A Financial Exchange

Career College Central Summary:

  • A survey of business officers conducted by the National Association of College and University Business Officers found a large number of college and university chief business officers appear to be on the verge of retirement.
  • This sectorwide shift that could usher a lot of new blood into senior administration at a time of major financial change for higher education.
  • About 40 percent of chief business officers plan to retire as their next career move, and 37 percent of those plan to leave the job within the next four years. The survey results show that if CFOs interested in leaving for other positions are included as well, as many as one in four campuses could be looking for new business officers over the next four years.
  • Turnover could bring increased diversity: including more women, members of minority groups, and individuals from outside higher education and with different backgrounds.

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