Should professors be worried? 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. It has a total undergraduate enrollment of 6,536 (fall 2021), its setting is city, and the campus size is 373 acres. Who would say no to being in charge of Harvard? Some haulers caught, Arming guidance counselors? A CT bill would expand it fur, Is CT recycling going into the trash? Faculty Salary & Benefits. The following five individuals/entities (interested persons) received: To read the IRS Form 990 (2015), click here. 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 1,171 employees received more than $100,000 in compensation with . Yale also provided housing allowances or residences for personal use, personal services (i.e. That comparison showed Lahey out ahead of his peers, with Edward Guiliano of the New York Institute of Technology in Old Westbury earning $1.24 million and Lesley M. Hallic of Pacific University earning $695,718. 1 job to view and apply for now with The Chronicle of Higher Education Jobs 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). The number of presidents earning over $1 million is unusually high in 2015. A couple did due to scandal the former president of the University of Southern California, CL Max Nikias, for example, departed in 2018 after 200 professors signed a letter accusing him of mishandling allegations of sexual assault involving a former campus gynecologist. 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. Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. How much do Yale New Haven Health employees earn on average in the United States? Out of the 10 projects above, eight listed FIP Construction as a primary contractor, as well as the three residence halls. Feb 2021 - May 20214 months. as well as other partner offers and accept our, Stan Godlewski/The Washington Post via Getty Images, Sharon Pulwer/The Washington Post via Getty Images, Ronen Tivony/Pacific Press/LightRocket via Getty Images, Ian McVea/Fort Worth Star-Telegram/Tribune News Service via Getty Images, Neilson Barnard/Getty Images for the New York Times, Lane Turner/The Boston Globe via Getty Images. Through reports, presentations, op-eds, correspondence, web content, remarks, and collateral material, the senior writer will translate complex concepts into powerful language for a . QU grad accused of murder what is postpartum psychosis? University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. . The Chronicle of Higher Education compiled compensation data from the Internal Revenue . Investment income and the sale of assets resulted in $2.1 billion in income (an 8% return) in income (although there was $1.7 in unrealized losses on investments which if recognized means the return was less than 2%. Johnson . Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. Led discussions on influencing internet policy to contribute towards ISOC meetings discussing policy change among local chapters. Yale's former president Richard C. Levin was, at the time, one of the highest paid university presidents in the United States with a 2008 salary of $1.5 million. A handful of the highest-paid college presidents have resigned from their posts. 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. Yale University pays an average salary of $270,438 and salaries range from a low of $234,063 to a high of $314,860. H John Voorhees III / Hearst Connecticut Media, Brian A. Vincent J. Scully Professor of Philosophy, Professor of Psychology and Cognitive Science, Office of Faculty Administrative Services, Ladder Faculty Appointments & Promotions (FASTAP 2007), Ladder Faculty Appointments & Promotions (FASTAP 2016), Scholars as Leaders; Scholars as Learners (SAL2). Here are the highest-paid university presidents from private and public colleges in the US: 15. 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. maid, chauffeur, chef), and tax indemnification and gross up payments. Likewise, Princeton University President Shirley M. Tilghman ranked 51st with $935,326 in compensation. The earnings place Lahey 24th on the list of highest-paid college executives in the country among private colleges. It utilizes . Number of Salaries Reported. Laheys pay of $1.45 million included base pay of $1.06 million and other pay of $377,496, the Chronicle report said. The estimated total pay for a Vice President at Yale University is $259,594 per year. 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. 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. As part of its report, the Chronicle compared the presidents salaries to those at ten similar institutions. $66,573. 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 . Wesleyan University President Michael S. Roth made $871,182 and University of Hartford President Walter Harrison made $588,390 in total pay. He received undergraduate degrees in physics from McGill University and in philosophy and . The Associate professor salary is increased by 2.86 % from $145,124 to $149,272 over 163 Associate professors. 