Posts Tagged “Salaries”
On May 13, the University submitted its tax filings for fiscal year 2010 (July 1, 2009 – June 30, 2010). These forms detail Georgetown’s income, expenditures, and assets, as well as list the highest-paid University officials.
Graphics by John Flanagan (Click to enlarge)
The University faced a $21,493,687 deficit in its operating budget in fiscal year 2010. Meanwhile, the endowment grew by 12.5 percent to $1,007,299,044 (95 percent of its value as of July 1, 2008).
John Thompson III remained the highest-paid employee at $1,894,988, a 3.57 percent raise from the previous year. This increase in his and 7 of the other 15 highest salaries during fiscal year 2010 outpaced the 2.5 percent increase University President John DeGioia recommended for regular faculty members in January 2010.
DeGioia’s own salary increased by 0.03 percent, while the salaries of Thomas Aleinikoff, former dean of the law school, and Provost James O’Donnell fell by 6.75 percent and 0.84 percent, respectively.
Other top salaries after the jump.
Read the rest of this entry »
17 Comments »
Earlier this week, the Washington Examiner‘s Emily Babay reported that Georgetown paid President John DeGioia $911,613 in 2008.
DeGioia’s salary, which included a $150,000 retirement annuity and an allocation for University-provided housing, marks a 40 percent increase over the previous year when he received $642,582.
Babay’s story got us thinking—how much do other University employees take home? According to tax forms filed by the University, it was plenty.
In 2008, John Thompson III made $1,829,757, which made him the University’s highest-paid employee. However, Thompson’s salary was a far cry from the $2,007,508 he was paid in the 2008 fiscal year. (In previous tax filings, compensation was based on fiscal year.)
SFS-Qatar Dean James Reardon-Anderson, who more recently took over “Map of the Modern World,” pulled in $676,025, while Provost James O’Donnell brought home $394,509.
And the three men tasked with building Georgetown’s endowment—Chief Investment Officer Lawrence Kochard ($702,158), Chief Financial Officer Christopher Augostini ($458,497), and Office of Advancement Vice President James Langley ($452,895)—all made the list too.
But, don’t expect salaries to continue to rise in 2010. Last January, DeGioia announced a salary freeze for all senior executives.
Want to know who else is making tons of cash at Georgetown? We’ve got the run-down after the jump.
Read the rest of this entry »
16 Comments »
A study by the American Association of University Professors found that colleges and universities across the country gave faculty the lowest pay raises in the 50 years since the study began, and Georgetown University is no exception. At Georgetown, full professors’ pay declined by .1 percent, associate professors were given pay raises of .5 percent, and assistant professors’ pay rose by 1.1 percent.
Meanwhile, the rate of inflation at 2.7 percent, and average pay increases at American institutions for a full professor was 1.2 percent. Most other D.C. schools were stingy, but at George Washington University, faculty pay rose by 5.1 percent.
According to the study, Georgetown professors still took home an average salary of $155,500 (and average compensation was $191,700) last year. Associate professors averaged a salary of $100,700, and assistant professors averaged $83,600.
Interestingly, the study provided a gendered breakdown of faculty pay which revealed that in all categories, male faculty out-earned female faculty. Male professors, associate professors, and assistant professors earned average salaries of $157,200, $103,300, and $89,800, respectively, and female professors, associate professors, and assistant professors earned average salaries of $149,800, $96,800, and $76,400, respectively. Percent changes in pay by gender were not available.
Georgetown had originally planned to increase faculty pay to 2.25 percent above the rate of inflation for 2009, a goal which President John DeGioia announced the University had scrapped last January. He announced salary freezes for himself and other senior faculty in the same speech.
Via College, Inc.
1 Comment »
Not many of our celebrity bracketeers are confident that Georgetown will make it to the NCAA championship game. But change the rules of the game, and the Hoyas can take on almost anyone in the tournament—at least as far as alumni salaries go.
