People often joke about the low compensation in academia but many individuals working for non-profit educational institutions (i.e. colleges and universities) receive very high compensation packages. Although the most highly compensated tend to be investment managers for the endowment, presidents, provosts, department chairs, professors, and fundraisers, the overall average compensation package is often nothing to make light of.
At Columbia University (Columbia) – a private, Ivy-League educational and research university on the Upper West Side in New York City (although there are six campuses, five in New York and one in Paris), 34,437 employees were compensated $2.6 billion (or an average of $76,000 each) in the school year beginning July 1, 2015 and ending June 30, 2016. 4,928 individuals received more than $100,000 in total compensation. Read more