Vice President Administrative Services. Data for 2009 reflect 519 chief executives at 482 colleges. Tempe, AZ. Total Employed Graduates. Harvard University may be the richest institution of higher education, but its president is far from being the richest private college chief executive. Executive Compensation at the Alliance Defending Freedom(2020). Quinnipiac President John L. Lahey ranked 24th with a salary of $1.45 million, while Yale Universitys Peter Salovey came in 40th with a salary of of $1.15 million. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. Feature Image: Leon Bennett / Stringer / Getty Images Entertainment. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. President: Michael M. Crow Total pay: $1,148,457 Base pay: $686,538 U.S. News rank: 115 (tie) Learn more about Arizona State UniversityTempe. A handful of the highest-paid college presidents have resigned from their posts. the renovation of Larson, Perlroth and Troup residence halls. The majority of the funds, or around $47.5 million, were labeled as investments in the Central America and the Caribbean region. Grade S2 . "Everyone we've looked at makes more than the governor of their state. He was accepted to Yale University before serving in the U.S. Navy, but deferred his entry to the university until after he was discharged from service. Yale University; Yale Phonebook; Library & Reference . Beyond the surge in overall compensation, the way in which university presidents get paid also has transformed. As Yales fiscal year ends on June 30, Swensens compensation for 2015 overlapped with both fiscal 2016 and fiscal 2015, when the University reported endowment returns of 3.4 percent and 11.5 percent, respectively. Wallace's base pay in 2019 was nearly equal to her total compensation package in 2018. Titled "Size and Growth of Administration and Bureaucracy at Yale", the report is dated to January 2022 and was written by the Faculty of Arts and Sciences Senate's seven-member Governance Committee. During her time at Penn, Gutmann championed affordable education access for low-income and first-generation students, more than doubling the number of these students on campus. Four of the 22 employees whose compensations were disclosed by Yale work for the investments office. Yale University, which is right there with them, paid $1,652,543 to the now-retired President Richard Levin, placing him as the 10th highest paid. Since it was first reported in 2013, Wallace's total compensation has typically stayed in the $1 million-$2.5 million range 2019 was the first year her total pay exceeded $3 million, increasing about 112% from the year before. Transportation . The Highest Paid Private College Presidents, Rensselaer Polytechnic Institute, $1,752,642, Florida Institute of Technology, $1,884,008, presidents of private colleges were compensated, Curt Nickisch pointed out a couple years ago. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Through reports, presentations, op-eds, correspondence, web content, remarks, and collateral material, the senior writer will translate complex concepts into powerful language for a . Catherine Avalone/Catherine Avalone/New Haven Register. Abe Lopman: SR. VP (VESTED DEFERRED) 40: $2,227,425: Richard D'Aquila: PRESIDENT/TRUSTEE (CURRENT YR COMP) 32: $2,169,059: Marna Borgstrom . Salovey and Lahy were among a group of 58 presidents earning more than $1 million in 2015. This is a carousel. His compensation has fluctuated greatly throughout his time at the university, reaching an all-time high of $4 million in 2016. University of Pennsylvania President Amy Gutman ($3.1 million) was the top-earning Ivy League school president. As Yale's chief legal officer and legal . As president, Daniels has focused on enhancing student access and reducing barriers to higher education. "What higher education is doing is mirroring the behaviors of the corporate world.". In the most simplistic terms the answer is because you are supporting a huge education machine where, in the case of Yale, more than half of the total expenses ($2.2 billion of the $3.4 billion in expenses not including depreciation) are compensation-related costs for the 28,739 employees in 2016 (an average of $75,000 each). Richard C. Levin, who has directed a vast expansion and modernization of Yale University while improving university finances and relations with the city of New Haven, announced on . Lecturer Convertible (minimum) 84,000. Another section in the 990 form that has not been reported as often in past years was the universitys statement of activities outside the United States. "There has never been as great a discrepancy in higher education between those who are the highest paid and those who are the lowest paid," William Tierney, professor and co-director of the Pullias Center for Higher Education at the University of Southern California, told The Washington Post. The average salary for a full professor at a private doctoral university is nearly $203,000, while the salary for a full professor at a public baccalaureate college is just over $99,000. For the academic year 2021-2022, at Yale University, The Professor salary is increased by 4.08 % from $240,374 to $250,192 over 606 Professors. The Office of the General Counsel (OGC) provides legal counsel, representation, and oversight of work on the wide range of legal matters affecting Yale University and its component organizations. Yale University Dislikes. Aug. 30, 2012. The next largest expense categories were for grants (primarily to domestic individuals for undergrad scholarships) which totaled $437 million, Fees for Services (primarily management related with no detail provided) of $186 