Russell Group vice-chancellors’ average pay packages have hit £400,000, despite the financial crisis in UK higher education. ADVERTISEMENTHowever, the final average vice-chancellor pay rise across all 24 Russell Group members – and across the sector as a whole – will not be known until early next year. The extent of the financial crisis in UK higher education is being laid bare by the publication of 2023-24 accounts, which reveal large deficits at a number of universities, including Russell Group members. ADVERTISEMENTThe university allocating the most to vice-chancellor pay out of the 19 analysed to date was the University of Leeds, which spent £694,000 on its two leaders during 2023-24. The median vice-chancellor salary paid by the 19 Russell Group members stood at £327,000 last year – up 3.5 per cent from £316,000 in 2022-23.

Source: The Times January 02, 2025 12:44 UTC