A provost is the top academic officer at a university. Not only does this person have academic responsibilities, he also handles budgetary affairs. The provost works with the university's president to determine academic priorities, and provides the funds to implement these ideas. There are many people that work under the provost. Some of these people include the dean, and all other kinds of provosts. The provost at the University at Albany is Susan Herbst. At a univeristy, the president still holds the highest amount of power.
http://www.provost.umich.edu/about/what.html
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