The country's best-paid academic in a publicly funded institution earned Pounds 220,000 in 1997-98, The THES can reveal.
He or she was based at the London Business School and earned more than the head of the school, who was the best-paid vice-chancellor on Pounds 207,000 pro rata. Three other members of staff at the school earned more than Pounds 150,000 and a further 11 earned more than Pounds 100,000. Of the 94 academic staff and 331 other staff at the school, 88 earned more than Pounds 50,000.
"The school has a performance-related pay scheme," said Rosemary Vipond of the LBS. "Plus faculty members can earn more by teaching on executive programmes, and the figures will include these earnings."
London colleges dominated the top of the table of high earners, putting pressure on other universities, particularly Oxbridge, to push up their salaries. Last year, there were 4,708 academics earning more than Pounds 50,000 and 6 earning more than Pounds 100,000. Most of the highly paid were based at medical schools or universities with medical schools. Old universities and those in major cities tended to have more well-paid staff. This was also true of institutions that have strong links with the business community or with industry.
There were 29 institutions with more than 50 staff earning more than Pounds 50,000. Imperial College, again in London, had the largest number of well-paid people: 325 people earned more than Pounds 50,000 and 22 earned more than Pounds 100,000. University College London came second with 7 people earning more than Pounds 50,000 and 21 people earning more than Pounds 100,000. In third place was King's College London, with 183 people earning more than Pounds 50,000 and six earning more than Pounds 100,000.
There were more well-paid academics at the University of Cambridge than at Oxford, placed 12th and 14th in the table. Cambridge had 121 staff earning more than Pounds 50,000 and 13 earning more than Pounds 100,000 compared with Oxford's 115 and 11.
The figures on these pages relating to institutions in England and Northern Ireland were compiled by THES staff from accounts submitted to HEFCE. Figures relating to institutions in Scotland and Wales were provided by SHEFC and HEFCW respectively. All calculations were performed by THES staff.