Base salaries for CEOs of the nation's more than 1,100 community colleges increased a modest 4.1-6.2% over the last six years (2006-2012), according to a new study released today by the American Association of Community Colleges (AACC).
The increase varied according to the type of institution where the CEO served, with single-campus colleges posting the greater increase, followed by leaders at multicampus colleges, then by CEOs of individual colleges of multicollege districts. Median salary across all respondents was $167,000, and mean base salary was $173,983. The 37-question survey on which the study is based had a response rate of 39%.
A secondary finding from the study, Compensation and Benefits of Community College CEOs: 2012, relates to anticipated CEO turnover at the colleges and has potentially greater and more long-lasting impact for leaders of higher education's largest sector. Almost 75% of respondents indicate they plan to retire within the next decade, and an additional 15% say they will leave their jobs in the next 11-15 years, according to the study.