Spotlight for Career Services ProfessionalsMay 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.
Source: Career Services Benchmark Surveys, National
Association of Colleges and Employers
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