Robert Morris University (RMU) Company Profile

Background

Overview: Robert Morris University (RMU) is a private institution located in Moon Township, Pennsylvania, approximately 17 miles from downtown Pittsburgh. Established in 1921 as the Pittsburgh School of Accountancy, it was renamed in 1935 to honor Robert Morris, a Founding Father known as the "Financier of the American Revolution."

Mission and Vision: RMU's mission is to challenge, inspire, and transform students into career-ready individuals through professionally focused educational programs, extraordinary experiences, and a supportive community. The university envisions changing lives by empowering students to achieve their potential.

Academic Offerings: The university offers over 80 undergraduate and graduate degree programs across five academic schools:

Rockwell School of Business

School of Communications and Information Systems

School of Education and Social Sciences

School of Engineering, Mathematics, and Science

School of Nursing and Health Sciences

These programs are designed to prepare students for successful careers in various fields.

Key Strategic Focus

Professional Development and Corporate Partnerships: RMU emphasizes experiential learning and maintains strong ties with the corporate sector. The university offers tailored professional education and development programs for corporate partners, leveraging its expertise in business, IT, engineering, communications, and healthcare. These initiatives aim to meet the evolving needs of the Pittsburgh region and beyond.

Online Education: RMU has expanded its reach through online programs, with its M.S. in Human Resource Management and B.S. in Hospitality and Tourism Management ranked among the nation's best. This reflects the university's commitment to accessible, high-quality education.

Financials and Funding

Financial Overview: As of the fiscal year ending May 2023, RMU reported revenues of approximately $155.7 million and expenses of $165.5 million, resulting in a net loss of about $9.8 million. The university's total assets stood at $267.8 million, with liabilities of $124.3 million, leading to net assets of $143.5 million.

Endowment: In 2020, RMU's endowment was valued at $38.2 million, providing financial support for its programs and initiatives.

Technological Platform and Innovation

Centers of Excellence: The Rockwell School of Business houses state-of-the-art facilities, including the PNC Trading Center, U.S. Steel Videoconferencing and Technology Resource Center, and the ATI Center with an Interactive Marketing Wall. These resources enhance students' educational experiences by providing hands-on learning opportunities.

Online Learning Platforms: RMU's commitment to innovation is evident in its robust online learning platforms, which have been recognized nationally for their quality and effectiveness.

Leadership Team

President: Michelle L. Patrick serves as the President of RMU, bringing extensive experience in higher education leadership.

Key Executives:

Andrew S. Toole: Head Men's Basketball Coach, contributing significantly to the university's athletic programs.

Renee T. Cavalovitch: Vice President and General Counsel, overseeing legal affairs and compliance.

These leaders play pivotal roles in advancing RMU's mission and strategic objectives.

Leadership Changes

In July 2022, Michelle L. Patrick assumed the role of President, succeeding Christopher B. Howard, who had served until February 2022. This transition marked a new chapter in RMU's leadership, focusing on continued growth and innovation.

Competitor Profile

Market Insights and Dynamics: RMU operates in a competitive higher education landscape, particularly within Pennsylvania. The university's focus on professionally oriented programs positions it uniquely among regional institutions.

Competitor Analysis: Key competitors include:

University of Pennsylvania: Offers a wide range of programs with a strong emphasis on research and professional education.

Carnegie Mellon University: Known for its programs in technology and business, providing strong competition in these fields.

University of Pittsburgh: A major public research university offering diverse programs and extensive resources.

RMU differentiates itself through its personalized approach and strong industry connections.

Strategic Collaborations and Partnerships

Corporate Engagement: RMU collaborates with various corporations to offer customized education and professional development programs. These partnerships enhance the university's relevance and provide students with practical experiences aligned with industry needs.

Community Involvement: Through centers like the Bayer Center for Nonprofit Management, RMU engages with the community, offering resources and expertise to nonprofit organizations.

Operational Insights

Campus Facilities: The 230-acre suburban campus includes modern facilities such as the UPMC Events Center and the RMU Island Sports Center, supporting both academic and extracurricular activities.

Student Life: With over 160 student organizations and a strong emphasis on athletics, RMU fosters a vibrant campus community that supports student engagement and development.

Strategic Opportunities and Future Directions

Program Expansion: RMU continues to explore new programs and certifications that align with emerging industry trends, ensuring graduates are equipped with relevant skills.

Technological Integration: Investing in advanced technologies and online learning platforms remains a priority to enhance educational delivery and accessibility.

Community and Corporate Partnerships: Strengthening existing partnerships and forging new ones will support RMU's mission and provide students with valuable experiential learning opportunities.