Dive Brief:
- Senior administrators' pay at public universities rose 2.5% in the latest fiscal year, slightly more than the increase at private universities, a new report finds.
- It's the first time in four years that public college administrators have outpaced private officials, who saw 2.3% salary growth.
- The overall 2.4% growth is a sizeable jump from the 1.5% rate in the previous fiscal year.
Dive Insight:
The report looked only at base pay, even as other perks become more common. For example, more than two-thirds of school presidents received a car or money for a car, the report found. Performance-based bonuses are also common.