London Met is committed to transparency and feels it is important for everyone in our community to know how much we pay our Vice-Chancellor. In addition to this page, a breakdown of payments to our Vice-Chancellor is published annually in our financial statements.
Professor Lynn Dobbs will be paid a salary of £234,140 for the 2019–20 academic year. In addition, Lynn is part of the Teachers' Pension Scheme and will receive the standard employer contributions. Lynn has no performance-related pay or bonus schemes included in her contract.
Vice-Chancellor’s remuneration summary
|
Salary |
£234,140 as at 1 December 2019 |
|
Salary review |
Annual review by the University's Remuneration Committee |
|
Pension |
Member of the Teachers’ Pension Scheme (TPS) where the University makes the standard employer’s contribution – currently 23.68% |
|
Bonus or incentive package |
No |
|
Private Healthcare |
No |
|
Accommodation |
No |
|
Car |
No |
|
Other benefits |
No |
|
Start date |
8 October 2018 |
Vice-Chancellor's voluntary pay reduction: April to September 2020
During a period of significant strain on the student hardship fund and the uncertainty that the pandemic brought to the sector's finances, the Vice-Chancellor made a regular donation to the student hardship fund, from the beginning of April 2020 to the end of September 2020. This constituted a temporary, voluntary, reduction in pay during the period of national lockdown and for several additional months. We have now commenced a new academic year and the hardship budget has been reset and increased in line with expected demand.
Sector benchmarks
The most recent figures (2017/18) from the Office for Students (OfS) revealed that vice-chancellors in the UK were paid an average basic salary of £253,000.
Our Vice-Chancellor’s salary of £234,140 per annum is 6.6 times the median salary for all University staff. The University and College Union recommends that the pay multiplier of the lowest paid and the highest paid members of staff in higher education should be no more than a factor of 10.
How our Vice-Chancellor’s pay is decided
The value of the Vice-Chancellor’s salary package is determined by the Remuneration Committee, which comprises up to five external members of the University's governing body and is chaired by our Board’s Chair, Mark Anderson.
The Vice-Chancellor does not sit on the Remuneration Committee and does not take part in decisions about their salary.
When the Remuneration Committee reviews the Vice-Chancellor’s remuneration package, it does so with reference to the University’s progress, and relative to the remuneration of the leaders of other universities.
Benchmarking data, and other information that contributes to the Remuneration Committee’s decision-making process, is supplied independently by the Head of Human Resources.
Vice-Chancellor's expenses
Professor Lynn Dobbs, Vice-Chancellor of London Metropolitan University, voluntarily publishes her work expenses on an annual basis.