In its annual celebration of March Madness, PayScale.com ranks the teams in the NCAA tournament by the median annual salary of alumni who are five to 15 years out of college. This year, with alumni making $95,100 a year, Georgetown breaks the “Fat Wallet Four” and beats out Vanderbilt—$85,800—to take on Duke, with $104,000, in the ‘championship game.’
That’s better than we did in 2008, when we lost to Notre Dame $99,100 to $92,500 in the Fat Wallet Four. Let’s not talk about 2009.
Georgetown probably does consistently well in the battle of the bucks because PayScale counts the salaries of alumni from graduate, medical, law, and other schools incorporate with a University besides its undergraduate students. The data don’t reflect the self-employed or unemployed, either—but this still made us feel pretty good about the degree we’re getting.
Via Casual Hoya.
No Comments »
The Chronicle of Higher Education recently released its database of executive compensation at colleges and universities for the 2007-08 school year and Georgetown’s own John DeGioia isn’t doing too poorly for himself.
With a total compensation of $642,582 (that’s $607,939 in pay and 34,643 in benefits), DeGioia was the 63rd highest paid private university president in the country in 2007-08, according to the Chronicle‘s data. That salary was a $50,965 upgrade from what he received during the 2006-07 school year.
But DeGioia was outdone in the District by the president of American University, Cornelius Kerwin, who was the fifth highest paid private university president with $1,419,339 in total compensation. The real record-holder, though, was George Washington University’s former president, Stephen J. Trachtenberg. With a total compensation of $3.7 million, Trachtenberg was the high paid current or former university president by a margin of $2 million.
Photo by Lexie Herman.
5 Comments »
The Georgetown Solidarity Committee just released an open letter to University President John DeGioia demanding better treatment of and higher salaries for Department of Public Safety officers.
The letter says that the recent hate crimes have revealed “a pervasive, historically rooted, and dangerous climate on campus” which is due in large part to “neglecting the well-being” of DPS officers.
The letter says that the DPS officers are paid roughly three dollars less than other campus security officers at other D.C. schools and the department is consequently habitually understaffed. Solidarity is insisting on a four dollar raise over the next three years for current officers and “a fair staffing policy.”
According to the letter:
DPS Officers are the lowest-paid police in Washington, D.C. … SafeRides, escort services, and other safety systems are frequently understaffed and unable to provide sufficient services. These issues hinder the retention of employees and undervalue long-term officers with the experiential knowledge of Georgetown, which is essential to the trust needed between DPS and the community. This “revolving door” leaves the Georgetown community vulnerable to future incident …
Even in hard economic times, we must not compromise the respect, security and well-being of those charged with keeping us safe.
3 Comments »
PayScale.com recently released the results of their survey of which college’s graduates earn the highest median starting and mid-career salaries, and Georgetown’s not doing too bad. We have the 34th highest median starting salary and the 19th highest mid-career salary (defined as at least 10 years into their career or field).
Georgetown’s showing is particularly impressive given a couple quirks about the survey. First of all, it only takes into account graduates whose highest degree is a bachelor’s, eliminating doctors, lawyers, et cetra. Also, Georgetown only offers degrees in three of the 10 top-paying majors.
3 Comments »
The two million dollar man
How much does a Final Four basketball coach cost? About $2 million, if the coach is John Thompson III.
In the 2007-2008 school year, Thompson made $2,007,508, plus more than $1 million in deferred compensation and benefits, according to university tax documents obtained by Vox. Thompson’s salary rose by more than $1.3 million from the previous year, making him the highest paid Georgetown employee.
During the 2007-08 year, we also paid $3,074,487 to Payette Associates Inc., a firm whose website says they have been working on the “Science Facilities Master Plan and new Science Center” and $489,234 to Goody Clancy and Associates, the firm that worked on the new MSB building. Overall, Georgetown’s net assets decreased by $55,772,042.
Who else besides JT III is making bank at Georgetown? Check out the top earners and the full tax document after the jump!
Read the rest of this entry »
9 Comments »