1.Name 2.Title 3.Institution 4.Length of time in current role 5.Your earliest career ambition.
Post on 14-Dec-2015
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White Male 56 years old Married Advanced degree 8 years at current
institution Satisfied with job Higher Ed experience
Increased Retirements are Imminent
• 40% say next career move is retirement• 37% plan to retire in 3 years or less
Most CBOs come from within Higher Ed
• 14% have spent entire career in higher ed• 17% are new to higher ed
Over time, the role of the Chief Business Officer (CBO) has changed from….
• “Back office” to “key spokesperson”
• “Numbers only” to “overall strategy”
• “Solitary administrator” to “collaborative leader”
• “Revenue and expense manager” to “entrepreneur and cost cutter”
CBOs are asked to be more…
• In tune with the academic side• Aware of legal and regulatory
issues• Attentive to data and information
technology• Focused on human resources and
talent management• Mindful of external politics• Well-versed in facilities and
construction• Committed to teach and explain
financial information to key constituents
CBO Areas of Responsibility
• No significant changes in past 3 years.
• Slight uptick in 2013 in the number of CBOs who were responsible for auxiliary services.
As you reflect back on your experiences as a CBO or working with CBOs, what parts of the data presented thus far surprise you?
CAO Demographics
A Composite CAO: 57 years old Has worked for 1 president Years of administrative experience: 12 Years of primarily teaching/research: 12 Internal hire. Most often a college dean.
Source: ACE CAO Census
CAO Demographics Equally likely to retire, assume a presidency,
or return to the faculty. (12% serve as a CAO elsewhere)
73% are #2 at their institution 56% Male, down from 60% in 2010. 86% White, 4% African Am., 4% Hispanic, 3%
Asian Am., 2% Multi., 1% Native Am. 5% identify as LGBTQ
Source: ACE CAO Census
1. Supervising and managing personnel (including deans)
2. Academic programs and curriculum
3. Accountability, accreditation, and assessment
4. Strategic planning
5. Hiring, promoting, and retiring faculty
Source: ACE CAO Census
1. Setting the academic vision of the institution
2. Ensuring student success
3. Strategic planning
4. Supervising and managing personnel
5. Advocating on behalf of faculty
Source: ACE CAO Census
1. Lack of time to think and reflect
2. Never enough money
3. Difficulty cultivating leadership in others
4. Belief that you are infinitely accessible
Source: ACE CAO Census
Best and Most Challenging Relationships
Source: ACE CAO Census
Best Most challenging0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1% 5%10%
25%24%
8%
15%22%
9%
20%
41%
20% President
CBO
Other VPs (not CBO)
Deans
Faculty
Other
Some Common Issues
Improving retention and degree completion 56%Budget shortfalls 43%Improving academic performance of underprepared students 43%Rising demands for assessment from accreditors 27%Rising demands for assessment from state and federal agencies 27%Expanding online education programs 24%Recruiting better prepared students 22%Re-envisioning the role of faculty in teaching and instruction 18%Maintaining the quality of academic programs and services 17%
Issues Facing Your Institution This Year That Will Be a Challenge(% indicating strong agreement, N=1,081)
Source: InsideHigherEd CAO Survey
Some Common Strategies
Increasing collaboration with other colleges and universities 85%Expanding online programs and offerings 76%Funding programs based on the alignment with our mission 74%Cutting underperforming academic programs 58%Dismissing underperforming faculty 50%Promoting retirement of older faculty 40%Increasing use of part-time faculty 24%
CAOs Planning to Increase Emphasis on the Following Practices(% stating yes)
Source: InsideHigherEd CAO Survey
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