The Education Committee has today (8 Dec) published the written evidence for its inquiry into value for money in higher education.
Below is the written evidence from AoC regarding senior management pay in universities:
There has been some recent media interest in senior management pay in universities. We have no particular insight into this issue but we believe the committee may find it useful to have information on senior management pay in colleges. Like universities, colleges are self-governing, public service institutions but on a smaller scale.
AoC collects survey data from colleges. Our latest survey covering 130 colleges suggests that the median salary in 2017 is £128,000 which is a slight fall from 2016 when it was £130,000. 69% of Principals are over 50; 43% are women and 90% are white British. Salaries are higher in larger colleges and lower in smaller ones. The median salary in colleges with income above £50 million is £160,000. For colleges with income below £10 million, it is £98,000.