<p>Something like 30% of the annual revenues come from the state. </p>
<p>I just wanted to make sure that that number gets in there before someone comes in with the completely irrelevant and misleading 7% of the endowment number and tries to trick people into believing something which isn’t true.</p>
<p>The state accounts for 22% of the university’s General Fund. The General Fund is about 27.9% of UM-AA’s overall budgeted revenue for FY10.</p>
<p>Qwertykey, Michigan’s annual operating budget is $5 billion. Admittedly, half of that budget is the Medical School and Hospital, but the remaining budget is still $2.5 billion. Michigan receives only $300 million from the state. So even if you decide to look purely at the operating budget of the university without taking the Hospital into account, the state still accounts for less than 15% of the school’s total operating budget.</p>
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<p>That is false. U-M receives less than 15% of its annual revenue from the state. U-M’s annual budget is $5 billion, and it receives ~$300 million in state approrpriations. That is NOT 30%. </p>
<p><a href=“Office of Budget and Planning”>Office of Budget and Planning; (Read page 6)</p>
<p>Liu, undergraduate and graduate prestige are genrerally connected. And none of Michigan’s programs are “semi-private”. Michigan is entirely public. Only Cornell is semi-private with some publically funded programs (ILR, Agriculture and Human Ecology) and some private schools (Architecture, Arts and Sciences, Engineering etc…).</p>
<p>At any rate, I was also referring to Michigan’s undergraduate quality in post #8. At the graduate level, Michigan is considered one of the top 5 or 6 overall universities in the nation. At the undergraduate level, Michigan is considered one of the top 10 or top 15 universities by most respected members of academe and by the corporate world at large.</p>
<p>Finally, the M7 is not an exact ranking of the top 7 MBA programs. All M7 programs are excellent and considered among the top 10 MBA schools, but it is purely a vouluntary membership that requires the commitment and dedication of faculty members to the membership, something that several top MBA programs have not shown interest in. But to say that MBA programs such as Cornell (Johnson), Duke (Fuqua), Yale (SOM) etc… are better than Ross is hard to substantiate. There are 4 MBA programs that seem to be head and shoulders above the rest. After those 4, you have several (like 10 or so programs) that make a solid case for top honors, and Ross is one of them.</p>
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For giggles, divide the $300 million from the state by the number of actual Michigan taxpayers and you’ll get the the amount that the average taxpayer pays per year for UM. Of course those taxpayers are also paying for the in-state students whose parents are paying zero in taxes.</p>
<p>Sorry, I mean for the general fund… And yes I was wrong on 30%. This link says the state provides for 24% of the general fund.</p>
<p>[U-M</a> Budget Update - University Budget - Understanding the Budget](<a href=“http://www.vpcomm.umich.edu/budget/understanding.html]U-M”>http://www.vpcomm.umich.edu/budget/understanding.html)</p>
<p>As for aid, I’m not considering that as an expense because they don’t really spend it…</p>
<p>For FY10, the state portion is reduced to 22% of the General Fund.
[University</a> of Michigan Funding: A Snapshot](<a href=“General Fund Budget Snapshot | U-M Public Affairs”>http://vpcomm.umich.edu/budget/fundingsnapshot/3.html)</p>
<p>Revenues for the General Fund (27.9%) include:
<p>It does not include the Expendable Restricted Funds (18.6%) with revenues from:
<p>which pays for:
<p>I did a similar analysis on UVa which was claiming only 5% of the budget comes from the state. When you breakout hospitals and other non-educational revenues it comes out around 20%, a declining but still significant amount. It would take another $6 Billion in unrestricted endowment to match the UM appropriation. Hard to find that much cash unrestricted.</p>