August 15, 2017
More students, more income from teaching, successful externally funded projects: Jacobs University is growing and successfully continuing its consolidation path. This is according to the financial report for 2016 that the University has now published.
Whereas 300 young people from throughout the world started their student life in Bremen-North in 2015, this number swelled to 470 in 2016, a trend that is set to continue, says Jacobs University’s President Professor Katja Windt. “The huge demand for our degree courses and research profile shows that the new chapter in our company history has an unequivocal title: We are growing”.
Each professor at Jacobs University raised an average of 200,000 euros in third-party funds in external funds in the past year; in the previous year this amounted to 176,000 euros. With foundation year programs for school leavers, masters programs and further education courses, the University generated a turnover of almost 1.6 million euros in 2016 – more than twice as much as in the previous year. And, last but not least, the bachelor degree programs, with more than 15.6 million euros, brought in almost half a million euros more turnover for the University than in 2015. All these effects combined mean that Jacobs University is getting ever closer to its objective of a balanced budget.
The figures for 2016 show that the University is successfully setting itself on course for a future with higher income. With a budget of around 49 million euros, the balance sheet indicated a loss of around 1.7 million euros at the end of the year. To compare: Although the University realized a surplus of just under 3.5 million euros in 2015, this was due to the fact that the Jacobs Foundation subsidized the University’s operations with a budgeted 21 million euros in 2015. In 2016 however this figure amounted to a budgeted 14 million euros. If one deducts these subsidies, it becomes clear that the operating result, as a key financial parameter, once again increased significantly.
The positive development becomes even clearer if one compares the past four financial years: compared to 2012, the reference year for the restructuring path, the operating result improved by 16.6 million euros. “We look confidently to the future”, says Managing Director, Professor Michael Hülsmann: “Thanks to the support of the Jacobs Foundation, the federal state of Bremen and the commitment of our employees, the challenging restructuring path at our University is having the right effect”.
Despite tough reorganization measures, the University achieved top results in prestigious university comparisons such as the CHE Ranking and the U-Multirank, in both 2016 and 2017. In addition, it is establishing itself as a high-performance partner at large companies in consulting on cutting-edge topics such as industry 4.0 as well as in the further education of managers: “We are extremely pleased with these developments”, says University President Windt. “They show us that, as a private university, we are increasingly getting better at combining high academic ambitions with a solid financial base”.
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About Jacobs University:
Jacobs University is a private, independent, English-language university in Bremen. Young people from all over the world study here in preparatory, Bachelor, Master, and PhD programs. Internationality and transdisciplinarity are special features of Jacobs University: research and teaching don’t just pursue a single approach, they address issues from the perspectives of multiple disciplines. This principle makes Jacobs graduates highly sought-after new talents who successfully strike out on international career paths.
Thomas Joppig | Brand Management, Marketing & Communications
t.joppig [at] jacobs-university.de | Tel.: +49 421 200-4504