rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Big bucks for Indian American professor

Big bucks for Indian American professor

Last updated on: December 11, 2004 17:16 IST

Dipak C Jain, dean of Kelloggs School of Management, is the fourth highest paid official in Northwestern University, according to a new study.

The survey conducted by The Chronicle for Higher Education said Jain earned $576,137 in 2003, which is more than what the university's School of Medicine dean Lewis Landsberg earned ($560,411).

Northwestern University president Henry Bienen's 2003 salary  -- which combines about $547,000 in base pay with slightly less than $100,000 in benefits -- is higher than the earnings of presidents at peer institutions, including Duke, Brown and Stanford.

The study included all top university employees. The other highest paid Northwestern officials include: vice president for Business and Finance Eugene Sunshine, who earns $606,188 and head football coach Randy Walker who earns $602,887.

Dipak Jain, 47, was named dean of the Kellogg School of Management in 2001. He joined the Kellogg School of Management faculty in 1986 as an associate professor and became an associate dean in 1996. In 1994 he was named the school's Sandy and Morton Goldman Professor of Entrepreneurial Studies and professor of marketing.

Jain lived and studied in India's NorthEast after his father, an airline official, was posted in Tezpur in the 1950s. He received his undergraduate and master's degrees in statistics from Guwahati University, earned an MS in operations research and a PhD in marketing from the University of Texas at Dallas before joining the Kellogg faculty in 1986.

Jain has also served as a visiting professor at the Koblenz Business School, Germany; Nijenrode University, the Netherlands; Chulalongkorn University, Thialand; Indian Institute of Technology-Delhi; Hong Kong University of Science and Technology; and Tel Aviv University, Israel.

The Chronicle of Higher Education attributes an increase in presidential pay to more competition between institutions.

Private and even public schools are increasing their presidential salaries to attract more experienced candidates.

But a swiftly widening gap between professor and presidential pay raises may slow down the growth in residential salaries, the study warned.

The Chronicle noted that the average salaries of faculty members nationwide increased at a slower rate than did the leaders' compensation.