• Trends in Career Services Operating Budgets

    Spotlight for Career Services Professionals
    May 14, 2014

    Fiscal year 2014 (FY2014) represents the first year for overall improvement in career services operating budgets since the recession, according to data from NACE’s Career Services Benchmark Surveys over the past five years.

    During FY2014, the overall average operating budget climbed substantially, from $69,887 in FY2013 to $89,819 in FY2014. (See Figure 1.)

    Meanwhile, the median for all respondents improved somewhat more modestly, from $30,000 in FY2013 to $33,650 in FY2014. This was the first year for improvement in the median career services operating budget since FY2010.

    Nevertheless, the overall median operating budget for career services departments is still less than it was at the height of the recession, and a greater percentage of respondents are still reporting decreases in their budgets than those reporting increases. (See Figure 2.)

    Details about NACE’s Career Services Benchmark Survey are available at www.naceweb.org/surveys/career-services.aspx.

    Figure 1: Career Services Operating Budgets by Fiscal Year

    Fiscal Year Mean Median
    FY2010 $72,616 $34,000
    FY2011 $74,711 $33,000
    FY2012 $66,162 $31,000
    FY2013 $69,887 $30,000
    FY2014 $89,819 $33,650

    Source: Career Services Benchmark Surveys, National Association of Colleges and Employers

    Figure 2: Change in Operating Budgets by Fiscal Year

    Fiscal Year Percentage of Respondents Reporting Budget Increase Percentage of Respondents Reporting Budget Decrease
    FY2010 8.8 57.5
    FY2011 17.1 37.9
    FY2012 22 27.5
    FY2013 22.8 23
    FY2014 22.9 25.1

    Source: Career Services Benchmark Surveys, National Association of Colleges and Employers


Trends in Career Services Operating Budgets