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Simon Business School
Simon Business School enters the next chapter of its evolution in a position of strength. In 2021, we were recognized by U.S. News & World Report as the #1 Most Diverse Top-50 MBA Program. Our student diversity also helped us earn the #25 spot in the Bloomberg Business Week 2021 Full Time MBA ranking. We are distinguished by our innovative programming, deep understanding of markets, policy, analytics, and we lead in finance and learning as evidenced by our #4 ranking in 2021.
In order to grow, we cannot rest. Preparing students for the future of business requires us to be forward-thinking; we must be innovative, inclusive, agile, and sustainable. Simon 2025 is our roadmap to maximizing Simon’s impact on the future of business. It includes fundamental goals for the School, a clear roadmap, and a plan to allocate resources and track our progress.
BUILT ON THESE 4 PILLARS
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Simon has been a research and education leader with its rigorous and data-driven approaches to economic and business problems, and it was the first business school to offer a STEM MBA.
Simon 2025 aims to strengthen our traditional areas of expertise, develop new strengths, and increase our faculty diversity by hiring additional tenure-track faculty. We will build research activity at the intersection of business and policy (e.g. antitrust, regulation, ESG, healthcare policy, etc.). We will continue creating knowledge, content, programs, connections, and opportunities to be the destination of choice for researchers, learners, alumni, educators, recruiters, corporations, and practitioners wishing to lead in an increasingly tech-enabled, analytics and data-driven, global, and diverse business and research environment.
We will also continue to empower our talented clinical faculty to develop our world-class programs so that our reputation as business educators grows. The next few years will also see Simon harness the power of marketing to expand the reach of our intellectual capital and shine a greater spotlight on our undergraduate business program.
Creating knowledge, content, programs, connections, and opportunities in order to be the destination of choice for researchers, learners, alumni, educators, recruiters, corporations, and practitioners looking for rigorous, STEM, analytics, and data-driven approaches to economic and business problems.
Hire tenure track faculty to strengthen our traditional areas and to develop new strengths and increase our diversity.
Enhance and build research activity at the intersection of business and policy (antitrust, regulation, ESG, healthcare policy, etc.)
Continue to hire and empower talented clinical faculty to support and develop our world-class programs, to contribute to our reputation as educators of business leaders, and to increase our diversity.
Harness the power of marketing to expand the reach of our research and intellectual capital.
Increase the reputation, recognition of UG program
Operating & reserve funds to hire faculty
Revitalization of Bradley Policy Center
Creation of two rotating Dean’s Faculty Development chairs
Faculty Mentorship/Media Awards
Simon Marketing resources to promote faculty pages, build research collateral and content for social media campaigns, enhance national/international media exposure
New marketing/outreach plan and enhanced outcome tracking for the undergraduate business program
Growth for Simon 2025 means building flexible and accessible programs for part-time and professional students through new modalities, technology-enabled teaching, and redesigned in-person and experiential opportunities. It also means collaborating with schools and programs at the University of Rochester, including the Economics, Political Science, and Computer Science departments, the Warner School, the School of Medicine and Dentistry, the Medical Center, and the Goergen Institute for Data Science. We will also strengthen our external partnerships, connecting with national and international business and academic partners to enhance interdisciplinary research and educational portfolios, increase their impact, grow our reputation, and attract new students to Simon.
A successful presence in the online education space is critical in a world where business is done digitally and flexibility is highly desired. We will continue developing new professional online programs, adding to our new Online MS in Business Analytics for Managers program, to ensure business professionals can acquire the skills they need from a top business school without interrupting their career.
Innovation isn’t just about what we teach; it’s in how we teach it. We will expand our rigorous experiential opportunities complementing our curriculum and offer additional internships and career preparation opportunities for all students.
Our partnerships within the University of Rochester’s Arts, Sciences, and Engineering School enhance our STEM-designated undergraduate business program and expose students to business fundamentals. Because research is a hallmark of our identity, we will establish a Business Research Initiative for undergraduate business students. We will also put increased effort behind building global corporate partnerships to bring the science of business and the practice of business together and to provide even richer experiential learning and employment opportunities for our undergraduate students.
Growth with new programs: Building flexible and accessible programs for part-time and professional students through new modalities, technology-enabled teaching and redesigned in-person and experiential opportunities.
Growth with partners: Collaborating with UR (e.g., Economics, Political Science, Computer Science, Warner School, School of Medicine and Dentistry, UR Medical Center, Goergen Institute for Data Science) and with national and international business and academic partners to enhance interdisciplinary research and educational portfolios, impact, reputation and student pipelines.
Successful presence in online space
Redesign and expansion of professional student programs
Expanded, rigorous experiential opportunities to complement curriculum, internships and career prep
Expand our partnerships in AS&E to increase UG exposure to business fundamentals
Establish a Business Research Initiative for UG business students.
