Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. As of the end of fiscal 2016, Yales endowment had a total market value of $25.4 billion. Wilde has studied executive compensation in higher education for years. During his tenure, the university expanded from a one-campus, health sciences university into a professional institution with multiple campuses. 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). Salary. Vice President Administrative Services. Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. Bryant University President Ronald Machtley topped the list, making roughly $6.2 million in 2017. 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. Laheys pay of $1.45 million included base pay of $1.06 million and other pay of $377,496, the Chronicle report said. The Office of the President supports the work and priorities of President Salovey by managing and coordinating key programs, communications, and schedules. 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. The highest-paid university president in the ranking is the former president of Bryant University, Ronald K. Machtley. Connecticut State Colleges and Universities Board of Regents President made $413,487 in total pay during the same time span. They are all Yalies. Nikias stepped down in 2018 after 200 professors signed a letter accusing him of mishandling allegations of sexual assault involving a former campus gynecologist. He received undergraduate degrees in physics from McGill University and in philosophy and . 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. 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. 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. Actors Equity Association: How Membership Dues areSpent, Executive Compensation at Actors EquityAssociation, Executive Compensation at Shriners Hospitals(2020). 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. Heres what you need to know. The highest-paid university president in the Chronicle's ranking was Ronald Machtley, who stepped down this past summer. It is also important to note that in addition to the above management salaries, $55 million in investment fees were paid to outside firms. 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 . The total pay amount is an increase from the $977,219 he made in 2014. He is A 5x TEDx speaker, 3x entrepreneur, prolific speaker, and startup coach, his clients range from individual founders to national governments. Director, Parent Gifts. Architectural company Apicella + Bunton received $1.04 million from the university in 2019. Paula S. Wallace, Savannah College of Art and Design. Transportation . Swensens 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. As students find U.S. colleges increasingly unaffordable, university presidents' salaries at public and private schools continue to grow at a rapid pace. The number of presidents earning over $1 million is unusually high in 2015. Researchers examined over 1,300 cases at George Washington University and . University Policies, Procedures, Forms, and Guides, Student and Temporary Employee Salary Rates. Yale University; Yale Phonebook; Library & Reference . At Quinnipiac, the following were the nine highest-paid employees in 2019, according to the filing: Besides salaries for employees, Quinnipiac spent $3.15 million for services from the five highest-compensated independent contractors. With her colleague, Jim Finkelstein, she has analyzed approximately 250 presidential contracts. Reporting to the associate vice president, the director is responsible for the overall leadership, strategic . $66,573. 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. Ratio of total compensation to average full-professor salary: 18:1, Ratio of total compensation to average full-professor salary: 23:1, Ratio of total compensation to average full-professor salary: 35:1, Ratio of total compensation to average full-professor salary: 50:1. Full Time Appointments. 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. Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. Johnson . Even as students struggle with rising college costs, university presidents rake in millions amid rapid increases in salaries, bonuses, benefits, and perks. An annual report by the Chronicle of Higher Education in July 2017 ranks University of Connecticut President Susan Herbst as the state'stop-paid public university president for the 2015-16 school year. 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. Swensen's compensation consisted of a salary and bonus as well as benefits and deferred compensation. Architectural company Centerbrook, one of Quinnipiacs lead architects that was. It utilizes . Here are the 15 highest-paid public and private university presidents. 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. Posted 12:00:00 AM. 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. Bloomberg. The estimated base pay is $151,651 per year. Maricopa Community Colleges. 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. 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. 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. 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. A legal scholar and inspiring leader, Magill joined Penn after serving as Executive Vice President and Provost at the University of Virginia and, prior to that, as the Richard E. Lang Professor and Dean of the Stanford Law School. Presidents of public universities have higher salaries than any elected or appointed public official. 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. 285 Yale University salary data. 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. University of Utah. 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 most recent years' compensation totals show high base pay rates with even higher bonuses and other pay. 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. 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. The report analyzed how much 550 private college presidents made in 2011, concluding the median total compensation was $410,523. Administrative Administrative $150,000 - $199,999 jobs in New Haven. About $860,000 of Swensens 2014 compensation had been reported as deferred compensation in filings from previous years. 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. California, film director, writer | 775 views, 8 likes, 5 loves, 78 comments, 217 shares, Facebook Watch Videos from Mike Netter: REBUILD CALIFORNIA TOWN. 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. Number of Salaries Reported. University of Pennsylvania President Amy Gutman ($3.1 million) was the top-earning Ivy League school president. 208. Olian made $524,436 during her first six months (July to December 2018) as Quinnipiac president. . Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. 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. Warminster, Pennsylvania. How much do Yale University employees earn on average in the United States? $53,702 / yr. she took last school year beginning in April 2020 due to the COVID-19 pandemic. Like other tax-exempt organizations, Yale is required by the IRS to annually file and make publicly available a document that details financial information including annual expenditure, revenues and information about its highest paid employees. 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. 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). Apply to Research Assistant, Director of Operations, Faculty and more! According to Wilde, most universities think this is simply what has to be offered to get the best leader possible for the institution. 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. *Effective July 1, 2022. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. 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. 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. 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). According to the companys website, it led the renovation of Larson, Perlroth and Troup residence halls. Visit Business Insider's homepage for more stories. "What higher education is doing is mirroring the behaviors of the corporate world.". The Top 10 Highest Paid Private College Presidents: By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. Through reports, presentations, op-eds, correspondence, web content, remarks, and collateral material, the senior writer will translate complex concepts into powerful language for a . 