Even as students struggle with rising college costs, university presidents rake in millions amid rapid increases in salaries, bonuses, benefits, and perks. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. Harvard President Drew Gilpin Faust didn't even crack the top 10, or top 20. The Office of the President supports the work and priorities of President Salovey by managing and coordinating key programs, communications, and schedules. She began her 18-year tenure at Penn in 2004 and officially stepped down in February 2022 after being confirmed as the U.S. ambassador to Germany. Yale Hospitality. He was 99. An annual report by the Chronicle of Higher Education in December 2017 provides data on the executive compensation at private colleges. The renovation came after asbestos was found in the walls. Assistant Professor (minimum) 90,000. The estimated additional pay is $107,942 per year. According to the companys website, it led the renovation of Larson, Perlroth and Troup residence halls. Founded/President of High School Chapter. The estimated salary at Yale University ranges from approximately $29,936 per year for Chemist to $161,859 per year for Associate Professor. Yale is very fortunate because David Swensen can easily multiply his annual compensation several-fold by simply leaving and creating his own investment fund, Lo said. 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. At Yale, he served as Dean of Yale College and the Edmund S. Morgan . An independent compensation firm validates the list of appropriate peer institutions. Where Does $100 to Alliance Defending Freedom Go(2020)? Centerbrooks worked on the Learning Commons offices and On the Rocks pub on York Hill. California, film director, writer | 775 views, 8 likes, 5 loves, 78 comments, 217 shares, Facebook Watch Videos from Mike Netter: REBUILD CALIFORNIA TOWN. What used to be a breakdown of salaries, benefits, and bonuses now includes financial perks and opportunities similar to those given to CEOs of major corporations. 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. Posted 02/28/23. Other New England presidents on the list include Robert A. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. He earned the rest in bonuses, other pay, and nontaxable benefits, which together accounted for 56% of his total compensation that year. Transportation . Hamden PZC approves South Quad project after three months of public hearings, 10% of students respond to Inclusive Excellence Survey, over 45% say campus is not diverse, Quinnipiac agrees to $2.5 million settlement in COVID tuition refund case, The Student News Site of Quinnipiac University, Your email address will not be published. Alexander E. Dreier, the Senior Vice President and General Counsel, joined the University in March 2015. New Haven mega-landlord fined $1,500 for housing code violations in fourth criminal case since May, Student hit by vehicle at York-Elm intersection hospitalized for injuries, Yale professor wins Academy Award for technical achievement, Professor Robin Fierce: RuPauls Drag Race contestant visits Yale Law School, Inside the Hahn Scholars programs push to recruit top STEM students, 202 York Street, New Haven, CT 06511 | (203) 432-2400, Swensens compensation consisted of a salary and bonus as well as benefits and deferred compensation. Head mens basketball coach William (Baker) Dunleavy: $764,536, Mens ice hockey coach Rand Pecknold: $664,382, Dean of School of Medicine Bruce Koeppen: $598,204, Former Vice President for Development and Alumni Affairs Donald Weinbach: $578,544, Vice President and Chief Financial Officer Mark Varholak: $556,606, Head womens basketball coach Patricia Sacca-Fabbri: $536,097, Former Vice President and Provost Mark Thompson: $407,467, Architectural company Apicella + Bunton received $1.04 million from the university in 2019. Who would say no to being in charge of Harvard? Machtley, 70, announced last May he would retire at the end of the 2020 school year. Wake Forest University President Nathan O. Hatch topped the list with a total pay of $4 million. 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. The Office of the Secretary and Vice President for University Life processes all university diplomas and letters of introduction , and manages the awarding of prizes (departmental, academic, college, and athletic). How much America's top 50 highest-paid private-university presidents make? President Peter Salovey will make six appointments to high-level positions currently being held by interim or retiring faculty by the end of the spring 2023 semester, the . PGY-2. Salary. Saloveys pay of $1.15 million included base pay at $948,084 with other pay coming in at $155,663. It utilizes . Lahey said this spring he will retire in June 2018. Won Institute of Graduate Studies. Box 208229, New Haven, CT 06520-8229, President Peter Salovey addresses the Yale College Class of 2026, Yales new commitments to mitigating climate change. "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". "What higher education is doing is mirroring the behaviors of the corporate world.". University of Utah. 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). A spokesman for Yale University was not immediately available for comment. Your email address will not be published. The University's compensation structure consists of many salary grades and bands. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. 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. In recognition of her record of accomplishments and vision for the future, Yale University President Peter Salovey reappointed Gerken to a second term as Dean on Jan. 19, 2022. According to The Chronicles release, their study is based on latest available Form 990 tax filings of the 500 private and nonprofit colleges with the largest endowments. Fifty-eight of the private college presidents earned more than $1 million in 2015, up from the previous year when 39 private college presidents did so. The office is also responsible for overseeing the academic calendar, annual reports, and registration of non-undergraduate . who earned $1.6 million in fiscal 2013 as president of Texas A&M University at College Station. PGY-1. Tufts highest expense - compensation - was $549 million (about 50% of revenue) for 12,647 employees, which equates to an average compensation of $44,000 (compared to $46,000 at Georgetown, $42,000 at Boston College, $74,000 at University of Chicago, and $64,000 at Princeton). Pioneering neuroscientist, biotechnology executive and academic leader Marc Tessier-Lavigne became Stanford University's eleventh president on September 1, 2016. The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. 