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GW budget cuts
Created: 4/9/2015 10:36:52 AMReplies: 50
4/9/2015 10:36:52 AM - BM - 5,667 posts (#3)

Layoffs

Can't imagine the athletics program was spared.

4/9/2015 11:25:45 AM - ELJ - 2,206 posts (#14)

This one definitely bears watching; these things rarely stop at just one round of cuts or cutbacks..  Money loss was the key reason Maryland bailed on the ACC and went to the Big 10.  And to Maine Colonial: Much as I love track, I'd be worried about our newly re-formed teams.  As for hoops, they're clearly the linchpin to all GW athletics, but even they may not be immune to some impact.

4/9/2015 11:38:54 AM - thinker - 2,814 posts (#11)

This is a very tiny layoff relative to the number of employees. The head of finances for the University - Lou Katz has always had a 100% unbreakable rule - he would not dip into endowment money to cover a budget shortfall. We're only a couple of months away from the end of GW's fiscal year so this is absolutely a balancing the books move. I don't think it necessarily has any bearing on anything going forward. Each year the process is the same - try to get enough enrollment to cover costs. GW is highly dependent on tuition revenues to cover expenses so it just depends each year on how many people enroll.

4/9/2015 3:01:05 PM - CJS fan - 192 posts (#109)

Well gentlemen, not to gloat over a calamity to GW, but I warned of this last Fall; and I was duly pilloried for my insght.  Well Thinker, the problem boils down to adequate enrollment numbers to cover ongoing university expenses.  However, there is an underlying problem to this enrollment problem:: the steady decline of the middle class.  That is the real pool of applicants GW strives to garner.  It is not just a question of Northeast or MidAtlantic pockets of residents.  GW students, by and large need to be affluent -- whether they are scholastic or Northeastern or culturely diverse is window dressing.  GW and its sister Eastern colleges are fighting over an ever shrinking pool of acceptable applicants.

I wish the school well because if it cannot find a solution to the applicant problem, it will not be able to increase enrollment without sacrificing quality.  Without the economic benefits of an encreased enrollment, the inevitable cuts to athletics is only a matter of time.

4/9/2015 3:08:36 PM - NJ Colonial - 1,978 posts (#17)

No impact on Athletics.  Sorry naysayers... just going to have to worry about something else.

4/9/2015 3:43:06 PM - Mentzinger - 3,648 posts (#7)

GW -- one of only 50 school sin the US with a sticker price above $60K -- has never relied on the middle class student. As a financial aid student in the 1980s this was readily apparent. The Aid Office was in a broom closet in Rice Hall,almost literally.The idea -- for every college -- is to attract full-pay students so as to not grow the discount rate. GW has traditionally done well in this area. But the number of HS grads nationally is flat, and now all schools are competing to lure graduates from NY, NJ high schools ... the only places where there is slight growth, and where GW has always relied for probably well more than half its incoming fgreshman classes, The new competitors are doing it by discounting, which GW has to match and has never done well trying, and the result is the school missed (though only slightly) its enrollment target for this year.

Meanwhile, the school's real estate and endowment portfolios continue to bulge. It's just a question of priorities. I've always maintained GW was much more interested in being DC's second biggest landlord than in excelling academically. The USNWR scandal did little to dispel that notion.  

4/9/2015 7:37:35 PM - NJ Colonial - 1,978 posts (#17)

Mentz - that is a bit harsh and rather unfair to GW.  The university is extremely generous with financial aid now and a large percentage of fundraising is earmarked for financial aid.  President Knapp is determined to hold down tuition and with policies such as freezing tuition for a student at their incoming freshman rate for up to five years is really helping our present students to be able to come to and stay at GW.  Unlike Trachtenberg, who thought a high price tag meant quality, the present university leadership is trying to make a GW education more affordable.

4/9/2015 7:48:40 PM - Tk - 257 posts (#89)

No question the school has put itself in a tough spot - the return from the endowment is just enough to cover all the interest on the ridiculous amount of debt we took on to build all these buildings. 

4/9/2015 8:34:53 PM - thinker - 2,814 posts (#11)

TK,

My understanding is that return on investments in the endowment just get plowed back into the endowment. I won't say that GW nevers takes money out of the endowment but if they do it's a rare occurence.