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. A Yale spokesperson did not respond to a request for clarification regarding the compensation structure of university employees. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. Four of the 22 employees whose compensations were disclosed by Yale work for the investments office. In 1841, James Smith Bush became the first member of the Bush family to attend Yale College (now Yale University). He became president of the university . That list of ten peers included Steven H. Kaplan, president of the the University of New Haven, who earned $581,312. On July 1, 2022, M. Elizabeth "Liz" Magill became the University of Pennsylvania's ninth President. The study was based on data from the 2015 calendar year and found the average pay for private college presidents who served a full year in 2015 was $569,932, according to a release from The Chronicle. 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. Andrew David Hamilton FRS (born 3 November 1952) is a British American chemist and academic who is the 16th and current President of New York University.From 2009 to 2015, he served as the Vice-Chancellor of the University of Oxford.Before leading Oxford, he was Provost of Yale University from 2004 to 2008. 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. Harvard and Princeton consistently rank among the top five schools with the largest endowments. Of his total compensation of $4,004,617, [] In 2019, Klasko's base pay was over $1.9 million. 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. Where Does $100 to Alliance Defending Freedom Go(2020)? The Chronicle updated its executive compensation tracker in July 2020 to include the most recent data on salaries from public and private institutions. According to the companys website, it. Centerbrooks worked on the Learning Commons offices and On the Rocks pub on York Hill. . 1. 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. Those factors include: education and experience, internal equity, and budget. Read more: The 25 highest-paying entry-level jobs for college grads. A small Won Buddhist institute is looking for a President. 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. The Associate professor salary is increased by 2.86 % from $145,124 to $149,272 over 163 Associate professors. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. 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. The gap between what faculty members and presidents earn has also risen. Wake Forest University President Nathan O. Hatch topped the list with a total pay of $4 million. 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. Administrative Vice Presidents. 2023 BuzzFeed, Inc. All rights reserved. PGY-2. 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. 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. 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. The Universitys compensation structure consists of many salary grades and bands. Won Institute of Graduate Studies. Whether it's comparing her salary against Harvard's $3.9 billion budget or the university's $30 billion endowment, which is run by people making more than $5 million a year. Yale Hospitality. Wesleyan University President Michael S. Roth made $871,182 and University of Hartford President Walter Harrison made $588,390 in total pay. 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 . 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 . The office is also responsible for overseeing the academic calendar, annual reports, and registration of non-undergraduate . Use Next and Previous buttons to navigate. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. Salovey and Lahy were among a group of 58 presidents earning more than $1 million in 2015. The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. 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. All residents are employees of Yale-New Haven Hospital, and are provided with a comprehensive benefits package. 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. The majority of the funds, or around $47.5 million, were labeled as investments in the Central America and the Caribbean region. 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. $73,425. The top ten most highly compensated individuals are all men. President compensation at over 400 private colleges and universities. Assistant Professor (minimum) 90,000. Yale University has an endowment valued at nearly $31.2B, as of the end of the 2020 fiscal year. maid, chauffeur, chef), and tax indemnification and gross up payments. The personnel committee sets salaries with an eye to attracting and retaining highly qualified and highly motivated executives, based on an annual review of agreed upon goals.. 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. The University's compensation structure consists of many salary grades and bands. The top five reveals a variety of compensation packages that are common among university presidents as a whole. Learn More Office of the President Info for Visiting Yale Campus Tours Maps & Directions Yale Visitor Center Museums & Galleries New Haven More Visit Resources 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. The Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. According to the Chronicle's senior reporter Jack Stripling, presidential pay is "chiefly driven by comparisons among peers.". H John Voorhees III / Hearst Connecticut Media, Brian A. It tracks the rising number of Yale administrators and how their salaries have soared, even as faculty pay has remained relatively stagnant. Saloveys pay of $1.15 million included base pay at $948,084 with other pay coming in at $155,663. $36,853 / yr. PhD Graduate Student salaries - 159 salaries reported. 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. 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. The following five individuals/entities (interested persons) received: To read the IRS Form 990 (2015), click here. 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. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. 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. 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. Lamar's book "The New Reader's Encyclopedia of the American West" is a canonical reference text in . Postgraduate Year. Yale University President Peter Salovey, before a press conference Wednesday, May 10, 2017 at the Stetson branch library in New Haven. Today's episode is with DanRam. Yale's succeeding president Peter Salovey ranks 40th with a 2020 salary of $1.16 million. Privacy policy, To: FAS Department and Program Chairs; FAS Lead Administrators, Chairs Assistants, and Operations Managers, Cc: FAS Deans Office; FAS Steering; Provosts Office. The answer is not as complicated as some people would lead you to believe. Save. It has a total undergraduate enrollment of 6,536 (fall 2021), its setting is city, and the campus size is 373 acres. 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. Lecturer Convertible (minimum) 84,000. The staggering cost of a college education perplexes many people who often wonder: Why does a 4-year degree from a top private school cost about $300,000 (or about $70,000-$75,000 annually)? How much do Yale New Haven Health employees earn on average in the United States? So why is Faust paid so much less than presidents at other private colleges? Posted 02/28/23. Machtley, 70, announced last May he would retire at the end of the 2020 school year. Bush attended the university about 100 years later. Salt Lake City, UT. Salovey's compensation included $948,084 in base pay, $53,741 in nontaxable pay and . Brown of Boston University, who ranked seventh at $2.48 million; Drew Gilpin Faust of Harvard, who ranked 21st at $1.56 million; and Joseph E. Aoun of Northeastern University, who was 25th at $1.44 million. 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. 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. 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. to develop the 10-year master plan, also received $425,786 from the university in the same year. PGY-1. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. 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.