Med School Profs and Coaches Pulling Down Big Bucks on College Campuses

According to a study conducted by the Chronicle of Higher Education and reported about in the Wall Street Journal, medical school professors and administrators comprise the highest earners on college campuses:

A new study of 600 private colleges found that presidents accounted for only 11 of 88 employees earning $1 million or more and only 31 percent of those earning $500,000 or more. The survey was conducted by the Chronicle of Higher Education, a trade publication.  In contrast, 30% of the 293 employees earning $500,000 or more were medical school professors or administrators, and 13% were athletic coaches or directors. Others earning high salaries included investment managers, chief academic officers and chief financial officers.  The study covered pay and benefits for the fiscal year ended June 31, 2007, the latest for which data was available. Although that was before the current economic crisis, the study comes as tuition costs become a growing burden for many families and college finances face mounting scrutiny.

And from the looks of things, coaches get pretty testy when asked about their salaries.  Take a look at this video of UConn’s coach Jim Calhoun ripping into a reporter for daring to ask about his million plus salary. 

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