Nearly a third of UK business schools are expecting their income to decrease in 2023-24, according to a sector survey, with more missing student recruitment targets – particularly at postgraduate level.
This year’s annual poll of members of the Chartered Association of Business Schools (CABS) reveals a mixed picture among deans, with potentially worrying implications for parent universities that rely on income generated by the schools.
Asked how income levels could change this academic year, the percentage of those expecting an increase dropped from 77 per cent last year to 45 per cent. Thirty per cent say they are expecting a decrease in income whereas only 2 per cent said the same in 2022-23.
At the same time, the costs of running a business school are rising, according to the survey, with 64 per cent of respondents stating that this year actual expenditure has been higher than expectations.
