In the world of higher education, which university presidents take home the most bank?

CNN Money reports:

The highest paid public university presidents

The average public college president earned just over $428,000 in 2014, up 7% from a year earlier, according to an analysis of 238 chief executives at 220 public universities from the Chronicle of Higher Education. That’s 3.8 times more than what the average full-time professor makes.

At the same time, the average annual tuition at four-year public colleges and universities has increased 29%, or $2,068, since the 2007-8 school year, according to the Center on Budget and Policy Priorities.

Pennsylvania State’s Rodney Erickson, who stepped down from his position as president in 2014, tops the Chronicle’s list of highest earners, raking in nearly $1.5 million in total compensation for fiscal year 2013-2014. Erickson, who took the helm in 2011 in the wake of a sexual abuse scandal at the university, left his post last year.

His compensation included a base pay of $633,336, bonus and severance totaling a combined $275,000, and retirement pay of $78,000, according to the Chronicle. On top of that, he received $586,267 in deferred compensation, or a lump sum that many universities give presidents after they have been on the job for a specific length of time.