All the buildings are mostly funded through bonds that are repaid by student fees associated with the use of that particular building. I was there involved a bit in that kind of stuff a long time ago so I don't remember specifics but basically if you are a student of the Elliott School every semester you get a building fee for that building added to your account - maybe $500-1000. Same with Media, Business, probably Public Health, Medicine and I would guess the Engineering School will do that too.

Dorms get paid for from surcharges added to the cost of a room. They try to rent office space in town - I don't know how they financed the Ashburn campus. General classroom space would have to come out of general revenue - That's why they haven't built anything like that for a long time. They try and connect class space directly to schools so they can charge those students more directly.

Is GW injeopardy in the current climate? About the same as always where they are only a little bad luck away from a deficit. Obviously the school has better data than anybody else so I would guess that they are generally optimistic or they would not have undertaken the HUGE effort for the Engineering School and several other things.

4/10/2015 7:03:49 PM - Bigfan - 2,827 posts (#10)

Here;s an idea: don't build huge and grandiose buildings that don't work out, just to show you are growing or on the cutting edge.

I know from hugely personal painful experience long after I graduated (as the child of two people who never went to college, held basic jobs and could easily pay my tuition), that for years, GW has not been affordable for the upper middle class or mostly anyone who has to pay the huge full freight tuition. 

Now, our alma mater is taking out Trachtenberg's and to some extent, Knapp's seeming delusions of grandeur, out on employees with layoffs. Not the ideal spirit for a university. Maybe cut some really top salaries first.

4/10/2015 7:50:56 PM - thinker - 2,814 posts (#11)

Bigfan,

Unfortunately I think that GW's posture is shared by many schools. That is in order to compete for today's top students you have to offer glitzy new facilities, dorms, classrooms, gyms, etc. I think there is probably plenty of data that supports that. To a lesser degree kids care about how schools are rated but those ratings are significantly influenced by facilities as well. Obviously there are plenty of other factors but facilities are seen as crucial. I'm sure that also factored in when GW acquired the Corcoran and commited to renovate it.

4/11/2015 7:35:39 AM - rocket - 652 posts (#39)

Please note that to the extent that it's been addressed publicly the current problem is largely or wholely traceable to a decline in _graduate_ enrollments. It has little to do with undergrads. We've had about 1,000 fewer grad enrollments (a nationwide trend) relative to "budgeted" (ie, estimated) numbers. And these students, mostly at the MA level, are largely self-financed, full (graduate) rate paying enrollments.

4/11/2015 12:23:40 PM - BC - 1,645 posts (#20)

The sky is falling, the sky is falling!    And I want a big Grandiose new Arena.  

4/11/2015 12:47:10 PM - Poog - 3,873 posts (#6)

Ask the Georgetown U. folks how happy they are that their university didn't take a forward looking approach and spend some money to buy our Mount Vernon campus when it was for sale. 

4/11/2015 12:52:03 PM - NJ Colonial - 1,978 posts (#17)

The new Science and Engineering Hall is not a luxury, it had been planned for 40 years and the university's existing labs and tech work specs in Corcoran, Tompkins and other older halls were ancient and inadequate.

4/11/2015 1:03:39 PM - JAE - 200 posts (#105)

Yes, NJ COLONIAL.

4/11/2015 1:06:52 PM - Maine Colonial - 484 posts (#54)

I did a little research and it seems like GW's takeover of the Corcoran was inevitable and long overdue. Here is the way I see it:

The more I read about William Wilson Corcoran and the way he simultaneously nurtured Columbian College, which is now George Washington University, and the Corcoran Gallery of Art, the more I am assured he would approve of what GW is planning for the Corcoran. Because GW officials are definitely acting in the spirit of Corcoran as they work to integrate and renovate the 118-year-old building and its School of Art.

Corcoran was the son of one of Columbian College’s founding trustees and after amassing a fortune in banking he adopted the fledgling college just 45 years after it was founded and eight years before his first Gallery of Art opened to visitors just a stones throw from the White House. It is largely due to Corcoran’s efforts that the college grew to become a national university located not far from his bank building, his mansion on Lafayette Square, and both galleries of art that have borne his name.

