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Business Affairs

Higher education's business model is under threat from growing price sensitivity, demographic shifts, and increased competition. We can help campus leaders adapt, set strategy, and drive change in the new financial reality.

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Business Affairs Forum

Helping Chief Business Officers and VPs Finance and Administration manage institutional finance, operations, and future strategy through peer-tested strategies and insights.
  • Serving 300+ finance and administration executives
  • 10+ years working with higher education chief business officers
“Without the conversation and [EAB] expertise, we wouldn’t have gotten what we needed to prepare so well for our upcoming budgeting season.” – Chief Operations Officer, Private Research University

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The precise financial impact of the COVID-19 outbreak is still unclear, but higher education institutions are preparing for the worst. Explore this Roadmap for five steps to create a COVID-19 financial contingency plan.

Design a hybrid budget model

Learn how to create a budget model that fits your institution’s financial needs and strategic goals.
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Facing new financial pressures from COVID-19, a growing number of institutions are contemplating furloughs as a way to avoid layoffs, retain staff, and generate short-term salary savings. Some are indefinitely furloughing staff whose jobs cannot be performed remotely. Others are asking all staff to take a pre-defined number of furlough days.

The COVID-19 crisis is still unfolding, but higher education leaders are already projecting significant financial losses and preparing for a range of challenging budget scenarios. EAB recently surveyed over 100 business and finance leaders from higher education institutions across the United States, Canada, the United Kingdom, and Ireland to learn how they’re responding to new financial pressures.

Many institutions are considering wholesale budget model changes to reinforce financial goals and strategic priorities, but there isn’t a uniform “one-size-fits-all” model that every institution should emulate. Learn how to design custom models that align with your institution’s unique strategic priorities, mission, and culture.

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