Montclair State University’s next president, Jonathan Koppell, salary announced the day before the inauguration
With Dr Susan Cole’s term as president of Montclair State University expected to end later this month, Jonathan Koppell, the university’s next president, plans to earn a slightly higher salary than his predecessor.
Koppell’s salary will be $ 475,000 according to Adam Clark of NJ Advance Media for NJ.com. By comparison, Cole’s salary in 2019-20 was initially $ 587,000, but was later reduced to $ 471,000 in response to the pandemic.
Additionally, Koppell can receive nearly six-figure bonuses over the five-year period of his current contract as well as a car allowance of $ 700 per month. Koppell will be living on presidential property included as one of the perks of the position.
The amount may seem staggering to some, but it is far from luxurious compared to the salaries paid to other university presidents.
For example, at Arizona State University, where Koppell was previously employed, President Michael M. Crow received a salary totaling more than $ 1.1 million, according to a 2018 study by The Chronicle, a publication that highlights the problems of higher education.
More, Clark further states that Johnathan Holloway, the new president of Rutgers New Brunswick, earns approximately $ 780,000 per year in base salary. which is $ 305,000 more than Koppell’s salary.
In comparison, full-time professors in Montclair State receive at least $ 95,000 per year according to a Glassdoor salary estimate, without taking into account the remuneration of assistant professors which is much lower in comparison.
While it is common for college and university presidents to earn massive salaries for their work, it should be noted that the university has lost more than $ 34 million in public funding last year due to the coronavirus pandemic (COVID-19).
The reaction of students and staff to this proposal has been mixed. Charlie Falotico, a sophomore TV and digital media student, thinks that’s not a big deal.
“If the campus has found a way to give this salary without having to cut back on other resources and in turn Koppell is doing a quality job in his position, I don’t completely disagree with that,” Falotico said.
Jared Tauber, a sophomore filmmaker, sees it in a much more neutral light.
“I mean, does he get paid more than that helps the school?” Said Tauber. “Does being paid less help the school?” His salary, like all decisions concerning [Montclair State], should be in the best interest of the university.
Koppell’s term as president will begin on August 2, three weeks before residential students begin returning to dorms and apartments. Cole will retire on August 1, quietly ending her 23-year term as President of Montclair State.
The school has not released any statement regarding Koppell’s upcoming salary.