While Corcoran is most famous for being a philanthropist and founder of Washington’s first art museum and the third in the nation, he was in fact a banking and real estate mogul and some of the profits from buying, selling and lending simultaneously financed the growth of Columbian College and the creation of his Gallery of Art. He clearly wanted both institutions to thrive and grow and fulfill his goals of educating the youth of the nation as well as his community in the arts and the sciences.

If he favored one over the other, it’s hard to determine, for the college clearly received a significant portion of his fortune and personal attention even if it didn’t get his name. Corcoran’s donations and the endowment he set up for the college, along with loans from the bank he cofounded with his business partner George Washington Riggs, financed the college’s growth after the Civil War and well after Corcoran’s death (and possibly even to this day.) During that period Columbian College renovated several buildings Corcoran purchased and donated to the university for renovation and conversion into teaching facilities and a hospital. 

http://exhibits.library.gwu.edu/pnc_riggs/corcoran_riggs_gw.html

Well over a century after his death, GW and its officials and even some alumni have been preserving Corcoran’s legacy even though they may not even be aware of the deep connection between GW and the Corcoran Gallery of Art and how they are both physical manifestations of one man’s dreams and planning. Ironically, it was a GW alumna with a bachelor’s degree in art and French literature—First Lady Jacqueline Lee Bouvier Kennedy—who saved Corcoran’s “American Louvre” from demolition in 1963. The building, which is now known as the Renwick, is currently closed to undergo a major renovation while at the same time GW is seeking permission to repair and upgrade the Corcoran in a similar way. If everything goes as planned, both of Corcoran’s galleries should reopen to art lovers sometime in 2016, an amazing coincidence given that the two landmark buildings were built well over a century ago.

There is no doubt that if the current Corcoran Gallery of Art building had to be taken over by any institution and upgraded, Corcoran surely would have wanted it to be GW and not the National Gallery of Art, the University of Maryland or any other entity. Because GW and the Corcoran are both his progeny and the bigger, stronger one is fortunately now in a position to assume the care of the younger, weaker one and hopefully nurse it back to health. One positive sign the merger is going well is the NEXT 2015 Exhibition, which opened a couple nights ago with a reception. Over 700 people attended and hundreds more will be visiting over the course of the next month. And once the National Gallery of Art opens the Legacy Gallery, with some of the signature works that were from the Corcoran collection, as well as a series of contemporary exhibits, thousands of prospective students and parents as well as VIPs and tourists will be touring the building. Look for Gilbert Stuart's iconic portrait of George Washington to have a prominent place in the Legacy Gallery.

In 1904 Columbian University was renamed the George Washington University after the president who first dreamed of establishing a national university in the nation’s capital. Ironically the investments that George Washington set aside to help finance the university became worthless before the college could even get started. Instead it was Corcoran’s investments that financed the growth of the college and made George Washington’s vision real. So the university’s trustees could have justifiably chosen Corcoran University for the new name back in 1904. Heck, Welsh merchant Elihu Yale had a college named for him for far less: the proceeds from the sale of nine bales of goods, 417 books and a portrait of King George I. 

Looking back, if Columbian University trustees had renamed the university after its primary benefactor back then and not the nation’s first president, and if more people were currently aware that the two institutions were essentially built up by the same man, it stands to reason there would be significantly less opposition to Corcoran University taking over the Corcoran Gallery of Art and updating it in Corcoran’s spirit. 

___________________________________________________________________________

Here are just a few examples of how Corcoran’s life and legacy and GW’s history are intertwined and inseparable.

Columbian College/Columbian University/George Washington University

Over a period of two decades, William Wilson Corcoran donated his services, funds and real estate to help Columbian College. His interest was in aiding in “the establishment at the seat of government of the United States, an institution designed for the acquisition of knowledge in all the branches of learning, where the youth of the country may enjoy the most enlarged advantages of a liberal education through coming time.. . .”

The College awarded Corcoran an honorary degree of Doctor of Laws in 1869 after he became a member of the College’s board and just three years after he gave the college a building on H Street to house its medical school. In 1872 he became president of the board, a post he held until his death in 1888. In 1872 he also established the Corcoran Endowment Fund to help the college grow and he contributed securities and real estate to the fund over a period of two decades. The purpose of the fund was to “aid in the permanent endowment of the college and its elevation to the dignity and usefulness of a University.” Due to his efforts, the Columbian College became the Columbian University by an Act of Congress in 1873, and in 1904 the university was renamed The George Washington University. It was Corcoran’s wish “that the principal of the donation, when realized should be funded and kept forever intact, the interest alone being applied to the support of the College.” In 1959, the fund totaled $220,000 and it may still exist to this day. Hopefully GW will use funds from Corcoran’s own endowment to fund the renovation of his gallery and his art school?

