[More on heads of university salary levels] University pay survey: hallowed halls of earning « Ninth Level Ireland
To chart the dramatic rise of university management pay, we have combined two sets of figures from their accounts.
The first is a pay league of more than 150 vice-chancellors, including pension contributions: from £474,000 for the head of the London Business School, down to a relatively modest £122,000 for Michael Earley, principal of the Rose Bruford drama college in Sidcup. The second is of senior staff paid more than £100,000 a year, adjusted to reflect university sizes.
Eight appear in the top 20 of both lists: the London Business School, University College London, Liverpool, Imperial College London, Nottingham, Oxford, King’s College London and Bristol. On analysis of these eight, we discovered that the earnings of their vice-chancellor,the chief executive, have sometimes doubled or tripled over the past decade, vastly outpacing the 30% rise in inflation. The number of other top academics paid more than £100,000 has also mushroomed; some universities now have hundreds, and the overall total runs into thousands.
More via link above. Let’s not forget that the market for academics is international, not national. See this post on Peter sutherland’s remarks of January last where it was argued in response that:
The universities need to be set free to do what they do best, and decisions regarding staffing levels and salaries, institutional mergers and collaborations need to be managed by the individual universities themselves. We need competition within and between the universities, and we need universities to be allowed to compete, succeed and indeed fail. A willingness to manage failure is surely just as vital as a desire to nurture success.
Worryingly, as this post on Ireland After NAMAputs it, there is a massive disinvestment in our whole education system:
At the same time that billions of euro are being pumped into propping up the banking and property sectors, there is presently underway a massive disinvestment from the education system – core budgets are being drastically trimmed, staff are being cut, supports slashed, capital programmes terminated, research funds hacked, etc. And this is despite the fact that the the OECD reports that Ireland, pre-the crash, was one of the lowest spenders per capita on research and development, and on education in general, with very large teacher-student ratios and weak support infrastructure (see paras 18 and 23; Tables 4 and 7; also see here).