Recent reporting by the Chronicle of Higher Education revealed that more college presidents are earning more than $1 million, with pay increasing rapidly at private research institutions. With salaries on the rise, compensation packages are undergoing increased public scrutiny.
In this installment of By the Numbers, The Daily looks at the facts and figures of presidential compensation.
1 Number of presidents at private universities with salary and benefits worth $500,000 or more in the 1996 fiscal year
50 Number of presidents at private universities with salary and benefits worth $500,000 or more in the 2004 fiscal year
6.4 Percentage of private university presidents earning nothing
33.3 Percentage of private university presidents earning between $200,001 and $300,000
28.1 Percentage of private university presidents earning over $300,000
5 Number of presidents compensated $1 million or more in the 2004 fiscal year
$468,704 Median compensation of presidents at private research universities for the 2003-2004 year
$243,541 Median compensation of presidents at private liberal-arts colleges for the 2003-2004 year
$459,643 Total compensation of University President Lawrence Bacow for 2002-2003, according to the Chronicle of Higher Education
$482,556 Bacow's total compensation for 2003-2004
$475,466 Bacow's total compensation for 2004-2005
$551,646 Bacow's total compensation for 2005-2006
--by Carrie Battan