While Corcoran loved and supported the arts, he also believed in investing in science and engineering to pursue research and encourage technological innovation. In 1884, four years before his death, Corcoran helped the university to establish the Corcoran Scientific School to teach engineering and the sciences. The school offered evening classes in science and technology leading to the degrees of “Bachelor of Science, Civil Engineer, Mechanical Engineer and Mining Engineer.” 

Forty years later, GW built its first building on its new Foggy Bottom campus to house the university’s growing engineering and science program. The Colonial Revival building, which is humble and plain compared to the Renwick and the Corcoran Gallery, was named in Corcoran’s honor. Corcoran Hall fittingly abuts and is connected to the university’s brand new George Washington University Museum and Textile Museum. On opening weekend, over 2,000 people visited the museum and in a week or so the museum will host the 60th annual Corcoran Ball to raise money for a Corcoran scholarship fund. Less than a month before the GW Museum officially opened on March 21st, GW opened its new 500,000-square-foot Science and Engineering Hall less than two blocks away to house over 140 faculty members and thousands of students in a state-of-the-art research facility.

Corcoran would undoubtedly be pleased the university is still growing and investing in both the arts and the sciences. And a brief tour of both the GW Museum and the Science and Engineering Hall should give anyone confidence GW will use the same care in renovating the Corcoran Gallery of Art and the School of Art.

Renwick Gallery

In 1859, Corcoran, who lived in a mansion on Lafayette Square overflowing with art, hired architect James Renwick to design the nation’s first building devoted exclusively to showing American art. The Second Empire Style building was completed after the Civil War and the first Corcoran Gallery of Art officially opened in 1874 five years after he joined Columbian College’s board. (Although he founded the Corcoran Gallery of Art and provided the funds to start the Corcoran School of Art, Corcoran never served on the Gallery’s board.) 

Ironically, almost a century later the building, which had been subsequently renamed the Renwick Gallery, was saved from destruction by a GW alumna—First Lady Jacqueline Kennedy—and it was turned over to the Smithsonian. The Renwick Gallery is currently being renovated and it sounds like the improvements will be remarkably similar to what GW is proposing for the current Corcoran Gallery. And it doesn’t seem like anyone opposed the Renwick renovation plans before construction began.

Corcoran Gallery of Art

When it became clear the Corcoran Gallery’s art collection and its school of art was outgrowing the building, architect Ernest Flagg was hired to design a new building that would become the new Corcoran Gallery of Art (and the one GW is now planning to renovate.) Unfortunately Corcoran died in 1888, two years before the School of Art was founded with his funding and nine years before the new Gallery opened in 1897. When he died the New York Times headline called him “Washington’s Most Prominent Citizen.” 

Mount Vernon

Corcoran also believed in historic preservation. He contributed to the saving of Mount Vernon after George Washington’s heirs couldn’t afford to preserve it and the federal government refused to buy it and protect it. Over a century later, GW freshmen now get to spend their first night at school at Mount Vernon.

I was in D.C. on business two weeks ago and attended the GW Museum opening, toured all of the new buildings including Science and Engineering Hall, and had lunch at Beefsteak, a beer at Quigley's and dinner at Founding Farmers. It became clear over the course of three days that GW has never looked nicer. And with the right leadership in place, all the key facilities built and open, and the athletic programs on the rise, the present looks great and the future looks better than ever. George Washington and William Wilson Corcoran would be proud.

4/11/2015 2:09:47 PM - BC - 1,645 posts (#20)

Who would have expected to learn more about GW history (and Corcoran's) on a basketball site.  Thanks Maine Colonial.  Unlike a lot of recent long posts, yours didn't make my eyes glaze over, and it was educational.

4/11/2015 2:58:57 PM - thinker - 2,814 posts (#11)

The engineering facilities at GW were woefully outdated, but it wasn't a given that a new school would be built nor that we would even retain an engineering school if we couldn't build a new one.