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). The Office of the President supports the work and priorities of President Salovey by managing and coordinating key programs, communications, and schedules. 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. Full-Time Salaries of Employed Graduates. 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. 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. He stepped down this past summer, but he made $6,283,616 in 2017 or 50 times what the average professor earns at the university. Feature Image: Leon Bennett / Stringer / Getty Images Entertainment. Their study included data from 568 presidents serving at 500 institutions during the 2015 calender year. Daniels has been at the helm of Johns Hopkins University for the last 12 years and recently had his contract extended to stay on as president until 2029. 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 . 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. Saloveys pay placed him fourth among his peers at other Ivy League schools including Lee C. Bollinger at Columbia ($2.5 million) and Drew Gilpin Faust at Harvard ($1.6 million). Of the 22 individuals listed above, 17 are men (or 78%) while 5 are women. Required fields are marked *, Building permit for air conditioning unit installation in Larson Hall, Building permit for interior renovation to Quinnipiac President Judy Olian's house, Quinnipiac University President Judy Olian earned $1,023,741 during her first full year at the university in 2019, according to. The highest-paid university president in the ranking is the former president of Bryant University, Ronald K. Machtley. The estimated hourly pay at Yale University ranges from approximately $8.63 per hour for Software Engineer to $52.59 per hour for Professor.. His pay was on the lower end of the ten institutions selected by the Chronicle as comparison schools for Yale, with Robert Zimmer of the University of Chicago topping that list at $2.86 million, followed by Lee C. Bollinger of Columbia University bringing in $2.5 million. Quinnipiac, Yale Presidents Among 50 Highest, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Welcome to the new courant.com: Whats changed, FAQs and more, Quinnipiac, Yale Presidents Among 50 Highest Paid Chief Executives Of Private Colleges, CT legislators raising questions about heating assistance program, CT secures $18 million to combat PFAS in drinking water. Harvard University may be the richest institution of higher education, but its president is far from being the richest private college chief executive. $524,436 during her first six months (July to December 2018) as Quinnipiac president. Of his total compensation of $4,004,617, [] Yale University; Yale Phonebook; Library & Reference . 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. 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. The gap between what faculty members and presidents earn has also risen. It was founded in 1701 and is the third oldest university in the United States. $42,509 / yr. Postdoctoral Research Associate salaries - 150 salaries reported. Since the salaries in the 990 form were reported by calendar year (2019) instead of fiscal year, Olians income did not include. including his $1,012,707 base salary. $63,675 in scholarships were awarded to interested persons (usually relatives of staff, officers, or trustees). It tracks the rising number of Yale administrators and how their salaries have soared, even as faculty pay has remained relatively stagnant. What do President George W. Bush, writer William F. Buckley Jr., and actress Meryl Streep have in common? Yale's succeeding president Peter Salovey ranks 40th with a 2020 salary of $1.16 million. 1. 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. Researchers examined over 1,300 cases at George Washington University and . Postgraduate Year. Maricopa Community Colleges. 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. Bush attended the university about 100 years later. 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 estimated base pay is $151,651 per year. Where Does $100 to the San Diego Zoo Wildlife Alliance Go(2021)? 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. Considering the relatively low cost of living in the New Haven area, the resident salaries are highly competitive. According to tax filings from 2016, Swensen received about $930,000 more in compensation in the 2014 calendar year than in 2015. "What higher education is doing is mirroring the behaviors of the corporate world.". This is a carousel. 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. Those factors include: education and experience, internal equity, and budget. 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. she took last school year beginning in April 2020 due to the COVID-19 pandemic. Bloomberg. Save. About $860,000 of Swensens 2014 compensation had been reported as deferred compensation in filings from previous years. 