yale university president salary yale university president salary

The Chronicle of Higher Education compiled compensation data from the Internal Revenue . Her bonus pay, other pay, and nontaxable benefits accounted for 53% of total pay. Apply to Research Assistant, Director of Operations, Faculty and more! Around $647,000 were expenses for study abroad programs. Where Does $100 to Alliance Defending Freedom Go(2020)? 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. 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. Ishaan Srivastava Columbia University president Lee C. Bollinger is the highest-paid executive in the Ivy League. she took last school year beginning in April 2020 due to the COVID-19 pandemic. Gutmann, the eighth president of the University of Pennsylvania (Penn), was the second highest-paid female university president in 2019. Wallace's base pay in 2019 was nearly equal to her total compensation package in 2018. Number of Salaries Reported. Harvard and Princeton consistently rank among the top five schools with the largest endowments. 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. Jessica Bryant is a data reporter for BestColleges covering higher education trends. He became president of the university . Accessibility not specifically part of South Quad construction planning, university official says, Why QU law and other schools are dropping out of this popular college ranking. Yale University, private university in New Haven, Connecticut, one of the Ivy League schools. Required fields are marked *, Building permit for air conditioning unit installation in Larson Hall, Building permit for interior renovation to Quinnipiac President Judy Olian's house, Quinnipiac University President Judy Olian earned $1,023,741 during her first full year at the university in 2019, according to. Investment income and the sale of assets resulted in $2.1 billion in income (an 8% return) in income (although there was $1.7 in unrealized losses on investments which if recognized means the return was less than 2%. Klasko began his time as president of Jefferson in September 2013, retiring in December 2021. 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. Bloomberg first reported Swensen's 2015 pay package earlier this week, citing tax filings provided to the financial news service by Yale. Marc Tessier-Lavigne. The estimated hourly pay at Yale University ranges from approximately $8.63 per hour for Software Engineer to $52.59 per hour for Professor.. 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 . He was 99. In 2016, Yale reported $4.8 billion in revenue and $3.4 billion in expenses (not including $257 million in depreciation). The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. 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. Bush attended the university about 100 years later. The most recent data for public university salaries is from 2019, while the most recent data for private university salaries is from 2017. 77% feel they are paid fairly. 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. Harvard and Princeton consistently rank among the top five schools with the largest endowments. The most recent data is as of 2017 for private university presidents, and 2019 for public university presidents. PhD Student salaries - 186 salaries reported. Save. 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. He is A 5x TEDx speaker, 3x entrepreneur, prolific speaker, and startup coach, his clients range from individual founders to national governments. University of Pennsylvania President Amy Gutman ($3.1 million) was the top-earning Ivy League school president. Aug. 30, 2012. Zeppos served as chancellor of Vanderbilt for 11 years, beginning his tenure in 2008 and officially stepping down in August 2019. The gap between what faculty members and presidents earn has also risen. According to tax filings from 2016, Swensen received about $930,000 more in compensation in the 2014 calendar year than in 2015. California, film director, writer | 775 views, 8 likes, 5 loves, 78 comments, 217 shares, Facebook Watch Videos from Mike Netter: REBUILD CALIFORNIA TOWN. Posted 12:00:00 AM. Andrew Carnegie founded the Carnegie Institution of Washington (Carnegie Science) in 1902 as an organization for scientific discovery. Your email address will not be published. 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. The following costs only included the estimated costs listed in the building permit of each project, it did not include costs listed in its electrical, mechanical and plumbing permits. "There has never been as great a discrepancy in higher education between those who are the highest paid and those who are the lowest paid," William Tierney, professor and co-director of the Pullias Center for Higher Education at the University of Southern California, told The Washington Post. His intention was for the institution to be home to exceptional individualsmen and women with imagination and extraordinary dedication capable of working at the cutting edge of their fields. 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. 