4/11/2015 3:21:08 PM - Maine Colonial - 484 posts (#54)

I neglected to mention that irony of ironies, Corcoran had attended Georgetown College, the predecessor to Georgetown University. For a reason I haven't been able to determine, Corcoran decided to invest his time and money in Columbian College and not his alma mater Georgetown.

4/11/2015 3:25:38 PM - Poog - 3,873 posts (#6)

Couldn't figure out what the hell a Hoya was.

4/11/2015 3:47:53 PM - Maine Colonial - 484 posts (#54)

In other art news, Haverford President Daniel Weiss, who graduated from GW in 1979 with a bachelor's degree in psychology with a concentration in art history, will be the next President of the Metropolitan Museum of Art. PRESS RELEASE His wife went to GW too and it sounds like he was friends with Alec Baldwin when Alec was at GW. I'm pretty sure President Knapp was Weiss' boss when they were both at Johns Hopkins. Maybe we will have a partnership of sorts with the Met at some point after Weiss takes over this summer. What is frustrating is the Washington Post didn't even do a story when the Met announced his appointment.

4/11/2015 5:53:38 PM - Tk - 257 posts (#89)

They take a set amount from the endowment every year, say 5%. Any excess return over the hurdle is usually reinvested 

4/11/2015 8:19:43 PM - 82 TKE - 2 posts (#251)

Thank you Maine Colonial!

4/12/2015 12:09:00 PM - Maine Colonial - 484 posts (#54)

At the end of 2014, GW ranked #57 in endowment market value at $1.576 billion, nine spots ahead of Georgetown, which ranked #66 at $1.461 billion. And GW's endowment value grew faster last year: 14.6% versus 13.6%. GW also has a lot more alumni out there in the world than Georgetown: 250,000 versus 98,000. So as GW's historically low giving rate continues to increase, GW's endowment should continue to climb faster than Georgetown's. With the opening of the $375 million Science and Engineering Hall, it looks like GW is attempting to distinguish itself from Georgetown and follow the Johns Hopkins model and invest heavily in science and engineering. GW has also been luring quite a few key people away from Johns Hopkins within the last decade including President Steven Knapp and Ben Vinson, Dean of the Columbian College of Arts and Sciences. But GW has a ways to go to catch Johns Hopkins, which ranked #26 last year at $3.451 billion, a 15.6% increase. I'm guessing Johns Hopkins officals are not happy about the competition for students and officials, which might explain the hatchet job by Kevin Carey in the New York Times earlier this year, timed to come out right before high school seniors are selecting colleges. Carey, a product of Binghamton and Ohio State, teaches at Johns Hopkins. If you would like to delve into the numbers, here are a couple good sources: ENDOWMENTS   DATA

 

 

 

4/12/2015 1:16:24 PM - GW2013 - 9 posts (#244)

In what world is GW competing with Johns Hopkins for students? Johns Hopkins is competing with Ivies/Duke/Stanford/Georgetown/Vanderbilts of the world, not GW. GW competes with the likes of BU/Northeastern/Fordham/Syracuse here, and, frankly, we're losing ground. While these schools are trending towards lower and lower acceptance rates, we're go up and up, culminating in a disgraceful 45% acceptance rate this year. 

4/12/2015 7:10:00 PM - Maine Colonial - 484 posts (#54)

GW and Johns Hopkins are competing for students in this world. Case Study: "Dr. John" Kopriva, could have gone to Johns Hopkins to play D3 hoops and get ready to go to medical school but he decided instead to play for D1 GW.

The primary reason GW's acceptance rate is higher than Johns Hopkins and Georgetown is GW's need to bring in 2,500 plus freshmen each year versus 1,400 for Johns Hopkins and 1,600 for Georgetown. If GW admitted fewer students then its enrollment statistics would look a lot better. By the way, GW Medical School gets twice as many applications than JHU--13,700 versus 6,300 or so for JHU--and has a 1.3% acceptance rate versus 3.9% for JHU. I'm guessing there are medical students applying to both schools so clearly the medical schools are competing too.

 

 

 

4/12/2015 8:00:33 PM - Maine Colonial - 484 posts (#54)

Here's an interview with President Knapp from 2011 that broadly outlines his vision: INTERVIEW

4/12/2015 8:01:48 PM - thinker - 2,814 posts (#11)

Hopkins is clearly an excellent insitution.

