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. The University's compensation structure consists of many salary grades and bands. Those factors include: education and experience, internal equity, and budget. Salaries for the 2022-2023 Academic Year. Administrative Administrative $150,000 - $199,999 jobs in New Haven. 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. Johns Hopkins University . This year, The Chronicle changed its methodology to . Apply to Research Assistant, Director of Operations, Faculty and more! 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. Of the 22 individuals listed above, 17 are men (or 78%) while 5 are women. Where Does $100 to Shriners Hospitals Go(2020)? Out of the 10 projects above, eight listed FIP Construction as a primary contractor, as well as the three residence halls. Postgraduate Year. 197. for the fiscal year ending June 2020 that the IRS released in June. Swensens 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. Actors Equity Association: How Membership Dues areSpent, Executive Compensation at Actors EquityAssociation, Executive Compensation at Shriners Hospitals(2020). Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. A sector-by-sector look at changes in average annual pay for workers in noninstructional jobs from 2012-13 to 2020-21. . Maricopa Community Colleges. Grade S2 . A spokesman for Yale University was not immediately available for comment. 285 Yale University salary data. Executive Compensation at the Alliance Defending Freedom(2020). University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. Yale University, private university in New Haven, Connecticut, one of the Ivy League schools. 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. Feature Image: Leon Bennett / Stringer / Getty Images Entertainment. 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. 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. 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. Warminster, Pennsylvania. 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%. Alexander E. Dreier, the Senior Vice President and General Counsel, joined the University in March 2015. Of the $54 million spent on travel, it is unclear what portion was spent on first class and chartered travel. 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 . Austin has also served as Senior Vice President of Strategy for . $53,702 / yr. The estimated base pay is $151,651 per year. Olian made $524,436 during her first six months (July to December 2018) as Quinnipiac president. Part of HuffPost News. Here are the highest-paid university presidents from private and public colleges in the US: 15. Yale was originally chartered by the colonial legislature of Connecticut as the Collegiate School and was held at Killingworth and other locations. Architectural company Centerbrook, one of Quinnipiacs lead architects that was not chosen to develop the 10-year master plan, also received $425,786 from the university in the same year. Lecturer Convertible (minimum) 84,000. Salary. 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. Other New England presidents on the list include Robert A. Laheys pay of $1.45 million included base pay of $1.06 million and other pay of $377,496, the Chronicle report said. As of the end of fiscal 2016, Yales endowment had a total market value of $25.4 billion. 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. The following five individuals/entities (interested persons) received: To read the IRS Form 990 (2015), click here. 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. maid, chauffeur, chef), and tax indemnification and gross up payments. 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). 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. The university does not release additional details about its operating budget outside the 990., This isnt about me: Tricia Fabbri reacts to her 500th career victory, Audit shows significant deficiencies in QUs financial recordkeeping. The senior vice president for operations is also responsible for the units reporting to the vice president for facilities and campus development, the vice president for finance & chief financial officer, and the vice president for human resources. 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. His compensation has fluctuated greatly throughout his time at the university, reaching an all-time high of $4 million in 2016. He was student body president from May 2019 to September 2020. 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. Wesleyan University President Michael S. Roth made $871,182 and University of Hartford President Walter Harrison made $588,390 in total pay. 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. 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. 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. The two fiscal years occurring in 2014 saw the endowment return 11.5 percent and 20.2 percent. As students find U.S. colleges increasingly unaffordable, university presidents' salaries at public and private schools continue to grow at a rapid pace. Top editors give you the stories you want delivered right to your inbox each weekday. 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. 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. . 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. 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. Yale University President Peter Salovey, before a press conference Wednesday, May 10, 2017 at the Stetson branch library in New Haven. Salovey and Lahy were among a group of 58 presidents earning more than $1 million in 2015. Yale Conferences & Events. As WBUR reporter Curt Nickisch pointed out a couple years ago, it's because Harvard is so much more prestigious. An independent compensation firm validates the list of appropriate peer institutions. 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 most recent data for public university salaries is from 2019, while the most recent data for private university salaries is from 2017. 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. renovation at North Haven campus: $150,000, offices in the Arnold Bernhard Library: $110,000, Ceiling, flooring and brick pavers replacement, for the three modular office trailers: $50,000. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. Data for 2009 reflect 519 chief executives at 482 colleges. All residents are employees of Yale-New Haven Hospital, and are provided with a comprehensive benefits package. The data shows the compensation received in 2010 by 493 chief executives at 480 private, nonprofit colleges in the United States. 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. The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. The number of presidents earning over $1 million is unusually high in 2015. $73,425. 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. Your email address will not be published. Here are the 15 highest-paid public and private university presidents. Though Swensen may earn more than his colleagues in New Haven, his compensation pales in comparison to his counterparts at the helm of at least one other Ivy League endowment despite Yales superior performance. As president, Daniels has focused on enhancing student access and reducing barriers to higher education. Transportation . 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. A handful of the highest-paid college presidents have resigned from their posts. Yale University pays an average salary of $270,438 and salaries range from a low of $234,063 to a high of $314,860. Although the organization primarily relies on program service revenue (i.e. 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. including his $1,012,707 base salary. 