UK university leaders’ average pay package increased by 5 per cent last year, according to new analysis.
According to the accounts of 115 institutions that have been published to date and were examined by Times Higher Education, the average vice-chancellor’s total remuneration stood at £325,000 in 2022-23, a 5 per cent rise across the sample compared with a year before.
A vice-chancellor’s total remuneration typically includes benefits such as housing and pensions, along with a median salary of £272,000 in 2022-23 – up by 6 per cent year-on-year.
This puts the average rise among leaders broadly in line with the rise of between 5 per cent and 8 per cent handed to rank-and-file staff. But it comes amid growing financial strife across the sector, with some providers set to cut millions of pounds from their budgets and others announcing voluntary redundancy schemes.
The 115 universities spent a total of £38.7 million on remunerating their vice-chancellors during 2022-23.
