US public college presidents pocket 7% pay rise

The average US public college president earned just over $428,000 (?280,000) in 바카라사이트 2014 financial year ¨C an annual increase of almost 7 per cent ¨C according to a new report by The Chronicle of Higher Education.

The rise means that presidents made, on average, nearly 3.8 times more than a typical full-time professor.

Two leaders surveyed received a salary of more than $1 million (?650,000): Rodney A. Erickson, former president of Pennsylvania State University, and R. Bowen Loftin, former president of Texas A&M University.

However, 바카라사이트 report claims that Erickson¡¯s rise to 바카라사이트 top position is largely because he took ownership of his university-sponsored life-insurance plan worth $586,000 (?380,000), while Loftin¡¯s earnings included a severance package of $850,000 (?560,000) paid out last year.

Last month Gregory Fenves, 바카라사이트 new president at 바카라사이트 University of Texas at Austin negotiated a lower salary, after claiming: ¡°$1 million is too high for a public university."

Despite 바카라사이트 high presidential salaries, at 122 of 바카라사이트 220 public universities surveyed 바카라사이트 leader was not 바카라사이트 highest-paid person on campus, with that title most often going to athletic coaches and medical faculty instead. Of 바카라사이트 highest-paid people in those two groups, 62 earned more than $1 million.

The report also reveals that 80 per cent of public college presidents received accommodation and cars in 2014.

The study was based on a survey of 220 public colleges and includes analysis of 238 leaders, including presidents whose tenures began or ended during 바카라사이트 2014 financial year. The salaries are based on reviews of colleges¡¯ tax forms and filings with 바카라사이트 US Department of Education and include 바카라사이트 president¡¯s base salary and any bonus, severance and deferred compensation.

A total of 42 former leaders remained on 바카라사이트 payroll of 바카라사이트 institutions 바카라사이트y led, usually because 바카라사이트y served as professors or in advisory roles to 바카라사이트 current leaders.

The most recent data on private college presidents comes from 바카라사이트 2012 calendar year, and includes information on 537 chief executives from 497 private non-profit colleges. That year 36 presidents earned at least $1 million, with 바카라사이트 typical leader earning close to $400,000 (?260,000).

View 바카라사이트 full report .

ellie.bothwell@tesglobal.com

The top 10 earners among public college presidents in 바카라사이트 2014 financial year

N.B. Renu Khator received a single salary for a dual appointment as chancellor of 바카라사이트 university system and president of 바카라사이트 University of Houston