The Year at Smith
By the Numbers
3,513 students
101 full-time faculty, plus 54 part-time
128 partner schools in 39 countries on 6 continents
Top 30 Financial Times’ global ranking of Queen’s Executive Education open enrollment programs at Smith
No. 1 Financial Times’ North American ranking of the Smith Master of International Business program
$10.4M student aid in 2019-20 — up 23 per cent or $2 million over the past 4 years
$1.6M+ raised at Homecoming 2019 by returning alumni to support today’s students
98% of Commerce 2019 graduates employed within six months of graduation
93% of Full-Time MBA’19 students employed within three months of graduation
Our Fiscal Year
Smith School of Business funds from various sources increased 1.9 per cent in the 2019-2020 fiscal year. We successfully launched our Global Master of Management Analytics program in 2020. Endowment interest income increased 9.4 per cent compared to the prior year, given improved market returns and growth in our endowment fund. Student aid increased to $10.4 million, an increase of 23 per cent or $2 million over the past four years. Lastly, we delayed some capital expenditures late in 2019-2020 in anticipation of the impact that COVID-19 could have on school resources going into fiscal 2020-2021.
|
(all amounts in ’000s) Sources |
Year ended April 30, 2020 (actual) |
Year ended April 30, 2019 (actual) |
||
|---|---|---|---|---|
| Undergraduate, PhD/MSc, Master of Management & Diploma | $82,628 | 63% | $78,075 | 61% |
| MBA programs | $36,107 | 27% | $35,654 | 28% |
| Non-degree executive education programs | $6,235 | 5% | $8,643 | 7% |
| Fundraising gifts and contributions | $8,047 | 6% | $9,744 | 8% |
| Less: endowed contributions | $(6,208) | -5% | $(7,783) | -6% |
| Less: restricted for capital project | $(298) | 0% | $(391) | 0% |
| Endowment income | $4,415 | 3% | $4,038 | 3% |
| Other | $388 | 0% | $839 | 1% |
| Total sources | $131,316 | 100% | $128,819 | 100% |
Uses |
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| Salaries & benefits | $55,614 | 42% | $53,541 | 42% |
| Direct program expenses | $33,692 | 26% | $34,786 | 27% |
| Queen's University services | $26,474 | 20% | $25,394 | 20% |
| Student aid | $10,426 | 8% | $10,269 | 8% |
| Other | $2,777 | 2% | $2,375 | 2% |
| Capital expenditures | $1,072 | 1% | $2,342 | 2% |
| Transfer to/(from) reserves | $1,261 | 1% | $112 | 0% |
| Total uses | $131,316 | 100% | $128,819 | 100% |