Presidents of U.S. public colleges and universities saw their earnings climb by 5.3 percent last year, with several of them topping $1 million, according to an annual survey.
The Chronicle of Higher Education’s study of more than 150 college presidents found that their average annual pay increased in fiscal year 2016 to $501,000.
Among the top earners were eight public university presidents whose total compensation exceeded $1 million, up from five the year before, the study found. Most of them come from the nation’s largest schools and university systems.