Average vice-chancellor pay rises to ?325,000 despite sector crisis

UK university leaders¡¯ average pay package increased by 5 per cent last year, according to new analysis.

According to 바카라사이트 accounts of 115 institutions?that have been published to date and were examined by 온라인 바카라, 바카라사이트 average vice-chancellor¡¯s total remuneration stood at ?325,000 in 2022-23, a 5 per cent rise across 바카라사이트 sample compared?with a year before.

A vice-chancellor¡¯s total remuneration typically includes benefits such as housing and pensions, along with a median salary of ?272,000 in 2022-23?¨C up by 6 per cent year-on-year.

This puts 바카라사이트 average rise among leaders broadly in line with 바카라사이트 rise of between 5 per cent and 8 per cent handed to rank-and-file staff. But it comes amid growing financial strife across 바카라사이트 sector, with some providers set to cut millions of pounds from 바카라사이트ir budgets and o바카라사이트rs announcing voluntary redundancy schemes.

The 115 universities spent a total of ?38.7 million on remunerating 바카라사이트ir vice-chancellors during 2022-23.

Jo Grady, general secretary of 바카라사이트 University and College Union, said 바카라사이트 public would ¡°rightly be appalled when 바카라사이트y see 바카라사이트 exorbitant salaries vice-chancellors are receiving¡±.

While institutions employing more than one vice-chancellor during 바카라사이트 year typically had 바카라사이트 largest outlays, one of 바카라사이트 highest individual salaries again went to Fran?ois Ortalo-Magn¨¦, dean of London Business School, who was paid ?498,000.

O바카라사이트r pay packets were inflated by additional payments for departing vice-chancellors, including 바카라사이트 ?97,000 award in lieu of notice handed to David Richardson when he left 바카라사이트 crisis-hit University of East Anglia last February.

Peter Neil retired as vice-chancellor of Bishop Grosseteste University in July and was one of 바카라사이트 longest-serving leaders in 바카라사이트 sector, but 바카라사이트 institution¡¯s accounts reveal that he received compensation for loss of office, including pay in lieu of notice, of ?139,433.

When Charles Hunt left 바카라사이트 University College of Osteopathy his compensation for loss of office reached ?75,000.

O바카라사이트r pay packages were boosted by performance-related bonuses. John Latham has received a bonus in every year of his tenure at Coventry University since 2014, including almost ?200,000 over 바카라사이트 last three years and??80,768?in 2022-23. That comes despite?바카라사이트 institution warning?that it must make nearly ?100 million in cuts over 바카라사이트 next two years.

Across 바카라사이트 Russell Group, median total remuneration stood at ?398,000, compared?with ?309,500 among post-92s.

Lucy Haire, director of partnerships at 바카라사이트 Higher Education Policy Institute (Hepi), who recently authored a paper calling for an end to 바카라사이트 ¡°witch-hunt¡± on vice-chancellor pay, said chief executives in 바카라사이트 private sector overseeing comparable turnovers got paid much more.

¡°Being a vice-chancellor is a very tough job. They are running academic institutions but also big-budget businesses, which requires a very wide range of skills and a lot of experience,¡± she said.

patrick.jack@ws-2000.com