Posts Tagged ‘global recession’
Administrator Pay-Up Again!
Monday, January 18th, 2010
College administrator pay is up again! Enough is enough. International students already pay as much as 3X what regular students pay for tuition in the US and in the UK as well in most instances. A recent article in the New York Times points out that despite the global recession and ongoing financial hardships that many students face, college and university administrator pay went up by an average of 1.1%. This might not seem like much but what the article also points out is the ridiculous amount of money that these administrators make. For example, the President of Ohio State University makes about $1.6 million! $1.6 million! Furthermore, many community college Presidents make in the area of $400 thousand annually and up! There is nothing that college and university Presidents do that deserve these types of exorbitant salaries. This is especially alarming considering that while these administrators are giving themselves raises, increases in student tuition, fees and college texts are going up even higher to pay for their ridiculous salaries. Where will it end?
Tags: administrator, administrators, College, college fees, college president, college president salaries, community college presidents, cost of college, cost of textbooks, cost of tuition, exorbitant salaries, financial hardships, global recession, pay, President, student expenses, student tuition fees, tuition, UK, University, university president, university president salaries, US
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Recession = Graduate School
Sunday, January 10th, 2010
A variety of pundits are saying the global recession (or the great recession as many are calling it) is officially over. However, while the massive job layoffs and corporate downsizing might be coming to an end or slowing, few firms are actually adding jobs and real incomes continue to be down. Many firms and governmental authorities might want you to believe the recession is officially over but we all know the truth. Some consumer spending is up but it is up because people are not paying their mortgages. Additionally, fewer people are working full-time and more and more are returning to graduate school or law school in an effort to improve their future job prospects. Most developed societies across the globe are experiencing some fundamental shifts with the character of their economies changing forever as well. This now requires a greater number of service related employees or intellectual and knowledge workers with technology prowess and those societies that fail to adjust or adapt will slowly decline. So, if you haven’t already, you might want to consider brushing off those GMAT books or LSAT books and start preparing for these graduate school exams or face the prospect of employment irrelevance.
Tags: business school, consumer spending, corporate downsizing, global recession, gmat, governmental authorities, graduate, graduate school, graduate school admissions, great recession, job, law school, law school admissions, lsat, lsat books, real incomes, recession, school, variety
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Administrator Pay-Outrageous!
Thursday, December 24th, 2009
A recent article in the Chronicle of Higher Education in the United States (US) discusses the level of pay for many of the nation’s top private universities. In this global recession when many families the world over a struggling to simply purchase food and many of people are returning to school in order to improve their economic outlooks, the barriers to gaining a better education or new job skills through training are constantly going up. The article notes that university presidents such as Rensselaer’s College President, Shirley Ann Jackson, receives more than $1.6 million annually. I’m sorry, and what the hell does a college president do that’s worth $1.6 mllion annually–provide strategy? This is ridiculous and people wonder just why college and university tuition rates are skyrocketing in a manner that is far outpacing inflation. Until the egregious (some might say almost fraudulent) salaries of these top university and college administrators are reigned in the cost of higher education will certainly continue to rise at a rate higher than inflation making it far more difficult for people to begin or complete the higher educations.
Tags: article, chronicle of higher education, College, college administrator, college education, college expenses, college president salary, economic outlooks, Education, global recession, President, rising costs of college, Shirley Ann Jackson, tuition and inflation, United States, University, university administrator, university education, university president salary, university presidents, US
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