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Money Matters:
Financial Management
in Higher Education

E D U  6 2 1 8

W I N T E R   2 0 2 1

DESCRIPTION

Offers students an opportunity to develop the practical skills and competencies necessary to build and manage budgets, advocate for and allocate both human/financial resources, and effectively articulate how strategic initiatives translate into budget requests. Linking theory to practice, successful students develop core financial management competencies while also being exposed to how colleges/universities approach critical fiduciary responsibilities. Developing both a conceptual and practical understanding of the financial management strategies employed within today’s changing landscape of higher education is critical to professional success.

REFLECTION

I have spent many months wondering about what decisions are being made and how they are being made as it pertains to my work professionally. While I am unsure if I have grasped a complete answer, this course has given me all of the necessary tools to understand the general structure of my department's budget - and the necessary tools to ask questions. I am especially excited to begin implementing at least part of my proposal (if not successfully utilizing the whole budget!) to make my department better. 

Most of my focus in this program has stemmed from a need to understand why our system is the way it is; in particular, I have focused on the question "why does college cost so much?" At this point, I have determined that there is no satisfactory answer, as most of the US system of higher education (and education as a whole) seems to be in disarray; however, even if the answer is not satisfactory, I now have a better explanation of how this system functions financially. This will allow me to continue my work in learning how best to support students across all backgrounds, and make higher education a more equitable and safe space.

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