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NACUBO Releases the 2016 National Profile of Higher Education Chief Business Officers

July 11, 2016

A new NACUBO survey of chief business officers shows who is leading business offices today, what they oversee, and their plans for the future.

Data for the 2016 National Profile of Chief Business Officers are based on responses from 713 CBOs. Roughly 87 percent of the responses came from NACUBO members, and about half came from colleges and universities with fewer than 4,000 full-time equivalent students.

Survey participants in 2016 were predominantly white males. About a third of respondents were women, which is about a 2 percentage point increase from 2013. The percentage of responding CBOs of color has risen as well but still remains low, at around 12 percent. Nearly 91 percent of male CBOs were married, compared with 81 percent of women. On average, CBOs were about 56 years old, with no substantial difference in age by gender.

For the first time, in 2016, the National Profile collected data on CBOs' salary levels. About 53 percent of all respondents reported annual salaries ranging from $150,000 - $300,000. However, salary levels varied substantially by institution type.

The overwhelming majority of CBOs (86.7 percent) reported being either "very satisfied" or "satisfied" with their jobs. This result is consistent with data collected in 2010 a¬nd 2013. However, as in any job, CBOs report some trying aspects of their positions. About 27 percent of respondents in 2016 expressed frustration with a campus "culture that resists change."

New to the survey this year is a section on succession planning for the CBO position. Nearly 44 percent of respondents indicated their next career move was to "retire," and about 44 percent of those planning to retire intend to do so within the next three years. However, 37 percent of all respondents said they had no succession plan—formal or informal—in place at their institutions.

Table 13: CBOs' Next Career Move, 2010, 2013, and 2016

Source: NACUBO 2016 National Profile of Higher Education Chief Business Officers

A complimentary copy of the full report is available online and provided with support from TIAA.

Contact

Ken Redd
Director, Research and Policy Analysis
202.861.2527
E-mail

Lesley McBain
Assistant Director, Research and Policy Analysis
202.861.2596
E-mail