Compensation for UF President May Top $1 Million

Gator88NE
Thu, 10 Jul 2014 19:57:42 +0000

The following article goes into some details around how they came up with this number.



To get the interest of the best presidential candidates in today’s competitive market, the University of Florida would have to offer a total compensation package of $950,000 to $1.25 million, a consultant told members of a search subcommittee Monday.





The institutions were also chosen for their similarities to UF in budget, student population, faculty and staff size, and research dollars. UF has a $4.4 billion operating budget with 41,000 employees and about 50,000 students. It has a research budget close to $700 million.

Pollack noted that three of the public schools — Ohio State, Penn State and Michigan — had all hired new presidents this year, giving the most up-to-date compensation data available. Both OSU and Penn State offered compensation packages above $1.2 million, while Michigan offered its new president $900,000.