Collat School of Business
MISSION: We create and disseminate business knowledge that transforms the lives of our students and stakeholders by leveraging our locational advantages for the benefit of our community, state and global constituents.
VISION: We strive to be a renowned business school focused on leadership, innovation and entrepreneurship.STRATEGIC PLAN SUMMARY: The UAB Collat School of Business will be a school of business renowned for its leadership, innovation, and entrepreneurship. High expectations for teaching, faculty scholarship, and student success; servant leadership with shared governance; and the values of integrity, diversity, excellence, collegiality and collaboration provide the foundation for attaining the school’s five goals of sustained growth, distinctive programs, value-added partnerships, stakeholder engagement, and program-centric infrastructure.
Goal: Deliver innovative educational programs that stimulate growth, student success and financial sustainability.
- Increase credit hours and head count by 50 percent.
- Increase retention and the number of graduates.
- Increase number of online degree programs.
- Develop minors and certificates.
- Expand professional development programs.
- Increase student success.
- During the 2013-2014 year, 2,233 undergraduate and 446 graduate students enrolled in the Collat School of Business. In response to 10 percent growth in undergraduate enrollment and 21 percent growth in graduate programs, many improvements have been made to enrich our student experiences.
- Online degree programs have expanded so that six of seven undergraduate degree programs are offered fully online.
- Online degree programs are ranked in the top 20 by U.S. News & World Report.
- Collat Tutoring Lab opened in January 2014. This lab, run by students, provides academic support for eight quantitative courses in the CSOB. Tutors have conducted 1,900 sessions reaching 770 students.
- The business honors program attracted a record number of applicants for its largest cohort to date.
Innovation and Entrepreneurship
Goal: Deliver excellent educational programs to positively impact economic development in our region through UAB’s Institute for Innovation and Entrepreneurship.
- Deliver a graduate certificate in technology commercialization.
- Deliver an undergraduate minor in entrepreneurship.
- Develop intellectual capacity and capabilities to support this institute.
- Increase faculty engagement in innovation and entrepreneurship.
- This year the UAB Collat School of Business opened an innovation lab in the Innovation Depot. The innovation lab provides general purpose administrative space for CSOB student interns to work on a variety of supervised projects to support start-up companies. Several students are doing internships with the 96 start-up companies in the Innovation Depot.
- The innovation lab also houses a business accelerator where we are providing structured coaching, mentoring and training for very early start-ups
- We sponsored the Birmingham Business Journal’s Entrepreneurship Spotlight Awards honoring 15 of the region’s top entrepreneurs and partnered with UA’s Culverhouse School of Business to co-host the awards luncheon.
- We co-hosted with the UAB Graduate School a successful seminar on the business of science.
- We also provide consulting services as part of economic development recruitment whereby British start-up Oxford Pharmaceuticals LLC announced plans to invest $29.4 million to build a 120,000-square-foot manufacturing facility in Birmingham; it will employ as many as 200 people when fully operational.
Goal: Build value-added partnerships that serve our community, enhance student success and diversify our revenue streams.
- Develop MBA dual-degree programs (MD/MBA, DMD/MBA, OD/MBA).
- Deliver leadership training for emerging health care leaders.
- Deliver professional continuing education courses for health care professionals.
- Create a Leadership Institute.
- In November 2013, we formally recognized the $25 million transformational gift from Charles and Patsy Collat and became the first named school at UAB: The Collat School of Business
- We expanded our advisory board to include 11 new leaders across our business community.
- We received Board of Trustees approval to establish the Institute of Financial Literacy through which we will partner with local financial institutions to deliver programs and materials to educate the general public about basic personal finance issues such as budgeting and saving.
- Our goal for the Healthcare Leadership Academy, continuing with our sixth annual class, is to prepare UAB’s emerging and established health-care leaders to be successful throughout their careers.
- We received a new five-year commitment of $600,000 to support the HLA from Duane and Amy Donner with the Founders Investment Banking and the Dore’ Foundation.
- Have made significant progress on MBA programs for MD/DMD/OD.
Professional Development and Engagement
Goal: Support faculty and staff development and empower them to take ownership of our School’s programs.
- Support professional development for faculty and staff.
- Support faculty research.
- Develop and support faculty tracks to allow faculty to serve in different ways.
- Develop program managers and core course coordinators.
- The CSOB has hired nine new faculty and appointed several to significant administrative positions in the school.
- Increased staff support to promote student success through advising, retention, and career services.
- Faculty have garnered noteworthy honors and distinctions from The National Society of Leadership and Success, Alabama Economic Educator’s Hall of Fame, 2014 JPPM/Kinnear award for best paper, Fulbright, Best Lawyer in America for Financial Services Regulatory Law, UAB Diversity Awards, among others.
- Provided $100,000 in internal grants to faculty to support research.
Faciltiies and Technology
Goal: Acquire needed facilities and leverage technology to support excellence in teaching, research and service.
- Develop plans for a new School of Business Building.
- Raise funds to construct a new School of Business building.
- Invest in technology and back-office support to enhance teaching and learning.
- In response to recent growth and expansion of the CSOB, we are working with the university on plans for a new building on University Boulevard. Plans include new classrooms, faculty office space, and space for various additional functions.
- The Institute for Innovation and Entrepreneurship, the Institute for Financial Literacy, and the Healthcare Leadership Academy will be housed in the new facility.
- Our top priorities in The Campaign for UAB are resonating with donors, alumni and friends, and we have successfully raised $5.5 million toward the new building and $29 million to support various programs.