Yesterday, my colleague Rod Clifton reported here on the differences in salaries of full professors, college presidents, and university presidents and showed the increases in average salaries between 2001 and 2009. However, there is another way of looking at these changes over the 8 years that may make readers take notice.
In 2001, the average full professor collected $102,896, which increased by 2009 to $146,890, while the average college presidents went from $167,214 to $272,373, and the average university presidents went from $214,563 to $353,617.
In other words, on average, full professors increased their salary by 42.8%; on average, college presidents increased their salary by 62.9%; and, on average, university presidents increased their salary by 64.8%. These are substantial increases!
How much do you think the consumer price index increased between 2001 and 2009? The answer is 17.82%.
Moreover, in 2001, there were 93 vice-presidents in universities in Ontario, and the number mushroomed to 193 by 2009, which represents a 108 per cent increase over the 8 years.
Canadians, whose money pays these salaries, should ask what they’re getting for it?
