Average vice-chancellor pay tops £340,000 amid redundancies

Analysis has revealed that average pay packages for British university bosses hit £340,000 (US$423,000) last year despite the sector making sweeping redundancies, reports Poppy Wood for The Telegraph.

The median total remuneration for vice-chancellors at 121 UK universities that have published their financial accounts to date reached £340,901 in the 2023-24 academic year. It marks an increase of around 4% from the year before and means university leaders’ pay has jumped around £40,000 since 2020-21, when the figure was £302,917, according to Times Higher Education.

In total, more than half of all UK universities are currently making redundancies or cutting courses, according to a rolling list of cuts compiled by the University and College Union (UCU).
Full report on The Telegraph site