糖心Vlog

Birmingham sends Eastwood off with 拢190K bonus as v-c pay rises

Average leader鈥檚 remuneration stood at 拢308,000 last year, according to analysis of 118 university accounts

Published on
January 16, 2023
Last updated
January 19, 2023
Source: iStock

The earnings gap between UK vice-chancellors and their employees is growing, according to data on more than 100 institutions that reveal a bumper pay-off for former University of Birmingham vice-chancellor Sir David Eastwood.

A 糖心Vlog analysis of the financial statements of 118 higher education providers published to date puts the median vice-chancellor鈥檚 pay package at 拢308,000 in 2021-22 鈥 a 2 per cent increase from 拢301,000 the year before.

This included a median base salary 鈥 used to stop figures being skewed by particularly small or large wages 鈥 of 拢257,500, which typically comes alongside other benefits such as housing and pensions.

The average pay package for vice-chancellors was seven and half times larger than the median pay for all other employees, up from 7.2 the year before and as high as 15 at Imperial College London.

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Alice Gast, who stepped down as Imperial鈥檚 president in July, topped the table for both total remuneration and pay rise, with her 拢714,000 package up 28 per cent on 2020-21. Much of the increase reflected a change in the tax treatment of Professor Gast鈥檚 on-campus accommodation at Imperial.

Birmingham, meanwhile, spent 拢601,000 on former vice-chancellor Sir David (拢372,000) and current leader Adam Tickell (拢229,000) in 2021-22.

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The bumper payout includes 拢120,000 for Sir David as part of a long-term incentive plan and a further 拢70,000 performance-related award.

Birmingham said that Sir David had a 鈥渓ong-term incentive plan鈥, with rewards 鈥渃ontingent on the vice-chancellor meeting specific objectives in each of the years of the term and still being in post at the end of the term鈥. 鈥淣o long-term incentive plan is in place for the current vice-chancellor,鈥 it added.

Other top-earning vice-chancellors included Dame Louise Richardson, in her final year at the University of Oxford (拢542,000, up 18 per cent), and Baroness Shafik at the London School of Economics (拢539,000, up 11 per cent).

RankAll institutionsTotal remuneration, 2021-22 (拢)Basic salary, 2021-22 (拢)

Of the 21 Russell Group universities to have published their accounts so far, the median package rose from 拢375,000 to 拢382,000 in 2021-22.

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Vice-chancellors outside the mission group averaged 拢303,000, up from 拢286,000 year-on-year.

High earners included Bob Cryan at the University of Huddersfield (拢408,000) and Peter John at the University of West London (拢407,000).

RankNon-Russell Group institutionsTotal remuneration, 2021-22 (拢)Basic salary, 2021-22 (拢)

Jo Grady, general secretary of the University and College Union, said there was 鈥渘o justification whatsoever for a vice-chancellor to earn almost eight times more than the staff who teach, research and support students鈥.

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鈥淭his widening gulf is yet further proof that those who lead the sector have their priorities wrong,鈥 she said.

patrick.jack@timeshighereducation.com

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Reader's comments (3)

And they wonder why staff are on strike year after year.
Golden goodbye, or a golden f'off to get rid before he did any more damage? My University did that to get rid of one VC.
You mention analysis of 118 university accounts but we can only see top 10s. Where can the whole dataset be seen?

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