The Chronicle of Higher Education - People go into academic administration for all sorts of good reasons. As far as I know, however, no one ever became a chair, dean, or provost out of love for managing a budget.
Yet it's vital for any administrator to understand budget and funding processes and to oversee them with fluency and sensitivity. The days of the "academic" chair who shunted all the spreadsheets to a staff member and operated fiscally blind (and clueless) are gone or fading fast. Leadership and financial numeracy go hand in hand today. You cannot plan curriculum, class schedules, or research agendas without knowing where the money for each of those things will come from and go to.
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