USM Board of Regents Approve Increases in FY 2019 and FY 2020 Executive Pay of Two Campus Presidents as Part of New Compensation Framework
Baltimore, Md. (June 21, 2019) – The University System of Maryland (USM) Board of Regents this afternoon at its annual regularly scheduled June meeting approved salary increases for presidents of two USM institutions as part of a continuing strategy to implement a new, long-term compensation framework. The salary adjustments are designed to position the USM to offer compensation for campus leaders that is consistent with peer institutions nationally.
As approved by the regents, Jay A. Perman, M.D., president of the University of Maryland, Baltimore (UMB), will receive a $50,000 retroactive fiscal year (FY) 2019 salary increase (prior base salary of $920,031). University of Maryland University College (UMUC) President Javier Miyares will receive a $50,000 retroactive FY 2019 salary increase (prior base salary of $429,660) and a $50,000 post-severance contribution to USM's Section 403(b) deferred compensation plan for FY 2020.
In September 2017, the board approved the new compensation framework after working with an independent human resources consultant that reviewed USM practices for compensating senior executives. Per the consultants recommendations, the board reviewed the compensation packages of its presidents and in September 2017 voted to grant equity adjustments to presidents at some USM institutions. The salary increases recognized the presidents’ records of success and were designed to bring their compensation closer to the average for leaders of similarly situated peer institutions nationally.
“The people of Maryland deserve a top-tier university system that lives up to and supports their aspirations for job growth and economic development,” said Linda Gooden, chair of the Board of Regents. “To accomplish this, we must attract, hire, and retain highly talented leaders, in part by ensuring that we compensate them competitively. Today’s action by the board helps ensure the USM will meet that goal.”
UMB President Jay A. Perman, M.D., has served since July 2010 as the leader of the institution with Maryland’s only public medical school. Under the new framework, Perman’s compensation is tabulated against that received by presidents of other public research universities with stand-alone medical colleges and other professional health sciences schools. While overseeing Maryland’s only public health, law, and human services university, Perman has strengthened UMB’s role in improving the health and well-being of the greater Baltimore area, and expanding health and social services education opportunities and clinical services to underserved communities across Maryland.
UMUC is the USM’s only open-access institution with a mission to serve adult students, many of whom are active-duty military personnel and their families serving around the world, members of the National Guard, and veterans. UMUC, which on July 1 will be known as University of Maryland Global Campus, serves some 90,000 students each year, primarily through online and hybrid degree programs.
Under President Miyares' leadership, the university has continued to grow even as enrollments have declined sharply at other institutions that serve non-traditional students. In 2018, Military Times named UMUC the No. 1 Best College among Online and Nontraditional Schools -- the second time in three years it received the No. 1 ranking.
Since Miyares became president in 2012, UMUC has launched new workforce-relevant degree programs in cybersecurity, data analytics, nursing and transformational leadership, and programs for Maryland high school and community college graduates to attend UMUC at substantially reduced cost. In 2016, UMUC became the largest public university in the U.S. to eliminate publisher textbooks in most classes and adopt Open Educational Resources (OERs), which are available to students at no cost, saving them thousands of dollars over the course of their degree programs.
As noted when the board announced acceptance of the new USM compensation framework, the compensation philosophy explicitly ties compensation to strong performance, as determined by regular assessments of progress against specific annual goals. Other factors include the state’s financial condition, equity and retention concerns and the competitive market.
Contact: Mike Lurie