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Each college within Central Michigan University has seen a decline in student credit hours this year as a result of freshman enrollment figures dropping significantly.
Among colleges taking the biggest hit is the College of Humanities and Social and Behavioral Sciences, which saw the largest decline in student credit hours from last year.
“Given that the CHSBS is responsible for two competency courses in English and a significant number of University Program courses, it is reasonable that we would feel the impact in the drop in freshman enrollment,” Dean Pamela Gates said.
Following a decline in enrollment this year, the College of Business Administration is predicting a $789,719 drop in revenue, according to a comparison of the 2012-13 and 2013-14 operating budget summaries.
CBA’s total revenue decreased by 1.68 percent this year from 2012-13’s total of $47 million to this year’s $46.2 million.
Dean of CBA Charles Crespy said the decline was predicted, and the college that teaches introductory business courses for freshmen might be offering fewer sections in the future.
“We’re planning in the long run for what might be a smaller college,” Crespy said.
The Board of Trustees was presented Wednesday with a draft of a capital plan that would, if approved, have the university spend $400 million over 10 years on 18 different projects.
The 10-year capital plan, part of the campus master plan, was presented at the Finance and Facilities Committee meeting ahead of Thursday's Board of Trustees meeting at the Bovee University Center.
It calls for spending $64 million on new undergraduate housing to replace aging north campus residence halls and $70 million on a College of Business administrative building, among other projects.
The trustees did not vote on the plan, but Associate Vice President of Facilities Management Steve Lawrence said a final report will be presented to University President George Ross in August, and a final plan will be presented to the board in September.
Lawrence said the 18 projects were narrowed down from an initial plan of over 200 before being cut down to 43 projects that would cost a total of $700 million.
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Central Michigan University's current and former employees pledged $892,503 for the 2012 Annual University Campaign, the third-highest total donation in school history.
The College of Business Administration was the recipient of two of the seven AUC awards last week during the campaign luncheon.
CBA pledged the most money by a college with more than 100 employees at $150,787 and received the highest participation by a college of the same size with 50-percent participation.
“I think what (the awards) really say is we’re pretty invested in our efforts here in the College of Business and across campus,” said Sandy Sommer, director of development for the CBA.
Iron Mountain junior Krista Testolin was searching for a minor last year that would complement her environmental policy and biology majors.
She saw a flier in the Engineering and Technology building about a new International Business and Sustainable Development minor and was intrigued by what it had to offer.
“I really wanted to learn more of the business side of things and thought it could really be beneficial,” Testolin said.
Central Michigan University students are the first choice to fill many jobs at General Motors Co.
CMU is the primary university contact for employment at GM, and Brian Partie Jr., associate director of career services at CMU, said it's because CMU offers business students an aspect of training that many other universities don't.
"The relationship started in 2012," Partie said.
The drive from Central Michigan University to the Grand Traverse Resort and Spa in Traverse City every weekend is coming to an end for Dewitt senior Taylor McManus.
McManus, a hospitality major and professional sales minor, is graduating in May.
As the university celebrates its 120th anniversary, the students, faculty and staff of Central Michigan University should be both proud of, and grateful for, the decisions made by previous generations of Chippewas.
We should be grateful to those with the courage and vision to transform our institution from Central Michigan Normal School and Business College (1892) to (sequentially): Central State Teachers College (1927); Central Michigan College of Education (1941); Central Michigan College (1955) and Central Michigan University (1959), which today is considered a national doctoral institution.
Today, the university is in the process of another major transformation as it prepares to become a major player in the most dynamic, fastest growing, and arguably most important industry in the world: health care.
This has been, as one might expect, a challenging and contentious transformation.
Thirty teams of potential entrepreneurs will face off at Central Michigan University’s College of Business and the Isabella County Bank’s second New Venture Competition Friday.
The all-day competition offers the chance for the best student entrepreneurial business ideas to win up to $55,000 in start-up funds.
Central Michigan University's economics department has become the 19th unit on campus to endorse the Academic Senate's Dec.
Samuel A. Spralls III has reached more than just a milestone in his career.
The PhD Project announced March 5 that Spralls has been promoted to associate professor with tenure at Central Michigan University.
“He has demonstrated dedication, hard work and intelligence in joining the rapidly growing ranks of minorities choosing to influence the next generation of business leaders as college professors,” said Bernard Milano, PhD Project president.
Alberto Albanelli, Michael Birach and Jordan Woodcock had only 72 hours to come up with a real estate developmental plan.
The three students are a part of Central Michigan University’s Real Estate Development and Finance program within the finance and law departments in the College of Business Administration.
Editor’s note: This is the second story in a series about Academic Prioritization.
The College of Business Administration ranked as an overall favorable program in preliminary Academic Prioritization released Thursday.
Karl Smart, business information systems chairman, said the data was collected by forms filled out by the faculty and deans.
Dow Chemical Company increased the amount of the Dow/SAP Award of Excellence to $4,500 annually, an increase of $1,500.
This means more opportunities for students studying business.
Three students have received the scholarship this year, each awarded $750, instead of the $500 last year.
Midland graduate student Matt Hock, one of the recipients, said Dow's presence can certainly be seen within courses.
"Their guidance can be seen from the guest speakers who visit the classroom to how classes are taught," Hock said.
Central Michigan University's College of Business Administration is one of the top 294 business schools in the world according to the Princeton Review.
The rankings, published in “The Best 294 Business Schools, 2012 Edition,” were based on more than 19,000 student interviews conducted by the Princeton Review.
Charles Crespy, CBA dean, said the students’ positive ratings had to do with how much they enjoyed the college experience and how much they gained from it.
“What separates us (from other schools) is faculty attention to students,” Crespy said.
Rick Barz swung the first hammer in construction of the new Isabella Bank Institute for Entrepreneurship Friday afternoon.
Isabella Bank recently made a $500,000 donation to the College of Business Administration.
Students upset about the closing of Grawn's computer lab should be pleased to know that a state of the art classroom is on schedule to be completed.
The new area will include subsections of breakout rooms for smaller teamwork sessions and should be completed by the start of second semester.
"There's never enough state money to do exactly what you want, but we've received a very generous $500,000 gift from the Isabella Bank, which launched the whole thing," said Charles Crespy, College of Business Administration dean.
He said the new technology will bring a level of sophistication currently unavailable elsewhere in the college.
"Right now, for example, say you're in a negotiating class.
Some students in the College of Business Administration are not pleased with the closing of the Grawn computer lab and the relocation to Ronan Hall.
The outside of the closed Grawn computer lab directs students to a new lab, located in the basement of Ronan Hall.
The university’s alleged position table is a “regression” and “insult” for faculty members contracts, faculty members said at demonstrations today.
The university reportedly offered a pay freeze for all faculty, a 15- to 20-percent reduction in health contributions and removal of department chairs, coaches and librarians from the Faculty Association.