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In researching the salary of faculties, I have found that there is a difference between salaries of faculty at private and public institutions. Generally, average salary for faculty at private colleges is higher than that of public colleges. At the same time, the average pay for public and private institutions’ president is also rising. The salary for the presidents at public and private institution is about the same even though there are fewer students at private institutions. This contributes to the cost of private institution. There are a lot of faculties at both kind of institutions but at the private institutions; there are fewer students which mean a more student’s faculty interaction. There are fewer students to divide the cost of this by. So to maintain this kind of private education, the cost will be more per student.

Annotated Bibliography

Byrne, Richard. “Gap Persists Between Faculty Salaries at Public and Private Institutions.” The Chronicle of Higher Education. 18 April, 2008. November 15, 2009. <http://chronicle.texterity.com/chroniclesample/20080418-sample/?pg=19?

In this article, Richard Byrne talks about the different between the salary of faculty of private and public institution. He talks about how the gap can be felt “from the top to the bottom of the pay scale.” This article gives statistic along with a hint of reason on why this is so. In general private colleges pay its faculty more. However, faculty salary at private colleges is mostly likely to be target with budget cut.

Lewin, Tamar. “23 Private College Presidents Made More Than $1 Million.” The New York Times. 2 November, 2009. 15 November, 2009. <http://www.nytimes.com/2009/11/02/education/02college.html?

This article talks about the rise in the presidents’ salary. How there are 23 presidents from private colleges made more than one million and over 100 presidents from private institution made over $500,000. It also stresses the fact that these data were made before the economic crisis and that many of these presidents have “moderated, or frozen, salary increases.”

Lewin, Tamar. “Presidents’ Pay Rises Faster at Public Universities Than Private Ones, Survey Finds.” The New York Times. 17 November, 2008. 15 November, 2009. < http://www.nytimes.com/2008/11/17/education/17college.html>

In this article, Lewin talks about how the rise in presidents’ salary is faster at public university than private ones. However, the highest earning president still comes from a private one. This article not only talks about the salary of president but also the salary of faculty between private and public university. It talks about how there is an interesting gap when comparing faculty salary. The average salary for faculty at public institutions is lower than those at private ones.