yale university president salary

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. 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). 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. An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. How much America's top 50 highest-paid private-university presidents make? The Form 990 (2015) also reports Yale paid for first class and chartered travel and travel for companions. The top ten most highly compensated individuals are all men. 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. 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. Fifty-eight of the private college presidents earned more than $1 million in 2015, up from the previous year when 39 private college presidents did so. 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 University of Chicago's Robert Zimmer was the highest paid president on the new list, earning $3,358,723. Yale's faculty salary increased by 2.71% compared to 2021 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. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. A rain garden is an area dug slightly below the surrounding area that can catch and collect rainfall and keep it from carrying pollutants downstream. Class of 2021. 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. Feature Image: Leon Bennett / Stringer / Getty Images Entertainment. 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. Dr. Tessier-Lavigne was born in Trenton, Ontario, Canada. The earnings place Lahey 24th on the list of highest-paid college executives in the country among private colleges. the renovation of Larson, Perlroth and Troup residence halls. A Yale spokesperson did not respond to a request for clarification regarding the compensation structure of university employees. 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). Four of the 22 employees whose compensations were disclosed by Yale work for the investments office. . Executive Compensation at the Alliance Defending Freedom(2020). The estimated salary at Yale University ranges from approximately $29,936 per year for Chemist to $161,859 per year for Associate Professor. University of Pennsylvania President Amy Gutman ($3.1 million) was the top-earning Ivy League school president. He was making 50 times the average faculty member. The Chronicle updated its executive compensation tracker in July 2020 to include the most recent data on salaries from public and private institutions. The hourly rates in effect as of January 22, 2023 are posted below. Actors Equity Association: How Membership Dues areSpent, Executive Compensation at Actors EquityAssociation, Executive Compensation at Shriners Hospitals(2020). Save. Centerbrooks worked on the Learning Commons offices and On the Rocks pub on York Hill. He became president of the university in July 2013. Alexander E. Dreier, the Senior Vice President and General Counsel, joined the University in March 2015. Saloveys compensation included $948,084 in base pay, $53,741 in nontaxable pay and $155,663 in other pay. Some haulers caught, Arming guidance counselors? Bloomberg first reported Swensen's 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. 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. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. Wake Forest University President Nathan O. Hatch topped the list with a total pay of $4 million. 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). "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". 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. According to the companys website, it led the renovation of Larson, Perlroth and Troup residence halls. Laheys pay of $1.45 million included base pay of $1.06 million and other pay of $377,496, the Chronicle report said. Enter your email address to follow this blog and receive notifications of new posts by email. 2023 BuzzFeed, Inc. All rights reserved. PhD Student salaries - 186 salaries reported. 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. Johnson . 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. 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. This contamination is a threat., Labor asks CT to regulate Amazon warehouse quotas, A CT man faces state charges. The number of presidents earning over $1 million is unusually high in 2015. 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. It is also important to note that in addition to the above management salaries, $55 million in investment fees were paid to outside firms. 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. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of . 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. Presidents of public universities have higher salaries than any elected or appointed public official. Architectural company Apicella + Bunton received $1.04 million from the university in 2019. He is A 5x TEDx speaker, 3x entrepreneur, prolific speaker, and startup coach, his clients range from individual founders to national governments. 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. Where Does $100 to Shriners Hospitals Go(2020)? 593 Yale University jobs available on Indeed.com. University President Peter Salovey, by comparison, was paid about $1.4 million in the same year. For most executives, base pay accounted for less than half of their total compensation for the year. The most recent data for public university salaries is from 2019, while the most recent data for private university salaries is from 2017. 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). Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. Out of the total, $5.6 million was grantmaking money for different regions including North America, Central America, Asia, Europe, Middle East, Africa and Russia and neighboring states. The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. Yale University is a private institution that was founded in 1701. