Budgets and Financial Management

MOST PROGRAM MANAGERS, principal investigators, division leaders, and department chairs are bright, capable, and competent persons in their field of expertise. However, when appointments are made to administrative posts in higher education, new academic managers often come to their positions without much experience in fiscal management and administration. Prior to their appointment, the personal interactions of new academic managers with the fiscal management of the institution have primarily related to individual issues regarding salaries, benefits, and grants.