Mission and Margin

A Practical Guide to University Finances

Daniel Diermeier, Brett C. Sweet

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Hardback

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English

University of Chicago Press
18 December 2025

Funding of education & student finance; Higher & further education, tertiary education

An insider's guide to university finances, for non-insiders.

The finances of higher education have never been more challenging. From two-year institutions to the Ivy Leagues, from department chairs to provosts, administrators face revenue shortfalls and financial insecurity. A fundamental understanding of financial management is more essential than ever for university leaders at every level—as is a true partnership between academic leaders and their CFOs.

In Margin and Mission, Daniel Diermeier and Brett Sweet distill the principles for successful financial management in higher education, based on their work together at Vanderbilt University. Their concise, practical guide develops the reader's understanding step-by-logical-step with the help of real-world examples. Margin and Mission aims to give university leaders, from board members to department chairs, the knowledge to make sound economic decisions that preserve their institutions' purpose—even in the face of uncertainty.

By: Daniel Diermeier, Brett C. Sweet
Imprint: University of Chicago Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm,
Weight: 454g
ISBN: 9780226844145
ISBN 10: 0226844145
Pages: 256
Publication Date: 18 December 2025
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Daniel Diermeier is chancellor of Vanderbilt University and formerly the provost of the University of Chicago. He is the author five books, most recently of Reputation Analytics, also published by the University of Chicago Press. Brett Sweet is vice chancellor for finance and information technology and chief financial officer of Vanderbilt University. He formerly was the dean for administration and finance at Harvard University’s Faculty of Arts and Sciences.

Reviews for Mission and Margin: A Practical Guide to University Finances

“With clarity and concision, Mission and Margin does a terrific job of providing a primer on university finances for academic leaders (from chairs, deans, and provosts to presidents).” -- Sandro Galea | author of ""Within Reason: A Liberal Public Health for an Illiberal Time"" “Mission and Margin constructs a clear and accessible framework for understanding the financial management of universities for those who may understand the educational mission but have limited knowledge of the subtleties that arise when accounting concepts, appropriate to for-profit enterprises, are applied to universities.” -- John Y. Campbell | Harvard University