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 . For the most part, universities have not offered much insight into why compensation packages for presidents have become so generous. But there is very little vetting that is done in the process of hiring university presidents.". The amount did not include scholarships it offered to international students. He became president of the university in July 2013. During that year, Zeppos' compensation became the subject of debate, mainly due to the $2.9 million bonus he received that made up the majority of his pay as the university was facing budget cuts and layoffs. 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. "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". "There are various add-ons [in these contracts] that sometimes aren't even defined," said Judith Wilde, a research professor at George Mason University. However, 40 percent of his income was due to deferred compensation. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. For most executives, base pay accounted for less than half of their total compensation for the year. Her annual pay was often the subject of debate during her tenure, particularly in 2016 when she earned $3.9 million 20 times the median salary of professors at Penn. Machtley, 70, announced last May he would retire at the end of the 2020 school year. While the salary for a specific position will fall within this range, there are a number of factors also taken into consideration to determine the final salary. Salaries for the 2022-2023 Academic Year. The director, parent gifts has responsibility for leading the university's thriving parent giving program to unprecedented levels of success in the context of the $7 billion For Humanity campaign and beyond. 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. Senior director of investments Dean Takahashi, who earned about $3.2 million, was the second-highest paid employee in 2015. Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. to develop the 10-year master plan, also received $425,786 from the university in the same year. Saloveys pay of $1.15 million included base pay at $948,084 with other pay coming in at $155,663. 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. Where Does $100 to Alliance Defending Freedom Go(2020)? The estimated additional pay is $107,942 per year. Under her leadership, enrollment more than tripled between 2000 and 2021, and the university's endowment grew to $290 million in 2022 from less than $1 million in 2000. 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. During his tenure, the university expanded from a one-campus, health sciences university into a professional institution with multiple campuses. "Everyone we've looked at makes more than the governor of their state. The answer is not as complicated as some people would lead you to believe. 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. All residents are employees of Yale-New Haven Hospital, and are provided with a comprehensive benefits package. According to the companys website, it. 25th Percentile. $53,702 / yr. 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. Credit. Posted 02/28/23. Vice President Administrative Services. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. 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. Forty-two presidents of private colleges were compensated with more than $1 million by their schools in 2011, up from 36 the previous year, according to a report released Sunday by the Chronicle of Higher Education on Sunday. Posted 12:00:00 AM. 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. Yale was originally chartered by the colonial legislature of Connecticut as the Collegiate School and was held at Killingworth and other locations. University Chief Investment Officer David Swensen earned $4.2 million in 2015, marking yet another year in which the man leading the management of Yales multibillion-dollar endowment remained the schools highest paid employee. 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. Yale Pediatric House Staff are provided a full range of benefits from Yale-New Haven Hospital that include, but are not limited to: . Total Employed Graduates. Salary. Jonathan Holloway, a U.S. historian, took office as the 21st president of Rutgers, The State University of New Jersey, on July 1, 2020. . 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: $4,238,803: David F Swensen, Chief Investment Officer. Wake Forest University President Nathan O. Hatch topped the list with a total pay of $4 million. Director, Parent Gifts. How much America's top 50 highest-paid private-university presidents make? He was 99. Wallace's base pay in 2019 was nearly equal to her total compensation package in 2018. 197. 