Issue link: http://www.e-digitaleditions.com/i/535050
34 BizEd JULY | AUGUST 2015 Ask any dean what his or her biggest concern is today, and it's likely to revolve around revenue—where it's coming from, where it's going, and how much is available. Tuition, the largest source of revenue for most business schools, has become especially problematic as increased govern- ment scrutiny and public pushback are limiting how much schools can rely on tuition increases. But how much have business schools hiked their tuition rates over the last five years? From where do they draw the rest of their funding? The following data, based on respons- es to questions in the finances module of AACSB Interna- tional's Business School Questionnaire, provide a sense of how the money flows within business school programs. AVERAGE TUITION BY REGION* SOURCES OF FUNDING Money Matters *499 schools responding for BBA programs, and 474 responding for MBA programs. All sums are in U.S. dollars. ASIA BBA PROGRAMS EUROPE OCEANIA NORTH AMERICA CENTRAL/ SOUTH AMERICA GLOBAL AVERAGE $10,000 $15,000 $20,000 $5,000 $0 2009-2010 2013-2014 MBA PROGRAMS ASIA EUROPE OCEANIA NORTH AMERICA CENTRAL/ SOUTH AMERICA $0 $10,000 $20,000 $30,000 $40,000 $50,000 GLOBAL AVERAGE 83.82% TUITION/FEES, GOV'T APPROPRIATIONS/INST. ALLOCATION 3.55% FUNDS FROM ENDOWMENT 2.82% OTHER SOURCES 2.54% OTHER CHARGES TO STUDENTS 2.53% PRIVATE GIFTS & GRANTS: RESTRICTED 1.56% NON-DEGREE EXEC. ED 1.37% PRIVATE GIFTS & GRANTS: UNRESTRICTED 1.31% GOVT. GRANTS & CONTRACTS 0.51% PRIVATE CONTRACTS *based on responses from 300 schools NORTH AMERICA* *based on responses from 31 schools 76.09% TUITION/FEES, GOV'T APPROPRIATIONS/INST. ALLOCATION 9.87% NON-DEGREE EXEC. ED 5.40% OTHER SOURCES 2.88% PRIVATE CONTRACTS 2.53% GOVT. GRANTS & CONTRACTS 2.43% OTHER CHARGES TO STUDENTS 0.41% FUNDS FROM ENDOWMENT 0.31% PRIVATE GIFTS & GRANTS: RESTRICTED 0.08% PRIVATE GIFTS & GRANTS: UNRESTRICTED EUROPE* 84.3% TUITION/FEES, GOV'T APPROPRIATIONS/INST. ALLOCATION 6.6% GOVT. GRANTS & CONTRACTS 5.5% NON-DEGREE EXEC. ED 1.3% FUNDS FROM ENDOWMENT 1.1% PRIVATE GIFTS & GRANTS: RESTRICTED 0.4% OTHER SOURCES 0.3% OTHER CHARGES TO STUDENTS 0.3% PRIVATE CONTRACTS 0.1% PRIVATE GIFTS & GRANTS: UNRESTRICTED *based on responses from 11 schools ASIA* $7,914 $6,318 $7,116 $13,444 $8,608 $12,464 $25,467 $40,027 $28,433 $27,292 $29,473 $28,308 $8,571 $9,838 $9,006 $16,584 $11,846 $15,477 $30,520 $45,754 $41,525 $34,907 $34,392 $35,702 34 BizEd JULY | AUGUST 2015