Home > University Quality > Salaries soar for heads of British universities | Education | The Guardian

Salaries soar for heads of British universities | Education | The Guardian

Salaries soar for heads of British universities | Education | The Guardian.

Some quotes:

The income of thousands of the most senior British academics has soared over the past decade, far outstripping growth in average lecturers’ pay, according to a Guardian inquiry.

More than 80 university heads, generally known as vice-chancellors, now earn more than the prime minister, and some have seen their annual earnings double or even triple in 10 years. Some got 15% or 20% pay rises last year alone, compared with a 45.7% rise over 10 years for average higher education teaching professionals.

The hightest-paid VC gets £474,000, and 19 get more than £300,000, including employer pension contributions.

And

At Oxford, where the income of the VC – currently Prof Andrew Hamilton – has more than tripled since 1999 to its present £327,000, a spokesman defended the rises because Oxford was “the number one university in the country” and the biggest research provider.

Hamilton’s predecessor had succeeded in doubling research income and fundraising £770m, the university said.

Oxford has the highest-paid university employee in the country: the fund manager Sandra Robertson is paid £580,000 to manage its billion-pound endowments.

And in the US:

College President Salaries Continued to Climb
Some salaries increased by 15 percent before the economic crunch hit
By Kim Clark [Posted November 2, 2009]

In the year before the economy collapsed, the paychecks of private college presidents continued to climb, according to a new analysis by the Chronicle of Higher Education. The typical president of a private college got a raise of more than $26,000, or 6.5 percent, to bring the total pay package up to $358,746. Pay was higher and rose even faster at major private research universities: The median pay of $627,750 at those institutions represented a one-year jump of 15.5 percent. In addition, the Chronicle found that 85 of the 419 private colleges surveyed were paying at least one former employee more than $200,000.

International comparisons are interesting and revealing.

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