Top Earners at Private US Colleges and Universities

25 February 2009 at 7:48 am 3 comments

| 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):


Entry filed under: - Klein -, Education, Institutions.

Risk, Uncertainty, and Financial Markets Case Studies and Causal Inference

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Nicolai J. Foss | home | posts
Peter G. Klein | home | posts
Richard Langlois | home | posts
Lasse B. Lien | home | posts


Former Guests | posts


Recent Posts



Our Recent Books

Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).

%d bloggers like this: