Senior Vice President of Investments Paula Volent remained the highest paid Bowdoin employee for the 2012 calendar year. She earned $1,267,519 in total, according to the College’s most recently available Form 990 for the compensation of its top employees. Volent received a 45 percent increase from 2011 to 2012, and has been the highest-compensated employee at Bowdoin since the 2007 fiscal year, when the Orient reported that her salary surpassed that of President Barry Mills. 

Consistent with past years, Mills was the second highest-paid employee in 2012, earning a base pay of $413,029 with $88,126 of additional compensation, for a total compensation figure of $501,155. His compensation increased by .26 percent between 2011 and 2012.

“If you look at my compensation, it’s a lot lower than a lot of other college presidents,” said Mills. “You’ll see that I receive non-cash compensations and imputed benefits, such as the house I live in.”

At other NESCAC schools, the president is traditionally the highest-paid employee. Compared to the presidential compensation at the 11 other NESCAC institutions, Mills’ pay once again ranked ninth, according to The Chronicle of Higher Education’s Executive Compensation at Private Colleges database.

Only Connecticut College’s then-President Leo Higdon, who earned $418,916, earned less than Mills at a standard compensation rate. A. Clayton Spencer, who served as President of Bates College for less than year when she was appointed in 2012, earned $322,708.

“We do look competitively to see how we pay compensation compared to other places, and if our compensation is way out of line, then sometimes we make adjustments,” Mills said.

Williams was the only other NESCAC school where an administrator other than the president, Chief Investment Officer Collette Chilton, was the highest-compensated employee. In 2012, Volent surpassed Chilton as the highest-paid non-president employee in the NESCAC.

In 2012, Volent earned $1,267,519 compared to Chilton’s $890,960. Mills attributed the large increase in Volent’s pay to her ability to successfully grow the College’s endowment. At the end of 2012, the College’s net assets or fund balances amounted to $1,218,293,000.

“The increase in the endowment is certainly something we’re very, very proud of, and a big reason that our endowment is the success that it is because of Paula,” Mills said. “We make sure that she is compensated competitively with others in her field, and the success of our endowment is linked to our desire to pay her competitively.”

The remaining three of the top five compensated employees after Volent and Mills were, in order, former Secretary of the College William Torrey, Senior Vice President for Finance and Administration and Treasurer Catherine Longley, and Senior Vice President for Development and Alumni Kelly Kerner. 

Torrey, who left the College in 2011, had a 51 percent decrease of his compensation between 2011 and 2012. In 2012, however, his compensation of $365,309 once again reflected his 2010 salary.

“In some instances there are some people on that list who have left the college in those years, and in some instances their compensation could look higher because of long standing arrangements they may have had with the College when they left for many, many years of service,” said Mills.

Two professors were on the list of the 13 top-paid employees: Professor of Natural Sciences Patsy Dickinson and Professor of Art Mark Wethli. Dickinson remained the highest-paid professor in 2012, earning $217,651.

Mills stated that it is important that Bowdoin’s compensation for its employees, both in the administration and on the faculty, remain competitive.