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. 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. Since the salaries in the 990 form were reported by calendar year (2019) instead of fiscal year, Olians income did not include. Senior Editor/Reporter, The Huffington Post. Harvard President Drew Gilpin Faust didn't even crack the top 10, or top 20. Data for 2009 reflect 519 chief executives at 482 colleges. Yale's administration disputed the notion that it had given into pressure from the donors, one of whom donated $250 million to the university in 2013 the largest gift in its history. All rights reserved, 3 Prospect Street, New Haven, CT 06511 | P.O. Jessica Bryant is a data reporter for BestColleges covering higher education trends. Gerken, the Sol & Lillian Goldman Professor of Law, became Dean in 2017 and is the first woman to serve in this role. 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. University of Utah. The average was a 9 percent increase from 2014. 1. The gap between what faculty members and presidents earn has also risen. Here are the highest-paid university presidents from private and public colleges in the US: Ratio of total compensation to average full-professor salary: 16:1, Ratio of total compensation to average full-professor salary: 9:1, Ratio of total compensation to average full-professor salary: 4:1, Ratio of total compensation to average full-professor salary: 11:1, Ratio of total compensation to average full-professor salary: 12:1, Ratio of total compensation to average full-professor salary: 27:1, Ratio of total compensation to average full-professor salary: 10:1, Ratio of total compensation to average full-professor salary: 13:1. 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. Yale University has an endowment valued at nearly $31.2B, as of the end of the 2020 fiscal year. This is a carousel. Wilde has studied executive compensation in higher education for years. 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. Pioneering neuroscientist, biotechnology executive and academic leader Marc Tessier-Lavigne became Stanford University's eleventh president on September 1, 2016. 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. 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. 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. Director, Parent Gifts. maid, chauffeur, chef), and tax indemnification and gross up payments. . It tracks the rising number of Yale administrators and how their salaries have soared, even as faculty pay has remained relatively stagnant. Here are the highest-paid university presidents from private and public colleges in the US: 15. Those salaries were earned in the 2015 calendar year the most recent year available from the Internal Revenue Service, according to the Chronicle. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. Meet President Salovey. The presidents of Quinnipiac University and Yale University are among the 50 highest paid chief executives at private colleges and universities, according to the Chronicle of Higher Educations annual survey. 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. 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. The most recent years' compensation totals show high base pay rates with even higher bonuses and other pay. The third . The estimated base pay is $151,651 per year. 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. Likewise, Princeton University President Shirley M. Tilghman ranked 51st with $935,326 in compensation. Here are the 15 highest-paid public and private university presidents. California, film director, writer | 775 views, 8 likes, 5 loves, 78 comments, 217 shares, Facebook Watch Videos from Mike Netter: REBUILD CALIFORNIA TOWN. Like other tax-exempt organizations, Yale is required by the IRS to annually file and make publicly available a document that details financial information including annual expenditure, revenues and information about its highest paid employees. Please see the charts below for important information on certain non-tenured ladder and lecturer salaries for 2022-23. How much do Yale New Haven Health employees earn on average in the United States? Where Does $100 to Alliance Defending Freedom Go(2020)? *Effective July 1, 2022. Harvard and Princeton consistently rank among the top five schools with the largest endowments. An independent compensation firm validates the list of appropriate peer institutions. Blyth has since been replaced in his role at Harvard by Nirmal Narvekar, who earned $6 million in 2015 while leading Columbia Universitys investments office. 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. 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. This year, The Chronicle changed its methodology to . Of his total compensation of $4,004,617, [] To read more about these benefits, see Schedule J, Part III of the Form 990. 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. 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. 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. He was accepted to Yale University before serving in the U.S. Navy, but deferred his entry to the university until after he was discharged from service. Lamar's book "The New Reader's Encyclopedia of the American West" is a canonical reference text in . Yale Conferences & Events. Grade S2 . Senior director of investments Dean Takahashi, who earned about $3.2 million, was the second-highest paid employee in 2015. 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. Andrew David Hamilton FRS (born 3 November 1952) is a British American chemist and academic who is the 16th and current President of New York University.From 2009 to 2015, he served as the Vice-Chancellor of the University of Oxford.Before leading Oxford, he was Provost of Yale University from 2004 to 2008. 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.

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