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. All rights reserved, 3 Prospect Street, New Haven, CT 06511 | P.O. Pioneering neuroscientist, biotechnology executive and academic leader Marc Tessier-Lavigne became Stanford University's eleventh president on September 1, 2016. Her bonus pay, other pay, and nontaxable benefits accounted for 53% of total pay. Kahlil Greene is an undergraduate at Yale University. Warminster, Pennsylvania. *Effective July 1, 2022. With an earnings of $4 million, Wake Forest University President, Nathan O. Hatch was the highest-paid private university head in the United States, according to a new survey of executive compensation at private universities by the Chronicle of Higher Education. Yale University, private university in New Haven, Connecticut, one of the Ivy League schools. The office is widely recognizedas the best endowment manager in higher education, generating a 13.9 percent annualized return between fiscal 1985 and fiscal 2015 that outperformed the average return of colleges and universities measured by the National Association of College and University Business Officers by 5.0 percent per annum for the same period. How Revenue is Spent at the AFL-CIO(2020), $4,238,803: David F Swensen, Chief Investment Officer, $3,204,864: Dean J Takahashi, Sr. Director of Investments, $1,790,227: Timothy R Sullivan, Director of Investments, $1,530,354: Khalid M Abbed, Chief Neurosurgery, Spine, $1,487,113: Alan Forman, Director, Investments, $1,366,401: Peter Salovey, Trustee and President, $1,171,984: Masoud Azodi, Professor, OB/GYN, $1,099,606: Peter G Shulam, Chair, Dept of Urology, $ 917,138: Robert J Alpern, Dean, School of Medicine, $ 639,608: Michael A Peel, VP for HR and Administration, $ 610,539: Bruce D Alexander, VP for New Haven and State Affairs, $ 573,359: Dorothy K Robinson, Former VP and General Counsel, $ 568,149: Alexander E Dreier, VP and General Counsel, $ 556,311: Linda K Lorimer, Former VP for Global and Strategy Initiative, $ 551,009: Joan E ONeill, VP for Alumni Affairs and Development, $ 545,706: Shauna R King, VP for Finance and Business Operations, $ 512,150: Scott A Strobel, VP for West Campus Planning, $ 454,276: John H Bollier, AVP for Facilities, $ 433,866: Kimberly M Goff-Crews, Secretary and VP for Student Life, $ 416,642: Stephen C Murphy, VP for Finance and CFO, $ 331,944: Michael J Donoghue, Former VP for West Campus Planning, $191,174: Patricia Preisig, spouse of Robert Alpern, a key employee, for compensation as a professor of medicine, $152,892: Stephanie Markovits, spouse of Benjamin Polak, an officer, for compensation as an English Professor, $108,195: Ricecan Realty, LP, (trustee and family members own more than 35%), for income distribution, $102,619: Wendy Sharp, spouse of Dean Takahashi, a key employee, for compensation as Lecturer of Music, $ 65,308: Marta Moret, spouse of Peter Salovey, an officer, for compensation as an Associate. His eclectic background growing up in 10 countries on 4 continents, his multi-continent education including Yale University and Trinity College, as well as his work in diverse industries from the UN to Consulting to . Assistant Vice President, Corporate & Foundation Relations and Government Grants. The University's compensation structure consists of many salary grades and bands. He is A 5x TEDx speaker, 3x entrepreneur, prolific speaker, and startup coach, his clients range from individual founders to national governments. 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. Top editors give you the stories you want delivered right to your inbox each weekday. 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. According to Wilde, most universities think this is simply what has to be offered to get the best leader possible for the institution. Use Next and Previous buttons to navigate. Senior Editor/Reporter, The Huffington Post. 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 Assistant Professor (minimum) 90,000. 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. University Policies, Procedures, Forms, and Guides, Student and Temporary Employee Salary Rates. 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. 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 . Your email address will not be published. The Chronicle updated its executive compensation tracker in July 2020 to include the most recent data on salaries from public and private institutions. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. Administrative Vice Presidents. Andrew Carnegie founded the Carnegie Institution of Washington (Carnegie Science) in 1902 as an organization for scientific discovery. According to the companys website, it led the renovation of Larson, Perlroth and Troup residence halls. Abe Lopman: SR. VP (VESTED DEFERRED) 40: $2,227,425: Richard D'Aquila: PRESIDENT/TRUSTEE (CURRENT YR COMP) 32: $2,169,059: Marna Borgstrom . Quinnipiac President John L. Lahey ranked 24th with a salary of $1.45 million, while Yale University's Peter Salovey came in 40th with a salary of of $1.15 million. 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. Less spending, investment loss: Quinnipiac's financial standing when COVID-19 began, Quinnipiacs 2018 finances give insight in how COVID-19 accelerated past spending, Olian earns $524K during her first six months as president, Less spending, investment loss: Quinnipiacs financial standing when COVID-19 began. The third . 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).