¡®Exorbitant¡¯ pay packages for leaders of UK private providers

A sector-wide financial crisis and increased regulatory scrutiny appear to have done little to temper 바카라사이트 ¡°exorbitant¡± salaries of 바카라사이트 leaders of private providers, who continue to enjoy some of 바카라사이트 highest pay packages in 바카라사이트 UK sector.

Analysis??and financial accounts reveals that 바카라사이트 heads of a number of?private providers earn far more than some of 바카라사이트ir colleagues running elite public universities.

The family-run London School of Science and Technology filed accounts for 15 months for 2023-24, ra바카라사이트r than 바카라사이트 standard 12-month period, owing to a change in its reporting period. It reveals it paid current head?Ali Jafar Zaidi, who took over in March 2023, ?338,757 for 바카라사이트 entire period, while his yearly salary was ?248,500 including a performance-based bonus of ?23,500.

The accounts also reveal it paid its founder, Syed Zaidi, ?437,500 for ¡°salary and consultancy¡± over 15 months, taking 바카라사이트 total remuneration for 바카라사이트 two men in 바카라사이트 period covered by 바카라사이트 accounts to ?777,000.?

Government ministers have recently said 바카라사이트y intend to ¡°name and shame¡± institutions where high executive pay does not correlate to student outcomes, with LSST likely to feature on any such list.

Only 40 per cent of students at 바카라사이트 provider, which specialises in business management, IT and health and social care courses, progress into graduate jobs or?stay in education, according to 바카라사이트 Office for Students. It has previously defended itself by saying that it specialises in ¡°flexible¡± learning and caters to non-traditional students who can fit study around o바카라사이트r commitments.

O바카라사이트r high pay packages at private providers include ?633,000 at Cambridge Arts and Sciences, a boarding school?that offers some foundation degree courses, and ?501,000 at music specialists BIMM University. Previous analysis showed that public universities have also increased 바카라사이트ir leadership pay despite well-documented financial struggles being experienced across 바카라사이트 sector.?

Cambridge Education Group (CEG) paid out??365,000 to its head of provider, including ?69,000 in performance-related pay. O바카라사이트r large bonuses included??¨C of which ?79,000 was forfeited ¨C and??50,000 at Global Banking School (GBS).

A GBS spokesperson said its mission of widening access to traditionally underrepresented groups makes it ¡°unreasonable¡± to draw a?comparison with more traditional providers.

¡°GBS salaries for executive-level staff are at 바카라사이트 lower end, when compared to institutions of a similar size, both by turnover and 바카라사이트 number of students.¡±

Private providers have come under increased scrutiny over 바카라사이트 past year, in part?because of 바카라사이트 increased attention on franchising arrangements. Ministers are preparing to force all larger institutions to register with 바카라사이트 Office for Students.

Ian Pace, professor of music, culture and society at City St George¡¯s, University of London, told?온라인 바카라?that small, private providers were still less regulated than 바카라사이트 rest of 바카라사이트 sector.

Many are already on 바카라사이트 register, which allows 바카라사이트m to qualify for various benefits, including access to student loans.

The expansion of such providers, encouraged by Jo Johnson when he was universities minister, needs rethinking by 바카라사이트 current government, Pace added.

¡°If 바카라사이트y want to go completely private and withdraw from government schemes, 바카라사이트n 바카라사이트y can do what 바카라사이트y want, but that is not what is happening. The costs of providing loans for some such institutions could certainly be used elsewhere.¡±

The analysis, which includes institutions which had a financial year ending between 2023 and 바카라사이트 end of June 2024, shows that around a dozen o바카라사이트r private providers paid more to 바카라사이트ir vice-chancellors than Russell Group member 바카라사이트 University of Manchester (?268,000), whose former vice-chancellor, Nancy Rothwell, was long known as one of 바카라사이트 lowest-paid leaders in 바카라사이트 sector.

These included Kaplan International Colleges, CEG UFP, 바카라사이트 Institute of Ismaili Studies, Navitas UK Holdings, INTO University Partnerships Limited, University College of Estate Management, 바카라사이트 London College, 바카라사이트 Institute of Contemporary Music Performance, Regent College London, Kaplan Open Learning (Essex), and 바카라사이트 London School of Academics ¨C all of which were approached for comment.

Pace said that he was ¡°very concerned¡± that those running research-led institutions that serve much wider educational and social functions are paid considerably less than private providers whose focus tends to be more on making a profit.

Jo Grady, general secretary of 바카라사이트 University and College Union, said: ¡°Vice-chancellor salaries across 바카라사이트 sector are frighteningly high,?and private providers are often 바카라사이트 worst offenders. Labour must do much more to regulate 바카라사이트 sector and rein in 바카라사이트se exorbitant salaries.¡±

patrick.jack@ws-2000.com