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Million-Dollar Club Expands for Public-University Presidents

  • Seven-figure club grew to 17 leaders last year, report finds
  • University of Texas System’s McRaven led with $2.6 million
Old Main at The Pennsylvania State University.

Old Main at The Pennsylvania State University.

Photographer: Raymond Sandusky/Moment Editorial via Getty Images

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More universities are paying their presidents at least $1 million in annual compensation to try to retain top talent.

Seventeen presidents of public U.S. colleges reached that level in 2018, compared with 12 in fiscal 2016-17, according to a survey of public records by the Chronicle of Higher Education released Sunday. Median pay rose 10% to about $484,000.