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. The wage ranges listed below are broad since many types of positions are included in each of the grades/bands. As students find U.S. colleges increasingly unaffordable, university presidents' salaries at public and private schools continue to grow at a rapid pace. The renovation came after, Quinnipiac paid interior construction and furniture company Strategic Spaces $743,257 in 2019. This year, The Chronicle changed its methodology to . Salovey and Lahy were among a group of 58 presidents earning more than $1 million in 2015. Out of the 10 projects above, eight listed FIP Construction as a primary contractor, as well as the three residence halls. Box 208229, New Haven, CT 06520-8229, President Peter Salovey addresses the Yale College Class of 2026, Yales new commitments to mitigating climate change. With her colleague, Jim Finkelstein, she has analyzed approximately 250 presidential contracts. "They may include an entertainment allowance, a travel allowance, tuition support for family members, or even spousal pay.". Peter Salovey is the twenty-third president of Yale University and the Chris Argyris Professor of Psychology. Swensens compensation consisted of a salary and bonus as well as benefits and deferred compensation. Catherine Avalone/Catherine Avalone/New Haven Register. Top editors give you the stories you want delivered right to your inbox each weekday. 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 estimated additional pay is $107,942 per year. 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 amount included her base compensation of $780,000, her bonus and incentive compensation of $170,000, her retirement and other deferred compensation of $25,000, her nontaxable benefits of $21,180 and her other reportable compensation of $27,561. including his $1,012,707 base salary. Based on the current Yale University-Local 35, FUE, Unite Here contract, the hourly rates in effect as of January 22, 2023 are posted below. Laheys base pay is the ninth highest among private college presidents. He earned the rest in bonuses, other pay, and nontaxable benefits, which together accounted for 56% of his total compensation that year. Olian made $524,436 during her first six months (July to December 2018) as Quinnipiac president. 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. 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 top ten most highly compensated individuals are all men. Dr. Holloway was provost of Northwestern University from 2017 to 2020 and a member of the faculty of Yale University from 1999 to 2017. 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). 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. Access your favorite topics in a personalized feed while you're on the go. CT proposal causes confusion, concern. The study was based on data from the 2015 calendar year and found the average pay for private college presidents who served a full year in 2015 was $569,932, according to a release from The Chronicle. He chooses to be at Yale because he loves the institution, and thats a very special relationship. Today's episode is with DanRam. 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. 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. 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 . According to the companys website, it. Here are the highest-paid university presidents from private and public colleges in the US: 15. 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. 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. 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. renovation at North Haven campus: $150,000, offices in the Arnold Bernhard Library: $110,000, Ceiling, flooring and brick pavers replacement, for the three modular office trailers: $50,000. 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. All rights reserved, 3 Prospect Street, New Haven, CT 06511 | P.O. . 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. Yale University's president promised to prioritize diversity while filling six high-ranking positions in the administration, according to student newspaper Yale Daily News. An annual report by the Chronicle of Higher Education in December 2017 provides data on the executive compensation at private colleges. Posted 02/28/23. He was making 50 times the average faculty member. to develop the 10-year master plan, also received $425,786 from the university in the same year. Visit Business Insider's homepage for more stories. By clicking Sign up, you agree to receive marketing emails from Insider 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. Four of the 22 employees whose compensations were disclosed by Yale work for the investments office. However, after going through building permits issued by Hamden and North Haven, the following were some of the major construction projects that happened in 2019 besides the three residence halls. Part of HuffPost News. In New Haven, Yale President Peter Salovey earned $1.16 million in total pay during the 2015 calendar year. According to The Chronicles release, their study is based on latest available Form 990 tax filings of the 500 private and nonprofit colleges with the largest endowments. The Universitys compensation structure consists of many salary grades and bands. For the academic year 2021-2022, at Yale University, The Professor salary is increased by 4.08 % from $240,374 to $250,192 over 606 Professors. The number of presidents earning over $1 million is unusually high in 2015. Biography. 