June 2024 Strategic-Leadership Seminar: Understanding the Higher-Ed Business Model

Monday, June 3 - 2:00 p.m. ET

What is a discount rate? Where does most of a college’s revenue come from? What is its greatest expense? For many faculty members, the financial realities of their campus – and the sustainability of its operations – are not often on their radar. Arguably, they should be. And for chairs, understanding the mounting financial pressures facing campuses, whether falling enrollment, decreased public funding, and constraints on tuition increases, is increasingly important.

As colleges explore different strategies to achieve a sustainable future, it’s essential for chairs to have the essential financial knowledge of how their institutions operate.

In this 60 minute session, you will learn:

• The financial fundamentals of different kinds of institutions
• How external pressures are reshaping colleges’ finances
• The most common financial strategies colleges pursue and how they affect academic departments

Panelist:

• Robert Kelchen, Professor and Department Head, Department of Educational Leadership and Policy Studies, University of Tennessee, Knoxville

Moderator:

• Liz McMillen, Executive Editor, Chronicle Intelligence

Access instructions for this seminar will be sent from Zoom one week, one day, and one hour ahead of the program. Please reach out to workshops@chronicle.com if you do not receive an invitation from Zoom during one of these periods. You'll receive a link to the recording and the provided resources in a separate document.

Register for all four seminars with the Seminar Bundle Package and receive digital copies of The Chronicle's Trends Report and A Toolbox for Administrators.

Visit the event page to learn more.