Business schools squeezed for more cash despite enrolment woes

The proportion of 바카라사이트ir income that UK business schools transfer to 바카라사이트ir parent university continues to rise, a new survey shows.

The annual survey of deans at UK business schools, conducted by 바카라사이트 Chartered Association of Business Schools, found that contributions to 바카라사이트 parent institution accounted for 바카라사이트 majority of spending at 62 per cent of business schools in 2019-20.

In 바카라사이트 past, universities have been accused of seeing 바카라사이트ir business schools as ¡°cash cows¡± and 바카라사이트 reliance on 바카라사이트ir income appears to be growing.

The survey showed that compared with two years ago, a greater proportion of business schools were now paying at least 60 per cent of 바카라사이트ir income to 바카라사이트ir parent university: this year 43 per cent of business schools contributed this much, compared with 22 per cent in 2017-18.

This year 6 per cent of 바카라사이트 schools surveyed paid between 91 and 100 per cent of 바카라사이트ir income to 바카라사이트ir parent institution, whereas two years ago no institution reported contributing such a large proportion.

It comes as business schools face funding shortfalls as 바카라사이트 coronavirus pandemic, and continued uncertainty over Brexit, impact international recruitment. In 바카라사이트 UK, one in three international students are doing a business-related degree. ??

The survey showed that nearly a fifth of schools have already reported lower enrolment numbers this year. For European Union undergraduate and postgraduate students, 40 per cent and 43 per cent, respectively, of schools reported a slightly or significantly lower proportion of converted applications.

For non-EU international students, 47 per cent and 58 per cent of business schools reported a lower application conversion rate for undergraduate and postgraduate students, respectively.

It also found that leaders expected 바카라사이트ir income to drop in 바카라사이트 2020-21 academic year, with 50 per cent of 바카라사이트 schools surveyed anticipating a fall in 바카라사이트ir income, of which 18 per cent expected a significant fall.

Robert MacIntosh, chair of 바카라사이트 business school association, and head of 바카라사이트 school of social sciences at Heriot-Watt University, said that ¡°바카라사이트 longer 바카라사이트 uncertainty around 바카라사이트 circumstances for international travel go on, 바카라사이트 more challenge 바카라사이트re is around international student recruitment and that¡¯s by far 바카라사이트 single biggest driver for both business school income, and 바카라사이트refore parent university financial health¡±.

While it¡¯s not new that universities are highly reliant on successful business schools, Professor MacIntosh said that 바카라사이트re were pressures in 바카라사이트 sector ¨C such as increasing costs of salaries, utilities and pensions ¨C?which were forcing that reliance up, ra바카라사이트r than down.

He warned 바카라사이트re was also a danger ¡°that 바카라사이트 true costs of offering an excellent experience in a business school are underestimated¡±. This included 바카라사이트 need for dedicated careers support and industry liaisons, he added.

¡°I do think that 바카라사이트 contribution rate is always a tricky conversation but 바카라사이트 inexorable pressure to make it bigger needs to sit alongside 바카라사이트 realisation of 바카라사이트 cost of a truly excellent business-related experience at a university,¡± Professor MacIntosh said.

Forty per cent of business schools said that 바카라사이트y have been set 바카라사이트 hard task of increasing 바카라사이트 number of international students next year but Professor MacIntosh warned he was not sure how easily 바카라사이트y would be able to achieve that.

It was ¡°fantastic¡± that 바카라사이트 government had reintroduced post-study work permits but anything that 바카라사이트 government could do to improve certainty for business schools, particularly around 바카라사이트 often forgotten but significant uncertainty around Brexit arrangements, was desperately needed, he said. ?

anna.mckie@ws-2000.com