University System of Maryland Chancellor Robert Caret was the 22nd best compensated public college leader while he headed the Massachusetts state university system, according to data released by the Chronicle of Higher Education on Sunday.
Caret, who led the University of Massachusetts system from 2011 to June 2015, earned a base salary of $490,481 and total compensation of $702,818, including house and car benefits. The Chronicle's data does not include a ranking for Caret's current position as head of the Maryland university system, which includes 12 of the state's public institutions.
Caret was awarded a $30,000 merit raise in June, bringing his current salary to $630,000 annually. He also is entitled to a host of perks including a house — the Hidden Waters property in Baltimore County — a car and driver, bonuses of up to 15 percent of his salary, and a $53,000 annual annuity, according to his appointment letter. Caret was awarded a $75,000 bonus in June.
William E. Kirwan, the previous chancellor, made $573,398 in total compensation in 2015, though he only worked about half the year before retiring. Kirwan ranked 51st in the country for best compensated public college leaders, according to the Chronicle.
The Chronicle's analysis included the pay of 259 chief executives at 236 public colleges and systems; including all public doctoral universities and all state college and university systems with at least three campuses and 50,000 students in the 2014-2015 academic year.
The Chronicle's analysis on Sunday did not include private college data. Based on 2013 data, the Chronicle ranked the Johns Hopkins University's Ronald J. Daniels 27th on the highest-paid private-college president list at $1.1 million. Stevenson University President Kevin J. Manning was the only other Maryland president in the top 100, at 95th, earning $640,566.
Renu Khator, who was dually appointed as chancellor of the University of Houston system and as president of University of Houston, was the highest paid public college leader in the country in the 2014-2015 academic year, making $1.3 million. No presidents of Maryland public colleges ranked in the top 10 in the country.
For the current academic year, University of Maryland, Baltimore President Jay Perman has the highest salary of any state university system president, at $859,923, according to university system data. Wallace Loh, the president of the University of Maryland, College Park, will earn $600,314 this fiscal year. Freeman A. Hrabowski III, president of the University of Maryland, Baltimore County, will make $509,170. Other university system presidents make $275,000 annually (Frostburg State University) to $385,000 annually (Salisbury University).