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Chancellor information

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$11K

$200.5K

How much do chancellor jobs pay per year?

As of Aug 13, 2026, the average yearly pay for chancellor in the United States is $200,000.00, according to ZipRecruiter salary data. Most workers in this role earn between $200,000.00 and $200,000.00 per year, depending on experience, location, and employer.

What exactly does a chancellor do?

A chancellor is a senior official in government or academic institutions responsible for overseeing operations, policy implementation, and strategic planning. In government, they often serve as a high-ranking minister or head of a department; in academia, they typically act as the chief executive or ceremonial figurehead of a university. The role requires leadership, management skills, and often involves working with other officials or boards.

What are some typical challenges a chancellor faces when balancing academic priorities with financial management?

A Chancellor often encounters the challenge of aligning the institution's academic mission with fiscal responsibility. This includes making strategic decisions about allocating limited resources to support both research and teaching while ensuring long-term financial sustainability. Navigating competing interests from faculty, students, and external stakeholders requires strong communication and consensus-building skills. Additionally, Chancellors must stay adaptable to changing higher education landscapes, such as shifts in enrollment trends and funding sources.

What is the difference between Chancellor vs Vice Chancellor?

AspectChancellorVice Chancellor
RoleCeremonial head of a university, often involved in fundraising and public relationsChief executive officer responsible for daily operations and academic management
Required CredentialsTypically distinguished individuals, often with a background in public service or philanthropyAcademic leadership experience, often with a doctorate or senior administrative background
Work EnvironmentUniversity ceremonies, public events, fundraising activitiesAdministrative offices, academic planning, staff and faculty oversight
Industry UsageCommon in Commonwealth countries and private universitiesStandard in universities worldwide, especially in the UK and Commonwealth nations

The main difference between a Chancellor and a Vice Chancellor lies in their roles and responsibilities. The Chancellor is primarily a ceremonial figurehead involved in public relations and fundraising, while the Vice Chancellor acts as the chief executive, overseeing daily university operations and academic affairs.

What are the key skills and qualifications needed to thrive as a chancellor, and why are they important?

To thrive as a Chancellor, you need advanced academic credentials (often a doctoral degree), leadership experience in higher education, and a deep understanding of institutional governance and policy. Familiarity with university management systems, strategic planning tools, and accreditation processes is typically required. Outstanding soft skills include strategic vision, negotiation, public speaking, and the ability to build consensus among diverse stakeholders. These skills and qualities are crucial for effectively guiding an institution's mission, fostering academic excellence, and ensuring financial and organizational stability.

What is a chancellor?

A chancellor is a senior official who serves as the head of a university or college, or in some countries, as a top government official such as the head of the treasury or the government itself. In academic settings, chancellors typically oversee the university's administration, set strategic goals, and represent the institution in official matters. In governmental contexts, such as in Germany or the UK, the chancellor may be responsible for overseeing national financial policies or leading the government. The specific duties and powers of a chancellor can vary widely depending on the country and the institution.
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What states have the most Chancellor jobs?

States with the most job openings for Chancellor jobs include:

Infographic showing various Chancellor job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 24% Part Time, and 1% Contract. Highlights an 95% Physical, 3% Hybrid, and 2% Remote job distribution, with an average salary of $200,000 per year, or $96.2 per hour.

Executive Vice Chancellor for Finance and Chief Financial Officer - Office of the Chancellor

Washington University of St. Louis

Clayton, MO • On-site

Full-time

Posted 20 days ago


Washington University In St. Louis rating

7.7

Company rating: 7.7 out of 10

Based on 124 frontline employees who took The Breakroom Quiz

260th of 618 rated colleges and universities


Job description

LocationSAINT LOUIS, MO 63105 Scheduled Hours40Position SummaryReporting directly to the Chancellor and serving as an officer of the university, the Executive Vice Chancellor for Finance and Chief Financial Officer (CFO) is the senior enterprise financial executive for Washington University in St. Louis, with financial oversight spanning both the Danforth campus and WashU Medicine. Is accountable for the financial strategy, integrity, and long-term sustainability of the university as a unified enterprise - ensuring that financial planning, budgeting, treasury management, capital strategy, and internal controls are sound, coordinated, and aligned with institutional priorities across all mission areas.
Serves as the university's principal financial advisor to the Chancellor, the Board of Trustees, and senior leadership, and as the university's senior representative to rating agencies, financial institutions, and the external financial community. Engages with the Board on matters of fiduciary responsibility and serves as the university's credible institutional counterpart on endowment governance and investment strategy. Leads the university's finance organization and is responsible for building financial capability, discipline, and accountability across a complex, multi-mission institution encompassing education, research, and academic medicine.
As a member of the university's senior leadership team, the CFO translates financial strategy into institutional decision-making, partners with operational, medical and academic leadership to align resources with strategic priorities, and represents the university's financial interests with the rigor and credibility the role demands - before the Board, in the external financial community, and across the enterprise.Job Description

