In San Francisco, A Small B-School Undergoes A Big — And Impactful — Transformation
In San Francisco, A Small B-School Undergoes A Big — And Impactful — Transformation
In San Francisco, A Small B-School Undergoes A Big — And Impactful — Transformation

Otgontsetseg Erhemjamts is the first person from Mongolia to earn a finance doctorate from a U.S. business school. She is also the first, and only, U.S. B-school dean of Mongolian descent.

But more important than her country of origin or her academic climb is her approach to the job — and what it has meant to the school she now leads.

Dean Otgo, as she is known to everyone at the University of San Francisco School of Management from students to faculty to kitchen staff at the university dining hall, came to the small Jesuit school in summer 2022 with a charge to reverse a worrying years-long slide in enrollment. That charge has become a mission to change … well, everything.

THE DECLINING ENROLLMENT CHALLENGE

“I came here two years ago and was given a charge of basically helping the school turn around,” Otgo tells Poets&Quants. “Like many other universities around the country, we’d been experiencing declining undergraduate enrollment. Because of our location, we tend to be more heavily reliant on international students. Tension between the Chinese government and U.S. government, Trump government policies, Covid — all those things had a huge impact on international enrollment, and our enrollment dropped more than universities that didn’t have such a heavy international presence.”

Undergraduate enrollment at the McLaren School of Management has dropped by about one-third since 2019. Though it’s a smaller population, enrollment is also down by a third across graduate programs at the Masagung Graduate School of Management.

“Enrollment decline is a common challenge all of higher ed is grappling with, combined with the demographic cliff and everything else,” Otgo says. “So coming here, and looking at the size of our school, I felt that we need to rebalance and re-optimize the program portfolio, sunsetting some programs, and launching new programs.”

“But basically, the dean’s job is resource allocation. How do we allocate the limited resources we have? If you have declining enrollment, that means your finances or budgets are also declining, so we have to do more with less, basically.”

CLASS SIZES, ALL USF BUSINESS GRAD PROGRAMS, 2019-2023

USF

FALL 2023

FALL 2022

FALL 2021

FALL 2020

FALL 2019

Students

418

541

538

581

618

USF MBA CLASS SIZES, 2019-2023

Program

FALL 2023

FALL 2022

FALL 2021

FALL 2020

FALL 2019

FT MBA

82

86

81

69

68

PT MBA

59

72

79

92

89

USF UNDERGRAD CLASS SIZES, WOMEN & MINORITIES, 2019-2023

Data

FALL 2023

FALL 2022

FALL 2021

FALL 2020

FALL 2019

Class Size

1143

1249

1361

1420

1722

Women

542 (47.4%)

595 (47.6%)

652 (47.9%)

689 (48.5%)

826 (48.0%)

Minorities

690 (60.4%)

731 (58.5%)

778 (56.4%)

818 (56.2%)

882 (51.2%)

‘LET’S ELIMINATE DEPARTMENTS’

In San Francisco, A Small B-School Undergoes A Big — And Impactful — Transformation
In San Francisco, A Small B-School Undergoes A Big — And Impactful — Transformation

USF School of Management’s Dean Otgo: “We are proud of the work we are doing. We are pushing ahead. Ultimately, if we succeed with this experiment, and find a nice way of settling somewhere and not revert, I think it would be a nice example for the rest of higher ed to follow”