Worcester Business Journal

Book of Lists 2023

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76 Worcester Business Journal | Book of Lists 2023 | wbjournal.com F O C U S E D U C A T I O N & N O N P R O F I T S UMass Chan Medical School in Worcester had $358 million in research and development expenditures in fiscal 2022, leading the record-breaking $813-million year throughout the entire UMass system. This total marked an 8% increase in the system-wide research enterprise. The R&D expenditures at UMass Chan increased by 3% from fiscal 2021, after a nearly 25% increase in expenditure between 2020 and 2021, according to the 2022 UMass Research and Expenditures Report released on April 12. UMass Amherst had the second-highest expenditure in research across the five campus system, at $245 million for fiscal 2022. This was a 14.7% increase for Amherst-based research. Less than a third of research spending from Amherst was in the life sciences field group, according to the report. By con- trast, 100% of UMass Chan's research spending was in the life sciences. Across the system, 57% of spending went to life science research, amounting to $463 million. Of the R&D at UMass Chan, $258 million came from federal funding sources while $100 million was non-federal. Inside the life sciences space, $154 million was in the biological and biomedical sciences field and $133 million was in the health sciences field. UMass Chan's $358M leads record-breaking research year systemwide Parth Chakrabarti, executive vice chancellor for innovation and business development at UMass Chan Top colleges and universities Ranked by full-time or FTE enrollment, fall 2022 School Full-time enrollment fall 2022 (1) Full-time faculty/ part-time faculty Total employees/ MBA program? Annual tuition in state/ out of state Head of school Endowment/ year founded 1 Worcester Polytechnic Institute 100 Institute Road, Worcester 01609 508-831-5000 • wpi.edu 5,971 436 162 1,362 Y $56,000 $56,000 Grace Wang president $589,684,000 1865 2 Worcester State University 486 Chandler St., Worcester 01602 508-929-8000 • worcester.edu 3,554 202 228 1,246 N $970 $7,050 Barry M. Maloney president $34,800,000 1874 3 Quinsigamond Community College 670 W. Boylston St., Worcester 01606 508-853-2300 • qcc.edu 3,544 132 334 1,026 N $2,915 $5,387 Luis G. Pedraja president $4,627,172 1963 4 Clark University 950 Main St., Worcester 01610 508-793-7711 • clarku.edu 3,537 242 180 934 Y $52,000 $52,000 David Fithian president $487,169,000 1887 5 College of the Holy Cross 1 College St., Worcester 01610 508-793-2011 • holycross.edu 3,210 320 30 1,143 N $57,600 $57,600 Vincent D. Rougeau president $992,627,000 1843 6 Mount Wachusett Community College 444 Green St., Gardner 01440 978-632-6600 • mwcc.edu 3,156 (2) N/A N/A 621 N $6,750 $12,900 James Vander Hooven president $12,657,337 1963 7 Fitchburg State University 160 Pearl St., Fitchburg 01420 978-665-3000 • fitchburgstate.edu 2,897 189 168 1,047 Y $970 $7,050 Richard S. Lapidus president $24,419,515 1894 8 Framingham State University 100 State St., Framingham 01701 508-620-1220 • framingham.edu 2,564 173 128 634 Y $11,380 $17,460 Nancy S. Niemi president $47,400,000 1839 9 Assumption University 500 Salisbury St., Worcester 01609 508-767-7000 • assumption.edu 1,814 132 128 480 Y $46,680 $46,680 Greg Weiner president $108,227,000 1904 10 UMass Chan Medical School 55 Lake Ave. North, Worcester 01655 508-856-5801 • umassmed.edu 1,300 1,263 317 6,000 Y (3) $38,048 $65,428 Michael F. Collins chancellor & senior vice president for health sciences $287,000,000 (4) 1962 11 MCPHS University 19 Foster St., Worcester 01608 508-373-5649 • mcphs.edu 1,275 (5) N/A N/A 317 (6) N N/A (7) N/A Richard J. Lessard president N/A 1823 12 Nichols College 121 Center Road, Dudley 01571 800-470-3379 • nichols.edu 1,206 52 54 311 Y $37,150 $37,150 Glenn M. Sulmasy president (8) $27,334,716 1815 13 Dean College 99 Main St., Franklin 02038 508-541-1508 • dean.edu 1,200 31 4 260 N $44,710 $44,710 Kenneth Elmore president $64,000,000 1865 14 Anna Maria College 50 Sunset Lane, Paxton 01612 508-849-3300 • annamaria.edu 934 48 126 323 Y $38,410 $38,410 Mary Lou Retelle president $5,821,338 1946 15 Cummings School of Veterinary Medicine at Tufts University 200 Westboro Road, North Grafton 01536 508-839-5302 • vet.tufts.edu 454 (9) 102 11 555 N $58,832 (10) $65,332 (10) Alastair E. Cribb dean & Henry and Lois Foster professor $112,194,543 1978 Source: Each school via survey. Note: N/A=not available or not applicable. (1) Includes undergraduates and graduate students (2) For 2021-22 academic year (3) MD-MBA degree offered through partnership with UMass Lowell; business courses are taken online and at the Lowell campus. (4) Per UMass Foundation annual report (5) Spring 2022 enrollment for Worcester campus (6) Local employee count for Worcester campus from 2022 survey (7) Cost per credit hour for graduate programs at the Worcester campus ranges from $605 to $1,380. (8) As of July 1, 2022 (9) 403 students are in the department of veterinary medicine (DVM), and 51 are in standalone graduate degree programs. (10) For DVM program only; other graduate programs vary. -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com

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