December 5, 2013

Report to Faculty Senate

• Merger with NYU-Poly will be completed by January 1, 2014

• NYU-Poly NYU Polytechnic School of Engineering

• What assets will it bring?• What opportunities does it create?• What risks will it entail?• How does it compare with NYU on a few

measures?

• These questions have been looked at very carefully at various levels (from academic programs to real estate)

• Poly has made tremendous progress: a testament to both NYU and Poly

• Will present a summary

Physical assets of NYU-Poly

X

2

• total floor space

» 800,000 sq. ft. (gross)

• some owned and some leased;

• some in excellent shape; some needs significant work

smallpark

Jay StMetroTech

XMAGNETCUSP

Dibner

3

433 First AvenueNursing, Dentistry and Bioengineering

Students of NYU-Poly UG: 2100MS: 2800 Ph.D: 350

» 5250» 13% of NYU’s

Undergraduates: Within NYU, for 2013SAT (median): 1340/1600

3rd in Quantitative7th in Verbal

First-year retention 88%

2013 enrollmentWomen 26%52% Pell Grant eligible;40.5% first-in-the-family-to-go-to-college;18% from disadvantaged minorities

In his 1931 book "The Epic of America," Adams described "that dream of a land in which life should be better and richer and fuller for everyone, with

opportunity for each according to ability or

achievement"

The American Dream

Approximate GRE scores

Institution Verbal Quantitative Total

NYU-Poly 150 162* 312

Johns Hopkins 155 164 319

Princeton 159 163 322

Rice 155 164 321

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*Some programs (e.g., FRE) are particularly strong in quantitative scores.

2010 2011 2012 2013

Applications 4389 4873 5437 6211

Admits 2909 3077 3204 3241

Selectivity 71.4% 70.4% 62.6% 56.3%

Yield 30.1% 34.1% 37.0% 41.3%

Enrolled (new) 948 872 1015 1041

Number of Ph.D. degrees awardedhas been between 25 and 40 a yearover these years.

NYU-Poly faculty• About 94 T-TT faculty (~16% of FAS)

(~60 in engineering disciplines)• About 70 contract faculty (~16% of FAS)• ~200 adjuncts (unknown fraction of FAS) Faculty honors since November 2012: some 23 awards

and honors (typically Medals and Fellowships of Professional Societies, Career Awards, Election to Academies, etc)

Engaged in dozens of outreach activities (e.g., STEM Education, Cybersecurity, Entrepreneurship, Media, Games, etc) which are well recognized in serious media and professional communities

Research Expenditures FY08 – FY13

$M

Research expenditures for Washington Square is about 151M for 2012

Poly’s ≈ 13-15% of Square’s

Strong connectivity to NYU

Ellen Schall

NYU-Poly Incubators(among top 10 in the country, according to the Worth magazine)

According to the economic impact study made by Dr. Jill Kickul at Stern and supporting members from Harley & Co., the NYU-Poly incubators:

• Have had an economic impact of $251.2 million; by 2015, the impact is projected to be $719.8 million

• Have created 900 jobs; by 2015 they will have created nearly 2,600 jobs

• 35 companies have graduated to larger spaces in New York; 5 have been acquired by larger entities for more than $50 million

• Former and current members contributed roughly $31.4 million in tax revenue from ‘09 to ‘12

• The average graduate of NYU-Poly incubator makes $72,230

(NYU-Poly $56,800; NYU $48,700; Harvard $50,700)

• Presently, 2 locations, a third is being created at MetroTech.• 59 current tenants and 35 graduates (last year’s data)

Nov 12, 2013 9

3

($8.6)

($13.0)

($14.5)

$2.0 $2.2 $2.6

$4.2

$8.0

($16.0)

($14.0)

($12.0)

($10.0)

($8.0)

($6.0)

($4.0)

($2.0)

$0.0

$2.0

$4.0

$6.0

$8.0

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013* 2014*

Dolla

rs ( in

Milli

ons)

Operating Budget Results

$1.0 million for Branding\Marketing

Poly’s financial standing

Operating budget (2013): $162M

Some institutional rankings

#2 among the Best U.S. Non-HBCU Schools for Minorities (2013 Diverse: Issues in Higher Education)

#3 in “return on investment” among all four-year institutions in the country (2013 PayScale) --- the best in the City; starting at $56,800; mid-career $117,000

#9 in graduate online programs (2012 US News) #12 in Video Game Design (2013 Princeton Review) #13 in the engineering masters degrees awarded (largest in

NYC) Among top 10 incubators in the country (2012 Worth

Magazine) Among top 10 Innovative Schools (2012 Computerworld) Some excerpts from Middle State Accreditation report:

The succinctness and clarity of the mission deserve praise. The campus is permeated by a sense of opportunity and optimism The meaningful involvement of all constituent groups … is noteworthy.

Nov 12, 2013 11

Nov 12, 2013 12

Biggest challenge aheadTransition from “reasonably

good in a number measures” to “excellent good in most”

Graduate ranking #57 (2013 US News) Jumped 10 places in one year Jumped 25 places in institutional

ranking Finances are largely tuition-based

(even more than NYU) Plans do exist to change this

US News: “Up 25 were the Polytechnic Institute of New York University and the University of Massachusetts at Lowell”

• Washington State University, Pullman

• State University of New York, Albany• University of Illinois, Chicago• Kansas State University• Louisiana State University• Arizona State University• George Mason University• Howard University• Rutgers University• Oregon State University• Mississippi State University• Oklahoma State University• New Jersey Institute of Technology• University of Texas, Dallas

2012 profile

Tuition & Fees

129835.152372

07580%

Gifts & Pledges

* $1,750

1%

En-dow-ment Distri-bution3092.51150142

0922%

Re-search (Indi-rect & Direct)1840011%

Dorms $5,825

4%

E-PolyEnterprise learning

$2,974 2%

FY 2013 Revenue = $161,877M

Emphasizes why there is much deliberation about the admissions process

*Includes only unrestricted gifts; the total amount raised is about $6.2M.Poly’s endowment is about $115M. Intellectual property income ≈10% of NYU’s.

Nov 12, 2013 13

Category NYU-Poly NYU Brown HarvardTuition 80 69.6 43.4 20Dorms 4 10 ??? ???Research 11 4 20.2 18Endowment 2 4 13.6 32Gifts 1.1 5 5.5 7Other 2 7.4 14.9 23

Final Remarks• Threads of NYU’s Engineering have survived in Poly since 1973,

and its merger with NYU brings Engineering back.• We will also inherit much that is Poly’s own engineering and its

history.• Poly’s history has been extraordinary great history, especially in

innovation and technological applications but had fallen on hard times in recent years.

• It has made a marvelous recovery in the last few (joint efforts of NYU and Poly), has enormous potential and can be a great asset for NYU as a whole.

• We have just begun. The School of Engineering needs considerable work (leadership, money and morale), and a balanced adjustment to the changing scene in higher education

• Coming from behind frees up your imagination: Let’s remember how Toyota topped over all of Detroit.

Thank you