|Salary||$36,750 - $77,036|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$32,251 - $75,453|
|Hourly Rate||$14.32 - $30.09|
|Overtime||$8.80 - $40.72|
|Total Pay (||$32,251 - $75,453|
Job Description for Bursar
A bursar is often an employee of a university or private school, who is in charge of supervising student enrollment fees, accounts, payments, and reports. Bursars can also work on cruise ships and in other environment that involve financial accounts. A bursar at a school typically supervises a department, which handles what are often complex and widely varying arrangements. The bursar's office typically interfaces and exchanges information with a financial aid department, but is not typically involved in helping students secure such aid. The bursar does issue regular statements to students showing monies owed, payments made, and current outstanding balances.Read More...
The bursar and his or her office traditionally process all requests for payment from the university, as well as payments for school-managed dormitory housing and meals. The bursar typically helps to set policies that determines acceptable forms of payment, payment periods, and actions allowed to collect funds owed to the school. The bursar also helps to ensure that statements sent to students are accurate and reflect current payment status.
Bursars are typically professional accounts receivable managers who have extensive experience in academic environments. Most bursars have college degrees in business or finance, as well as education or experience in management. A bursar often makes hiring and training decisions for the bursar's office as well, and he or she will often perform assessments of relevant employees. A bursar typically works in an academic office environment during regular daytime hours.
- Maintain student financial services payment records for tuition and fees to ensure payments are made on time.
- Develop forecasts of school revenue to aid in budget preparation.
- Supervise the work of assistant bursars and other student financial services staff.
- Notify students of account status and develop payment plans to help students pay for tuition.
Pay by Experience Level for Bursar
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Bursars — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience have a median salary of $45K. Those who have been around for five to 10 years can expect to take home more — $53K on average. On average, Bursars make $55K following one to two decades on the job. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $65K.
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Key Stats for Bursar
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