Presidents of Yale University, University of New Haven and Sacred Heart University made more than Olian, according to their 990 tax filing forms. About $860,000 of Swensens 2014 compensation had been reported as deferred compensation in filings from previous years. 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. "Everyone we've looked at makes more than the governor of their state. Jonathan Holloway, a U.S. historian, took office as the 21st president of Rutgers, The State University of New Jersey, on July 1, 2020. . The most recent years' compensation totals show high base pay rates with even higher bonuses and other pay. Top editors give you the stories you want delivered right to your inbox each weekday. Enter your email address to follow this blog and receive notifications of new posts by email. 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. The Department of Chemistry and Physics at Saint Mary's College, Notre Dame, IN, is seeking to fill a one-year visiting assistant professor line in any sub-discipline of physics. 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. In 2016, Yale reported $4.8 billion in revenue and $3.4 billion in expenses (not including $257 million in depreciation). 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). 197. 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. Led discussions on influencing internet policy to contribute towards ISOC meetings discussing policy change among local chapters. Save. A small Won Buddhist institute is looking for a President. Salary. 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. Dr. Tessier-Lavigne was born in Trenton, Ontario, Canada. Privacy policy, To: FAS Department and Program Chairs; FAS Lead Administrators, Chairs Assistants, and Operations Managers, Cc: FAS Deans Office; FAS Steering; Provosts Office. Vice President Administrative Services. Yale University pays an average salary of $270,438 and salaries range from a low of $234,063 to a high of $314,860. Architectural company Centerbrook, one of Quinnipiacs lead architects that was. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. CT proposal causes confusion, concern. 1 job to view and apply for now with The Chronicle of Higher Education Jobs Salovey's compensation included $948,084 in base pay, $53,741 in nontaxable pay and . Aug. 30, 2012. Likewise, Princeton University President Shirley M. Tilghman ranked 51st with $935,326 in compensation. Alexander E. Dreier, the Senior Vice President and General Counsel, joined the University in March 2015. In 2020, Gutmann's salary was back in the news after it was announced that she would not be taking a COVID-induced pay cut like many other university presidents, instead opting to take a pay freeze. 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. 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. 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. As students find U.S. colleges increasingly unaffordable, university presidents' salaries at public and private schools continue to grow at a rapid pace. 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. 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 You are also agreeing to our Terms of Service and Privacy Policy. Meet President Salovey. Total Revenue . she took last school year beginning in April 2020 due to the COVID-19 pandemic. 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 . 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. According to tax filings from 2016, Swensen received about $930,000 more in compensation in the 2014 calendar year than in 2015. Johns Hopkins University . 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. 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. Wake Forest University President Nathan O. Hatch topped the list with a total pay of $4 million. By clicking Sign up, you agree to receive marketing emails from Insider $63,675 in scholarships were awarded to interested persons (usually relatives of staff, officers, or trustees). The amount did not include scholarships it offered to international students. At the low end on that comparison list was Christopher Eisgruber, president of Princeton University, earning $938,839. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. 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. 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. Jessica Bryant is a data reporter for BestColleges covering higher education trends. The two fiscal years occurring in 2014 saw the endowment return 11.5 percent and 20.2 percent. Assistant Vice President, Corporate & Foundation Relations and Government Grants. 2022-23. 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. 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. Nikias stepped down in 2018 after 200 professors signed a letter accusing him of mishandling allegations of sexual assault involving a former campus gynecologist. The estimated hourly pay at Yale University ranges from approximately $8.63 per hour for Software Engineer to $52.59 per hour for Professor.. 208. Lamar's book "The New Reader's Encyclopedia of the American West" is a canonical reference text in . Actors Equity Association: How Membership Dues areSpent, Executive Compensation at Actors EquityAssociation, Executive Compensation at Shriners Hospitals(2020). But Faust is "one of the least-well-compensated presidents relative to budget," the Chronicle says. Yale University has an endowment valued at nearly $31.2B, as of the end of the 2020 fiscal year. The position entails teaching an introductory physics sequence, upper-level physics courses, and related labs. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. 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). Salary stipends for 2020-2021 are: PGY1 - $69,209 PGY2 - $72,670 PGY3 - $76,303 PGY4 - $80,118 PGY5 - $82,522 PGY6 - $84,885 PGY7 - $89,129 PGY8 - $93 . Won Institute of Graduate Studies. Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. Connecticut State Colleges and Universities Board of Regents President made $413,487 in total pay during the same time span. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of . He was 99. 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. 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. Today's episode is with DanRam. 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. An independent compensation firm validates the list of appropriate peer institutions. 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. 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. While the salary for a specific position will fall within this range, there are a number of factors also taken into consideration to determine the final salary. Posted 02/28/23. It is also important to note that in addition to the above management salaries, $55 million in investment fees were paid to outside firms. Gutmann's compensation in her early years with the university increased exponentially, then only saw minor shifts between 2013 and 2019. In 2019, Daniels' base pay exceeded $1.4 million while the remainder of his pay was earned in other pay and nontaxable benefits, which accounted for nearly 57% of his total compensation. A sector-by-sector look at changes in average annual pay for workers in noninstructional jobs from 2012-13 to 2020-21. . In 2020, Yale University had a total salary expenditure of $4.09B. 