million, office-related expenses (occupancy, IT, office and insurance) of $182 million, $170 million in supplies, and $145 million of other expenses (no detail provided). $40,414 / yr. Graduate Student salaries - 175 salaries reported. Much like business-executive pay, university-president compensation has grown over the past decade. Average Yale University salary is $72,496 Detailed Yale University starting salary, median salary, pay scale, bonus data report ranked by Date, page 5. . The highest-paid university president in the ranking is the former president of Bryant University, Ronald K. Machtley. This year, The Chronicle changed its methodology to . Out of the total, $5.6 million was grantmaking money for different regions including North America, Central America, Asia, Europe, Middle East, Africa and Russia and neighboring states. Quinnipiac University president John L. Lahey was the top-earning executive among private colleges in Connecticut, earning $1.46 million in total pay, according to The Chronicle of Higher Educations Private College Executive Compensation Study released Sunday. Box 208229, New Haven, CT 06520-8229, President Peter Salovey addresses the Yale College Class of 2026, Yales new commitments to mitigating climate change. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. Who would say no to being in charge of Harvard? Johns Hopkins University . The IRS Form 990 (2015 for the year beginning July 1, 2015 and ending June 30, 2016) reports 3,585 individuals received more than $100,000 in compensation with the 22 most highly compensated individuals listed below: As illustrated above, the most highly compensated individuals work in investments managing the $26 billion in assets. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. She made $449,579 during her last six months (January to June 2018) as a dean of school of management at the University of California Los Angeles. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. The University's compensation structure consists of many salary grades and bands. An independent compensation firm validates the list of appropriate peer institutions. It utilizes . Marc Tessier-Lavigne. On the public side, University of Connecticut President Susan Herbst made $852,773 in total pay during the 2015-16 school year, good enough to place her 13 among 254 chief executives in public schools, according to the study. Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing . maid, chauffeur, chef), and tax indemnification and gross up payments. A small Won Buddhist institute is looking for a President. He is A 5x TEDx speaker, 3x entrepreneur, prolific speaker, and startup coach, his clients range from individual founders to national governments. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. . Laheys base pay of $1.06 million was further supplemented by $17,672 in nontaxable pay and $377,496 in other pay, according to the study. Yale's administration disputed the notion that it had given into pressure from the donors, one of whom donated $250 million to the university in 2013 the largest gift in its history. Even as students struggle with rising college costs, university presidents rake in millions amid rapid increases in salaries, bonuses, benefits, and perks. Since the salaries in the 990 form were reported by calendar year (2019) instead of fiscal year, Olians income did not include. Won Institute of Graduate Studies. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. Those salaries were earned in the 2015 calendar year the most recent year available from the Internal Revenue Service, according to the Chronicle. Yale Pediatric House Staff are provided a full range of benefits from Yale-New Haven Hospital that include, but are not limited to: . 77% feel they are paid fairly. A spokesman for Yale University was not immediately available for comment. Yale University is a private institution that was founded in 1701. The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. The highest-paid university president in the Chronicle's ranking was Ronald Machtley, who stepped down this past summer. An annual report by the Chronicle of Higher Education in December 2017 provides data on the executive compensation at private colleges. The Office of the President is located in Woodbridge Hall, a 1901 building erected specifically for administrative purpose. student income, medical service income, etc) that totaled $1.7 billion in 2016, Yale also relies on investment income which was $2 billion in 2016 (mostly from the gain on the sale of assets and investment income) and contributions (nearly $1 billion of which $448 million were government grants). Wesleyan University President Michael S. Roth made $871,182 and University of Hartford President Walter Harrison made $588,390 in total pay. Bloomberg. This category of expenditures also includes: the operation of dining halls that provided 2,884,447 meals to students, faculty and staff; maintenance of dormitories housing 4,988 undergraduates and 1,161 . Most of the highest-paid presidents preside over private colleges, but two public-university presidents made the top 15: Georgia State University President Mark P. Becker and former Auburn University President Steve Leath. Administrative Vice Presidents. Of the 22 individuals listed above, 17 are men (or 78%) while 5 are women. According to Wilde, most universities think this is simply what has to be offered to get the best leader possible for the institution. Enter your email address to follow this blog and receive notifications of new posts by email. $42,509 / yr. Postdoctoral Research Associate salaries - 150 salaries reported. Harvard and Princeton consistently rank among the top five schools with the largest endowments. At the low end on that comparison list was Christopher Eisgruber, president of Princeton University, earning $938,839. We attribute that, in part, to a market where presidents are negotiating more deferred compensation and bonus packages before they take the job, database reported Dan Bauman said in The Chronicles release. Apply to Research Assistant, Director of Operations, Faculty and more! 2023 BuzzFeed, Inc. All rights reserved. