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Becker College Recalibrates Operating Budget

September 25, 2019
 
 

Becker College in Worcester, Mass., on Tuesday acknowledged taking personnel action to address its operating budget.

The college, a small, career-focused private institution, released a short statement saying that less than 3 percent of its employees were affected. It did not say whether that included any faculty members.

“Becker College is an agile, innovative, and entrepreneurial organization,” the college’s statement said. “With increasing retention, rising graduation rates, and nationally and internationally recognized niche programs, we are well-positioned for the future. This week we announced some personnel decisions necessary to recalibrate our operating budget for [fiscal year 2020]. Those personnel decisions affect less than 3 percent of employees. We do not expect these measures to impact the educational experience of our 1,700 students.”

For the fiscal year ending in June 2018, the college ran very close to an even budget. It posted a $100,000 surplus, according to its 2018 audited financial statements. Net tuition and fee revenue totaled about $33.6 million and total operating revenue notched $46.3 million.

The college employed a total of 221 full-time employees and 196 part-time employees as of last fall. That included 48 full-time faculty members and 127 part-time faculty members.

A total of 1,543 undergraduates are enrolled at Becker on a full-time-equivalent basis, according to its fall 2019 census. Another 16 graduate students are enrolled. Last fall, about 1,650 undergraduates attended on a full-time equivalent basis, plus 13 graduate students.

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