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. It has a total undergraduate enrollment of 6,536 (fall 2021), its setting is city, and the campus size is 373 acres. Yale's faculty salary increased by 2.71% compared to 2021 salary. Feb 2021 - May 20214 months. 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. Reporting to the associate vice president, the director is responsible for the overall leadership, strategic . Quinnipiac spent a total of $53.4 million in the category. University Job TitleAssistant Vice President, DevelopmentBargaining UnitNone - Not included in theSee this and similar jobs on LinkedIn. Total Employed Graduates. According to Wilde, most universities think this is simply what has to be offered to get the best leader possible for the institution. Yale also provided housing allowances or residences for personal use, personal services (i.e. 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. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. 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. 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. Ishaan Srivastava Peter Hvizdak / Hearst Connecticut Media file photo Show More . 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 . Box 208229, New Haven, CT 06520-8229, President Peter Salovey addresses the Yale College Class of 2026, Yales new commitments to mitigating climate change. Compensation: $5,037,567. In a foreword to a 2009 book authored by Swensen, former Yale Corporation Investment Committee Chairman Charles Ellis 59 wrote that the investments office has contributed multiples more than any of Yales most generous benefactors to the University. 1. 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). All rights reserved, 3 Prospect Street, New Haven, CT 06511 | P.O. Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. According to the Chronicle's senior reporter Jack Stripling, presidential pay is "chiefly driven by comparisons among peers.". PGY-1. The highest-paid university president in the Chronicle's ranking was Ronald Machtley, who stepped down this past summer. The most recent data is as of 2017 for private university presidents, and 2019 for public university presidents. Swensen's compensation consisted of a salary and bonus as well as benefits and deferred compensation. 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. How much do Yale New Haven Health employees earn on average in the United States? The year before (2015), Yale reported $5.5 billion in revenue and $3.3 billion in expenses (not including $259 million in depreciation). Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. 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. 25th Percentile. About $860,000 of Swensens 2014 compensation had been reported as deferred compensation in filings from previous years. Machtley, 70, announced last May he would retire at the end of the 2020 school 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. Privacy policy, To: FAS Department and Program Chairs; FAS Lead Administrators, Chairs Assistants, and Operations Managers, Cc: FAS Deans Office; FAS Steering; Provosts Office. 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. Bryant University President Ronald Machtley topped the list, making roughly $6.2 million in 2017. Wallace has led Savannah College of Art and Design for over four decades, since founding the institution in 1978. . Who would say no to being in charge of Harvard? 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. 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. PhD Student salaries - 186 salaries reported. His intention was for the institution to be home to exceptional individualsmen and women with imagination and extraordinary dedication capable of working at the cutting edge of their fields. The decline in Swensens pay from 2014 to 2015 also coincided with a decline in the performance of Yales endowment, though returns consistently remained among the highest for universities. 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 is a private institution that was founded in 1701. . Lahey said this spring he will retire in June 2018. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. Harvard University may be the richest institution of higher education, but its president is far from being the richest private college chief executive. 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 Assistant Vice President, Corporate & Foundation Relations and Government Grants. 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. 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. 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. Catherine Avalone/Catherine Avalone/New Haven Register. 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. Today's episode is with DanRam. Wallace's base pay in 2019 was nearly equal to her total compensation package in 2018. What do President George W. Bush, writer William F. Buckley Jr., and actress Meryl Streep have in common? Number of Salaries Reported. 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. University Policies, Procedures, Forms, and Guides, Student and Temporary Employee Salary Rates. Meet President Salovey. The estimated total pay for a Vice President at Yale University is $259,594 per year. H John Voorhees III / Hearst Connecticut Media, Brian A. 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. President George H.W. Their study included data from 568 presidents serving at 500 institutions during the 2015 calender year. PGY-2. President compensation at over 400 private colleges and universities. At Yale, he served as Dean of Yale College and the Edmund S. Morgan . Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. An annual report by the Chronicle of Higher Education in December 2017 provides data on the executive compensation at private colleges. 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. $63,675 in scholarships were awarded to interested persons (usually relatives of staff, officers, or trustees). Harvard and Princeton consistently rank among the top five schools with the largest endowments. Assistant Professor (minimum) 90,000. 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. 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)? Class of 2021. Johns Hopkins University's Ronald J. Daniels made $1,734,651 in 2017. Around $647,000 were expenses for study abroad programs. He became president of the university in July 2013. 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. 2022-23. 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. Yale's succeeding president Peter Salovey ranks 40th with a 2020 salary of $1.16 million. Yale Pediatric House Staff are provided a full range of benefits from Yale-New Haven Hospital that include, but are not limited to: . 1,171 employees received more than $100,000 in compensation with . Access your favorite topics in a personalized feed while you're on the go. The estimated additional pay is $107,942 per year. 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. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. 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. In 1841, James Smith Bush became the first member of the Bush family to attend Yale College (now Yale University). 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. who earned $1.6 million in fiscal 2013 as president of Texas A&M University at College Station. Presidents of Yale University, University of New Haven and Sacred Heart University made more than Olian, according to their 990 tax filing forms. Biography. Faculty Salary & Benefits. Senior Editor/Reporter, The Huffington Post. 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 Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. Founded/President of High School Chapter. 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.