Pay at the University of Michigan, University Of Michigan Salaries
University Of Michigan Salaries, The salaries at the University of Michigan are higher than those at many other schools but lower than those at the best private schools. The average salary for a professor at U-M is $113,587, the same as at Ohio State and the University of Illinois at Urbana-Champaign but less than the average salary at Northwestern, which is $142,000.
President Mark Ono ( University Of Michigan Salaries )
Santa Ono, the president, and vice-chancellor of the University of British Columbia, has been chosen as the new president of the University of Michigan by the Board of Regents. On October 13, he will start his five-year term.
University Of Michigan Salaries, Ono is the first Asian American to be a leader at U-M. She has been a leader in making college affordable and fighting climate change. His appointment comes at a challenging time for universities during culture wars and arguments about how much college should cost.
A nationwide search that began in February led to the choice. The committee that helped find the new president met with students, faculty, and people from the community 30 times. There were also seven online listening sessions.
Athletic Director Warde Manuel
Manuel, who is 52 years old, is almost done with his sixth year as head of the university’s sports department. He has hired new coaches for men’s ice hockey and men’s basketball, helped get football coach Jim Harbaugh a new contract, and dealt with a global pandemic that has hurt one of the biggest college athletic departments in the country.
Manuel was one of four new people added to Tuesday’s College Football Playoff committee. He joins Chet Gladchuk, in charge of sports at the University of Southern California, and Boo Corrigan, who is in order of sports at North Carolina State.
Executive Vice President Marshal Runge
In 2020, Executive Vice President Marshal Runge will make the most money at the University of Michigan. His base salary will be $871,250. That’s almost $231,400 more than what Doug Strong made before him.
Even though he’s the highest-paid staff member, salary numbers don’t consider bonuses and other perks that some employees get on top of their base pay. This includes extras like money for college, more money put into a retirement plan, money for expenses, and a car and driver.
Some best-paid UM workers are executives or officers focusing on the university’s finances and investments. In this group are Paul Castillo, the chief financial officer; Erik Lundberg, the chief investment officer for the system; and Anthony Denton, the chief operating officer for Michigan Medicine.
Chief Investment Officer Erik Lundberg
Lundberg’s pay depends on how well Michigan’s endowment does compare to other schools of the same size. According to U-records, M’s half of his pay is based on how well the endowment has done over the past three years and how it compares to more than 100 peer schools.
After a lawsuit from the Detroit Free Press, the university said what they were doing with pay. Under Michigan’s public records law, a state judge told documents to be given to the public.
Since getting the job, Lundberg has been in charge of one of the best investment offices in the country at the University of Michigan. He has won the Institutional Investor Magazine Award for Excellence in Endowment Management, and Chief Investment Officer Magazine has named him one of the best CIOs in the world.
Chief Financial Officer Geoffrey Chatas
In October 2021, Chatas started working at U-M as one of three executive vice presidents who reported to the president. He is the president’s top financial adviser for 45 business and money-related groups.
Because the University of Michigan has a lot of money, it can keep tuition from increasing and give a lot of money to high-achieving students. It also keeps the university’s focus on teaching, research, and patient care.
Chatas was senior vice president for business and finance at The Ohio State University before. He oversaw a $6 billion budget and more than 2,000 employees. He devised new ways to handle money and helped the university form a successful partnership with the private sector on energy assets. He oversaw Ohio’s Task Force on Making Higher Education Affordable and Effective.