Increase global corporate partnerships
Launch of Online MS in Business Analytics for Managers
Redesign of Executive MBA, Master’s in Medical Management
Short form programs at the intersection of healthcare/business Educational Innovation Awards
New experiential learning structure and support
Venture Fund & Incubator with SMD/URMC
Gift supporting undergraduate research
Enhanced China engagement strategy
New Corporate Engagement Plan focusing on Consulting and Investment Banking
Hands-on learning and an innovation mindset are critical pieces of the Simon experience and a vital element in equipping students for professional success. We are developing a structure to deliver more robust experiential learning opportunities to support entrepreneurial and innovative activities through project classes, capstones, venture funds, accelerators, and incubators, in collaboration with the University of Rochester, our local community, and industry partners.
Simon 2025 also sees recruiting and retaining top talent—students, faculty, and staff – as essential to Simon’s future and our students and faculty’s success. Since Simon students remain part of the Simon community for life, we are creating life-long value for alumni by offering enhanced learning opportunities by engaging with and supporting our Rochester community.
Developing a structure to deliver robust experiential learning opportunities and support entrepreneurial and innovation activities through project classes, capstones, venture funds, accelerators, and incubators, in collaboration with UR, community, and industry partners.
Recruit and retain top talent— students, faculty and staff
Create life-long value for alumni, including enhanced opportunities for learning
Engage with and provide support to our Rochester community
New staff professional training and development plan
Online course offerings for alumni
Simon Proud events featuring faculty and alumni content experts
Simon Connects: industry-based LinkedIn networks and event series
Opportunity and Access is critical to the Simon 2025 plan. We are increasing opportunity and access by 1) maintaining student diversity and enhancing staff, faculty, and volunteer diversity; 2) equipping our students to build, lead and thrive in global, diverse, and inclusive workplaces; 3) delivering personalized, flexible programs and support for student success and outcomes; 4) increasing community projects and involvement; and 5) strengthening networking opportunities and corporate relationships.
Success in this area will be driven by the implementation of our Equity, Diversity, and Inclusion Action Plan by continuing to provide financial assistance to our students, developing a robust Corporate Engagement Plan, and by catalyzing connections across all of our stakeholders.
Increasing opportunity and access by a) maintaining student diversity and enhancing staff, faculty, and volunteer diversity; b) equipping our students to build, lead and thrive in global, diverse, and inclusive workplaces; c) delivering personalized, flexible programs and support for student success and outcomes; d) increasing community projects and involvement, and e) strengthening networking opportunities and corporate relations.
We have identified a core set of key initiatives and goals, along with the resources and key drivers necessary to achieve these goals, as shown in the table below. Many of the goals support multiple impact areas, but are listed mostly in one area for brevity.
Maintain student diversity, and enhance staff, faculty, and volunteer diversity
Execution of EDI Action Plan
Increase MBA starting salaries and outcomes in top industries (Consulting, technology, financial services, healthcare and consumer packaged goods)
Enhance MBA and MS student data collection procedures
Enhanced Scholarship Support
Women’s Alliance scholarship funding
Educational Diversity Funds for:
Certified MBA Career Coach Program for advisors
New employment outcomes and data analytics platform
Simon 2025 is OUR plan—one that takes students, staff, faculty, alumni, and key partners into consideration, and empowers us to connect, collaborate, and support one another as we work to execute on these goals. Together we will track progress, hold ourselves and each other accountable, and respond quickly when necessary.
Welcome to Simon 2025. Come, grow with us. To view our strategic plan in its entirety, including key resources and drivers, information on financial investments, the role of rankings, and the dashboard and KPIs we’ll use to measure our success, download the PDF.
Though these goals require focused work and dedication in the years ahead, we are proud to launch Simon 2025 from a position of strength and with significant momentum. We are also proud of the collaboration and unity with which this new journey begins.
Take a closer look at how Simon’s 2025 strategic plan was developed by downloading the PDF. You’ll learn more about Dean Yeltekin’s four working groups, which are comprised of over 75 faculty and staff members, and how they came to identify the pillars outlined above; learn more about the planning survey that connected the teams with faculty, staff, students, and alumni, and how the process turned working drafts into the strategic plan before you today.
Our alumni, donors, and friends are critical to our success. There are many ways to get involved and support Simon 2025. Attend an event in your city. Connect a Simon graduate with your professional network. Make a gift to support student scholarships or faculty research. Interested in learning how you can make a difference for Simon Business School? Contact Courtney Skinner, Executive Director of Advancement to learn more.
Our faculty are asking bold questions and launching ambitious, moonshot projects. Donors can support ground-breaking research through endowed funds, investing in emerging technologies, and sustaining our faculty with awards and prizes that can be used immediately.
At Simon Business School at the University of Rochester, we have the opportunity to collaborate with partners across campus and around the world. Donors can help bring expert voices to campus by sponsoring practitioners-in-residence, visiting faculty lectureships, and one-time seminars. Donors can support emerging leaders and aspiring young faculty through fellowships and funding for post-doctoral research initiatives.
Amplifying rigorous classroom instruction through hands-on learning opportunities helps improve the Simon student experience. Case competitions, project-based courses, primary research, and career treks are just a few of the ways our donors can support curricular innovation.
Scholarships remain one of the best ways to attract and retain the most talented and diverse students. Endowed scholarships provide perpetual support while current use funds can be distributed immediately to help students with urgent needs.