(Washington, DC)—Five issues are posing the biggest challenges for higher education business offices this year, according to a new report by the National Association of College and University Business Officers.
With input from its membership, NACUBO’s top five issues in 2023 are:
- Supporting and Maintaining the Workforce
- Ensuring Successful Student Outcomes
- Securing and Modernizing Technology Systems
- Navigating Affordability and Enrollment Management
- Meeting Physical Infrastructure Needs
A new report, compiled from results of an annual survey as well as feedback from small-group discussions, outlines each of the challenges, with resources to help higher education leaders navigate the issues. NACUBO will create professional development programming over the next year to help business officers successfully tackle these challenges and help their institutions chart a successful course forward.
“This annual survey serves as an important pulse-check for the higher education sector,” said Kara D. Freeman, president and CEO of NACUBO. “Our members are intent on turning challenges into opportunities and steering their institutions with strategic agility and business acumen, and NACUBO is here to support them.”
This is the second year NACUBO has conducted a survey to identify the most challenging issues facing higher education business offices. This year’s survey was completed by 144 respondents.
NACUBO, founded in 1962, is a nonprofit professional organization representing chief administrative and financial officers at more than 1,700 colleges and universities across the country. NACUBO works to advance the economic vitality, business practices, and support of higher education institutions in pursuit of their missions. For more information, visit www.nacubo.org.