A faculty group voted to approve a proposal by theÂ UCLA AndersonÂ School of Management to become a self-sustaining program today in the final UCLA vote on the issue.
The UCLA Legislative Assembly voted 53-46, with three abstentions,Â to support an Anderson faculty appeal that would allow the proposal to continue on to approval by the UC Office of the President.
The appeal will allow the Master’s of Business Administration program at theÂ AndersonÂ school to no longer be financially dependent on state funds, if approved by UCOP. Officials say the move will increase the school’s competitiveness with private institutions and its flexibility in distributing resources.
The program would look toward more fundraising and donations to replace the approximately 6 percent of its budget that is currently funded by the state.
Now, the proposal will move on the UC Coordinating Committee on Graduate Affairs, which will review the proposal before it goes to the Office of the President.
This process could take up to a year, said Rachael Goodhue, graduate affairs chair.
The proposal marks the first time that a UC professional school has requested to become financially separate from state funding.