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Financial Executives International Dr. James R. Ramsey President, University of Louisville

Financial Executives International Dr. James R. Ramsey President, University of Louisville. November 19, 2013. Thank You, Price Cooper. 2. Some Dots and a Triangle. 3. “A Little History”. Some important milestones in the life of UofL 1798 1837 1846 1970 “1997” 2013. 4.

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Financial Executives International Dr. James R. Ramsey President, University of Louisville

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  1. Financial Executives International Dr. James R. Ramsey President, University of Louisville November 19, 2013

  2. Thank You, Price Cooper 2

  3. Some Dots and a Triangle 3

  4. “A Little History” • Some important milestones in the life of UofL • 1798 • 1837 • 1846 • 1970 • “1997” • 2013 4

  5. A Watershed Event • The 1997 Mandate! “UofL is to be a Premier Nationally Recognized Metropolitan Research University” • (HBI – Postsecondary Education Reform Act of 1997) 5

  6. Our Trajectory – Pretty “Damn” Amazing Extraordinary Achievements 6

  7. Trajectory video 7

  8. We Are On The Right Trajectory • The 2020 Plan • Roadmap • Goals • Strategies • Tactics • Business Plan • But challenges are many 8

  9. Our Fiscal Environment Has Been A Challenge—The National Recession/Slow Recovery 9

  10. We Know That Nationally Times Have Been unprecedented... 11 Post WWII recessions • *Lowest level during the current recession. The next two quarters (2009: III and IV) have been positive. • http://books.google.com/books?id=g-L0iLH5u34C&pg=PA408&lpg=PA408&dq=Real+GDP+November+1948&source=bl&ots=1eT_Am6PKI&sig=hkYMPbaa6BWiE92o-tg8Z8DPBI4&hl=en&sa=X&ei=2gEJUrDyE-Hg2AX384DYDQ&ved=0CDcQ6AEwAQ#v=onepage&q=Real%20GDP%20November%201948&f=false 10

  11. Just When You Thought Recovery Was Taking Hold • 2011 “Black Swans” • Tsunamis/Nuclear MeltdownJapan • Civic unrest Tunisia/Egypt/Libya/Yemen/etc. • Europe Economic Meltdown Greece/Spain/etc. • 2012 • “Sandy” • Sequestration • 2013 • And now shutdown • So, we are recovering – but we are not back! Yet. 11

  12. National Employment 6.051 million Jobs lost in the recession US jobs December 2007 US jobs October 2013 137,982,000 136,554,000 Jobs gained in the recovery 7.479 million Still 1.43m fewer people working today http://beta.bls.gov/dataViewer/view/timeseries/CES0000000001http://www.deptofnumbers.com/employment/us/ 12

  13. Kentucky’s Economy Has Been A Challenge August 2013 13

  14. And As A Result, The State Budget Has Been A Problem August 2013 Why Important? WAGES! 14

  15. Just a little comparison 15

  16. We Are A “State” Institution! State funded? OR State assisted? FY 13 Income Tax/Sales Tax highly correlated with economic activity — i.e. Employment! People working! 16

  17. And If How You Spend Money Is A Reflection of What’s Important 2008-2014 http://www.ksba.org/protected/PrintArticle.aspx?iid=50GAYB&dasi=3UBI 17

  18. So Think About It… • We Are Cutting Education When • We live in a “new economy”/knowledge based • Human capital… • Microsoft / Google / Apple / LinkedIn • Global economy • Paradigm shift • Jobs follow people • Richard Florida—Creative Class • 3 T’s 18

  19. Do We Have It Backwards? • Shouldn’t our priorities be— EDUCATION EDUCATION EDUCATION EDUCATION 19

  20. After All: Education Pays Per Capita Income in All 50 States vs. Adults with Bachelors Degrees or Higher 20

  21. THANK YOU! Questions? 21

  22. Enrollment Data (2002-2013) 22

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