10 private college presidents raking in more than $2 million

Sitting at the helm of a private university in America can be a highly lucrative position. In fact, eight of the 10 highest-paid private college presidents in the U.S. earned more than $2 million in 2014.

That's according to a newly released pay analysis by The Chronicle of Higher Education, a news and job information source for college administration, faculty and students.

Although many Americans have been stuck in an earnings rut in recent years, the pay for private college presidents has been going up. The average yearly pay jumped by nearly 9 percent between 2013 and 2014 to $513,000, according to the Chronicle. For comparison, the median pay for public college presidents for the 2014-2015 academic year was $431,000.

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Based on The Chronicle's analysis, these are the 10 highest-paid presidents of private universities in the U.S.:

  1. Jack P. Varsalona, Wilmington University, New Castle, Delaware: $5,449,405
  2. Mark S. Wrighton, Washington University, St. Louis: $4,185,866
  3. Gerald Turner, Southern Methodist University, Dallas: $3,354,128
  4. Amy Gutmann, University of Pennsylvania, Philadelphia: $2,962,708
  5. Lee C. Bollinger, Columbia University, New York: $2,447,032
  6. Morton O. Schapiro, Northwestern University, Evanston, Illinois: $2,352,578
  7. Robert Fisher, Belmont University, Nashville, Tennessee: $2,120,091
  8. Robert J. Zimmer, University of Chicago: $2,051,089
  9. James F. Jones Jr., Trinity College, Hartford, Connecticut: $1,661,794
  10. David J. Skorton, Cornell University, Ithaca, New York: $1,618,328

The college presidents' compensation packages include salaries, bonuses and benefits — including housing, club memberships and travel.

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Alabama

Chemistry - $102,153

(Photo by Rob Hainer via Getty Images)

Alaska

General Engineering - $131,095

(Photo by Sam Diephuis via Getty Images)

Arizona

Zoology - $105,203

(Photo via Getty Images)

Arkansas

Pharmacy, Pharmaceutical Sciences and Administration - $130,207

(Photo by Joe Sohm via Getty Images)

California

Health and Medical Preparatory Programs - $124,269

(Photo via Getty Images)

Colorado

Petroleum Engineering - $179,206

(Photo by David Parsons via Getty Images)

Connecticut

Economics - $104,165

(Photo by Sean Pavone via Getty Images)

Delaware

Mechanical Engineering - $99,332

(Photo by Ron Chapple via Getty Images)

Washington, D.C.

Economics - $104,165

(Photo by Mark Segal via Getty Images)

Florida

Health and Medical Preparatory Programs - $114,582

(Photo via Alamy)

Georgia

Health and Medical Preparatory Programs - $92,775

(Photo via Alamy)

Hawaii

Pharmacy, Pharmaceutical Sciences and Administration - $112,644

(Photo by Richard Akuaten via Getty Images)

Idaho

Zoology - $133,637

(Photo via Getty Images)

Illinois

Health and Medical Preparatory Programs - $116,875

(Photo via Shutterstock)

Indiana

Health and Medical Preparatory Programs - $114,701

(Photo via Shutterstock)

Iowa

Pharmacy, Pharmaceutical Sciences and Administration - $114,582

(Photo via Getty Images)

Kansas

Chemistry - $78,124

(Photo via Shutterstock)

Kentucky

Pharmacy, Pharmaceutical Sciences and Administration - $126,480

(Photo via Getty Images)

Louisiana

Zoology - $113,952

(Photo via Alamy)

Maine

Pharmacy, Pharmaceutical Sciences and Administration - $131,095

(Photo by James Metcalf via Getty Images)

Maryland

Health and Medical Preparatory Programs - $121,011

(Photo by Sean Pavone via Getty Images)

Massachusetts

Health and Medical Preparatory Programs - $105,037

(Photo via Corbis)

Michigan

Health and Medical Preparatory Programs - $126,053

(Photo via Getty Images)

Minnesota

Business Economics - $88,541

(Photo by Andrey Krav via Getty Images)

Mississippi

Pharmacy, Pharmaceutical Sciences and Administration - $108,332

(Photo via Getty Images)

Missouri

Zoology - $109,414

(Photo by Henryk Sadura via Getty Images)

Montana

Pharmacy, Pharmaceutical Sciences and Administration - $107,186

(Photo via Getty Images)

Nebraska

Chemistry - $72,607

(Photo via Getty Images)

Nevada

Biology - $82,060

(Photo by Andrew Zarivny via Shutterstock)

New Hampshire

Pharmacy, Pharmaceutical Sciences and Administration - $129,233

(Photo via Getty Images)

New Jersey

Health and Medical Preparatory Programs - $118,997

(Photo by Denis Tangney Jr. via Getty Images)

New Mexico

Pharmacy, Pharmaceutical Sciences and Administration - $123,294

(Photo via Getty Images)

New York

Health and Medical Preparatory Programs - $110,937

(Photo via Shutterstock)

North Carolina

Health and Medical Preparatory Programs - $115,761

(Photo via Getty Images)

North Dakota

Biology - $67,836

(Photo by Ben Harding via Getty Images)

Ohio

Health and Medical Preparatory Programs - $106,500

(Photo via Shutterstock)

Oklahoma

Petroleum Engineering - $142,707

(Photo via Getty Images)

Oregon

Industrial and Manufacturing Engineering - $107,508

(Photo by Bob Pool via Getty Images)

Pennsylvania

Health and Medical Preparatory Programs - $122,019

(Photo via Getty Images)

Rhode Island

Chemistry - $96,284

(Photo via Kenneth C. Zirkel via Getty Images)

South Carolina

Pharmacy, Pharmaceutical Sciences and Administration - $123,070

(Photo by Getty Images)

South Dakota

Pharmacy, Pharmaceutical Sciences and Administration - $122,884

(Photo via Getty Images)

Tennessee

Zoology - $114,884

(Photo via Getty Images)

Texas

Petroleum Engineering - $166,665

(Photo via Getty Images)

Utah

Zoology - $121,011

(Photo via Getty Images)

Vermont

Electrical Engineering - $105,988

(Photo by Denis Tangney Jr. via Getty Images)

Virginia

Health and Medical Preparatory Programs - $119,790

(Photo via Getty Images)

Washington

Health and Medical Preparatory Programs - $117,764

(Photo via Getty Images)

West Virginia

Chemistry - $80,674

(Photo by Stan Rohrer via Getty Images)

Wisconsin

Health and Medical Preparatory Programs - $226,163

(Photo by Henryk Sadura via Getty Images)

Wyoming

Pharmacy, Pharmaceutical Sciences and Administration - $115,969

(Photo by Getty Images)

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Just one woman earned a spot on the list above. Of the 100 top-earning private college presidents in the U.S., a mere 17 are women.

Are you surprised to see how much money some private college presidents are earning? Sound off below or on our Facebook page.

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