millionaire by Lewis Schiff and Douglas Gerlich (Atria Books, February 2002),pages 15-16Dow Jones Industrial Average– A cyclical bear market occurs on average every few years. The bottom of the2008-2009 bear market signaled the end of the 33rd 20 percent-or-greaterdecline in the market since 1900.– Of the 33 primary bear markets to date, the average length was about eightmonths, with a range of just a couple of months to almost two years. Theaverage bear market decline was 34 percent, and more than one-third of thehistorical bear markets dropped by more than 40 percent. The stock marketcrash of 1929 to 1932 was the biggest decline, with the market losing almost90 percent of its value. Secular bear markets have averaged five years inlength, with an average decline of 54 percent. The longest secular bear marketto date took nine years to run its course.Source: Zacks website article, “What is Bear Market in Stock ock-market-5670.html)Dillard EndowmentOverly Simplistic Stress TestAsset ClassCash & EquivalentsMarket Value62,423Decline in Equities20 Percent34 Percent62,42362,423Fixed Income llaneous ,0145,910,4255,262,9364,641,305Total Account24
Instructional Enhancement FeesIEF Fees Per Credit Hour (as of Spring 2017) Gunn College of Health Sciences and Human Services 23College of Science and Mathematics18West College of Education16Fain College of Fine Arts15Dillard College of Business Administration14Prothro-Yeager College of Humanities and Social Sciences 11Dillard College CentersDillard Center for Energy Management– Director: Dr. Jeff Stambaugh– M&O for FY 2017-- 40,000Munir Abdul Lalani Center for Entrepreneurship and Free Enterprise IdeaWF and IdeaMSU Angel Investors– Director: Dr. Scott Manley– M&O for FY 2017-- 8,964Mamie Raborn Center for Economic Education– Director: Dr. James Owen– M&O for FY 2017- 14,97125
Dillard College CentersSmall Business Development Center (SBDC)The SBDC provides business counseling, technical assistance, trainingworkshops, and business plan development for small businesses in a 13county area. It strives to promote growth, expansion, innovation,increased productivity and improved management for small business.– Director: Vanda WrightTotal Staff SalariesFringe BenefitsNon-Student WagesLongevityMaintenance and Operations 205,31465,89534,4645,7615,520Total Small Business Development Center 316,954Dillard College CentersBureau of Business and Government Research– The Bureau of Business and Government Research (BBGR) atMidwestern State University is a member of the nationwideAssociation for University and Economic Research. The BBGRpublishes a semi-annual online Wichita Falls Regional EconomicOutlook Report and the Midwestern Business Economic Reviewtwice yearly.– Director: Dr. Agim Kukeli No university budget funds used for the BBGR.26
Fund Raising Efforts Monthly Newspaper Article ( 500 a month)Bureau of Business and Government Research Projects?IdeaWFIdeaMSUEtiquette Dinner ( 3,520 in 2016-2017)Dillard College Business Advisory BoardDillard College Donor Appreciation Event (Spring 2016)IdeaWFSponsorsBYSP ArchitectsMcDonalds ofWichita Fallsi.d.e.a.WF 2016 In-Kind DonorsDesignWorks GroupFreemon, Shapard & StoryGII Ad GroupHoegger CommunicationsJohn M. LaneMWH GroupSherrill & GibsonVenture HROWeb FireCommunicationsWelch, Sanders &AssociatesCash prizes provided by the City ofWichita Falls through the 4A program.www.ideawf.com27
IdeaWFInvestorsA-Perm-O-GreenAlliance PowerAmerican National BankCobra Oil & GasDonnell FoundationEagle Oil & GasF. G. HaggertyFidelity BankFirst BankFirst National Bank of WFFour Stars Auto RanchGunn OilHelpSource ManagementIndustrial OutsourcingJames Lane HVACJerry’s Sporting GoodsLalani LodgingLyne Energy PartnersMidwest DentalPatterson Auto GroupPeyton S. Carnes, Jr.Production Machine &ToolProthro Blair FinancialSharp Iron GroupWells Fargo BankWestern Supplieswww.ideawf.comCost Efficiency Efforts SA/SP/IP/PA Standards and Mix of Faculty– Wise use of “other faculty” for university core and other classes as numberspermit– Increased use of adjuncts in some areas Centers Directors moved from 2/2 to 3/2 teaching loads Reduced AACSB Assurance of Learning chair and Sedona coordinator courseload reduction from 2 courses per semester to 1 course per semester Strategic Plan– Monitored to make sure initiatives are prioritized and used within limits of financial resources28
Cost Efficiency Efforts Efficient and Cost Effective Approach to Core Requirements– Professional Writing for Business Course (Fall 2017) Offered by English Department– Electives outside the College Approach costs Dillard College some credit hour production, but approach should be cost effective foruniversity. Maximize Class Sizes– Core Classes– Offer fewer sections– Carefully look at electives– Carefully look at course 16Fall 2016YR Avg ENRYR Avg ENRYR Avg ENR# of CoursesAvg ENR10.731.810.733.09.631.3108311.032.6Cost Efficiency Efforts Energy Management MBA Concentration– Donated use of industry software/data by DrillingInfo ( 100,000)– Donated registration by conference sponsors for MBA students to attend 2016Hart Energy Capital Conference ( 795 x 10 7,950) Two Year Course Plan– Better course sequencing increases class sizes and helps students plan Streamlined Assurance of Learning Process Internationalization of College– Internal approach funded through Dillard Endowment Internal Development of Internship Module– Annual savings of 3,000 per year29
