Uniarts Helsinki reached its degree targets in 2017
Uniarts Helsinki’s objective is to be an international forerunner in education and research and to solidify the arts as a force that reforms the society. The university has developed its learning environment in multiple ways, including by increasing students’ opportunities to choose multi-artistic study paths. The selection of joint studies has been developed and the degree structures and curricula have been reformed so that courses offered by different academies can be included in different degrees on a more flexible basis. Students are also actively given opportunities to improve their career skills as part of their core studies.
In 2017, the university exceeded its quantitative targets for doctoral and bachelor’s degrees, while the number of awarded master’s degrees was 16 fewer than the target, which was mainly due to the fact that the intake quotas to the Theatre Academy’s programmes vary extensively each year. The target number of completed master’s degrees for 2017–2020 was reached, however, when reviewing the average number calculated for three years.
The cuts on the overall funding in the Finnish university sector had an effect on Uniarts Helsinki, as well, and the university’s economy began to decline in 2017. In preparation for the decrease in funding, Uniarts Helsinki set up an adjustment programme aiming at savings of approximately 5.5 million euros by 2020, and the co-operation negotiations led to redundancies of ten employees working within the university services. The total number of personnel working within the university services will decrease by 28 full-time equivalent employees between 2017 and 2020.
In 2017, the university recorded a surplus of approximately 2 million euros (in 2016, the surplus was over 3 million euros). The operating costs were 73 (72.7) million euros, of which 57 (58) per cent were personnel costs and 25 (25) per cent facility costs. The co-operation negotiations and other adjustment measures won’t reach their full impact until 2020.
Income from investments was 1.3 (0.5) million euros. It consisted mainly of surplus realised as a result of the portfolio allocation changes made in the favourable market conditions and changing of individual investment funds. Uniarts Helsinki’s Art is a Gift capitalisation campaign was a definite success. The campaign raised 4.8 million euros, which mounted up to 10.3 million euros thanks to the Government’s matched-funding scheme. The campaign also contributed to the building of the basis and structures for long-term fundraising strategies and corporate cooperation.
The surplus and income from investments gained in previous years will be allocated towards the university’s development measures.
Uniarts Helsinki completed its fifth year of operations in 2017. Uniarts Helsinki’s Collegium confirmed the university’s annual board report and financial statement on 23 April 2018.
Jari Perkiömäki, Rector, 050 384 3454