As an expert in the field of higher education administration, I can provide a comprehensive answer to the question of how much money a university president makes. The salary of a university president can vary significantly based on a multitude of factors, including the type of institution, its location, the president's experience, and the size and financial health of the university.

Type of Institution: Public and private universities often have different funding models, which can influence the president's salary. Public universities, funded in part by government allocations, may have more restrictions on executive compensation. On the other hand, private universities, which rely more on tuition, endowments, and private donations, may offer higher compensation packages.

Location: The geographic location of the university can also affect the president's salary. Universities in areas with a higher cost of living, such as major metropolitan areas, often pay their presidents more to account for the increased living expenses.

President's Experience: The president's qualifications, experience, and track record can greatly influence their salary. Those with a proven history of successful leadership and fundraising may command higher salaries.

Size and Financial Health: Larger universities or those with a strong financial standing may be able to offer more competitive salaries to attract top-tier leadership.

According to the data provided, in 2013, 32 private university presidents earned $1 million or more in compensation. This figure underscores the fact that the highest-paid university presidents are often found in the private sector. Additionally, the average salary for a public college president was reported to be over $428,000 in 2014, according to the Chronicle of Higher Education.

It's important to note that these figures are not static and can change over time due to various factors, including changes in university leadership, economic conditions, and shifts in higher education funding.

Compensation for university presidents is not just about the base salary. It often includes a range of benefits and perks, such as housing allowances, retirement plans, and expense accounts, which can add significantly to the total compensation package.

The role of a university president is multifaceted, involving strategic planning, fundraising, public representation, and oversight of the institution's academic and administrative operations. Given the complexity and importance of the position, the compensation is reflective of the responsibilities and the need to attract qualified candidates who can lead these institutions effectively.

In conclusion, while the salary of a university president can vary widely, the figures mentioned provide a snapshot of the potential earnings for these leaders in higher education. It's crucial to consider the broader context of each university's financial situation and the president's individual contributions when evaluating these salaries.

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In all, 32 private university presidents earned $1 million or more in compensation in 2013. And private college presidents aren't the only ones raking it in. The average public college president earned over $428,000 in 2014, reported the Chronicle.Dec 8, 2015read more >>