The average pay package for a vice-chancellor at an elite Russell Group university has hit £413,000, up 6 per cent in a year.
Highest paid was former Imperial College London chief Alice Gast, whose pay, pension and benefits package for the year to July 2022 was £714,000, a 35.5 per cent rise on her previous total of £527,000.
Oxford University’s outgoing vice-chancellor, Dame Louise Richardson, was handed an 18 per cent increase last year, pushing her package to £542,000, according to analysis by The Sunday Times.
Highest paid was former Imperial College London chief Alice Gast (pictured), whose pay, pension and benefits package for the year to July 2022 was £714,000
Oxford University’s outgoing vice-chancellor, Dame Louise Richardson, was handed an 18 per cent increase last year. Pictured: Louise Richardson after being made a Dame, December 14, 2022
And Baroness Shafik, director of the London School of Economics (LSE), received £539,000 in pay and perks, up 10.9 per cent on the previous year.
Imperial College London said its remuneration is ‘designed to attract and retain the people we need to maintain our position as a world-leading institution’.
Oxford said the vice-chancellor’s pay had increased to reflect rising staff and student numbers and the fact that its income had more than doubled. The LSE said the increase ‘largely related to a return to the director’s base salary, following a 20 per cent voluntary cut during the pandemic’.
English (United States) ·