Presidents at 42 private colleges make more than $1 million, Chronicle of Higher Education finds

A report by the Chronicle of Higher Education sheds light on the growing salaries of private college presidents. Photo by Flickr user John Walker.

The number of college presidents at private colleges making more than $1 million dollars rose from 2010 to 2011, according to a report released Sunday by The Chronicle of Higher Education. The report used federal tax information from 2011, the most recent data available, to track the compensation of presidents at the 500 private colleges with the largest endowments.

In 2011, 42 presidents earned more than $1 million, up from 36 in 2010.
The University of Chicago’s Robert J. Zimmer was the top paid college president making $3,358,723 in total compensation, $919, 333 in base pay. The lowest private college compensation was $0, which was the pay of several college presidents at religious based institutions.

View the full report on The Chronicle of Higher Education website and the conversation college president pay on Twitter using the #collegeprespay

H/T Bridget Shirvell