Lots of similarities lots of differences.

What GW should be most jealous of: Hopkins is almost always #1 in terms of federal grants received and they have an awesome alum Michael Bloomberg who has already gifted the school over $1 billion.

4/12/2015 8:09:35 PM - squid - 1,507 posts (#23)

I would bet that now that SJT isn't president, more folks are donating. I knew a lot of people who said they would never donate while he was the boss-man. 

And I think GW does compete with "better" schools, depending on the program, like international affairs, medicine, law. Other subjects, maybe not.

4/12/2015 11:22:42 PM - THE DUDE - 525 posts (#48)

Very interesting back stories and info here.  Squid, what was the reluctance donating with SJT?

 

4/13/2015 12:40:51 AM - GW2013 - 9 posts (#244)

As someone who just went through the medical school admissions process, GW is not competing with Johns Hopkins for medical students. JHU is one of the best medical schools in the world, while GW is more low mid-tier. GW's low acceptance rate stems from the fact that it has a pretty mediocre average accepted GPA and MCAT, which means that anyone who's appplying to med school will probably send in an app. Drexel SOM and Temple SOM also both have some of the lowest acceptance rates in the country because of the same reason, and they're low-mid-tier schools at best.

4/13/2015 2:16:46 AM - CJS Fan - 192 posts (#109)

Some observations on WW Corcoran's largesse to higher education.  Besides Columbian (GW) and the Corcoran Gallery, WW Corcoran also donated funds to Johns Hopkins, the University of Virginia (he built a museum for the school), VMI and Virginia Tech.   This information was contained in the book written about the history of GW by the late Professor Elmer Louis Kayser, Bricks without Straw.  Corcoran gave very little money to Georgetown  -- odd considering he was an alumnus of the school.  Years ago, Professor Kayser (then retired) offered an explanation:  Corcoran, an Espiscopalian Protestant, was anit-Catholic (a widely held American sentiment in the 19th Century).  A Jesuit education did not shake his prejudice.

Despite his generousity, there is one gift Corcoran proposed for GW but later reneged on.  Besides the aforementioned mansion fronting Lafayette Square (on the present site of the U.S. Chamber of Commerce), Corcoran had a large estate with a lot of land in Northeast D.C. called "Trinidad."   Corcoran offered GW the estate for a price -- albeit a very reasonable price with ample time to come up with the necessary funds.  Alas, the university failed to meet the price and despite pleas by President Welling for more time or a re-negotiated price, W.W.Corcoran withdrew the offer.  However, had the university received the land and built its campus there, GW would today be located close to "Simple City"  the most downtrodden, nortorious, crime infested drug center of the city.

GW University chose to rename itself after George Washington for one overriding reason in 1904: money.  Wealthy and connected Washington socialite, Susan Dimock, had formed the George Washington Memorial Association, whose purpose was to construct a museum/lecture hall/cultural center honoring George Washington on the mall.  President Needham jumped at the chance to ally the school with Ms. Dimock's efforts.  The university became GW University and Ms. Dimock agreed to raise the funds to build a serious of buildings at the site of GW's athletic facility: the old Van Ness summer mansion located at the corner of 17th Street and Constitution Avenue (the present site of the O.A.S. building), next to the D.A.R. Constitution Hall and just a couple of blocks sourth of the Corcoran Gallery.  Unfortuneately, Ms. Dimock was a dilettante rather than astute fundraiser and she came nowhere near raising the funds necessary to build any imposing buildings or otherwise impact GW.   When she died in 1941, her estate turned over some $200,000. to GW.  The school used those funds, along with a gift from Abram Lisner to build Lisner Auditorium.   Ms. Dimorck's gift resulted in a plaque in the lower portion of Lisner honoring the intentions of the George Washington Memorial Association plus the Susan Dimock gallery in the Lisner basement along with her portrait.

4/13/2015 2:42:32 AM - THE DUDE - 525 posts (#48)

As a GW Law grad who regretfully knows almost nothing about our Med School, GW2013 (and others) what's holding back The Med School from gaining in prestige and reputation?

