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.
Bursar Job Listings
Search for more jobs:
Pay by Experience Level for Bursar
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Bursars, more experience in the field does not usually mean bigger paychecks. Workers with less than five years' experience earn around $45K on average, and those who have five to 10 years under their belts see a higher median salary of $54K. For Bursars, 10 to 20 years of experience on the job amounts to an average salary of $55K. As Bursars reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $66K.
Related Job Salaries
Key Stats for Bursar
Rated 5 out of 5
based on 21 votes.