wasn’t unanimous, but I think it was a strong support,” Regent Richard Beeson said.Īccording to materials from the September meeting, an annual salary of $354,700 falls in the 25th percentile of similar positions nationwide. “The salary is in line with what other people are getting from around the country. ![]() Other board members supported the appointment and salary, saying that in order to attract potential candidates to the University, salaries need to remain competitive with peer institutions. ![]() “But administrative salaries and tuition had gone up dramatically.” Everything else sort of follows the standard trajectory: faculty salaries and other costs are sort of in line with what you would expect from an inflationary standpoint,” Rosha said. “When I came back to the board in 2015, the two things that had grown exponentially were administrative salaries and tuition. Rosha and several other board members also said they feel that higher education should be viewed as a public service rather than a private business and that compensation models should reflect this purpose. I think the comparison doesn’t work that well.” My only comment is are woefully inadequate for the jobs that are required for those folks. “I would just say, some comparisons were made to the state salaries paid … for the comparable positions. “I understand the concerns about higher education salaries, and it’s something that we need to look at - and obviously mine came in lower than my predecessors,” Frans said. In an interview with the Daily, Frans commented on the concerns about his compensation and the disparity between his new salary with the University and what he earned previously while working for the state. This salary is 6% less than former Senior Vice President Brian Burnett earned.įrans received approximately $158,000 in 2019 in his previous position working under Minnesota Gov. Frans will also receive additional deferred compensation ranging from $50,000 to $80,000 each year between 20. This amount is subject to the 10% pay reduction taken by top administrators in July - an effort to cushion the financial blow of the pandemic. ![]() “So while you certainly can’t question a person’s desire to earn as much as they’re able to, the fact that the institution is offering … this type of compensation, it’s literally a question of morality.”įrans will receive an annual salary of $399,000. “Boards like ours across the country have sat back and allowed ourselves to create this fictional market that ultimately leads to all of these students paying student loans into their 30s and 40s,” Rosha said. Although he supported Frans’ selection for the position, Rosha said he feels the overall model of compensation is cause for concern and needs to be addressed. Regent Darrin Rosha was one administrator who voiced concern at the September meeting. ![]() Regents also expressed concern with the lack of consultation about Frans’ hire, a feeling student leaders echoed. In a discussion before Frans was officially appointed, the Board of Regents raised concerns about his annual compensation package, especially given the University’s financial insecurity due to the COVID-19 pandemic. The University of Minnesota introduced Myron Frans as the new senior vice president for finance and operations last month, prompting a discussion among the Board of Regents about the cost of administrator salaries within higher education.
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