The proposed fee for the Kenan-Flagler Business School dominated the conversation during the University’s Faculty Executive Committee meeting on Feb. 19. The proposed fee for undergraduate students aims to allow the business school to accept more students and address other issues regarding diversity.
“At Carolina, we have a phenomenal undergraduate business program. We don’t live and die by the rankings, but it’s an easy thing to talk about: We’re about seven in most of them,” said undergraduate business program director Anna Millar.
In the 1980s, the undergraduate business program was close to losing its accreditation because the student to faculty ratio was too high. The dean at the time had to limit the size of the program in order to keep the ratio down.
“Right now, we turn away about half of our applicants for the undergraduate business program. These students have not applied to multiple business schools, they’ve applied to one and only school,” said Millar. “The majority of these students are extremely well-qualified, we just don’t have room.”
Doug Shackelford, the dean of the business school, views this low acceptance rate as unethical and said he wants to grow the business school. The proposed fee of $1000 per semester for business majors and $500-per-semester fee for business minors would allow the school to accept more students.