Annual report: CBS sets new external funding record
As part of the strategy, CBS wishes to increase external funding. This goal was indeed achieved in 2022, where the grant amount was DKK 211m, which is the highest so far. In 2021, the figure was DKK 150.2m.
This increase is among other things owing to several big grants for CBS in 2022, e.g. DKK 59.4m for the new centre of excellence, Center for Big Data in Finance. In addition, CBS has received a significantly larger amount of funding from the EU than in previous years.
The report also includes the following points:
- The number of full-time academic equivalents has increased to 712 and is the result of the wish to build a larger capacity of faculty for teaching and research.
- CBS’ AACSB accreditation has in 2022 been extended for another five-year period. The university thus continues to hold a Triple Crown accreditation which includes accreditations from EQUIS, AMBA and AACSB. Less than 1% of business schools worldwide hold a Triple Crown.
- In 2022, CBS had a deficit of DKK 47m, which is DKK 38m more than the budgeted deficit of DKK 9m. However, the expected growth of CBS’ largest source of income, the activity-based income we receive per student, also called STÅ, has failed to happen, which is also the case for the fee-based programmes (diploma programmes (HD), MBA, executive master, etc.). Simultaneously, operation costs have increased.
- The theme of Study Start 2022 broke with the myth of the perfect student.
- The nine special capabilities, which make up the Nordic Nine, have been integrated in the approximately 1400 course descriptions we have at CBS.
- CBS offers 33 English-taught programmes at undergraduate and graduate level.
- CBS has students from 96 different countries.
- CBS has made exchange agreements with 289 universities and business schools around the globe.
- Nine out of 10 CBS graduates land jobs in the private sector.
- The unemployment rate among CBS’ graduates (including graduates, who have left Denmark) has declined from 7.1% in 2017 to 4.9% in 2022. The average of all Danish universities is 9.5%.