How much money do business school deans make?
A lot more than their MBA graduates–and often quite a bit more than other deans.
According to a new report that looked at the public records of state universities, Alison Davis-Blake, who resigned as dean of the University of Minnesota’s Carlson School of Management to take on the Ross School at the University of Michigan, was paid $477,000 in 2009. That was the second highest annual salary at the University of Minnesota, according to the campus newspaper The Minnesota Daily.
The newspaper reported that Davis-Blake is now making about $75,000 more annually as dean at Ross, a position she assumed in August.
Tom Sullivan, provost of the University of Minnesota, told the paper that business school deans are typically paid more because of “market conditions.” He said deans must compete in the corporate world and in the academic world.
One thing is for sure. Most other deans make much less money. In the 2009-10 academic year, the newspaper reported, College of Liberal Arts Dean James Parente earned $245,000, while Veterinary Medicine Dean Trevor Ames earned $227,000.
The newspaper also reported that the Ohio State University business dean, hired in 2009, currently earns an annual salary of $496,612. The University of Wisconsin, Madison, appointed François Ortalo-Magné as dean of the Wisconsin School of Business in July 2011. He has an annual salary of $410,000. The interim dean of Krannert School of Management at Purdue University for 2010-11 made $203,799, according to the newspaper.