Yale University is a private institution that was founded in 1701. Pounds / Hearst Connecticut Media, 2023 Hearst Media Services Connecticut, LLC, West Haven public housing waitlist highlights 'national crisis', New Haven St. Patrick's Parade led entirely by women this year, SCSU president steps down, accepts presidency at NJ university, State grants charter for all-boys school proposal in New Haven, Three arrested in connection with Woodbridge burglaries, cops say, Study: Tweed expansion would bring environmental improvements, CT board pressures West Haven on financial oversight fixes, Student brought knife to CT elementary school, official says, A reversal of fortune: Derby retail center continues rebound with new tenant American Freight, 'Tent City' residents get reprieve, for now, after New Haven, state order them to clean up, Three arrested in connection with string of January burglaries in Woodbridge, police say, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Tweed New Haven environmental study says expansion would bring improvements, Milford development would include 50 apartments, municipal parking garage, CT grants charter for New Haven all-boys school proposal, The Best Private High Schools near New Haven, Guide to Legal Cannabis Dispensaries in CT, The Best Private Preschools Near New Haven. His compensation has fluctuated greatly throughout his time at the university, reaching an all-time high of $4 million in 2016. Austin has also served as Senior Vice President of Strategy for . View details. Jessica Bryant is a data reporter for BestColleges covering higher education trends. Tempe, AZ. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. 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. 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. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. According to the companys website, it. 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. A CT bill would expand it fur, Is CT recycling going into the trash? The average was a 9 percent increase from 2014. 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. Since the salaries in the 990 form were reported by calendar year (2019) instead of fiscal year, Olians income did not include. The Chronicle of Higher Education compiled compensation data from the Internal Revenue . The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. Harvard University may be the richest institution of higher education, but its president is far from being the richest private college chief executive. Heres what you need to know. Four of the 22 employees whose compensations were disclosed by Yale work for the investments office. All of Yale's graduate and professional schools provide financial aid to their students based on their individual policies and procedures. The unspent portion of revenue more than a billion in 2016 and $2 billion in 2015 went to the net fund assets, a portion of which was offset by unrealized losses on investments. Other New England presidents on the list include Robert A. Swensens compensation consisted of a salary and bonus as well as benefits and deferred compensation. Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. 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. The year before (2015), Yale reported $5.5 billion in revenue and $3.3 billion in expenses (not including $259 million in depreciation). CT proposal causes confusion, concern. Top editors give you the stories you want delivered right to your inbox each weekday. Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. 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. 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). 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. Number of Salaries Reported. How much America's top 50 highest-paid private-university presidents make? 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. 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. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. But Faust is "one of the least-well-compensated presidents relative to budget," the Chronicle says. 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. 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. QU President Judy Olian addresses campus news. How much do Yale University employees earn on average in the United States? 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. About $860,000 of Swensens 2014 compensation had been reported as deferred compensation in filings from previous years. In 2020, Yale University had a total salary expenditure of $4.09B. 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. According to Wilde, most universities think this is simply what has to be offered to get the best leader possible for the institution. Yale Conferences & Events. Johns Hopkins University . Your email address will not be published. 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 Universitys compensation structure consists of many salary grades and bands. 3:41 pm, May 26, 2017. Biography. 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. 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. 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. 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. 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. Warminster, Pennsylvania. It utilizes . Lamar's book "The New Reader's Encyclopedia of the American West" is a canonical reference text in . Based on the current Yale University-Local 35, FUE, Unite Here contract, the hourly rates in effect as of January 22, 2023 are posted below. 208. 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. Reporting to the associate vice president, the director is responsible for the overall leadership, strategic . 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. 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. 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 amount did not include scholarships it offered to international students. That list of ten peers included Steven H. Kaplan, president of the the University of New Haven, who earned $581,312. Administrative Vice Presidents. Marc Tessier-Lavigne. Harvards 5.8 percent endowment return in fiscal 2015 was almost 6 percentage points lower than Yale, and the Cambridge-based school posted a 2 percent loss in fiscal 2016. Here are the 15 highest-paid public and private university presidents. 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. Dr. Tessier-Lavigne was born in Trenton, Ontario, Canada. A sector-by-sector look at changes in average annual pay for workers in noninstructional jobs from 2012-13 to 2020-21. . 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). Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. Apply to Research Assistant, Director of Operations, Faculty and more! University Policies, Procedures, Forms, and Guides, Student and Temporary Employee Salary Rates. With her colleague, Jim Finkelstein, she has analyzed approximately 250 presidential contracts. 2023 BuzzFeed, Inc. All rights reserved. Even as students struggle with rising college costs, university presidents rake in millions amid rapid increases in salaries, bonuses, benefits, and perks. Around $647,000 were expenses for study abroad programs. The office is also responsible for overseeing the academic calendar, annual reports, and registration of non-undergraduate . Wallace's base pay in 2019 was nearly equal to her total compensation package in 2018. Saloveys compensation included $948,084 in base pay, $53,741 in nontaxable pay and $155,663 in other pay. Nikias stepped down in 2018 after 200 professors signed a letter accusing him of mishandling allegations of sexual assault involving a former campus gynecologist. Class of 2021. Abe Lopman: SR. VP (VESTED DEFERRED) 40: $2,227,425: Richard D'Aquila: PRESIDENT/TRUSTEE (CURRENT YR COMP) 32: $2,169,059: Marna Borgstrom . 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. Faculty Salary & Benefits. 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. Vice President Administrative Services. AI programs can produce college papers. Wake Forest University President Nathan O. Hatch topped the list with a total pay of $4 million. University of Pennsylvania President Amy Gutman ($3.1 million) was the top-earning Ivy League school president. According to the companys website, it led the renovation of Larson, Perlroth and Troup residence halls. 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. He was student body president from May 2019 to September 2020. including his $1,012,707 base salary. 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. Yale Pediatric House Staff are provided a full range of benefits from Yale-New Haven Hospital that include, but are not limited to: . It is also important to note that in addition to the above management salaries, $55 million in investment fees were paid to outside firms. So why is Faust paid so much less than presidents at other private colleges? The majority of the funds, or around $47.5 million, were labeled as investments in the Central America and the Caribbean region. How much do Yale New Haven Health employees earn on average in the United States? Her bonus pay, other pay, and nontaxable benefits accounted for 53% of total pay. 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. Yale University, private university in New Haven, Connecticut, one of the Ivy League schools. The Chronicle updated its executive compensation tracker in July 2020 to include the most recent data on salaries from public and private institutions. The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. 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. Kahlil Greene is an undergraduate at Yale University. Postgraduate Year. "There are various add-ons [in these contracts] that sometimes aren't even defined," said Judith Wilde, a research professor at George Mason University. 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. 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. 25th Percentile. It tracks the rising number of Yale administrators and how their salaries have soared, even as faculty pay has remained relatively stagnant. "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". Assistant Vice President, Corporate & Foundation Relations and Government Grants.