Education institutions have a lot to for the transformation of a life of its students. In the last decade, there have been massive alterations in terms of expanding academics, athletics and student services creating near-empires of learning. Since the education institutions have taken a leap, so is the paycheck of the university presidents.
Since they are responsible for the overall growth of their institution they need to have some hefty amount in their pocket as well. Here we have enlisted the top ten university presidents who have got the highest payment during their tenure. Check it out!
Given below are the top 10 Highest Paid & Most Successful University Presidents in 2017-2018
10. Richard C. Levin (Yale University) – $1,369,856:
Richard Charles Levin served the Yale University as president from 1993 to 2013. He is an economist and an influential academic administrator. After serving the Yale University, he became Chief Executive Officer of Coursera. It’s been reported that during his tenure Yale’s endowment grew from $3.2 billion to over $20 billion which is a record in itself. During his period the overall progress of Yale University elevated manifolds and from a lull admissions standards and academic prestige it shoots up to become one prestigious one. He is undoubtedly considered as one of the most significant people for making the Yale University shine.
9. Marc Tessier-Lavigne (Rockefeller University) – $1,381,341:
Born on 18th December 1959, Marc Tessier-Lavigne at present is the 11th president of Stanford University. Before serving for the Stanford university he served the Rockefeller University in the New York City. He holds the privilege of being the first industry executive to assume the Rockefeller presidency. He is also a member of the Cure Alzheimer’s Fund’s Scientific Advisory Board and was the former executive vice president for research and the Chief Scientific Officer at Genentech. with $1,381,341 he gets ranked in number 8th of the top ten highest paid university presidents.
8. John E. Sexton (New York University) – $1,404,484:
Born on 29th September 1924, John E. Sexton was the fifteenth President of New York University who served it from 2002 to 2015. He is an American lawyer and academic. Before becoming the university president he also served as the Dean of NYU School of Law from 1988 to 2002. During his time as a dean, the NYU became one of the top five law schools in the country according to U.S. News and World Report which is one accolade for John E. Sexton. He was also the Chairman of the Board of the Federal Reserve Bank of New York until the year 2007. Apart from these, he served as chair of the Federal Reserve System’s Council of Chairs as well in the year 2006.
7. David W. Leebron (Rice University) – $1,522,502:
David W. Leebron holds the privilege of being the seventh president of Rice University since 1st July 2004. Before serving as the university president he served as a professor and dean of Columbia Law School. Born on 1955 and brought up by the parents Mr. and Mrs. Norman D. Leebron in Philadelphia, he managed to become the first Jewish president of Rice University. He has developed his interest in international affairs after getting influenced by a steady stream of exchange students in his house—from Europe, Japan, and Mexico. He later travelled to Germany as an exchange student himself and this is the reason why he is a fluent German speaker. He received Bachelors, summa cum laude, in History and Science from Harvard College in 1976.
6. Susan Hockfield (Massachusetts Institute of Technology) – $1,679,097:
Born on 24th March 1951, Susan Hockfield was the university president of Massachusetts Institute of Technology from December 2004 through June 2012. She was the 16th president of the University. Susan is an American neuroscientist who succeeded Charles M. Vest and was succeeded by L. Rafael Reif, who had served in her administration as Provost. She also holds the privilege of being the first biologist and the first woman to serve as the Institute’s president. Apart from being the university president Hockfield, Professor of Neuroscience in MIT’s Department of Brain and Cognitive Sciences is also a member of the Koch Institute for Integrative Cancer Research and is a director of General Electric and of Qualcomm.
5. Charles R. Middleton (Roosevelt University) – $1,762,956:
Charles R. Middleton is the University president of Roosevelt University since 2002 and earns around $1,762,956 making him rank 5th in the top ten list. Being a member of prestigious societies like the Royal Historical Society, the American Historical Association and the North American Conference on British Studies he is one influential university president. He got his bachelor’s degree from Florida State University and his Master’s degree and Doctorate from the Duke University. Before serving as a university president she also served the University System of Maryland, Provost as a Vice Chancellor. Also worked as the Vice President of Academic Affairs at Bowling Green State University, and Dean of the College of Arts and Sciences at the University of Colorado at Boulder.
4. Amy Gutmann (University of Pennsylvania) – $2,473,952:
Born on 19th November 1949, Amy Gutmann is the eighth president of the University of Pennsylvania when Christopher H. Browne distinguished Professor of Political Science at the School of Arts and Sciences and professor of communication at the Annenberg School for Communication, with secondary faculty appointments in philosophy in the School of Arts and Sciences and the Graduate School of Education. She has taught at Princeton University from 1976 to 2004 and is an award-winning political theorist. She is been paid $2,473,952 which makes her get ranked number 4 in the list.
3. Lee C. Bollinger (Columbia University) – $3,389,917:
Born on 30th April 1946, Lee Carroll Bollinger was the 19th president of Columbia University. He is an American lawyer and educator. He was the president of the University of Michigan before serving the Columbia University. He is also a noted legal scholar of the First Amendment and freedom of speech. Lee C. Bollinger was appointed as the Chair of the Federal Reserve Bank of New York board of directors for the year 2011. He has also served as Deputy chair for the same previously. As a university president, Bollinger was at the center of two notable United States Supreme Court cases regarding the use of affirmative action in admissions processes.
2. John L. Lahey (Quinnipiac University) – $3,759,076:
John L. Lahey has been the university president of Quinnipiac University since 1987 and is paid $3,759,076. He was raised in the Riverdale section of the Bronx in New York City. At New York City he got his Ph.D. in Philosophy from the University of Miami. He received his bachelor’s and master’s degrees in Philosophy from the University of Dayton and a second master’s degree in Higher Education Administration from Columbia University. John L. Lahey also served the Marist College as Executive Vice President where he was the Chief Operating Officer.
For the Quinnipiac University, John initiated a strategic planning process, leading to the University’s unprecedented growth over the past two decades in enrollment, academic programs, reputation and physical plant which was a great initiation done by any president. John Lahey has announced his retirement at the end of the 2017-18 fiscal year at Quinnipiac University which made him served the university for 31 years and 3 months.
1. Shirley Ann Jackson (Rensselaer Polytechnic Institute) – $7,143,312:
Born on 5th August 1946, Shirley Ann Jackson was the university president of Rensselaer Polytechnic Institute and was paid $7,143,312 which is one hefty amount to be given to a university president. She is an American physicist, and was honored as the eighteenth president of Rensselaer Polytechnic Institute.in the year 1973 she received her Ph.D. in nuclear physics at the Massachusetts Institute of Technology and thus holds the privilege of becoming the first African-American woman to earn a doctorate at MIT. She is also the second African-American woman in the United States to earn a doctorate in physics which is a privilege in itself.
Although many university presidents come and go but these have really made a significant effect to make their institutions proud and shine like a star. With an effective and dedicated work, they got a hefty payment and thus made them the top notch university presidents.