Teaching college is no longer a middle-class job, and everyone should care

Re:Teaching college is no longer a middle-class job, and eve... by dustcoin on Friday June 20, 2014 @06:54PM (#7923362)

I doubt executive salaries make up a significant portion of any school's budget. Overpaid non-executive administrators are a much larger cost in aggregate, because there are so many of them.

[ Parent | on HN ]

Re:Teaching college is no longer a middle-class job, and eve... by ForHackernews on Friday June 20, 2014 @09:07PM (#7923743)

That's not quite true: https://www.jacobinmag.com/2014/06/higher-eds-for-profit-fut...

"compensation of a single person like Zimmer now approaches the reported inflation-adjusted $3 million annual operating deficit that ended a community resource benefiting both medical students and trauma patients."

[ Parent | on HN ]

Re:Teaching college is no longer a middle-class job, and eve... by dustcoin on Friday June 20, 2014 @09:42PM (#7923822)

UChicago spent $446M on academic salaries, $889M on staff salaries and $338M on benefits (not broken out into academic vs non-academic) in the the 2011-2012 fiscal year that Zimmer's compensation temporarily spiked to $3M. It is safe to say that over $1B was spent on non-academic salary and benefits (administration), which dwarfs both Zimmer's compensation and the $3M operating deficit.

http://finserv.uchicago.edu/pdf/2012FinState.pdf

[ Parent | on HN ]

Re:Teaching college is no longer a middle-class job, and eve... by ForHackernews on Friday June 20, 2014 @09:46PM (#7923834)

Yes, you're correct that Zimmer's compensation is less than the total salaries of every other person employed by the university.

I guess we can argue about the meaning of the word "significant" now.

[ Parent | on HN ]