NYU Prepared To Pay A New Stern Dean Nearly $1 Million To Start

New York University is telling candidates for the deanship of its Stern School of Business to expect a starting salary of nearly $1 million.

In posting the specs for the job, the search firm of Isaacson, Miller is noting an “anticipated salary range of approximately $860,000 to $950,000.” That level of compensation would put the Stern dean not far behind the top leader at Harvard Business School. HBS Dean Srikant M. Datar had a total compensation package of $1,026,645 in 2023, the latest year for which figures are available. Datar’s base salary was $837,798, lower than the advertised base for the Stern job.

NYU’s Stern School Dean Raghu Sundaram, who had been the Stern School’s dean since 2018, stepped down from the job last July to become senior vice chancellor and head of global strategy.for the university. J.P. Eggers, a professor of entrepreneurship at Stern since 2008, has been serving as the interim dean.

NYU STERN HAS NEARLY 5,000 STUDENTS & 470 FACULTY MEMBERS

It’s a big job. NYU Stern boasts nearly 5,000 students and 470 faculty across eight departments and 26 programs, including an undergraduate program and 19 centers, institutes, and initiatives. Mor Armony, vice dean for faculty and research, is chairing the search committee.

According to the specs, the successful candidate will be a “champion for teaching and scholarship, have outstanding communication and interpersonal skills, a deep commitment to global inclusion, and a personal style that engenders trust and respect. The dean will have high energy, political astuteness, and the ability to galvanize the community around a vision. They will be a first-rate scholar and administrator who will empower a high-performing leadership team and bring experience running an organization. The dean will sustain and strengthen the school’s scholarly enterprise by recruiting and retaining a talented and diverse faculty and working with the NYU Stern Executive Board and Alumni Council to ensure that the curriculum is reflective of a dynamic and fast-paced global landscape and that all components of its degree portfolio are competitive, cutting edge, and impactful. The dean must be a compelling public representative for NYU Stern, willing and comfortable as a leading voice in public forums. They will build and deepen external relationships across varied populations both locally and globally and grow the school’s resources.”

John Muckle and Courtney Wilk-Mandel are leading this search with Andrew Marshall at Isaacson, Miller.

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