In a twist on the old tale, the tortoise has won a sprint and the hare is leading the marathon. For the first time in the memory of most experts, colleges with small endowments ended the year with better returns than their elite counterparts, according to a survey released today by the National Association of College and University Business Officers (NACUBO) and Commonfund. But while small colleges investing heavily in low-risk, low-return assets lost the least in 2009, they’ve still been outdone, on average, by the wealthiest colleges over the last decade.
BALTIMORE – Teaching entrepreneurship has become one way for colleges to help local economies. Creating degree programs focused on the acquisition of business-savvy skills without a unifying theme, however, is often a difficult sell with both professors and students. Without creating new degrees, one community college has achieved success in the classroom and spawned many a student-run business in its area by encouraging faculty to embed entrepreneurship into their traditional curriculum.
In theory, it sounded like an interesting partnership. American University’s Kogod School of Business wanted to team up with the university's School of International Service, building a graduate degree program that would cater to idealistic students who might not otherwise be drawn to the business school.