Universities

Victoria University of Wellington

Chancellor: Ian McKinnon (Sir Neville Jordan from 2015)
Vice-Chancellor: Professor Grant Guilford (Professor Pat Walsh to Feb 2014)
Main Campus Key Main Campus
Wellington
AQA Academic Audit
Whole institution audit timeline: August 2014
Audit Report: December 2014
Funding by TEC
78.7% Teaching and Learning
0.0% Capability
21.3% Research
0.0% Scholarships/Learners
TEC Funding
Delivery by Level
0.0% Level 1–2
0.3% Level 3–4
0.2% Level 5–6
88.8% Level 7–8
10.8% Level 9–10
Delivery By Level
Delivery by Subject
44.5% Society and Culture
13.4% Management and Commerce
11.8% Natural and Physical Sciences
8.9% Architecture and Building 
7.4% Creative Arts
13.9% Other
Delivery By Subject

In 2014, Victoria University of Wellington (Victoria) performed well both educationally and financially.

Responsiveness

In the 2014 annual report, Chancellor Ian McKinnon highlighted several of Victoria’s achievements. These included welcoming a new Vice-Chancellor, Professor Grant Guilford, the construction of the university’s 11th hall of residence, Katharine Jermyn Hall, which brings the number of student beds available to 3,000, pleasing results in the 2014 QS World University Subject Rankings, with law ranked 49th, arts and humanities ranked 60th equal and social sciences and management ranked 67th equal in the world, and the transfer of ownership of Te Kōkī New Zealand School of Music to Victoria from Massey University.

The Vice-Chancellor, Professor Grant Guilford, recognised several additional achievements in 2014, including gaining council approval for the building of a major new science block on the Kelburn campus and an upgrade of Rutherford House, the Victoria Business School, at the Pipitea campus. He further noted success in research, including continued funding for the MacDiarmid Institute Centre of Research Excellence, the two-year James Cook Research Fellowships won by Professor Phil Lester and Professor Geoff Whittle, the Fellowship of the Royal Society awarded to Professor Tim Naish, the Rutherford Discovery Fellowship Award received by Dr Jonathan Halpert and the Pou Aronui Award to Professor Lydia Wevers; and the graduation of 15 Māori PhD students, a larger number than in any prior year.

Victoria’s enrolments decreased by 1 percent (147 EFTS), compared with 2013, following a similar increase in the previous year. Most of Victoria’s delivery was at Levels 7–8 (89%), followed by Levels 9–10 (11%), with provision concentrated in Society and Culture (45%), Management and Commerce (13%) and Natural and Physical Sciences (12%).

Participation was above the university sector average for under-25-year-olds and on par for Māori, while Pasifika participation remained at 5 percent, 2 percentage points below the university sector average. Victoria had 1,412 full-fee paying international EFTS (1,977 students), an 8 percentage point decrease on 2013.

EffectivenessTop

Victoria improved overall in terms of course and qualification completions and was above the sector average for course completion. While a decrease occurred in student progression, Victoria was above the sector average for both retention and progression.

Performance of the TES priority groups (Māori, Pasifika and under-25-year-olds) improved and was above or on par with the university sector average for course and qualification completions, with the exception of Māori course completion, which decreased and was slightly below the average. Student retention saw a slight decrease while student progression decreased for all groups. Student progression was below the university sector average for all groups while retention was significantly above with the exception of Pasifika student retention, which was 10 percentage points below.

Financial performanceTop

In 2014, Victoria achieved a net surplus of $16.5 million (4.3%), a decline of $1.1 million (–6.3%) over the 2013 result, driven by increased expenditure.

Despite a $0.4 million decline in international fees, Victoria’s total revenue increased by $22.7 million (6.3%) from 2013 to 2014. This is primarily due to notable increases including: $9 million (26.5%) in research revenue, $3.3 million (2.1%) in government revenue, $3 million in commercial revenue, $3.4 million in other student fees and $2.8 million in domestic student fees.

Total expenditure increased by $23.8 million (7.0%) mainly due to an $11.9 million (6.4%) increase in personnel expenditure and an increase in general operating expenditure of $5.9 million (6.6%).

Total assets have increased by $33.9 million (4.5%) between 2013 and 2014 to $790.9 million.

TES Priorities

Participation (SAC)
2014 Performance Victoria University
sector 
Students under 25 81% 75%
Māori 10% 10%
Pasifika 5% 7%
Course Completion (SAC)
2014 Performance  Victoria University
sector 
All 87% 86%
Students under 25 87% 86%
Māori 81% 80%
Pasifika 73% 71%
Qualification Completion (SAC)
2014 Performance  Victoria University
sector 
All 81% 81%
Students under 25 74% 74%
Māori 65% 66%
Pasifika 55% 55%
Overview of Educational Performance
Enrolments 2014 % of University sector 2012 2013 2014
Student Achievement Component (SAC) EFTS 13% 15,459 15,595 15,448
SAC Students 13% 19,029 19,326 19,145
International full fee paying students EFTS 10% 1,645 1,538 1,412
International full fee paying students 10% 2,156 2,093 1,977
Educational Performance Indicators - SAC University sector 2012 2013 2014
Successful Course Completion 86% 86% 86% 87%
Qualification Completion 81% 77% 76% 81%
Student Retention 84% 81% 86% 86%
Student Progression L1-4 50% 83% 75% 56%
Overview of Financial Performance*
Summary Financial Statements (NZ$000) 2012 2013 2014
Revenue      
Total government revenue $151,639 $153,994 $157,249
Domestic student fees $72,986 $77,067 $79,833
International student fees $30,318 $29,746 $29,369
Total revenue $349,163 $357,902 $380,553
Expenses      
Personnel $184,733 $185,101 $197,016
Total expenses $330,393 $340,276 $364,044
Net surplus (after unusual and non-recurring items) $18,780 $17,613 $16,498
Assets      
Total Assets $745,279 $756,955 $790,887
Equity (net assets) $618,038 $635,651 $648,983
Cashflow      
Net cashflow from operations $296,510 $52,809 $58,453
Other      
Staffing FTE 1,824 1,885 1,990
Total EFTS to total staff FTE 9.2:1 8.9:1 8.5:1
Total EFTS to teaching staff (academic and tutorial staff FTE) 20.8:1 19.6:1 18.2:1