The presidents of Quinnipiac University and Yale University are among the 50 highest paid chief executives at private colleges and universities, according to the Chronicle of Higher Education’s annual survey.
Quinnipiac President John L. Lahey ranked 24th with a salary of $1.45 million, while Yale University’s Peter Salovey came in 40th with a salary of of $1.15 million. Those salaries were earned in the 2015 calendar year — the most recent year available from the Internal Revenue Service, according to the Chronicle.
The highest paid presidents that year were Nathan O. Hatch, who earned $4.4 million at Wake Forest University, and James W. Wagner, who earned $3.5 million at Emory University.
Other New England presidents on the list include Robert A. Brown of Boston University, who ranked seventh at $2.48 million; Drew Gilpin Faust of Harvard, who ranked 21st at $1.56 million; and Joseph E. Aoun of Northeastern University, who was 25th at $1.44 million.
The Chronicle said the average pay of private college presidents who served the full year in 2015 was $569,932, up 9 percent over 2014.
Fifty-eight of the private college presidents earned more than $1 million in 2015, up from the previous year when 39 private college presidents did so.
Lahey’s pay of $1.45 million included base pay of $1.06 million and “other pay” of $377,496, the Chronicle report said.
As part of its report, the Chronicle compared the presidents’ salaries to those at ten similar institutions. That comparison showed Lahey out ahead of his peers, with Edward Guiliano of the New York Institute of Technology in Old Westbury earning $1.24 million and Lesley M. Hallic of Pacific University earning $695,718. That list of ten peers included Steven H. Kaplan, president of the the University of New Haven, who earned $581,312.
Salovey’s pay of $1.15 million included base pay at $948,084 with “other pay” coming in at $155,663.
His pay was on the lower end of the ten institutions selected by the Chronicle as comparison schools for Yale, with Robert Zimmer of the University of Chicago topping that list at $2.86 million, followed by Lee C. Bollinger of Columbia University bringing in $2.5 million.
At the low end on that comparison list was Christopher Eisgruber, president of Princeton University, earning $938,839.