4/13/2015 11:24:18 AM - Maine Colonial - 484 posts (#54)

Well, you're not going to find a law school at Johns Hopkins or a D1 basketball team so we have them there. Granted they do have a football team and men's lacrosse.

4/13/2015 11:44:28 AM - GW2013 - 9 posts (#244)

The Dude, it's a combination of factors such as the amount of grant money GW brings in for research and the type of student GW brings in (GW Med chooses to focus on personal fit and holisitc factors as admissions criteria, hence the lower GPA and MCAT averages compared to some other mid-tier schools). There was also some major accrediation issues a few years ago that I'm don't completely understnad. Frankly, though, GW's medicine prestige isn't a big deal. Unless you're going to an elite med school (think top 10, like Harvard, Yale, UCSF, and Johns Hopkins), the name of your school doesn't matter when it comes to matching into residency. Med schools completely different to law school in that respect.

4/13/2015 12:37:08 PM - rocket - 652 posts (#39)

There are relatively few medical schools in the US (but even fewer veterinary schools) so they are all (or nearly all good). There are far more law schools and some of them are pretty bad.

4/13/2015 4:52:52 PM - Maine Colonial - 484 posts (#54)

Look which Business School is in the top 20 for ROI and which two aren't: FORTUNE

4/13/2015 4:57:26 PM - THE DUDE - 525 posts (#48)

Interesting info GW2013, thanks for sending.  I guess in a way that makes Med world a bit less snobby and elitist which would figure to be a good thing, and Rocket, that's certainly true.

4/13/2015 6:36:13 PM - Maine Colonial - 484 posts (#54)

I was in D.C. on business a few weeks ago and saw a huge gathering at CIRCA. It turns out it was Matching Day and everyone looked very lubricated and very happy.

4/13/2015 7:24:51 PM - the sons of liberty - 322 posts (#73)

I'll just put this here:

http://college.usatoday.com/2015/03/30/top-ranked-colleges-for-the-field-of-social-science/

4/13/2015 7:28:54 PM - THE DUDE - 525 posts (#48)

#1....big props.

4/13/2015 7:57:19 PM - Maine Colonial - 484 posts (#54)

I'm guessing Patrick Nero is getting a well-derved raise so the financial problems can't be that bad. And if you read between the lines, the cuts were very targeted and avoided things like teaching and even athletics.

Two excerpts from the Hatchet:

“This is not an across-the-board slashing, like sequestration. It’s been a very careful, targeted restructuring to, where possible, find ways to reduce costs,” Knapp said.

"Vice President for Human Resources Sabrina Ellis said in a GW release last week that the decisions for which positions to cut “were made by units carefully with much forethought.”"

I feel bad for those who lost their jobs and their collegues who had to see them go. But if you are overhead and not producing at a high level, you can be seen as extraneous. 

4/13/2015 8:12:06 PM - Maine Colonial - 484 posts (#54)

It certainly sounds like Provost Steve Lerman is excited as we are: HATCHET

 

4/14/2015 9:44:29 AM - NJ Colonial - 1,978 posts (#17)

Maine:  great posts, thank you.

CJS:  The Trinidad parcel in NE DC was given to GW.  The university ended up selling off the land to raise funds for operations.

4/14/2015 9:51:23 AM - NJ Colonial - 1,978 posts (#17)

Sons of Liberty:  thanks for the article link.  Nice to see GW ranked above Harvard.  Doesn't surprise me though, my sister went to GW undergrad and then reveived her masters degree from Harvard.  She got straight A's at Harvard and said she had to work much harder in Foggy Bottom for her B.A. degree..

4/18/2015 5:40:22 PM - thinker - 2,814 posts (#11)

WOW - Employees laid off found out about it when security people showed up at their desks to escort them off campus without being allowed to even say goodbye to their colleagues.. Layoffs included director level position and VP level. Some of those laid off had been with GW for over 30 years. WOW I just don't get doing things that way at GW.

HATCHET

4/18/2015 6:00:07 PM - Fan - 223 posts (#101)

 

it is gw's way of telling alumni to f$$k off.

Wonder why all alumni do not give a sh@$ about gw.  This is just a partial showing.  Most are pissed off for many many years.  

No surprise these people do not come to basketball.. Even with free food.

4/18/2015 8:16:54 PM - Tk - 257 posts (#89)

That's pretty standard procedure after being fired

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