The rise to the top takes quite some time for many but Jon Palumbo, VCU’s Deputy Director of Athletics, is on the fast track.
After just two years with the Rams, it’s evident why Palumbo is positioned on the fast track.
In his first two years at VCU, Palumbo played a critical role in the development of “VCU Rising: The Black & Gold Standard”, a five-year strategic plan for department’s future.
He also instituted a zero-based budgeting system that resulted in a balanced budget at VCU in back-to-back years, a feat that hadn’t happened in nearly seven years.
“What a great time to be a Ram,” Palumbo said. “There is a tremendous energy around this program and this university right now. I can’t wait to get to work with the coaches, staff, student athletes, and VCU supporters to help this department continue to reach new heights.”
Palumbo came to VCU from the University of Maryland where he served as the Associate Athletic Director of Business for almost four years. While there, he supervised the business office staff, served as the financial contact for the President’s Commission on Intercollegiate Athletics in the fall of 2012, and managed financing for several capital projects including new turf field installation, a new basketball performance center and infield turf installation for baseball. He was also the administrative supervisor for men’s lacrosse.
Prior to working at Maryland, Palumbo spent time as the Associate Athletic Director of Business Operations at American University in Washington, D.C. While there Palumbo was responsible for management of a $9 million budget for NCAA Division I athletics programs featuring 16 sports. During his stay he managed the financing for the men’s basketball European tour in 2006 and the women’s basketball trip to Australia in summer 2007.
Before that Palumbo played a similar role at The College of William And Mary in 2005-06. He assisted in year-end budget forecasting and projections, preparation of new fiscal year’s budgeting, and year-end audit reporting.
Palumbo received his Master’s of Business Administration in 2003 from La Salle University. While working on his graduate degree he held a position as a Graduate Assistant in the Athletic Business Office. He earned his Bachelor’s in Communications from La Salle in 2001; and graduated Magna Cum Laude. During his time at the school he played on the varsity baseball team for four years, and was the captain of the squad in 2001.
Palumbo resides in Richmond.