Top Earners at Private US Colleges and Universities

| Peter Klein |

Some interesting factoids in this Chronicle of Higher Ed. story on compensation at 600 private US colleges and universities (via Gary Peters):

Of the 88 employees earning more than $1 million in 2006-07, only 11 were chief executives. Most were coaches or medical school faculty.
Median salary for full professors with MDs in the clinical sciences: $238,000
Median salary for full professors in all other disciplines: $122,159
Highest-paid employee: USC football coach Pete Carroll ($4.4 million)
Second highest-paid employee: Columbia University dermatologist David Silvers ($4.3-million)
Highest-paid economist: Columbia’s Henry Levin ($302,053)
Highest-paid film-studies professor: Wesleyan’s Jeanine Basinger ($250,854)

No information given on marginal revenue products. I imagine Pete Carroll’s is at least $4.4 million. Don’t know about the rest.

See also the graphic below (click to enlarge):

3 Comments Add your own

1. Rafe Champion | 25 February 2009 at 12:33 pm

“Second highest-paid employee: Columbia University dermatologist David Silvers ($4.3-million)”

A cynical medical administrator said “Son, be a dermatologist, your patients never die and they never get better”.
2. Todd Mumford | 27 February 2009 at 12:15 am

What is interesting to me is the rate of return on the sheer amount of work involved with achieving this high of a level in academics versus the amount of earnings the average online business owner can make in one year being a C+ student :(
3. thursday afternoon links: econ and education edition « orgtheory.net | 5 March 2009 at 11:51 am

[…] 3. Over at Orgs and Markets, two posts on university salaries. This one on public schools and this one on private schools. […]