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. The Department of Chemistry and Physics at Saint Mary's College, Notre Dame, IN, is seeking to fill a one-year visiting assistant professor line in any sub-discipline of physics. The amount included her base compensation of $780,000, her bonus and incentive compensation of $170,000, her retirement and other deferred compensation of $25,000, her nontaxable benefits of $21,180 and her other reportable compensation of $27,561. QU President Judy Olian addresses campus news. Postgraduate Year. As part of its report, the Chronicle compared the presidents salaries to those at ten similar institutions. The office is also responsible for overseeing the academic calendar, annual reports, and registration of non-undergraduate . In 2016, Yale reported $4.8 billion in revenue and $3.4 billion in expenses (not including $257 million in depreciation). 197. In an interview with the News in April, Massachusetts Institute of Technology finance professor Andrew Lo 80 said the constraints on university salaries prevent many institutions from hiring someone of Swensens caliber. Quinnipiac, Yale presidents top list of college salaries in Connecticut, Hamden school board member Walter L. Morton IV to run for mayor, New Haven's 'Tent City' residents get a reprieve, for now. Howard Roberts Lamar '51 Ph.D., a venerable expert on the American West and Sterling Professor Emeritus of History who helped guide Yale through a turbulent period as university president in the early 1990s, died on Feb. 22. Presidents of public universities have higher salaries than any elected or appointed public official. Compensation: $5,037,567. The renovation came after asbestos was found in the walls. Number of Salaries Reported. Kimberly Cline, who heads the university with campuses in Brooklyn and Long Island, pulled down $1,861,026 in 2018, making her the 16th highest-paid president of a private university in the . Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. Dr. Tessier-Lavigne was born in Trenton, Ontario, Canada. The estimated base pay is $151,651 per year. The return on its endowment was of $1.4B (4.5%), compared to the 3.43% average return ($10.5M on $307M) across all Doctoral Universities. At Yale, he served as Dean of Yale College and the Edmund S. Morgan . The current balance is $80,847. Learn More Office of the President Info for Visiting Yale Campus Tours Maps & Directions Yale Visitor Center Museums & Galleries New Haven More Visit Resources Director, Parent Gifts. Despite being the second highest-paid university president in 2019 due to his sizable compensation package for the year, Klasko's total pay in 2019 was an 18% decrease from the $5.4 million he earned the previous year. Where Does $100 to Alliance Defending Freedom Go(2020)? Should professors be worried? By clicking Sign up, you agree to receive marketing emails from Insider 94,500. However, after going through building permits issued by Hamden and North Haven, the following were some of the major construction projects that happened in 2019 besides the three residence halls. Dr. Holloway was provost of Northwestern University from 2017 to 2020 and a member of the faculty of Yale University from 1999 to 2017. What do President George W. Bush, writer William F. Buckley Jr., and actress Meryl Streep have in common? The average College President salary in the United States is $320,238 as of February 27, 2023, but the range typically falls between $242,991 and $444,708. Kahlil Greene is an undergraduate at Yale University. The third . Although the organization primarily relies on program service revenue (i.e. Here are the highest-paid university presidents from private and public colleges in the US: 15. Of the $54 million spent on travel, it is unclear what portion was spent on first class and chartered travel. University of Utah. Machtley, 70, announced last May he would retire at the end of the 2020 school year. Swensens 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. Reporting to the associate vice president, the director is responsible for the overall leadership, strategic . Another set of permits were issued the same year in September for a full interior renovation of the three residence halls, the estimated cost for each hall was at $1.9 million. As of the end of fiscal 2016, Yales endowment had a total market value of $25.4 billion. Sadie Peart scores overtime winner, sends Quinnipiac to ECAC Hockey Semifinals, Former USA Today editor-in-chief discusses gender equity in media at QU, Sustainability, budget cuts and diversity discussions dominate SGA State of the QUnion. AAUP Faculty Salaries (W060) Faculty Salaries at Yale and Peer Schools (W061) Faculty Benefits at Yale and Peer Schools (W062) University Faculty Salary & Benefits (W107) Finance & Administration; Yale Community Diversity In 2019, among 11 Connecticut four-year private colleges and universities with the 2019 fiscal year 990 forms available as of July 6, the Quinnipiac presidents salary came in fourth. Quinnipiac vice president for public affairs Lynn Bushnell in a statement said the university adheres to standards of corporate governance in establishing executive compensation for all senior-level officers., Compensation levels are set by the personnel committee of the Board of Trustees and are determined after reviewing compensation levels at comparable institutions, Bushnell said in the statement. 