Vice-chancellors of large research-intensive universities in 바카라사이트 UK’s Russell Group were paid?nearly ?332,000 on average in 바카라사이트 past academic year, a 온라인 바카라 analysis shows.
With 바카라사이트 high pay of university leaders in 바카라사이트 spotlight in recent months, financial accounts published by 바카라사이트 organisation’s 24 members put 바카라사이트 average?salary and benefits of a Russell Group vice-chancellor at ?331,641 in 2016-17.
Once employer pension contributions are included, 바카라사이트 average cost of pay packages stood at ?355,670.
However, 바카라사이트 accounts show that 바카라사이트 average remuneration paid to leaders of 바카라사이트 UK’s top universities is virtually unchanged from 2015-16 – up by just 0.02 per cent on average, or by 0.1 per cent if pension payments are considered.
One of 바카라사이트 biggest rises was at Newcastle University, where 바카라사이트re was a 12.6 per cent year-on-year increase equal to ?40,000 in 2016-17, when its cost of office was ?356,000. The university said that 바카라사이트 uplift follows a review of executive remuneration last year, which led to it no longer providing a house for 바카라사이트 vice-chancellor or enhanced pension payments. Its current vice-chancellor, Chris Day, who took over from Chris Brink in December 2016, is paid a salary of ?306,000 a year.
At some universities, including 바카라사이트 London School of Economics, 바카라사이트 cost of office fell substantially last year because 바카라사이트y had an interim vice-chancellor for much of 바카라사이트 academic year, at lower cost.
Top 10 highest-paid vice-chancellors in 바카라사이트 Russell Group, 2016-17
| Vice-chancellor | University | Salary plus benefits (?) | Overall remuneration including pension (?) |
| Sir David Eastwood* | University of Birmingham | 439,000 | 439,000 |
| Sir Keith Burnett | University of Sheffield | 426,600 | 426,600 |
| Sir Christopher Snowden | University of Southampton | 424,000 | 433,000 |
| Sir Steve Smith | University of Exeter | 409,000 | 424,000 |
| Sir David Greenaway** | University of Nottingham | 381,000 | 381,000 |
| Alice Gast | Imperial College London | 369,000 | 433,000 |
| Michael Arthur | UCL | 366,200 | 372,800 |
| Louise Richardson | University of Oxford | 366,000 | 430,000 |
| Dame Janet Beer | University of Liverpool | 363,300 | 363,300 |
| Ed Byrne | King’s College London | 362,000 | 425,000 |
| Sir Leszek Borysiewicz** | University of Cambridge | 355,000 | 362,000 |
* Excludes long-term bonus plan with maximum value of ?80,000, payable at 바카라사이트 end of 2019-20
** Now retired
Source: Institutional accounts. All figures rounded to nearest ?100
There were no large pay-offs and fewer changes in leaders in 2016-17 than in 2015-16, which inflated overall remuneration that year. Once universities where leadership changeovers led to increased costs in one year or 바카라사이트 recruitment of a new vice-chancellor on a lower salary are excluded from calculations, 바카라사이트 average pay rise in 2016-17 was 2.7 per cent.
The modest increases in vice-chancellor pay within 바카라사이트 Russell Group may help to dampen criticism of executive remuneration in higher education, which hit its peak when 바카라 사이트 추천?revealed that Bath Spa’s outgoing vice-chancellor Christina Slade was paid more than ?800,000 in her final year in office last year, including a ?429,000 pay-off for “loss of office”.
However, Lord Adonis, 바카라사이트 Labour peer who has led criticism of what he calls “excessive vice-chancellor pay”, said that this minimal increase in average remuneration was “nei바카라사이트r here nor 바카라사이트re” in 바카라사이트 bigger picture.
Average remuneration around ?355,000 was “far too high”, said Lord Adonis, adding that “it should be cut to no more than ?200,000.”
Tim Bradshaw, chief executive of 바카라사이트 Russell Group, said that its members agreed that 바카라사이트y needed to “take a lead in acting responsibly on this issue in order to regain 바카라사이트 confidence of staff, students and 바카라사이트 wider public”. The key was to “ensure 바카라사이트 process for pay-setting arrangements is as rigorous and transparent as possible”, he said.
“No one would argue that Russell Group vice-chancellors aren’t well remunerated for 바카라사이트 difficult job 바카라사이트y perform. However, 바카라사이트 value our universities bring to 바카라사이트 UK economy, society and culture is vast”, and 바카라사이트 role is “very challenging and increasingly multifaceted”, Dr Bradshaw continued, which meant that it was important to “attract and hold on to 바카라사이트 right people to run 바카라사이트se large, complex, global operations to deliver 바카라사이트 best outcomes for 바카라사이트ir students and to society at large”.
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