Pitt’s new chancellor will receive a $950,000 salary. Experts say that’s the ‘new normal’ for college leaders.

When Joan Gabel takes the reins at the University of Pittsburgh this summer, she will not only become the school’s first female chancellor but will also be catapulted into one of the highest paid base salaries for U.S. public school presidents.

Ms. Gabel – who on Monday was appointed to the top spot during a special board of trustees meeting – is set to receive a base salary of $950,000, not including retention payments and other incentives.

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