Virginia Tech is the Commonwealth’s flagship research university, and it has set ambitious goals to increase R&D funding and rise in the rankings of the nation’s top research universities. Unfortunately, during the early 2000s, during the most recent years for which data is available, Tech didn’t rise in the rankings — it slipped.
The competition between research universities is brutal. Every research institution has set its sights upon increasing its rankings, so a university like Virginia Tech has to run hard just to stay even. According to TheCenter Top American Research Universities, the most authoritative ranking available, Tech pulled in $216.3 million research dollars in 2001, enough to score 45th nationally. Two years later, the Hokies raked in $247.8 million, a 14.6 percent increase, but still fell to 50th place.
Clearly, there was an enormous amount of research money sloshing around, and other universities were more adept at getting it. During the same two years, the University of Virginia surged from a rank of 76 to a rank of 66. Even Virginia Commonwealth University squeezed out a few extra notches, rising from 103 to 100.
What’s the problem in Blacksburg? TheCenter offers at least one clue. Virginia Tech may suffer a competitive disadvantage from its small endowment — $371 million, ranking a meager 126th among the 200 research institutions surveyed. Universities rely upon their endowments to supplement the salaries of prestigious faculty and to support teams of graduate students. Tech also generated $67 million in annual given, only enough to rank it 66.
The good news is that Tech seems to be beating the odds — its No. 50 ranking is clearly superior to its financial metrics. So, the university must be doing something right. As an institution lacking a medical school, typically a major magnet for research dollars, Tech leans heavily upon its highly respected engineering school to find research dollars. Any serious inquiry into Tech’s enduring strength, and its recent tumble in the rankings, needs to focus there. We will take a closer look in a future post.




