Since tuition fees were increased to a maximum of £9,000 per annum, the higher education sector has become more politicised and institutions are now finding themselves operating in a climate of more league tables and publicly available information.
Ensuring that risks are managed effectively, efficiently and proportionately helps to mitigate the potential for negative events to unfold. Many risks are interlinked and it is important for the governing body and audit committee to continue to manage the entire risk profile (including ‘exceptional’ and ‘business’ as usual risks).
This report provides an in-depth analysis of the contents of institutions’ risk registers across 20 of our higher education clients. The focus of our analysis was to understand the risks higher education institutions (HEIs) had identified as significant in relation to three core areas, primarily selected to reflect the increased profile of discussions at committee meetings.
Our three core areas of analysis focus on:
- tuition fees;
- internationalisation; and
- UK visas and immigration.
The risks that institutions face are much broader, therefore we have examined every risk from our sample of risk registers and have also considered notable emerging risk themes such as joint delivery and partnerships, student recruitment and financial sustainability.
Download our risk register analysis and compare your own understanding of your institution’s current risks against others in the sector, and make sure you and your teams are considering and managing these risk exposures in a suitable manner.