Three Maryland University Presidents to Get Raises
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Wcbm
BALTIMORE (WBFF) – The University System of Maryland agreed with consultants to give raises to three university presidents. That includes University of Maryland, College Park president Wallace Loh, who earns an annual $600,000. He will receive an increase of $75,000, as his compensation is in the 43rd percentile compared to presidents of similar universities, according to a USM news release Friday. University of Maryland University College’s Javier Miyares will receive a $50,000 increase and Salisbury University’s Janet Dudley-Eschbach will get a $20,000 increase, “based primarily on strong performance as the leaders of their respective institutions,” according to the release.
The Board of Regents said its newly-approved compensation philosophy aims for the 50th percentile on average for system presidents. “An excellent public university system is key to growing Maryland’s economy and creating jobs and opportunities for our citizens,” said James Brady, Chairman of the Board of Regents, in the news release.
“An excellent state higher education system requires excellent students, excellent faculty and excellent university leadership,” said Brady in the statement. “To attract and retain this caliber of individual, including nationally recognized leaders, we must offer compensation packages that are competitive with what these individuals could earn in other states.” The increases take effect July 1.
