The UCLA Academic Senate on Thursday approved a proposal to convert the Anderson School of Management M.B.A. program to a self-supporting institution.
The 53-46 vote is a major step towards freeing the Anderson M.B.A. program from continued cuts in state funding. The Anderson School would give up $8.8 million a year in state funding, but would be free to pursue funding from private foundations and other sources in addition to existing student tuition and fees.
“Our proposal is a response to the urgent need to find solutions to campus-wide financial challenges,” said Judy Olian, dean of Anderson.
The proposal next goes to the University of California system-wide Academic Senate and then to UC President Mark Yudof, who has the final say.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- UC President OKs UCLA Anderson Self-Sufficiency Plan
- UCLA Business School Plan May Get a Rewrite
- UCLA Anderson to Become More Self-Sufficient
- Business School To Work Alumni
- $25 Million Gift Puts Fundraising Goal in Reach
- Tuition Hikes Casting Cloud Over Future of Anderson's Affordability
- M.B.A.s Fade Slightly Into Business Background
- Demand Up for M.S. Degrees