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If the only suggestions are: add easy HSS majors, a business school, or a media lab, then no. I personally prefer efforts at improving the quality of student life as a means to improve offer acceptance rates and graduation rates. People who are not yet dedicated to science/math/engineering can feel free to “hedge their bets” and go somewhere else.</p>
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Not couldn’t, sakky, wouldn’t (not a business program, at least), because we do not want to expand in the directions you’ve listed. We <em>just</em> had this discussion about the difference between “can’t” and “don’t want to.” <em>facepalm</em></p>
<p>Every once in a while a humanities prof will speak up at a faculty meeting and suggest that Caltech should expand those programs for undergrads. Sometimes it will even make the student paper, usually as an editorial about how there would be more attractive women on campus if the proposal went through. The suggestion always gets shot down, because we want more money spent on the science programs that we have, instead - or on the new IST department we’re launching. The majority does not want expanded HSS offerings for undergrads.</p>
<p>But to my knowledge you are the first in decades to suggest a business school. It’s outrageous because nobody actually attending Caltech wants one. There are so many things that we do want, but not a business school. Or a media lab. It’s ridiculous to think that adding something that nobody here wants would increase the graduation rate!</p>
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It doesn’t matter if it’s easier to monitor fewer funds: the extra money they’re making is more than enough to employ additional managers. I’m sorry you can’t understand why larger endowments have higher returns, which is why I provided the link. It shows clearly that larger endowments do have higher returns. And that’s that, I’ve made my point that per capita endowment is a misleading figure. Other investment firms are not germane to this conversation. If I shared the secret to higher returns with you then I’d be out of a job moonlighting as an investment banker - fortunately for me, it appears you won’t understand it on your own. ;)</p>