Ishaan Srivastava Other New England presidents on the list include Robert A. Bloomberg first reported Swensens 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. Richard Levin, Yale President, Says He Will Step Down - The New York Times 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 . Associate Vice President for Public Relations John Morgan did not respond to questions about what projects each contractor worked on. 1 job to view and apply for now with The Chronicle of Higher Education Jobs . Posted 02/28/23. Bloomberg first reported Swensen's 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. Yale University | Data USA Save. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. It utilizes . For the most part, universities have not offered much insight into why compensation packages for presidents have become so generous. Elsewhere in the state, Trinity College President Joanne E. Berger-Sweeney made $524,945 in total pay, while University of New Haven President Steven H. Kaplan made $581,312. 2023 BuzzFeed, Inc. All rights reserved. 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. 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. Data - The Chronicle of Higher Education 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. $53,702 / yr. Biography. However, 40 percent of his income was due to deferred compensation. The Chronicle updated its executive compensation tracker in July 2020 to include the most recent data on salaries from public and private institutions. . Yale University Dislikes. "What higher education is doing is mirroring the behaviors of the corporate world.". 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. 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. His pay was on the lower end of the ten institutions selected by the Chronicle as comparison schools for Yale, with Robert Zimmer of the University of Chicago topping that list at $2.86 million, followed by Lee C. Bollinger of Columbia University bringing in $2.5 million. We attribute that, in part, to a market where presidents are negotiating more deferred compensation and bonus packages before they take the job, database reported Dan Bauman said in The Chronicles release. Olian's salary reached $1 million: Top-paid employees and contractors Class of 2021. Maricopa Community Colleges. University of Utah. 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. Grade S2 . 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. Howard R. Lamar, eminent historian and former Yale president 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. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. Saloveys pay of $1.15 million included base pay at $948,084 with other pay coming in at $155,663. she took last school year beginning in April 2020 due to the COVID-19 pandemic. A CT bill would expand it fur, Is CT recycling going into the trash? 42 Private College Presidents Make More Than $1M, And - HuffPost Yale University - Office of the Secretary and Vice President for Postgraduate Year. Klasko began his time as president of Jefferson in September 2013, retiring in December 2021. The Chronicle said the average pay of private college presidents who served the full year in 2015 was $569,932, up 9 percent over 2014. What do President George W. Bush, writer William F. Buckley Jr., and actress Meryl Streep have in common? U.S. college president compensation at over 400 private colleges and Harvard and Princeton consistently rank among the top five schools with the largest endowments. Wesleyan University President Michael S. Roth made $871,182 and University of Hartford President Walter Harrison made $588,390 in total pay. Now hes indicted on federal cocaine trafficking charges, Do Not Sell/Share My Personal Information. Zeppos served as chancellor of Vanderbilt for 11 years, beginning his tenure in 2008 and officially stepping down in August 2019. 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)? At the low end on that comparison list was Christopher Eisgruber, president of Princeton University, earning $938,839. Those salaries were earned in the 2015 calendar year the most recent year available from the Internal Revenue Service, according to the Chronicle. Architectural company Apicella + Bunton received $1.04 million from the university in 2019. 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. Tenure-track positions have shrunk as low-wage adjunct professors who typically work without benefits increase on campuses, according to the American Association of University Professors. 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 University's president promised to prioritize diversity while filling six high-ranking positions in the administration, according to student newspaper Yale Daily News. Quinnipiac, Yale Presidents Among 50 Highest, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Welcome to the new courant.com: Whats changed, FAQs and more, Quinnipiac, Yale Presidents Among 50 Highest Paid Chief Executives Of Private Colleges, CT legislators raising questions about heating assistance program, CT secures $18 million to combat PFAS in drinking water. Total Employed Graduates. Salary and Benefits < Pediatrics: Education & Training 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. Privacy policy, To: FAS Department and Program Chairs; FAS Lead Administrators, Chairs Assistants, and Operations Managers, Cc: FAS Deans Office; FAS Steering; Provosts Office. 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 number of presidents earning over $1 million is unusually high in 2015. Yale University Careers hiring Assistant Vice President, Schools and Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing . The year before (2015), Yale reported $5.5 billion in revenue and $3.3 billion in expenses (not including $259 million in depreciation). Nikias stepped down in 2018 after 200 professors signed a letter accusing him of mishandling allegations of sexual assault involving a former campus gynecologist. Salary & Benefits < Neurology 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. 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. Reporting to the associate vice president, the director is responsible for the overall leadership, strategic . Yale University; Yale Phonebook; Library & Reference . 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). Presidents of Yale University, University of New Haven and Sacred Heart University made more than Olian, according to their 990 tax filing forms. The data shows the compensation received in 2010 by 493 chief executives at 480 private, nonprofit colleges in the United States. Administrative Administrative $150,000 - $199,999 jobs in New Haven. Abe Lopman: SR. VP (VESTED DEFERRED) 40: $2,227,425: Richard D'Aquila: PRESIDENT/TRUSTEE (CURRENT YR COMP) 32: $2,169,059: Marna Borgstrom . 285 Yale University salary data. The third . Yale also provided housing allowances or residences for personal use, personal services (i.e. including his $1,012,707 base salary. Brown of Boston University, who ranked seventh at $2.48 million; Drew Gilpin Faust of Harvard, who ranked 21st at $1.56 million; and Joseph E. Aoun of Northeastern University, who was 25th at $1.44 million. Bush attended the university about 100 years later. A handful of the highest-paid college presidents have resigned from their posts. An independent compensation firm validates the list of appropriate peer institutions. Of his total compensation of $4,004,617, [] The top five reveals a variety of compensation packages that are common among university presidents as a whole. 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 highest-paid university president in the ranking is the former president of Bryant University, Ronald K. Machtley. Based on the current Yale University - YUSOA contract, the hourly rates in effect for new hires as of January 16, 2022 are posted below. The most recent years' compensation totals show high base pay rates with even higher bonuses and other pay. Considering the relatively low cost of living in the New Haven area, the resident salaries are highly competitive. 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. Paula S. Wallace, Savannah College of Art and Design. The Office of the President is located in Woodbridge Hall, a 1901 building erected specifically for administrative purpose. Four of the 22 employees whose compensations were disclosed by Yale work for the investments office. 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. You are also agreeing to our Terms of Service and Privacy Policy. As Yales fiscal year ends on June 30, Swensens compensation for 2015 overlapped with both fiscal 2016 and fiscal 2015, when the University reported endowment returns of 3.4 percent and 11.5 percent, respectively. 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. This year, The Chronicle changed its methodology to . $66,573. They are all Yalies. The Office of the President supports the work and priorities of President Salovey by managing and coordinating key programs, communications, and schedules. On the public side, University of Connecticut President Susan Herbst made $852,773 in total pay during the 2015-16 school year, good enough to place her 13 among 254 chief executives in public schools, according to the study. 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. Compensation: $5,037,567. The estimated additional pay is $107,942 per year. Visit Business Insider's homepage for more stories. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. 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 . President compensation at over 400 private colleges and universities. 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. Swensens 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. Quinnipiac, Yale Presidents Among 50 Highest Paid Chief Executives Of

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