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39 Private-College Leaders Earn More Than $1 Million

A total of 39 leaders of private colleges earned more than $1 million during the 2014 calendar year. The number of leaders with compensation above $1 million was up from 32 the year before. The average pay of private-college leaders, including those who served partial years, was $489,927 in 2014. Among presidents who served the whole year, average pay was $512,987. Leaders who served full years in both 2013 and 2014 saw a pay increase of 8.6 percent