Universities

Victoria University of Wellington

Chancellor: Ian McKinnon
Vice-Chancellor: Professor Pat Walsh
Main Campus Key Main Campus
Wellington
AQA Academic Audit
Whole institution audit timeline: 2014
Audit Report: November 2009
Funding by TEC
81.0% Teaching and Learning
0.0% Capability
18.9% Research
0.0% Scholarships/Learners
TEC Funding
Delivery by Level
0.0% Level 1–2
0.5% Level 3–4
0.2% Level 5–6
88.5% Level 7–8
10.9% Level 9–10
Delivery By Level
Delivery by Subject
47.0% Society and Culture
12.8% Management and Commerce
11.0% Natural and Physical Sciences
8.4% Architecture and Building 
7.0% Education 
13.7% Other
Delivery By Subject

In 2012, Victoria University of Wellington’s educational performance was consistent with previous years and generally comparable with the university sector averages. Victoria remained in a sound financial position.

Responsiveness

In his introduction to the 2012 Annual Report, Chancellor Ian McKinnon noted that Victoria continued to offer a high standard of teaching and learning, well supported by its research. He explained that, during 2012, Victoria continued its development of facilities and investment to support its strategic goals. Significant progress was made on the $67 million Campus Hub project, which refurbishes the Library, provides a health and counselling centre and makes significant improvements to informal learning areas and social spaces. New initiatives included the establishment of the New Zealand India Research Institute, which involves collaboration with five other New Zealand universities, and signing Memoranda of Understanding with universities in Indonesia and Thailand.

Vice-Chancellor Professor Pat Walsh highlighted research achievements, noting Victoria’s continued commitment to developing the next generation of researchers. In 2012, Victoria had 836 PhD and 539 Master’s by Thesis students, and Victoria researchers gained grants to the combined value of $12 million from the Marsden Fund and the Ministry of Business, Innovation and Employment’s High Value Manufacturing and Services Research Fund. New programmes to support innovation were launched, including the Master of Advanced Technology Enterprise and the Master in Computer Graphics, and Victoria achieved full accreditation from the Institution of Professional Engineers New Zealand for its Bachelor of Engineering. Victoria’s Faculty of Law was ranked 23rd in the world in the 2012 Quacquarelli Symonds World University Rankings by Subject, and the new Institute for Governance and Policy Studies in the School of Government was established, following a $3 million philanthropic donation.

Enrolments at Victoria fell by 1 percent in 2012 (119 EFTS). Delivery was primarily focused at Levels 7–8 (88%) and Levels 9–10 (11%). Nearly half of Victoria’s provision was in Society and Culture (47%), with the two next largest groupings being Management and Commerce (13%) and Natural and Physical Sciences (11%).

Participation was above, or on par with, the university sector averages for Māori and under-25-year-olds. Pasifika participation was slightly below the university sector average. Participation levels have been steady for the past three years. In 2012, Victoria had 2054 full fee-paying international EFTS (2699 students).

EffectivenessTop

Victoria achieved above, or was on a par with, the university sector average on two of the educational performance indicators (course completion and student progression). Victoria also improved its course completion by 1 percentage point on the previous year.

Performance of the TES priority groups against the university sector average was on par for Māori, slightly below for Pasifika and above for under-25-year-olds. Performance among the priority groups improved for course and qualification completion. In particular, Pasifika qualification completion increased 8 percentage points.

CapabilityTop

Two Ministerial appointments were made to the council in 2012: Victoria Heine and John Selby were appointed to replace Patricia McKelvey and James Ogden. Dr Jock Phillips stepped down in 2012 after three terms of service. Total revenue increased by $12.4 million (3.7%) mainly as a result of increased revenue from student fees and other revenue, driven primarily by higher donations. Victoria reported a net surplus of $18.8 million (5.4%), which was up on the 2011 result of $14.5 million (4.3%) (mainly due to a significant one-off donation).

In 2012, Victoria reported a decrease in the revaluation reserve of $19.7 million relating to land, buildings and infrastructure, which resulted in an overall decrease in equity. At year end, the university had $45 million of commercial borrowings. During 2012, the transfer to Victoria’s title progressed of the Crown titled land and buildings managed by the university.

TES Priorities

Participation
2012 Performance Victoria University
sector 
Students under 25 79% 73%
Māori 10% 10%
Pasifika 5% 6%
Course Completion
2012 Performance  Victoria University
sector 
All  86% 86%
Students under 25 86% 86%
Māori 80% 80%
Pasifika 71% 72%
Qualification Completion
2012 Performance  Victoria University
sector 
All 77% 80%
Students under 25 70% 72%
Māori 66% 68%
Pasifika 57% 60%
Overview of Educational Performance – Formal SAC Funded EFTS only
Enrolments % of University sector 2010 2011 2012
EFTS 13% 15,827 15,578 15,459
Students 12% 20,802 20,404 19,029
Educational Performance Indicators University sector 2010 2011 2012
Successful Course Completion 86% 83% 85% 86%
Qualification Completion 80% 70% 77% 77%
Student Retention 82% 79% 81% 81%
Student Progression L1-4 62% 86% 88% 83%
Overview of Financial Performance*
Summary Financial Statements ($000) 2010 2011 2012
Revenue      
Total government revenue $145,862 $153,718 $156,311
Domestic student fees $70,953 $69,083 $72,986
International student fees $27,048 $30,008 $30,318
Other income (including research) $88,559 $83,989 $89,548
Total revenue $332,422 $336,798 $349,163
Expenses      
Personnel $178,680 $185,878 $184,733
Total expenses $313,893 $322,357 $330,393
Net surplus (after unusual and non-recurring items) $18,529 $14,514 $18,780
Assets      
Property, plant, equipment and intangibles $657,557 $680,153 $680,772
Total assets $723,098 $746,580 $745,279
Equity (net assets) $604,736 $618,958 $618,038
Cashflow      
Net cashflow from operations $48,941 $55,038 $51,975
Purchase of property, plant, equipment and intangibles $54,761 $56,497 $56,243
Other      
Staffing FTE 1,956 1,974 1,824
Total EFTS to total staff FTE ratio 9 : 1 9 : 1 9 : 1
Total EFTS to teaching staff FTE ratio (academic and tutorial) 19 : 1 19 : 1 23 : 1