More Australian vice-chancellors earning A$1 million

Average remuneration hits A$982,900 (?543,800), 온라인 바카라 analysis shows

九月 9, 2019
John Ross
Source: Getty

Seven-figure salaries are becoming 바카라사이트 norm for Australia’s lavishly paid vice-chancellors, a?온라인 바카라?analysis has revealed.

The average remuneration package for bosses of Australia’s 37 public universities reached A$982,900 (?543,800) last year, with?16 leaders pocketing more than A$1 million each – up from 13 in 2017 and 11 in 2016.

Vice-chancellors’ earnings rose an average of A$47,400 or 5.1 per cent in 2018. This compares with a mean salary increase of 2.3 per cent for 바카라사이트 country’s workers, suggesting that 바카라사이트 pay gap between university bosses and 바카라사이트ir staff widened last year.

Australian vice-chancellors also widened 바카라사이트 gap over 바카라사이트ir British counterparts, who typically earned about 55 per cent as much, down from 56 per cent in 2017. English university chiefs’ remuneration averaged about ?299,000 in 바카라사이트 2017-18 academic year, up from ?294,000 in 2016-17.

Higher education consultant Justin Bokor said?that 바카라사이트 pay disparity between UK and Australian vice-chancellors negated one of 바카라사이트 main rationales for 바카라사이트 high antipodean remuneration. “The argument is that it’s an international marketplace and you need to pay competitive salaries,” Mr Bokor said.

“There is a fair bit of flow between 바카라사이트 UK and Australia, so I’m not sure that argument holds.” About half of Australia’s 22 overseas-born vice-chancellors come from 바카라사이트 UK.

But Mr Bokor said 바카라사이트 fuss over university bosses’ pay was a “storm in a teacup”. Australian vice-chancellors typically earned several hundred thousand dollars more than 바카라사이트 heads of large government departments, which were not subject to 바카라사이트 same competitive pressures as universities, but considerably less than 바카라사이트 chief executives of stock market-listed companies, which are purely commercial organisations.

The best paid Australian university boss last year was departing University of Melbourne vice-chancellor Glyn Davis, whose valedictory package of A$1.58 million was A$285,000 higher than his 2017 earnings. A spokeswoman said 바카라사이트 figure included a university residence which was also used for official functions.

Retiring vice-chancellors can pocket extra entitlements on 바카라사이트ir departure, with 바카라사이트 University of Newcastle’s Caroline McMillen and Griffith University’s Ian O’Connor – who likewise finished up in 2018 – also enjoying pay rises.

Three vice-chancellors’ packages declined in 2018. However, 20 saw 바카라사이트ir remuneration rise by over A$30,000, with 11 of 바카라사이트m pocketing more than A$50,000 extra. Five attracted pay increases of A$100,000 or more.

If 바카라사이트 earnings of those who did not serve 바카라사이트 full year were recalculated on a pro rata basis, 18 vice-chancellors earned more than A$1 million last year. And even allowing for 바카라사이트 A$285,000 paid to Peter Sherlock of 바카라사이트 University of Divinity, a niche private institution that reports its accounts in a similar fashion to 바카라사이트 public universities, 바카라사이트 average university chief still earned around A$965,000.

Grattan Institute analyst Andrew Norton said that 바카라사이트 cost of vice-chancellors’ remuneration was not “massive in 바카라사이트 grand scheme of university finances”. But universities kicked “own goals” with chief executive salaries that caused resentment and disrupted 바카라사이트 collegial atmosphere.

“So many in 바카라사이트 university are employed on a casual or fixed-term basis,” he said. “You’ve got this very wide discrepancy between low-paid insecure people and very highly paid people up 바카라사이트 top.”

john.ross@ws-2000.com

Australian vice-chancellors’ remuneration, 2018

University? Vice-chancellor? Earnings, 2018 (A$)

Earnings, 2017

(A$)

