It’s an endowment, they can’t just empty that pool of money they take around 4% of the money each year that they get from investments which ends up being around 10% of their budget
They also have 12.8 square miles of campus to maintain… which requires a lot more than just the 2300 professors. They also have adjunct professors, lab managers, researcher techs, facilities, and a ton of other expenses that are required from an R1 research university.
The grad students while they don’t get a “livable wage” do get their tuition comped and get a housing stipend. Like we can always do better but undergrad students are being done much dirtier than grad students as they are going into huge amounts of debt to try and even afford tuition
Those all fall into the underpaid category too. Adjunct professor is particularly abused.
$2.5B from tuition and endowment, $2.2B in sponsors and $1.6B in donations. $6.3B a year income. 27.4k total employees. If each and every employee was paid $100k, that’s $2.7B for salaries.
You and I are the only people in this thread with actual experience at a university. The rest are just looking for places to project their anger and general malaise.
BussyCat@lemmy.world 3 days ago
It’s an endowment, they can’t just empty that pool of money they take around 4% of the money each year that they get from investments which ends up being around 10% of their budget
Blue_Morpho@lemmy.world 3 days ago
That’s still 1.4B a year. They get $1.1 B in tuition a year. That’s $2.5B. They have 2300 professors. At $200k salary that’s only $0.4B of the $2.5B.
BussyCat@lemmy.world 3 days ago
They also have 12.8 square miles of campus to maintain… which requires a lot more than just the 2300 professors. They also have adjunct professors, lab managers, researcher techs, facilities, and a ton of other expenses that are required from an R1 research university.
The grad students while they don’t get a “livable wage” do get their tuition comped and get a housing stipend. Like we can always do better but undergrad students are being done much dirtier than grad students as they are going into huge amounts of debt to try and even afford tuition
Blue_Morpho@lemmy.world 2 days ago
Those all fall into the underpaid category too. Adjunct professor is particularly abused.
$2.5B from tuition and endowment, $2.2B in sponsors and $1.6B in donations. $6.3B a year income. 27.4k total employees. If each and every employee was paid $100k, that’s $2.7B for salaries.
stoly@lemmy.world 1 day ago
You and I are the only people in this thread with actual experience at a university. The rest are just looking for places to project their anger and general malaise.
grindemup@lemmy.world 2 days ago
That’s great, these sound like basic details that their budget should take into account when considering how many people they can employ!