New Study Finds Modest Gains in CEO Compensation at Community Colleges

Tim Goral's picture
Wednesday, November 14, 2012

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.

 

Read more »