25th Percentile. On July 1, 2022, M. Elizabeth "Liz" Magill became the University of Pennsylvania's ninth President. Some of Yale University's notable alumni are Indra Krishnamurthy Nooyi - CEO, and President, Pepsi, George W. Bush - Former President of the United States, Mario Monti - Former Prime Minister of Italy. 197. 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. In 1716 the school was moved to New Haven, and in 1718 it was renamed Yale . the renovation of Larson, Perlroth and Troup residence halls. Wallace's base pay in 2019 was nearly equal to her total compensation package in 2018. In 2019, Klasko's base pay was over $1.9 million. Earlier this month, the Harvard Crimson reported that the schools then-chief investment officer Stephen Blyth earned about $14.8 million in 2015. The position entails teaching an introductory physics sequence, upper-level physics courses, and related labs. As of the end of fiscal 2016, Yales endowment had a total market value of $25.4 billion. Warminster, Pennsylvania. Much like business-executive pay, university-president compensation has grown over the past decade. 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 . Heres what you need to know. Wallace has led Savannah College of Art and Design for over four decades, since founding the institution in 1978. University Job TitleAssistant Vice President, DevelopmentBargaining UnitNone - Not included in theSee this and similar jobs on LinkedIn. The presidents of Quinnipiac University and Yale University are among the 50 highest paid chief executives at private colleges and universities, according to the Chronicle of Higher Educations annual survey. Austin has also served as Senior Vice President of Strategy for . About $860,000 of Swensens 2014 compensation had been reported as deferred compensation in filings from previous years. When accounting for the performance of Yales investments office over the past three decades, several finance experts contend that Swensen and his colleagues more than earn their keep. 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. Yale University is a private institution that was founded in 1701. The year before (2015), Yale reported $5.5 billion in revenue and $3.3 billion in expenses (not including $259 million in depreciation). Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. 285 Yale University salary data. The number of presidents earning over $1 million is unusually high in 2015. The most recently reported data from The Chronicle of Higher Education from 2019 shows that the five highest-paid university presidents all lead private institutions. His compensation has fluctuated greatly throughout his time at the university, reaching an all-time high of $4 million in 2016. The highest-paid university president in the Chronicle's ranking was Ronald Machtley, who stepped down this past summer. Yale reported one housing loan in the amount of $100,000 to Scott Strobel, an officer. Accessibility not specifically part of South Quad construction planning, university official says, Why QU law and other schools are dropping out of this popular college ranking. 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. In 1841, James Smith Bush became the first member of the Bush family to attend Yale College (now Yale University). 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. The most recent data is as of 2017 for private university presidents, and 2019 for public university presidents. . Should professors be worried? Likewise, Princeton University President Shirley M. Tilghman ranked 51st with $935,326 in compensation. He was student body president from May 2019 to September 2020. 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. Zeppos served as chancellor of Vanderbilt for 11 years, beginning his tenure in 2008 and officially stepping down in August 2019. Klasko began his time as president of Jefferson in September 2013, retiring in December 2021. Yale University; Yale Phonebook; Library & Reference . 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. 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. Gerken, the Sol & Lillian Goldman Professor of Law, became Dean in 2017 and is the first woman to serve in this role. Credit. The Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. For the most part, universities have not offered much insight into why compensation packages for presidents have become so generous. Connecticut State Colleges and Universities Board of Regents President made $413,487 in total pay during the same time span. Those factors include: education and experience, internal equity, and budget. Yale University has an endowment valued at nearly $31.2B, as of the end of the 2020 fiscal year. . The following five individuals/entities (interested persons) received: To read the IRS Form 990 (2015), click here. Only King Abdullah of Saudi Arabia who recently funded the new King Abdullah University of Science and Technology with $20 billion has done more for a university anywhere in the world, he added. He became president of the university . Data for 2009 reflect 519 chief executives at 482 colleges. So why is Faust paid so much less than presidents at other private colleges? Of his total compensation of $4,004,617, [] PhD Student salaries - 186 salaries reported. The top five reveals a variety of compensation packages that are common among university presidents as a whole. Here are the highest-paid university presidents from private and public colleges in the US: 15. 