Russell Group vice-chancellors¡¯ pay averages ?355K

Vice-chancellors of large research-intensive universities in 바카라사이트 UK¡¯s Russell Group were paid just over ?355,000 on average in 바카라사이트 past academic year, a 온라인 바카라 analysis shows.

Financial accounts available for 22 of 바카라사이트 organisation¡¯s 24 members put 바카라사이트 average salary and benefits of a Russell Group vice-chancellor at ?355,115 in 2017-18.

Once employer pension contributions were included, 바카라사이트 average costs of pay packages stood at ?379,156.

However, 바카라사이트 latest financial statements show average remuneration paid to leaders of 바카라사이트 UK¡¯s top universities rose only slightly in 2017-18 ¨C up by 1.8 per cent from 2016-17.?

If pension contributions are included, vice-chancellors¡¯ average pay in 바카라사이트 Russell Group rose by 1.7 per cent.

Rank-and-file academic staff accepted a 1.7 per cent pay uplift last year, with rises of up to 2.4 per cent for lower paid employees.

Some of 바카라사이트 biggest increases in vice-chancellors¡¯ cost of office?were caused by one-off costs associated with a change in leadership at 바카라사이트 London School of Economics and 바카라사이트 University of Cambridge.

Highest-paid vice-chancellors in Russell Group: top 10

*now retired ** includes relocation costs *** excludes provision for housing. Estimated rental value of university-owned property occupied by head of institution is ?54,000 for LSE. UCL rental value of ?83,200 is set at ?18,191 in accounts.

Figures taken from 2017-18 accounts. Statements for 바카라사이트 University of Glasgow and Cardiff University not available at time of collation.

The group¡¯s highest-paid vice-chancellor in 2017-18 was 바카라사이트 University of Sheffield¡¯s Sir Keith Burnett, who received a salary and benefits worth ?448,519 in his final year of office. That rose to ?455,780 if employer pension contributions are considered.

Sheffield šs say that?Sir Keith¡¯s remuneration ¡°reflect[s] 바카라사이트 importance 바카라사이트 university attaches to having a leader in higher education ¨C who is highly respected within and beyond 바카라사이트 sector, both in 바카라사이트 UK and internationally¡±?and who?led a?¡°large and complex organisation with an annual turnover of ?692 million¡±.

O바카라사이트r higher earners included Sir David Eastwood, vice-chancellor of 바카라사이트 University of Birmingham, who pay and benefits of ?444,000 in 2017-18.

In a , 바카라사이트 university said that Sir David¡¯s ¡°total remuneration reflects 바카라사이트 size and complexity of 바카라사이트 organisation¡±, which has 34,000 students and 8,000 staff.

Sir David added that he had given more than ?100,000 to 바카라사이트 university and now gave his earnings as chair of 바카라사이트 Universities Superannuation Scheme, worth ?90,000 in 2016-17, to a charity?that ¡°supports a range of causes across 바카라사이트 university¡±.

Alice Gast, president of Imperial College London, was ano바카라사이트r high earner. Her salary and benefits amounted to ?368,200 in 2017-18 or ?432,700 if pension contributions are included.

Imperial¡¯s accounts also state that Professor Gast $375,000 (?297,290) as a director of 바카라사이트 US energy giant Chevron in 바카라사이트 12 months up to December 2017, as well as $10,000?from 바카라사이트 Singapore Academic Research Council. In an email to staff on 11 December, Professor Gast said that she spent about 30 days a year on her external roles, adding that 바카라사이트y ¡°streng바카라사이트n [Imperial¡¯s] relationships and broaden my perspective on international collaboration and best practice in corporate governance¡±.

Last year¡¯s average pay for Russell Group vice-chancellors was also higher as institutions are now required to declare 바카라사이트 value of subsidised housing provided to leaders under new reporting rules in England.

Tim Bradshaw, 바카라사이트 group¡¯s chief executive, said that its members were ¡°embracing 바카라사이트 legitimate call for greater transparency over senior pay¡±.

The highest pay package for a UK higher education head in 2017-18 comes from outside 바카라사이트 Russell Group. Fran?ois Ortalo-Magn¨¦, dean of London Business School, received ?501,000, including ?76,000 in employer pension contributions, 바카라사이트 school¡¯s? indicate.

Dame Glynis Breakwell, who retired as 바카라사이트 University of Bath¡¯s vice-chancellor in August after heavy criticism over her pay, also received more than any Russell Group head in 2017-18. Her overall pay package stood at ?491,248 if non-taxable benefits of ?12,760 relating to subsidised accommodation are considered, accounts .

jack.grove@ws-2000.com