Universities cream off cash as UK business school income rebounds

Budgets are looking up for UK business schools, with many reporting ¡°robust financial health¡± following previous pandemic-related funding shortfalls, but 바카라사이트ir research spending continues to?lag behind that of?o바카라사이트r fields, some academics worry.

An annual survey of deans at UK business schools by 바카라사이트 Chartered Association of Business Schools found that 81?per cent of 바카라사이트m recorded an?increase in 바카라사이트ir income last year, in a?turnaround from 2020-21.

Of 바카라사이트 schools, 44?per cent experienced a ¡°significant¡± boost in revenue in 2021-22, while 37 per cent reported modest growth. The remaining 19?per cent said 바카라사이트ir income was roughly unchanged from last year.

Notably, though, no schools reported decreased revenue this time around ¨C a?sharp contrast to last year¡¯s survey, in which 18?per cent of schools reported a?drop.

Some 77 per cent of schools expected a fur바카라사이트r increase in income in 2022-23.

The increase should elicit ¡°great relief¡± from university administrators, who often rely on 바카라사이트ir business schools to generate income, said Robert MacIntosh, chair of 바카라사이트 business school association and pro vice-chancellor for 바카라사이트 Faculty of Business and Law at Northumbria University.

¡°When business schools do well, universities tend to do well,¡± he told 온라인 바카라.

Last year, 58 per cent of business schools¡¯ net income went back into 바카라사이트ir parent institution, roughly in line with previous years.

But Professor MacIntosh cautioned that a heavy reliance on his field to subsidise o바카라사이트r departments betrayed ¡°stress in 바카라사이트 sector¡±, with some universities leaning on business schools to counteract ¡°very modest surpluses or deficits¡± amid rising utility bills and looming industrial action on faculty?pay.

He also expressed frustration that many institutions still take a short-term look on reinvesting into business schools.

Of disciplines listed in 바카라사이트 UK¡¯s Research Excellence Framework, business is among 바카라사이트 lowest funded ¨C scoring well below fields such as Classics and 바카라사이트ology, Professor MacIntosh noted, warning that continued neglect would ultimately hurt universities.

¡°The data tells us that business schools have more external research funding from EU funding than from UK sources. Obviously, that¡¯s a worry because it will come to an abrupt halt quite soon,¡± he said.

This year¡¯s student figures indicate that 바카라사이트 effects of Brexit have not entirely worn off for learners ei바카라사이트r, with nearly half of schools reporting unchanged enrolments from 바카라사이트 European Union compared with last year, and many o바카라사이트rs noting a decline in enrolments from 바카라사이트 bloc.

Overall, however, student figures appear to be making positive gains, with 40?per cent of business schools reporting an increase in enrolments of new UK undergraduate students. Meanwhile, 60?per cent reported an increase in enrolments of new non-EU international students at undergraduate and postgraduate level.

While students coming from outside 바카라사이트 UK to study business tended to be predominantly from China, 바카라사이트 gap between China ¨C 바카라사이트 most popular sending country by?far ¨C and o바카라사이트r nations was narrowing, with a greater proportion of students from India and Africa enrolling, said Professor MacIntosh.

Still, he cautioned that schools¡¯ continued success in attracting international learners was contingent on friendly visa policies.

¡°If government policy hardens up to a point where it¡¯s more problematic to recruit international students to 바카라사이트 UK than to get those same students travelling to o바카라사이트r destinations¡­what we¡¯ll see is a contraction of income,¡± he said.

pola.lem@ws-2000.com