Vice-Chancellor's salary

Professor Edward Peck took up his post as Vice-Chancellor in August 2014. Prior to that he had spent six years as Pro-Vice Chancellor for Social Sciences at the University of Birmingham where he had previously been both a Head of School and Department. He started his academic career at King's College London in 1995, joining after a number of senior roles in the NHS.

The Vice-Chancellor's remuneration has been reviewed each year to date by the Remuneration and Employment Policy Committee, one of the sub-committees of the Board of Governors (Terms of Reference of the committee).

In considering any increase in his salary, or indeed that of any member of the senior team, this Committee has taken into account:

  • The performance of the University against the 21 Key Performance Indicators (KPIs) agreed by the Board of Governors (see above);
  • the comparability of the current package to peers both within the sector and appropriate benchmarks external to the sector; and
  • pay and bonus principles and practice across the University.

Whilst currently a member of this committee, the Vice-Chancellor withdraws from any discussions with regard to his own salary or other potential benefits.

Changes are proposed to the membership and process of this committee for 2018/19 and will be made available once agreed by the Board of Governors.

University Key Performance Indicators

As in previous years, for 2017/18 the performance pay and salary increase received by the Vice-Chancellor were in part based on NTU’s performance against 21 KPIs which are derived from our strategic plan as agreed by the Board of Governors. The five themes at the head of the columns represent the foci around which the strategic plan is set-out. Below is the current summary of performance against the KPIs in 2016/17 as of October 1st 2017. This will be updated next in October 2018.

Creating Opportunity
Increase number of Home / EU UG students undertaking or undertaken assessed work placement / experienceTarget met or exceeded
Increase number of Home / EU postgraduate students
Grow distance learning portfolio
Increase percentage of students in graduate employment / further study
Reduce student attainment gap against targetTarget not met
Increase student satisfaction as measured by NSSTarget narrowly missed - NTU maintained previous position as overall sector declined
Improve student non-continuation rate against targetTarget not met
Valuing Ideas
Enhance performance in REF2020Data not yet available
Increase number of doctoral research students registeredTarget met or exceeded
Increase research grant and contract income
Deliver all academic established core staff possessing approved teacher accreditation
Improve teaching quality NSS scoreTarget narrowly missed - NTU maintained previous position as overall sector declined
Enriching Society
Establish strategic relationships with key partners, including agreed shared goalsTarget met or exceeded
Enhance investment in and support for start-ups, spin-offs and SME's
Achieve steady increase in staff and student volunteering
Sustain contribution to environmental sensitivity
Connecting Globally
Increase international student numbersTarget met or exceeded
Deliver institutional international partnerships
Empowering People
Increase Appraisal completion rateTarget met or exceeded
Increase level of Athena SWAN accreditationData not yet available
Increase level of staff advocacy
It is also worth noting the following achievements:

NTU was awarded TEF Gold, the highest award in the Government's new Teaching Excellence Framework. This award acknowledged NTU's systematic approach to continuous improvement of the student experience through: strategic investment; innovative learning and teaching; outstanding student engagement; range of high quality work placements; and engagement with employers who contribute to the development of courses.

NTU is Modern University of the Year in the Times and Sunday Times Good University Guide 2018. The University has also moved up into the top 50 of the guide's overall league table, with a ranking of 47th. This is its highest ever placing.

Times Higher Education has short-listed NTU for the prestigious University of the Year title in their awards due to be announced at the end of November.

NTU climbed 19 places to 34th in the latest Guardian University Guide 2018.

The Queen's Anniversary Prize – the highest research accolade – was bestowed on NTU in 2016 for its pioneering research in the areas of food fraud, safer infant formula and safety and security of citizens.

NTU won the Whatuni Student Choice Award in 2016 for Best University for International Students.

Comparability with Peers

In terms of comparability, whilst NTU is the 13th largest University in the United Kingdom (judged by student numbers) the Vice-Chancellor’s salary was nevertheless below the average for the sector for each of the years for which comparative data are available.

Salary, Benefits and Expenses

The Vice-Chancellor does not have a "grace and favour" home. He is not provided with a car and NTU does not employ a chauffeur on his behalf.

The Vice-Chancellor's salary is reported in the University's financial statements on an annual basis. The financial statements for the financial year 2016/2017 will be published online shortly. However in the interests of transparency and openness, the Vice-Chancellor's salary history from 2014/2015 together with his current salary for 2017/18 is shown below:

Previous salaries
 2017/182016/172015/162014/15
Base salary£262,500£250,000£242,400£240,000
Bonus / performance pay *£25,000£24,240£16,000Nil
Benefits in kindNilNilNilNil
Employer's pension contributionTBC£11,875£40,400£38,400
Payment in lieu of employer's pension contribution **TBC£33,125NilNil
TOTALTBC£319,240£298,800£278,400

* The maximum bonus / performance pay opportunity is 10% of current salary.

** The Vice-Chancellor opted out of the employer's pension scheme in October 2016. Had he not opted out of the pension scheme an equivalent amount would have been payable as employer contributions to that scheme by the University directly.

Personal expenses

The expenses for the Vice-Chancellor (from 1 August 2014) are shown below:

 

 TravelSubsistenceAccommodationHospitalityMiscellaneousTOTAL
2016/17321.50----321.50
2015/16383.6567.00---450.65
2014/15657.503.70-217.22-878.42
Corporate credit card spend relating to the Vice-Chancellor
 TravelSubsistenceAccommodationHospitalityMiscellaneousTOTAL
2016/17370.56310.27-771.30-1452.13
2015/16327.3033.48222.99331.6072.50987.87
2014/15693.7465.00-724.74108.711592.19
Travel and similar expenditure incurred by the University on behalf of the Vice-Chancellor in the performance of his duties:
 Hotel accommodationTrain faresAir faresEconomy flightsBusiness Class flightsTaxi costs
2016/172187.602566.498035.8126946.70
2015/161510.784026.8110530.0734-
2014/15740.243280.83----