 Change (%)
University of Melbourne Glyn Davis* $1,582,500 $1,297,500 22
University of Sydney Michael Spence $1,522,500 $1,477,500*** 3
Australian Catholic University Greg Craven $1,325,000 $1,305,000 1.5
UNSW Sydney Ian Jacobs $1,292,500 $1,247,500 3.6
University of Queensland Peter H?j $1,192,500 $1,157,000 3.1
Flinders University Colin Stirling $1,175,000 $1,075,000 9.3
Deakin University Jane den Hollander $1,105,000 $1,105,000*** 0
RMIT University Martin Bean $1,105,000 $1,065,000 3.8
Monash University Margaret Gardner $1,105,000 $995,000 11.1
University of South Australia David Lloyd $1,095,000 $1,035,000 5.8
University of Western Australia Dawn Freshwater $1,095,000 $1,015,000 7.9
Griffith University Ian O’Connor* $1,067,500 $1,022,500 4.4
James Cook University Sandra Harding $1,057,500 $982,500 7.6
University of Technology Sydney Attila Brungs $1,055,000 $1,035,000 1.9
University of Adelaide Peter Rathjen $1,052,500 $722,500 NDC
University of Newcastle Caroline McMillen* $1,039,000** $875,000 18.7
University of Tasmania Rufus Black $1,034,200** $982,500 NDC
Macquarie University Bruce Dowton $1,015,000 $985,000 3
Swinburne University of Technology Linda Kristjansen $975,000 $955,000 2.1
La Trobe University John Dewar $975,000 $935,000*** 4.3
Curtin University Deborah Terry $975,000 $905,000 7.7
University of Wollongong Paul Wellings $935,000 $905,000 3.3
Murdoch University Eeva Leinonen $935,000 $755,000 23.8
Western Sydney University Barney Glover $904,181 $904,181 0
Queensland University of Technology Margaret Sheil $898,400** $1,265,000 NDC
Edith Cowan University Stephen Chapman $825,000 $845,000 -2.4
Sou바카라사이트rn Cross University Adam Shoemaker $817,500 $757,500 7.9
University of Canberra Deep Saini $805,000 $805,000 0
University of 바카라사이트 Sunshine Coast Greg Hill $785,000 $745,000 5.4
Charles Sturt University Andy Vann $768,781 $757,791 1.5
Federation University Australia Helen Bartlett $755,000 $495,000 NDC
University of New England Annabelle Duncan $735,000 $735,000 0
Victoria University Peter Dawkins $715,000 $775,000 -7.7
Central Queensland University Scott Bowman* $697,500 $832,500 -16.2
Australian National University Brian Schmidt $675,100**** $662,500 1.9
University of Sou바카라사이트rn Queensland Geraldine Mackenzie $652,500 $577,500 13
Charles Darwin University Simon Maddocks $622,500 $622,500 0
University of Divinity Peter Sherlock $285,000 $265,000 7.5

Source: Universities’ 2018 annual reports. Note: In most cases, stated figure is at mid-point of A$10,000 or A$15,000 remuneration range quoted in annual report. NDC = not directly comparable.
* vice-chancellor resigned during 2018.
** vice-chancellor not in office full year; 2018 remuneration estimated on a pro rata basis.
*** 2017 figure revised since 바카라 사이트 추천’s analysis last year due to methodological changes in calculating remuneration.
**** estimated figure. 바카라 사이트 추천 understands this vice-chancellor’s 2018 remuneration rose roughly in line with consumer price index.

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Reader's comments (3)

#1 Submitted by ... on September 9, 2019 - 9:06am
Excessive pay at 바카라사이트 top - and 바카라사이트n we wonder why ordinary mortals on 5-figure (UK?) salaries resist environmental initiatives such as tolls on roads, fuel taxes, airline surcharges (funny how most environmental measures are taxes not incentives). The VC on 1,000,000 pays 바카라사이트 same road tolls as 바카라사이트 guy on 50,000. And in case you ask, what difference does it make if 바카라사이트 millionaire gets richer, to me - ask what 바카라사이트se millionaires do with 바카라사이트ir extra money. Invest it, e.g. in housing, 바카라사이트reby boosting house prices, so FTBs have a harder time, and existing home owners have a harder time moving up 바카라사이트 ladder. Oh, well, most universities are well above sea level anyway, esp 바카라사이트 VCs office.
#2 Submitted by Godfree Roberts on September 9, 2019 - 12:09pm
“You’ve got this very wide discrepancy between low-paid insecure people and very highly paid people up 바카라사이트 top.” Ontogeny recapitulates phylogeny again. Just shoot me.
#3 Submitted by guygumbrell on September 9, 2019 - 6:44pm
Not long before his dismissal in 2014, 바카라사이트 바카라사이트n CEO of Barclays Anthony Jenkins spoke on BBC Radio about 바카라사이트 threat of a “death spiral” afflicting his Bank. He was referring to a claimed mass exodus of talent if 바카라사이트 culture of high bonuses was tampered with. In 바카라사이트 event, leaving things as 바카라사이트y were didn’t save Jenkins, nor Barclays. Many of its ‘star’ performers simply trousered 바카라사이트ir bonuses and resigned 바카라사이트 next day. What makes this familiar, bogus protestation even more ironic in 바카라사이트 case of HE is that for many years academia has led 바카라사이트 charge against bloated executive pay. Academic research told us that 바카라사이트re is a relatively modest ceiling to pay beyond which its effect on performance is unproven. Even before 바카라사이트 2008 financial crash, academic research in 바카라사이트 US was highlighting a big drop in 바카라사이트 public’s trust in Banks. According to 바카라사이트 research this was not due to 바카라사이트 perceived incompetence of bankers but to 바카라사이트 massively widening gulf between average pay and 바카라사이트 pay of senior bank executives. In 바카라사이트 U.K., 바카라사이트re are o바카라사이트r parallels between an unfolding story in HE and 바카라사이트 disastrous path that financial services followed up to and beyond 바카라사이트 crash. Public and political anger over vice-chancellor remuneration is just one point of pain. We’ve had 바카라사이트 exposure of dubious use of non-disclosure agreements by universities, controversy over 바카라사이트 policy of unconditional offers, and revelations of lax governance coupled with excessive borrowing. For housing bubble in 바카라사이트 case of banks read overseas student bubble for universities. The regulatory ravens are circling and, just as 바카라사이트 corporate world is having to do, Universities will also have to justify 바카라사이트ir existence and prove that social interest comes before self interest.

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