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Since its establishment as an independent institution in 2007, the Harvard School of Engineering and Applied Sciences has undergone phenomenal growth, with a nearly 37 percent rise in undergraduate concentrators in the past three years...
...school develops a unique identity within the University, SEAS Dean Cherry A. Murray has detailed a number of lofty aspirations for expansion. She hopes to grow the student body by an additional 45 percent, expand the faculty by 30 or more full-time-equivalent members, and increase staff assistance—an area that most departments within the Faculty of Arts and Sciences are trimming...
Over the past three years, the Harvard admissions office has seen a 68 percent surge in applicants who list their primary interest as engineering science, while the total number of applicants to Harvard increased by only about 11 percent during that period...
Much of the engineering school’s future expansion will depend on the performance of the endowment—from which SEAS draws 45 percent of its yearly budget—as well as the school’s ability to find alternative sources of capital...
Next year, SEAS will be facing the same 12 percent reduction in its endowment payout as other Harvard schools, an income loss that the school will offset by drawing from the financial reserves it built up in the years before the financial crisis...