1998

• Increase faculty size by forty to a total faculty of 365.
• Increase total enrollments to between 7100 and 7300 students.
• Increase graduate enrollments to between 800 and 1000, half of whom will be doctoral students.
• Federally funded research will exceed fifteen million dollars annually.
• Rank in the top ten among the leading three hundred engineering schools in the number of women enrolled in engineering.
• Increase the numbers of under-represented minorities at a steady rate, more than doubling between 1992-93 and 1997-98.

2003

• Faculty size will have grown by 75 research-oriented faculty to a total of approximately 400.
• Total enrollment will reach 7200 to 7500.
• Graduate enrollment will total 1200 to 1500, 60% of whom will be doctoral students.
• Federally funded research expenditures will exceed thirty million dollars annually.
• Establish a two million dollar endowed chair in each academic department.
• Increase corporate giving to fifteen million dollars annually.

As a part of Michigan Tech’s strategic planning process we have included benchmarking as a mechanism for measuring how Michigan Tech compares to other institutions who have similar missions, goals, and programming, and to identify "best practices" that we might emulate. The benchmark institutions range from specialized engineering colleges to Research I universities as classified by the Carnegie Foundation. Through the planning process we have identified quantitative "Benchmark Measures" that relate to each of MTU’s eight university goals. These measures will serve as indicators for understanding how Michigan Tech compares to our peer institutions as well as to those institutions which model our desired goals. It is our intention to continue to update this data on an annual basis, including the addition of new benchmark institutions, as part of our ongoing planning process.

Benchmark Institutions

• California Polytechnic State University - San Luis Obispo (Master’s I)
• Carnegie Mellon (Research I)
• Clarkson (Doctoral II)
• Colorado School of Mines (Doctoral II)
• Georgia Institute of Technology (Research I)
• Lehigh (Research II)
• Rensselaer Polytechnic Institute (Research II)
• University of Missouri - Rolla (Doctoral I)

Benchmark Measures

Goal 1: Sustain and Enhance the Quality of Undergraduate Programs.

• Instructional Expenditures
• Student Financial Aid Expenditures
• Student Services Expenditures
• Freshman Retention Rates
• Student Enrollments by Gender
• Student Enrollments by Ethnicity
• Student to Faculty Ratio

Goal 2: Attract and Retain, Support and Develop Excellent Faculty.

• Average Faculty Salaries by Rank
• Ethnic Distribution for Tenured/Tenure-Track Faculty
• Gender Distribution for Tenured/Tenure-Track Faculty

Goal 3: Strengthen and Develop Graduate Programs.

• Graduate Student Enrollment
• Graduate Student Support

Goal 4: Enhance and Expand Research, Scholarship, and Creative Activity within the University.

• Research Expenditures
• Total R&D Expenditures per Faculty Member

Goal 5: Develop a Rewarding and Challenging Environment in which Staff Meet or Exceed Student and Faculty Expectations.

• Academic Support Expenditures
• Institutional Support Expenditures

Goal 6: Provide Comprehensive Information Technology Services which Support Academic Programs.

• Library Expenditures

Goal 7: Develop the MTU Campus and Continuously Maintain the Physical Plant

• Plant Operation and Maintenance Expenditures

Goal 8: Provide a Stable Financial Environment and Enhance Resource Acquisition.

• Current Funds Balance
• Balance Owed Physical Plant

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