Who says university jobs are poorly paid? The latest data reveal some surprises. Who would you guess is the highest paid university president in the US? Harvard? Stanford? Yale? 3 strikes, you are out.
Envelope please. The highest is Rensselaer Polytechnic Institute's Shirley Ann Jackson at US$1.6 million a year. Shirely who? Rensselaer? Not MIT?
Rennselaer Polytech is a respectable engineering school with a combined undergraduate and graduate student body of about 6600. MIT has a student body of 14,000. Latter is consistently ranked as number 1 science/engineering institute of higher learning in the US if not the world. It has 7 Nobel prize winners on its faculty and over 70 bombined past/present winners in its history. It has an endowment of over $11 billion before the bust. Rennselaer is ranked 31 in the latest US News report with a miniscule endowment.
MIT president's compensation at $880,000 not to mention Harvard's $690,000, Caltech's $700,000 do not even rank among the top 20.
So much for logic in the real world.
The latest news report on pay is here.