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. Yale University, private university in New Haven, Connecticut, one of the Ivy League schools. 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. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. 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. Tenure-track positions have shrunk as low-wage adjunct professors who typically work without benefits increase on campuses, according to the American Association of University Professors. Everyone weve looked at makes more than the governor of their state., "What I find most fascinating is that presidents of public universities have higher salaries than any elected or appointed public official," said Wilde. During his tenure, the university expanded from a one-campus, health sciences university into a professional institution with multiple campuses. Enter your email address to follow this blog and receive notifications of new posts by email. Ishaan Srivastava Quinnipiac University President Judy Olian earned $1,023,741 during her first full year at the university in 2019, according to the 990 tax filing form for the fiscal year ending June 2020 that the IRS released in June. 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. 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. Today's episode is with DanRam. The Chronicle of Higher Education compiled compensation data from the Internal Revenue . The most recent data for public university salaries is from 2019, while the most recent data for private university salaries is from 2017. Austin Ligon is an Angel/Seed stage private investor at Tewada Capital; he is an investor and Board Member at Redfin, Inc. and Rev.com Previously, Austin was the Co-Founder, President and Chief Executive Officer at CarMax, the nation's largest retailer of used cars, from its creation in 1991 until his retirement in 2006. As president, Daniels has focused on enhancing student access and reducing barriers to higher education. Visit Business Insider's homepage for more stories. 208. How much do Yale New Haven Health employees earn on average in the United States? "Everyone we've looked at makes more than the governor of their state. However, 40 percent of his income was due to deferred compensation. Salary stipends for 2020-2021 are: PGY1 - $69,209 PGY2 - $72,670 PGY3 - $76,303 PGY4 - $80,118 PGY5 - $82,522 PGY6 - $84,885 PGY7 - $89,129 PGY8 - $93 . 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 . The Form 990 (2015) also reports Yale paid for first class and chartered travel and travel for companions. Yale was originally chartered by the colonial legislature of Connecticut as the Collegiate School and was held at Killingworth and other locations. Yale University's president promised to prioritize diversity while filling six high-ranking positions in the administration, according to student newspaper Yale Daily News. Apply to Research Assistant, Director of Operations, Faculty and more! Vice President Administrative Services. 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 CT bill would expand it fur, Is CT recycling going into the trash? Executive Compensation at the International Fellowship of Christians and Jews (2020), Executive Compensation at UPMC (Pittsburgh, PA), Executive Compensation at the American Red Cross (2021), Executive Compensation at the Girl Scouts, Executive Compensation at the Girl Scouts (2021), Executive Compensation at Kaiser Health (2019), Executive Compensation at United Way (2019), Executive Compensation at UnityPoint Health, Executive Compensation at the San Diego Zoo Wildlife Alliance(2020). 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 president's salary came in fourth. With her colleague, Jim Finkelstein, she has analyzed approximately 250 presidential contracts. Posted 12:00:00 AM. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of . University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. The Office of the President is located in Woodbridge Hall, a 1901 building erected specifically for administrative purpose. You are also agreeing to our Terms of Service and Privacy Policy. 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. Swensen's compensation consisted of a salary and bonus as well as benefits and deferred compensation. 1 job to view and apply for now with The Chronicle of Higher Education Jobs Those salaries were earned in the 2015 calendar year the most recent year available from the Internal Revenue Service, according to the Chronicle. Olian made $524,436 during her first six months (July to December 2018) as Quinnipiac president. 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. $53,702 / yr. 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. Here are the highest-paid university presidents from private and public colleges in the US: Ratio of total compensation to average full-professor salary: 16:1, Ratio of total compensation to average full-professor salary: 9:1, Ratio of total compensation to average full-professor salary: 4:1, Ratio of total compensation to average full-professor salary: 11:1, Ratio of total compensation to average full-professor salary: 12:1, Ratio of total compensation to average full-professor salary: 27:1, Ratio of total compensation to average full-professor salary: 10:1, Ratio of total compensation to average full-professor salary: 13:1. maid, chauffeur, chef), and tax indemnification and gross up payments. 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. But Faust is "one of the least-well-compensated presidents relative to budget," the Chronicle says. 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. The amount did not include scholarships it offered to international students. Through reports, presentations, op-eds, correspondence, web content, remarks, and collateral material, the senior writer will translate complex concepts into powerful language for a . Class of 2021. University of Pennsylvania President Amy Gutman ($3.1 million) was the top-earning Ivy League school president. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year.