Don’t tell me HiEd is not a lucrative business (even though most universities and colleges are non-profit)!
The Chronicle’s executive-compensation package has been updated with information on private-college presidents for the 2013 calendar year. The update provides data on 558 chief executives at 497 private nonprofit colleges in the United States. The median salary for leaders in office for the full year was $436,429. Thirty-two of the presidents earned more than $1 million.
The most recent data on public-college presidents, also from 2013, include information on 238 chief executives at 220 public universities and systems in the United States. The median salary for those in office for the full year was $428,250. Two of the presidents earned more than $1 million.