Executive Compensation at Vanderbilt University
Vanderbilt University is one of the top private universities in the South and in the USA. At nearly $70,000 a year for tuition, room, and board, Vanderbilt’s fees are right in line with other top private colleges and, yet people still wonder why a 4-year education at Vanderbilt costs nearly $300,000?
The answer: tuition dollars are supporting a huge education machine where, in the case of Vanderbilt, nearly half of the total expenses ($640 million out of $1.4 billion in expenses, not including depreciation) are compensation-related costs for the 37,165 employees in 2016 (an average of $17,000 per employee – compare this to $75,000 at Yale, $68,000 at Penn and $64,000 at Princeton) although the prior year, it is interesting to note, $2.3 billion was used to compensate 36,272 individuals, which equates to an average of $64,000 – more in line with the industry averages above. The IRS Form 990 offers no explanation explaining this discrepancy. Read more 
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