Budgets are looking up for UK business schools, with many reporting “robust financial health” following previous pandemic-related funding shortfalls, but their research spending continues to lag behind that of other fields, some academics worry.
An annual survey of deans at UK business schools by the Chartered Association of Business Schools found that 81 per cent of them saw an increase in their income last year, in a turnaround from 2020-21.
Of the schools, 44 per cent experienced a “significant” boost in revenue in 2021-22 while 37 per cent reported modest growth. The remaining 19 per cent said their income was roughly unchanged from last year.
