Is College Advisory Board Members Typically Compensated? (Spoiler Alert: It’s a Wild Ride of Free Coffee and Pat-on-the-Backs)
So, you’re curious about the juicy details of college advisory boards – specifically, whether those esteemed folks get paid to pontificate about the future of higher education. Let’s dive in, shall we?
The Short Answer: Not Usually
Most college advisory board members don’t get paid a salary. Think of it as a volunteer gig with a side of fancy coffee and the occasional catered lunch. They’re motivated by a passion for the institution, a desire to give back, or maybe just a yearning for a fancy title like “Distinguished Advisor” to put on their LinkedIn profile.
But Hold On, It’s Not Always a Free Pass
While most institutions practice the “free coffee and self-satisfaction” model, there are exceptions. Some boards, particularly those with a heavy focus on fundraising or those with a heavily involved and influential board, might offer a small stipend or reimbursement for expenses. Think of it as a “thank you” for all the time and effort they devote to the institution.
What About Those Corporate-Style Boards?
Now, before you think “Oh, so it’s all about the free food,” let’s talk about those corporate-style boards. You know, the ones with high-powered executives who have the power to move markets with a single sneeze. These board members might get compensated, but it’s usually in the form of stock options or a small annual retainer.
So, Why Do They Do It?
The real motivation for most advisory board members isn’t the elusive paycheck. It’s the thrill of contributing to a noble cause, the chance to network with other influential individuals, and the satisfaction of knowing they’re making a difference in the lives of students. Plus, who wouldn’t want to brag about being on the board of a prestigious institution?
The Real Compensation: The Perks
Don’t underestimate the power of perks. Advisory board members often get access to exclusive events, VIP treatment at university functions, and the opportunity to rub shoulders with the crème de la crème of academia. Think of it as a VIP pass to the world of higher education, complete with free coffee refills and a chance to leave your mark on the future of learning.
The Bottom Line: It’s a Labor of Love
While there are exceptions, the majority of college advisory board members are motivated by something other than a paycheck. They’re driven by a desire to contribute to the academic community, to mentor students, and to help shape the future of higher education. And that, my friends, is a reward in itself.
And now for the big reveal…
The average advisory board member salary in the United States, as of June 2024, is a whopping $35.02 an hour or $72,846 per year. But hold on, before you start applying for every college board position in sight, remember that this figure is an average across various industries. Colleges and universities, for the most part, stick to the “free coffee and self-satisfaction” model.
Think of it as a game of chance. You might be lucky enough to land a board position with a generous compensation package, but don’t get your hopes up. The real reward is the opportunity to contribute, to learn, and to connect with a vibrant community of passionate individuals.
So, should you apply to an advisory board?
If you’re passionate about education, have a knack for strategic thinking, and enjoy the company of other intellectual giants, then go for it! The perks, the networking opportunities, and the chance to make a tangible difference in the lives of young minds are invaluable.
Just remember, the biggest reward might be the satisfaction of knowing you’re making a difference, not the size of your paycheck.
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