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.". The office is also responsible for overseeing the academic calendar, annual reports, and registration of non-undergraduate . Should professors be worried? The highest-paid university president in the ranking is the former president of Bryant University, Ronald K. Machtley. 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. Austin Ligon is an Angel/Seed stage private investor at Tewada Capital; he is an investor and Board Member at Redfin, Inc. and Rev.com Previously, Austin was the Co-Founder, President and Chief Executive Officer at CarMax, the nation's largest retailer of used cars, from its creation in 1991 until his retirement in 2006. Swensen has led the investments office Yale since 1985, and is credited for devising the Yale Model of asset allocation that has produced about $35 billion in investment gains since he assumed his role. 285 Yale University salary data. Yale University Dislikes. $524,436 during her first six months (July to December 2018) as Quinnipiac president. The year before (2015), Yale reported $5.5 billion in revenue and $3.3 billion in expenses (not including $259 million in depreciation). QU grad accused of murder what is postpartum psychosis? Bryant University President Ronald Machtley topped the list, making roughly $6.2 million in 2017. Richard C. Levin, Yale University, New Haven, Conn. Total compensation: $1,375,365. $66,573. Yale also provided housing allowances or residences for personal use, personal services (i.e. Besides construction and architectural projects, law firms Duffy Law and Wiggin & Dana received $500,000 and $440,938, respectively. With an earnings of $4 million, Wake Forest University President, Nathan O. Hatch was the highest-paid private university head in the United States, according to a new survey of executive compensation at private universities by the Chronicle of Higher Education. as well as other partner offers and accept our, Stan Godlewski/The Washington Post via Getty Images, Sharon Pulwer/The Washington Post via Getty Images, Ronen Tivony/Pacific Press/LightRocket via Getty Images, Ian McVea/Fort Worth Star-Telegram/Tribune News Service via Getty Images, Neilson Barnard/Getty Images for the New York Times, Lane Turner/The Boston Globe via Getty Images. Executive Compensation at the Alliance Defending Freedom(2020). 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. Total Employed Graduates. A sector-by-sector look at changes in average annual pay for workers in noninstructional jobs from 2012-13 to 2020-21. . Quinnipiac spent a total of $53.4 million in the category. 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. Hamden PZC approves South Quad project after three months of public hearings, 10% of students respond to Inclusive Excellence Survey, over 45% say campus is not diverse, Quinnipiac agrees to $2.5 million settlement in COVID tuition refund case, The Student News Site of Quinnipiac University, Your email address will not be published. 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. Saloveys compensation included $948,084 in base pay, $53,741 in nontaxable pay and $155,663 in other pay. Under her leadership, enrollment more than tripled between 2000 and 2021, and the university's endowment grew to $290 million in 2022 from less than $1 million in 2000. Postgraduate Year. President Peter Salovey will make six appointments to high-level positions currently being held by interim or retiring faculty by the end of the spring 2023 semester, the . Heres what you need to know. Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. Feature Image: Leon Bennett / Stringer / Getty Images Entertainment. Daniels has been at the helm of Johns Hopkins University for the last 12 years and recently had his contract extended to stay on as president until 2029. Dr. Tessier-Lavigne was born in Trenton, Ontario, Canada. Other New England presidents on the list include Robert A. He was student body president from May 2019 to September 2020. Centerbrooks worked on the Learning Commons offices and On the Rocks pub on York Hill. The University of Chicago's Robert Zimmer was the highest paid president on the new list, earning $3,358,723. An informational website that covers food, innovative products, books, culture, education, travel, and life experiences. 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. Johns Hopkins University's Ronald J. Daniels made $1,734,651 in 2017. Pioneering neuroscientist, biotechnology executive and academic leader Marc Tessier-Lavigne became Stanford University's eleventh president on September 1, 2016. Some haulers caught, Arming guidance counselors? 593 Yale University jobs available on Indeed.com. 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. The Office of the Secretary and Vice President for University Life processes all university diplomas and letters of introduction , and manages the awarding of prizes (departmental, academic, college, and athletic). 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. His compensation has fluctuated greatly throughout his time at the university, reaching an all-time high of $4 million in 2016. Grade S2 . Gerken, the Sol & Lillian Goldman Professor of Law, became Dean in 2017 and is the first woman to serve in this role.