Those rumors now have come true with the resignation of Malcolm Turner as athletic director. The compensation numbers are evidence of that strategy. ... Oh, yeah, and they fired the last guy (an alum!) He is also a member of Alpha Phi Alpha and was initiated into the fraternity’s Mu Zeta chapter. To some extent, new federal reporting requirements underlie the apparent jump in compensation. Salaries at Vanderbilt University range from an average of $40,596 to $105,071 a year. FILE - In this Oct. 31, 2020, file photo, Vanderbilt head coach Derek Mason looks on from the sideline during an NCAA college football game against Mississippi in Nashville, Tenn. Vanderbilt … "Vanderbilt has plenty of money, but it’s not all going to football," Simmons said. Where Does $100 to Shriners Hospitals Go (2018)? $59,529 in employment compensation was given to Stacy McCarty, family member of former officer,  Richard McCarty. 1 on the list at $3,239,678. Vanderbilt University salary statistics is not exclusive and is for reference only. According to Vanderbilt’s tax filing, all four received distributions from the university’s supplemental executive retirement plan, which provides benefits to “a select group of highly compensated employees as a retention strategy.” These distributions were substantial. To entice high-level administrators to stick around with the newly promoted chancellor, Nicholas S. Zeppos, the university’s governing board devised a retention plan. Seven people earned more than $1-million at Cornell University in 2008, but all were doctors or administrators at the Weill Cornell Medical College, in New York City. All four employees who earned $2-million or more were high-level administrators, even though the employees with the largest base salaries—with one exception—were not. There are federal and state laws that regulate wage and hour issues including child labor, minimum wage, overtime pay and record-keeping. In 1877, Vanderbilt family’s net worth was gigantic and approximated to be around $200 million. “The compensation for executives that year reflects the strategic decision of the Board of Trust to offer additional incentives to keep the university’s management team in place,” said Beth A.  At nearly $70,000 a year for tuition, room, and board, Vanderbilt’s fees are right in line with other top private colleges and, yet people still wonder why a 4-year education at Vanderbilt costs nearly $300,000? A free inside look at Vanderbilt University salary trends based on 2623 salaries wages for 579 jobs at Vanderbilt University. In Louisiana, nine of the top 10 highest-paid public university leaders served In the university’s eyes, the plan has worked. Diermeier is a fellow of the American Academy of Arts and Sciences, the Guggenheim Foundation and the Canadian Institute of Advanced Research. Currently, Gloria Vanderbilt is a descendant of Vanderbilt family. New University of Vanderbilt Chancellor Daniel Diermeier has embraced the challenge of leading the university in the midst of the pandemic. Even so, Vanderbilt’s compensation numbers stand out. Born in Berlin, Germany, Diermeier is a first-generation college graduate who most recently served as the Provost at the University of Chicago. Where Does $100 to the American Breast Cancer Foundation Go? According to the study, Vanderbilt's David Williams was far and away No. In addition, the university posted a nearly $200 million charge to net assets from “discontinued operations” (no detail provided) and a $236 million reduction in net assets due to a net unrealized loss on investments to end the year with $5.4 billion compared to $6 billion at the end of the previous year. Vanderbilt University is one of the top private universities in the South and in the USA. Building a Versatile Work Force for the Pandemic Era. He said he’s looking forward to building on the program’s history and thanked Turner and Vanderbilt Chancellor Nicholas Zeppos for giving him this opportunity. Vanderbilt Pros - Takes unlimited AP credit for engineering majors (so it would be easier to double major) - Costs around $20,000 a year - Attending as Chancellor's Scholar which would look nice on a resume - Not as stressful - Better food Cons - Not as good name recognition and … “If that’s what it takes when there is a competitive hiring environment to keep somebody, then that’s what it takes,” Ms. Paschal said. Most of the money those four administrators received was in bonuses, incentive pay, and what the IRS calls “other reportable compensation,” which includes stock options, employer-provided automobiles and housing, and contributions to nonqualified retirement plans. The next largest expense categories were grants ($333 million – mostly for student financial assistance) followed by $175 million on office-related expenses (occupancy, IT, office, insurance). Where Does $100 to Compassion International Go? Vanderbilt University's search for its next chancellor has intensified, after Chancellor Nicholas Zeppos said goodbye to the role he's held for more than a decade.. Vanderbilt University pays its employees an average of $64,184 a year. He returned to Vanderbilt in 1998, was appointed chair of the Department of Anesthesiology in 2001, and became VUMC’s chief research officer in 2004. $117,653 in tuition assistance was provided to three interested persons (typically relatives of officers or employees). According to Mr. Cotton, the number of college presidents reaching retirement age is significantly larger than the number of qualified candidates, and institutions may need to shell out large sums for top-tier leaders. The two most highly compensated individuals are coaches for sports. Before this role, Turner served as the president of the NBA G League. When the former chancellor, E. Gordon Gee, left for a second term as president at Ohio State University in 2007, Vanderbilt wanted to be sure he didn’t take his team with him. USA Today did a study Wednesday of athletic director salaries at the 124 FBS schools. Gee's base salary was $802,125, with a total compensation package of $1.6 million. The IRS Form 990 offers no explanation explaining this discrepancy. Chancellor Daniel Diermeier Biography. SUBSCRIBE NOW As low as $3 for 3 months. A free inside look at Vanderbilt University Medical Center salary trends based on 1901 salaries wages for 672 jobs at Vanderbilt University Medical Center. An internationally renowned political scientist and management scholar, Daniel Diermeier is the ninth chancellor of Vanderbilt University. 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