Improvement Ideas Advising Department working with North Central Texas College (NCTC) &Vernon College MBA Program– Current Status Added BUAD 5006– Fall 2016—9 students– Spring 2017—7 students Energy Concentration began Fall 2015Accounting Concentration began Fall 2015Potential Healthcare Concentration in futureAll online courses to complete MBA have been taught– Six students in Spring 2017 are taking MBA completely online Working with Gayonne Beavers To Recruit BBA Students– Meet at high school college fairs and students at Eaton High SchoolImprovement Ideas Adding Relevant Curriculum (without additional line items)– New marketing professor to teach internet related marketing– Adding big data/data analytic courses to MIS program Considering Addition of Certificate Programs– SAS– Entrepreneurship30
Dillard College Challenges Need to Track Dillard College Graduates Staff Support—AACSB Coordinator/Assistant or Associate Dean Technology SupportTechnology Support Classroom Utilization Classroom Technology (Crestron) Replacement Costs31
Classroom UtilizationClassroom UsersFall 2016Spring 2017DCOBA Classes7678Non-DCOBA Classes3743IELI/SI21*Classrooms are used regularly for events—especially DB 101, DB189, and the Priddy Conference Room.Classroom Technology (Crestron)Replacement CostsDillard BreakdownSingle Proj. Subsequent163,900Single Proj. First16,500Dual Proj. Subsequent134,900Dual Proj. First18,500Dillard 101 Custom27,200APs13,000Podium Switch3,400Proj. Mounts2,600Document Cameras53,000Podium Monitors5,000Dillard Total438,000Estimates Provided by: Information Technology Department, 01/23/1532
Technology Plan Master Plan Rotating Replacement Schedule with IT33
Salary Year Faculty Salary not at 25% Faculty Salary at 25% 2016-17 17 10 2015-16 12 16 2012-13 24 4 Comparison is current year salary to previous year AACSB Salary 25 th Percentile Salary Amounts for public accredited colleges. Thus, our comparison of 2016-2017 Dillard College salaries is to 2015-2016 AACSB
The Dillard Law Firm — 1998 - Present Ms. Dillard practiced as a solo practitioner in Houston, and later in Brownsville. She has continued to represent clients on commercial real estate matters. Dillard & Ray, Houston, Texas — 1987 - 1998 Founded law firm catering to clients in the real estate industry. Ms. Dillard’s clients included
1,300,000 sf Dillard’s, Macy’s, Nordstrom, Sears 7 miles / 8 minutes SanTan Village Gilbert, AZ 1,100,000 sf Dillard’s, Macy’s 18 miles / 22 minutes Fiesta Mall Mesa, AZ 1,037,000 sf Dillard’s Clearance Center, Sears 18 miles / 22 minutes Scottsdale Fashion Square Scottsdale, AZ 1,800,000 sf Dillard’s, Macy’s, Neiman Marcus,
Dillard’s Macy’s JCPenney Sears Oak Court Simon Property Group 849,000 330 / SF Dillard’s Macy’s Carriage Crossing Poag 712,000 300 / SF Dillard’s Macy’s Southaven Towne Center CBL 810,814 330 / SF Dillard’s JCPenney
THE DILLARD CASES AND GRASSROOTS BLACK POLITICAL POWER.DOCX (DO NOT DELETE) 5/24/2016 8:10 PM 2016] THE DILLARD CASES 311 black voting age population of 22.7% in the state. Alabama may be the only state in the nation today that can make that claim. By 2010, when the last Dillard cases were dismissed, there were 757 black local elected officials.11 In the legislature there were twen-
Dillard’s, Macy’s 11 miles / 17 minutes Eastridge Shopping Place Gastonia, NC 876,000 sf Belk, Dillard’s, JCPenney, Sears 16 miles / 20 minutes Northlake Mall Charlotte, NC 1,071,000 sf Dick’s Sporting Goods, Dillard’s, Macy’s, Pottery Barn 17 miles / 19 minutes OUTLET SHOPPING
The Shops at Wiregrass Wesley Chapel, FL 1,000,000 sf Dillard’s, JCPenney, Macy’s 3 miles / 5 minutes University Mall Tampa, FL 1,310,000 sf Dillard’s, JCPenney, Macy’s, Sears 14 miles / 16 minutes Citrus Park Town Center Citrus Park, FL 1,100,000 sf Dillard’s, JCPenney, Macy’s, Sears 17 miles / 25 minutes Brandon Town Center .
Chandler Fashion Center Chandler, AZ 1,300,000 sf Dillard’s, Macy’s, Nordstrom, Sears 7 miles / 8 minutes SanTan Village Gilbert, AZ 1,100,000 sf Dillard’s, Macy’s 18 miles / 22 minutes Fiesta Mall Mesa, AZ 1,037,000 sf Dillard’s Clearance Center, Sears 18 miles / 22 minutes Scottsdale Fashion Square Scottsdale, AZ 1,800,000 sf
shoppers, with fairly priced merchandise complemented by exceptional customer service. Dillard’s stores offer a broad selection of merchandise, including products sourced and marketed under Dillard’s private-brand names. The Company comprises 333 stores, spanning 29 states, all
