UW-Madison Chancellor Receives $1 Million Pay Package

University of Wisconsin-Madison Chancellor Jennifer Mnookin will receive a significant raise, with her base salary increasing to $892,663 next year and additional retention bonuses totaling over a million dollars. The UW Board of Regents approved raises for eight out of the 13 chancellors to align their compensation with peer universities, emphasizing the importance of retaining top talent. The Regents also introduced a program incentivizing student retention, with most chancellors eligible for up to 15% base salary increases based on meeting retention goals. UW-Madison's chancellor will be rewarded for longevity with bonuses funded by philanthropy, distinct from the performance-based bonuses for other chancellors in the UW system. The new compensation structure aims to address challenges in higher education and retain talent across the UW system, reflecting efforts to enhance student retention rates and competitive compensation for university leaders.