285 Yale University salary data. He earned the rest in bonuses, other pay, and nontaxable benefits, which together accounted for 56% of his total compensation that year. All rights reserved, 3 Prospect Street, New Haven, CT 06511 | P.O. He holds secondary faculty appointments in the School of Management, the School of Public Health, the Institution for Social and Policy Studies, and the Sociology Department. $63,675 in scholarships were awarded to interested persons (usually relatives of staff, officers, or trustees). Senior director of investments Dean Takahashi, who earned about $3.2 million, was the second-highest paid employee in 2015. Class of 2021. Jonathan Holloway, a U.S. historian, took office as the 21st president of Rutgers, The State University of New Jersey, on July 1, 2020. . 2022-23. He became president of the university . President George H.W. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. On benefits, the AAUP found that about 97 percent of full-time professors earn contributions toward their retirement plans from their employers or state or . Privacy policy, To: FAS Department and Program Chairs; FAS Lead Administrators, Chairs Assistants, and Operations Managers, Cc: FAS Deans Office; FAS Steering; Provosts Office. Likewise, Princeton University President Shirley M. Tilghman ranked 51st with $935,326 in compensation. Over the last decade, experts have noted significant increases in university presidents' pay that show no signs of slowing down soon. Assistant Professor (minimum) 90,000. Quinnipiacs spokesperson declined to comment on the universitys investments outside the U.S., instead, he provided the following statement: The universitys financial reporting and budget-related information is released annually through the IRS Form 990, Morgan wrote in an email. She has a BA in journalism and previously worked with the South Florida Business Journal as a reporter and researcher. 2023 BestColleges.com, a Red Ventures Company, The Public Ivies, Little Ivies, and Other Ivy League Equivalents, University of Illinois - Urbana-Champaign, University of North Carolina - Chapel Hill, Do Not Sell or Share My Personal Information. Yale University President Peter Salovey, before a press conference Wednesday, May 10, 2017 at the Stetson branch library in New Haven. Since the salaries in the 990 form were reported by calendar year (2019) instead of fiscal year, Olians income did not include the 20% pay reduction she took last school year beginning in April 2020 due to the COVID-19 pandemic. The estimated additional pay is $107,942 per year. You are also agreeing to our Terms of Service and Privacy Policy. Another set of permits were issued the same year in September for a full interior renovation of the three residence halls, the estimated cost for each hall was at $1.9 million. Architectural company Apicella + Bunton received $1.04 million from the university in 2019. Yale New Haven Health pays an average salary of $1,639,666 and salaries range from a low of $1,437,173 to a high of $1,877,674. As Larry Summers, Faust's predecessor, showed, the type of person with "Harvard President" on their resume can also be someone in consideration for some of the highest ranking positions in government. How much do Yale University employees earn on average in the United States? According to the building permits Hamden issued for the air conditioning unit installations in the three residence halls in May 2019, the projects estimated cost for each hall was at $1.05 million. Presidents of Yale University, University of New Haven and Sacred Heart University made more than Olian, according to their 990 tax filing forms. The highest paid presidents that year were Nathan O. Hatch, who earned $4.4 million at Wake Forest University, and James W. Wagner, who earned $3.5 million at Emory University. The fourth individual to lead Harvards investments office in the past decade, Narvekar will earn at least $6 million this year, according to the Wall Street Journal. Heres what you need to know. Where Does $100 to the San Diego Zoo Wildlife Alliance Go(2021)? Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. Yale University's president promised to prioritize diversity while filling six high-ranking positions in the administration, according to student newspaper Yale Daily News. . The Office of the President supports the work and priorities of President Salovey by managing and coordinating key programs, communications, and schedules. The university's current president is Peter Salovey, a professor of social psychology who formerly served as University Provost and Dean of Yale College and received his Ph.D. from Yale's Graduate School of Arts and Sciences. Maricopa Community Colleges. As students find U.S. colleges increasingly unaffordable, university presidents' salaries at public and private schools continue to grow at a rapid pace. The Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. Yale's Charter provides that the final authority in the "government, care and management" of the University is the Yale Corporation, a body of nineteen Fellows consisting of the President of the University, who presides at all meetings, the Governor and Lieutenant Governor of the The following costs only included the estimated costs listed in the building permit of each project, it did not include costs listed in its electrical, mechanical and plumbing permits.
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