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This spring is going to be quite busy for me with three faculty searches, our once-a-decade academic program review, the most travel for presentations that I have had since before the start of the pandemic, and responding to a host of media and policymaker requests about what will be happening over the next few months. Understanding budgets.
This spring, I get to teach my PhD class in higher education finance again—the eighth time that I have taught it in my eleven-year faculty career. I use articles, working papers, news coverage, and other online resources to provide a current look at the state of higher education finance. Understanding budgets.
And the school is even “conservatively forecasting” a “break-even balanced budget for fiscal year 2024,” according to NJCU President Andrés Acebo. These plans were subsequently executed when Acebo took the helm as interim president of the university in January 2023. AFT 1839 represents faculty and professional staff.
University community members convened on Tuesday to hear her speak about its planned program and faculty cuts amid the institution’s 43% enrollment decline in 13 years and $9 million budget deficit. SUNY Potsdam plans to cut up to 14 degrees from its academic catalog, including 11 bachelor’s programs. tuition increase.
The idea that academic library budgets are fungible shows ignorance of how these budgets work. Over the past couple of weeks, I worked with a number of academic librarians and an expert in higher ed finance to create a series of Q&As that explored academic library funding. Again, fair criticism.
Blogs Five Things University Leaders are Prioritizing This Year (And Two They Should Be) The results from EAB’s Spring 2023 Pulse Survey are in! Now in 2023, issues with academic readiness and social isolation are having meaningful impacts on retention and student success, including an entirely new phenomenon – “move-in melt.”
This spring, I get to teach my PhD class in higher education finance again—the eighth time that I have taught it in my eleven-year faculty career. I use articles, working papers, news coverage, and other online resources to provide a current look at the state of higher education finance. Understanding budgets.
Data-Driven Decision Making in Higher Education: Unlocking the Potential of Analytics editor Tue, 10/17/2023 - 03:18 90% of higher education leaders believe that data driven decision making is crucial for institutional success. Efficient allocation of budgets and staff. Forbes Survey. McKinsey Global Institute.
From student retention to faculty performance, keeping an eye on the right metrics is what separates thriving institutions from those that struggle to keep up. Every decision, from faculty to infrastructure, impacts the institution’s future. Keep tabs on key metrics like faculty engagement, workload distribution, and research output.
With loan repayments officially resuming in October 2023, the “later” problem cannot be put off any longer. Source: EAB Student Communication Preferences Survey 2023) --> Financial concerns are highly correlated to both stopping out and mental health challenges. Specifically, we weren’t educated on how to repay them.
Our second cohort concluded in December 2021, our third cohort wrapped up in spring 2022, our fourth occurred in fall 2022, and our fifth occurred in spring 2023. The topics covered included student success, budget models, change management, and more. All cohorts ended with presentations of the fellows’ capstone projects.
To improve effectiveness, data-driven decision-making, and the employee experience, institutions must invest in talent as a strategic capability and transform their approach to talent management. We aspire to be the trusted advisor and first place you turn when new opportunities or priorities emerge.
The OED offers no more than “The act or manner of governing” and, misleadingly in respect to universities, defines a governing body as “the managers of the institution” ignoring the concept of ‘shared governance’ between governing bodies and senates implicit historically in the constitutions of most pre-1992 universities.
Blogs Reduce long-term cost growth to rightsize your university Higher ed's budget woes are becoming harder to ignore. As costs continue to grow faster than revenues (as they did across the last decade), it’s no surprise that institutions with tight budgets or outright deficits are reopening the cost savings playbook.
Accreditation from the HEC ensures that an institution meets a set of rigorous standards related to program quality, faculty qualifications, and student support services. The HEC also evaluates the institution's overall management and governance, including its financial stability, facilities, and human resources.
So there’s a real paradigm shift among institutional staff, faculty. Melanie Booth (04:46.334) So the Higher Learning Commission launched an innovation division in 2023 called the Credential Lab. Melanie Booth (13:29.902) you Matthew Sterenberg (13:33.023) look different or maybe I want to manage people, right?
It’s not surprising that 72% of college presidents agree or somewhat agree that their institution needs to make fundamental changes in its business models, programming, or other operations ( Inside Higher Ed’s 2023 survey of presidents ). Across-the-board budget cuts? How comfortable and confident are you in managing change?
April 25, 2023. The survey explores topics such as talent retention, carbon neutrality efforts, deferred maintenance, space utilization, and computerized maintenance management systems. Maya and Michael offer insights and advice for facilities managers on ways to prioritize and make meaningful progress on all these challenges.
November 14, 2023. If they are, for instance, a College of Business student, wouldn't it be great to be able to do their work/study assignment inside of the College of Business and have that many more opportunities to be connected to the faculty and the staff and other students inside of their own college?
link] Transcript Matthew Sterenberg (00:01.26) Alright, I am here with Rob Buelow, Vice President and General Manager of Education at Vector Solutions. In 2023, more colleges than ever before in the history of higher education shuttered their doors. are looking for ways to balance their budgets. [link] Only 26% of U.S.
Investments in board engagement, digital transformation and cost-cutting throughout 2023 are paying off in big ways for higher education institutions’ bottom line, according to the latest report by BDO, a financial consulting firm. While more leaders plan to increase spending in 2024, fewer plan to spend at levels predicted in 2023.
Mumpower told lawmakers that university leaders should have foreseen a housing crisis, given that it more than quadrupled its 2022–23 scholarship budget to $28.3 “In the fall of 2021, management decided to conduct an extensive recruiting campaign to bring in more students, which by itself is not an issue. million, from $5.2
26 December · Episode 187 2023 Higher Education Year in Review and 2024 Predictions 55 Min · By Dr. Drumm McNaughton Join us in our 2023 Higher Education Year in Review and Predictions for 2024. Join us in our 2023 Higher Education Year in Review and Predictions for 2024. Grade given by Deb Maue: A.
Jonathan began his career in higher education teaching political science at Morehead State University, where he was an associate professor, program coordinator, and faculty regent from 2017-2019. He received his Ph.D from Boston College and holds a bachelors degree and masters degree from the University of Alberta.
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