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 president's salary came in fourth. Part of HuffPost News. University Policies, Procedures, Forms, and Guides, Student and Temporary Employee Salary Rates. Saloveys compensation included $948,084 in base pay, $53,741 in nontaxable pay and $155,663 in other pay. Much like business-executive pay, university-president compensation has grown over the past decade. QU President Judy Olian addresses campus news. Assistant Professor (minimum) 90,000. With her colleague, Jim Finkelstein, she has analyzed approximately 250 presidential contracts. 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. They are all Yalies. The Associate professor salary is increased by 2.86 % from $145,124 to $149,272 over 163 Associate professors. The Office of the President is located in Woodbridge Hall, a 1901 building erected specifically for administrative purpose. It was founded in 1701 and is the third oldest university in the United States. A handful of the highest-paid college presidents have resigned from their posts. Where Does $100 to Alliance Defending Freedom Go(2020)? President George H.W. Beyond the surge in overall compensation, the way in which university presidents get paid also has transformed. Box 208229, New Haven, CT 06520-8229, President Peter Salovey addresses the Yale College Class of 2026, Yales new commitments to mitigating climate change. 593 Yale University jobs available on Indeed.com. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. Another architectural company, Amenta Emma, worked on Olians house, Student Health Services reception area and the CAS advising common. $524,436 during her first six months (July to December 2018) as Quinnipiac president. 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. $40,414 / yr. Graduate Student salaries - 175 salaries reported. Ishaan Srivastava Yale Conferences & Events. Apply to Research Assistant, Director of Operations, Faculty and more! 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. Wallace's base pay in 2019 was nearly equal to her total compensation package in 2018. $42,509 / yr. Postdoctoral Research Associate salaries - 150 salaries reported. Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. The Chronicle reported Hatchs salary was boosted by a $2.89 million deferred-compensation arrangement accrued over 10 years paid out in 2015. New Haven mega-landlord fined $1,500 for housing code violations in fourth criminal case since May, Student hit by vehicle at York-Elm intersection hospitalized for injuries, Yale professor wins Academy Award for technical achievement, Professor Robin Fierce: RuPauls Drag Race contestant visits Yale Law School, Inside the Hahn Scholars programs push to recruit top STEM students, 202 York Street, New Haven, CT 06511 | (203) 432-2400, Swensens compensation consisted of a salary and bonus as well as benefits and deferred compensation. Laheys pay of $1.45 million included base pay of $1.06 million and other pay of $377,496, the Chronicle report said. Zeppos served as chancellor of Vanderbilt for 11 years, beginning his tenure in 2008 and officially stepping down in August 2019. 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. Gutmann, the eighth president of the University of Pennsylvania (Penn), was the second highest-paid female university president in 2019. This is a carousel. Class of 2021. Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. 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. Wilde has studied executive compensation in higher education for years. As of the end of fiscal 2016, Yales endowment had a total market value of $25.4 billion. Yale Hospitality. 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 gap between what faculty members and presidents earn has also risen. Yale University Dislikes. But there is very little vetting that is done in the process of hiring university presidents.". 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. YALE NEW HAVEN HOSPITAL 20 YORK STREET, NEW HAVEN, CT 06504 www.ynhh.org. Tufts highest expense - compensation - was $549 million (about 50% of revenue) for 12,647 employees, which equates to an average compensation of $44,000 (compared to $46,000 at Georgetown, $42,000 at Boston College, $74,000 at University of Chicago, and $64,000 at Princeton). 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. 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. As Yale's chief legal officer and legal . Position Focus: Reporting to the Director of Communications, the senior writer will support external and internal communications for the Office of the President. 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. All of Yale's graduate and professional schools provide financial aid to their students based on their individual policies and procedures. 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. 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). 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. Bloomberg. Laheys base pay is the ninth highest among private college presidents. Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. 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. Posted 12:00:00 AM. The renovation came after asbestos was found in the walls. Yale New Haven Health pays an average salary of $1,639,666 and salaries range from a low of $1,437,173 to a high of $1,877,674. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. Considering the relatively low cost of living in the New Haven area, the resident salaries are highly competitive. 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 estimated additional pay is $107,942 per year. $73,425. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. 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). On July 1, 2022, M. Elizabeth "Liz" Magill became the University of Pennsylvania's ninth President. Researchers examined over 1,300 cases at George Washington University and . Full-Time Salaries of Employed Graduates. This year, The Chronicle changed its methodology to . . "There are various add-ons [in these contracts] that sometimes aren't even defined," said Judith Wilde, a research professor at George Mason University. As part of its report, the Chronicle compared the presidents salaries to those at ten similar institutions. "What higher education is doing is mirroring the behaviors of the corporate world.". Learn More Office of the President Info for Visiting Yale Campus Tours Maps & Directions Yale Visitor Center Museums & Galleries New Haven More Visit Resources The University's compensation structure consists of many salary grades and bands. Average Yale University salary is $72,496 Detailed Yale University starting salary, median salary, pay scale, bonus data report ranked by Date, page 5. . 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. 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. 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. The 25 highest-paying entry-level jobs for college grads, accusing him of mishandling allegations of sexual assault, American Association of University Professors, Pay for university presidents has risen dramatically over the last several years, according to data from. Wesleyan University President Michael S. Roth made $871,182 and University of Hartford President Walter Harrison made $588,390 in total pay. He earned the rest in bonuses, other pay, and nontaxable benefits, which together accounted for 56% of his total compensation that year. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. In 1716 the school was moved to New Haven, and in 1718 it was renamed Yale . Lecturer Convertible (minimum) 84,000. Faust made $899,734 in 2011, putting her at the 54th highest paid. Paula S. Wallace, Savannah College of Art and Design. The hourly rates in effect as of January 22, 2023 are posted below.