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Ever wonder why college tuition is so high?

By Lawrence B. Ebert, Esq.

The 14 April 2008 issue of the Bridgewater Courier-News had a story on "higher education salaries" which included the text:

McCormick earns a $525,000 salary, while Rutgers' football coach Greg Schiano pulls in a base salary of $450,000. Two other university employees earn at least $300,000 a year, according to the most recent data available. They are Executive Vice President for Academic Affairs Philip Furmanski and business school Dean Michael Cooper. Senior Vice President Jeffrey Apfel was making $385,840 when he left last year to work at a law firm in Boston.

Various entities have reported that Schiano is the highest paid state employee in New Jersey. Note the Courier-News referenced a "base" salary, and thereby left open the possibility that Schiano might actually be receiving more money. The Courier-News did not pursue that avenue in the April 14 story.

A story in the Free Press in December 2007 had previously noted:

Schiano?s pedigree fits many of the criteria Martin has outlined for Lloyd Carr?s successor. Schiano has significant experience as a head coach ? he?s in his seventh season at Rutgers. He is familiar with a high-profile football atmosphere ? he was defensive coordinator at Miami (Fla.) in 1999-2000. He has Midwest recruiting ties ? he was a Penn State assistant in 1990-95. And he has youth on his side ? Martin ideally wants a coach who could stay on the job 10 to 15 years.

Also, Schiano?s salary ($1.73 million) is only slightly more than Carr?s $1.5 million. Martin has said U-M is prepared to pay twice that. The country?s highest-paid coaches make $3 million to $4 million annually.

[If one looks on the internet for reports on Schiano's salary, one will find that a lot of them have been sikahema'd.]

The Courier-News also noted: Rutgers University President Richard L. McCormick is one of 77 Rutgers University employees making at least $200,000 a year, according to salary figures released today.

HigherEdJobs reported results of the 2007-08 Administrative Compensation Survey conducted by The College and University Professional Association for Human Resources (CUPA-HR). Findings reflect salaries of nearly 73,600 job incumbents from public and private institutions nationwide. Salaries were reported by 1,307 institutions for 272 selected positions, mostly at the director level and above. The MEDIAN salary for the CEO of a Ph.D. granting system was $402,789.

See also

http://ipbiz.blogspot.com/2006/08/sikahema-blasts-money-for-rutgers.html

http://ipbiz.blogspot.com/2006/11/high-pay-for-public-university.html

Full post as published by IPBiz on April 17, 2008 (boomark / email).