The mantle of "College President" is one that includes a lot of responsibility and scrutiny, but for some in the higher ranks, the lucrative pay makes it worth it. According to data released by The Chronicle of Higher Education, some private-college presidents have made over $5.4 million in a single year.
The average annual salary for full-time college/university presidents in 2014 was roughly $512,449, with 39 of the top earners receiving more than $1 million. Top earner Jack Varsalona, President of Wilmington University, earned $5,449,405 while shepherding the private university of roughly 20,000 students. Varsalona earned 129 times the average student salary of $42,000, according to MarketWatch.
One way these earnings are acquired is through a [...]