These previously stated strategic priorities are supported by SMART Goals, which are Specific, Measurable, Attainable, Realistic, and Timely. This section describes the major goals for each priority. Numerical targets are for achievement by FY19, unless otherwise indicated.
1. Grow and Develop the Student Body
- Enhance the undergraduate student population to 4,000.
- Increase the total student population to 9,000.
- Achieving a student population on the Mies Campus that is about 50 percent undergraduate and 50 percent graduate.
- Increasing year-to-year retention of all students to 95 percent.
- Increasing the undergraduate graduation rate to 75 percent.
- Exceeding the AITU placement average (currently 90 percent per year) for all graduates.
- Establishing and operating an Innovation Center by FY18.
- Ensure at least one interdisciplinary co-terminal degree thus offering in all colleges/schools.
2. Promoting Innovative Thinking and Excellence Throughout the University
- Completing the Innovation Center building or developing space on campus for the IC by FY17.
- Establishing a formal structure for technology commercialization, startup support, and student engagement with entrepreneurial enterprises by FY15.
- Initiating the Teaching and Learning Center by FY17.
- Increasing the diversity of the Category 1 faculty (female members to 100 [+40] and underrepresented minority members to 50 [+35] by FY25 or sooner) also to better reflect our undergraduate student body diversity.
- Continuation to increase student diversity to achieve at least 40 percent female and 25 percent underrepresented minorities.
3. Elevate IIT’s Visibility and Rankings
- Ensure that one’s university is recognized as one of the top 100 undergraduate universities in the U.S.
- Increasing the ranking of all individual units.
- Implementing the IIT marketing plan by FY16.
- Increasing of undergraduate alumni engagement measured through their giving from 9 percent to 12 percent.
4. Enhance IIT’s Facilities, Infrastructure, and Environments
- Developing and initiate implementation of a Facilities Improvement Plan for the campus by FY17.
- Developing and initiating the implementation of a Technology Plan for one’s educational facilities by FY16.
- Implementation of a plan in order to allow for strategic maintenance and renewal of our infrastructure by FY17.
- Develop finances to allow for $15 million to be spent on IIT’s facilities, infrastructure, and environments annually.
- Ensuring that 80 percent of the student body rates their campus experience positively in one’s survey.
- Ensuring that 80 percent of our staff rates their overall satisfaction as positive in one’s survey.
- Developing and implementation of a campus/community plan in order to allow for a doubling of student/community interactions at each campus.
- Increase by about 100 percent the number of alumni involved in outreach, a partnership with companies, internships, job placement, and university engagement.
5. Develop Resources to Enable Progress
- Achieve/exceed the campaign goal of $250 million.
- Grow the endowment to $300 million.
- The increase of tuition revenue by at least 4 percent per year.
- Increase online and summer revenue by 100 percent.
- Increase research awards to $60 million per year and research expenditures to $55 million per year.
6. Strengthening of All of IIT’s Schools/Colleges
- Increase the undergraduate ranking of engineering to the top 50 in U.S. News & World Report.
- Ensuring the ranking of ID remains within the top three worldwide.
- Increase the ranking of architecture’s undergraduate program to the top 10 in the U.S.
- Ensuring the ranking of finance at Stuart remains in the top five in the U.S.
- Increase the number of nationally ranked programs in human sciences to three.
- Improving the ranking of computer science in the College of Science to within the top 100.
- Accredit programs in the School of Applied Technology by FY17.
- Ensure that Chicago-Kent has the best bar passage rate in Illinois and Chicago, and increase its national reputation to the top 50.
Each SMART Goal will indeed have an identified leader who will be in fact responsible for the attainment of the goal and also have the responsibility and authority to be able to initiate action aimed at goal achievement.