Last week I released a memo to members of the Faculty of
Science. It announced that the Faculty was taking a loan from the University of
Alberta to allow us to grow the professoriate. Some of the justification was
given in the memo:
“Now is the time to be
hiring. Across North America, the number of open academic positions available
is incredibly small, a reflection of the difficult financial times. It is a
buyer’s market – departments who are fortunate enough to be hiring can pick and
choose amongst the very best Ph.D. graduates from the very best schools. In a
few years, this situation will reverse itself into a seller’s market. When
financial stability returns, there will be massive hiring across the entire
academic spectrum, the consequence of many years of a forced hiring diet. That
is exactly when we should not be competing in the market.”
Because of budget reductions over the past four years (13%),
the Faculty of Science and the Department Chairs have largely concentrated on
damage control. This has to end. The first step was announced in the
above-mentioned memo: stop the decline by having the Dean’s Office absorb the
entire 2013/2014 budget cut. The second step is to reverse the direction and start
growing. How do you do this when your budget is being reduced? Get a loan.
The case for a loan was made to the President and Provost
based on the argument that the University of Alberta would be wise to take
advantage of the current job market situation. There was no possibility of getting
a loan to offset the upcoming budget reduction.
With a loan, the Faculty of Science can resume being
proactive on a number of fronts:
· We can grow. In 1999/2000 the professoriate
numbered 288, in 2003/2004 we peaked at 300, and today we are down to 292.
During the same time, Science Faculties at many of our peers have grown
significantly.
· The University’s total NSERC funding has fallen
from second in the country into a pack of several universities vying for a
distant third place. Although the total dollars going to Science has stagnated,
our funding per faculty member remains strong. In other words, a large part of
our fall has been due to the quantity of faculty members, not the quality.
· A paucity of hiring over an extended period of
time is unhealthy. For example, consider the Department of Computing Science,
which is top heavy with only one junior Assistant Professor. What state will it
be in after a few more years of little or no hiring?
· There are opportunities to hire outstanding
researchers, potential chairs or award winners. We need to be able to take
advantage of such opportunities when they arise.
· There are research gaps that need to be addressed.
For example, adding the right person to a research team might elevate it from
“Canada class” to “world class”.
These new positions are not business as usual. These
positions are precious and need to be carefully thought out. They must be
strategic. There are no preconceptions where they might land. At one extreme,
it is possible that they all end up in one Department.
A few people have criticized my decision to ask for a loan
on the basis of the potential risk and additional cost (interest) to the
Faculty of Science. There are several responses to such an argument, but the
one I prefer is personal. I never would have owned my first car had I not
received help from a bank loan. Similarly, I would have been living in an
apartment instead of a house for an additional 8.5 years had I not asked for a
loan. Yes, loans incur risk and cost money. However, if thought through carefully
the advantages should outweigh the disadvantages. In my case, the freedom to
drive wherever I wanted whenever I wanted meant a significant improvement in my
quality of life. A similar case can be argued for the purchase of my house.
And, for Science, being able to take advantage of an opportunity (the current
job market situation) might pay huge short- and long-term dividends. Is it a guaranteed
win? No, but the odds are probably strongly in our favor.
I would argue that the risk is low in that during the timeframe
of the loan (five years) there is a very good chance that the economy will
improve. Even if that does not happen, there are other sources of funding that
might offset some or all of the costs. An obvious example is donations – a
large part of my job is working with donors to help strengthen the Faculty of
Science. Another example is our annual one-time sources of money. Many of these
funds are highly reliable from year to year. If they continue to grow at the
current rate, then they can cover most of the loan.
To some
people the idea of a loan looks odd – adding new faculty members at the same
time as dealing with a budget reduction. We have no control over the latter,
but the former represents an opportunity that will help energize the Faculty of
Science and position us well for the future.