Primary Duties & Responsibilities:

Financial Leadership

  • Ensures financial viability and sustainability of the university's financial position - as a unified enterprise and of its major components - through timely, accurate financial reporting and analysis.
  • Serves as the key financial advisor to the Chancellor, senior leadership, and Board of Trustees.
  • Manages and optimizes the university's treasury function, including liquidity, working capital, and debt strategy.
  • Represents the university's financial interests externally with credit rating agencies, banking partners, and the broader capital markets community, optimizing credit facilities and banking relationships in support of the university's capital strategy.
  • Ensures robust internal controls throughout the institution.

Finance Organization Leadership

  • Leads the university's direct finance organization across six functions: Treasury & Insurance, Accounting Services, Sponsored Research Accounting, Shared Business Services Hub, Financial Planning & Budget, and Workday Finance Support.
  • Ensures the financial sustainability and effectiveness of the Shared Business Services Hub - measuring performance and driving accountability for shared services cost and service outcomes.
  • Partners with WashU Medicine leadership on the selection, development, and integration of finance leadership across the medical enterprise. Partners with the Executive Vice Chancellor for Medical Affairs in the search for the WashU Medicine Vice Chancellor and CFO.

Strategic Leadership

  • Partners with the Chancellor, COO, and university leadership to develop and implement financial plans and strategies that support university-wide strategic initiatives and institutional sustainability.
  • Engages with the Board and university leadership on matters of fiduciary responsibility.
  • Provides strategic financial input on issues affecting the university, including structure, evaluation of potential business relationships, growth opportunities, and new business models.
  • Evaluates and advises on the financial impact of short- and long-range planning, new programs and strategies, and legislative and regulatory actions.

Partnership and Institutional Leadership

  • Builds and sustains a trusted partnership with the COO - engaging as genuine collaborators on financial strategy and institutional priorities.
  • Serves as an active and credible member of the university cabinet - a full institutional leader who contributes to the broader strategic direction of the university.
  • Works collaboratively with the full Mission Stewardship Council to ensure resource decisions reflect institutional priorities across all mission areas.
  • Builds trust with faculty and academic leadership by translating financial realities into terms that resonate with the academic enterprise; develops genuine curiosity about and respect for academic culture, shared governance, and the rhythms of university life.

Endowment Governance and WUIMC Relationship

  • Serves as the university's credible, well-prepared counterpart to WashU Investment Management Company (WUIMC), which manages the university's endowment under an independent Chief Investment Officer.
  • Engages substantively at the Board level, negotiating on behalf of the university's liquidity and capital needs and ensuring investment strategy conversations reflect institutional priorities.

Budget Strategy and Resource Allocation

  • Develops and maintains the university's budget model as a strategic tool that links financial resources to institutional priorities and measurable performance.
  • Ensures budget processes surface explicit trade-off decisions grounded in data, and drive transparency in decision-making, funding usage, and unit-level financial accountability.
  • Aligns incentives with strategic priorities across research, innovation, and clinical activities, and fosters interdisciplinary collaboration through the university's resource allocation methodology.
  • Leads this work in close coordination with the COO and in collaboration with the full Mission Stewardship Council.

Board Engagement

  • Provides input and support to the Finance Committee of the Board of Trustees and the Audit, Risk, and Compliance Committee.
  • Serves as a senior institutional voice at the Board level - credible, proactive, and capable of translating financial complexity for lay trustees without losing rigor - representing the university's financial interests with equal credibility in rating agency meetings and WUIMC governance.

Working Conditions:

Physical Environment

  • Normal office environment

Physical Effort

  • Typically sitting at desk or table
  • Repetitive wrist, hand or finger movement
  • Ability to move to on and off-campus locations

Equipment

  • Office equipment
The above statements are intended to describe the general nature and level of work performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all job duties performed by the personnel so classified. Management reserves the right to revise or amend duties at any time.Required Qualifications

Education:

Bachelor's degree


Certifications /Professional Licenses :

No specific certification/professional license is required for this position.


Work Experience:

Senior Financial Leadership In Higher Education (10 Years)


Skills:

Not Applicable


Driver's License:

A driver's license is not required for this position.More About This Job

Required Qualifications:

  • Bachelor's degree and ten years of senior financial leadership and executive management, including meaningful experience in higher education or academic medicine - either as a practitioner within an academic institution or as a trusted advisor to presidents, CFOs, and boards of higher education institutions. Demonstrated familiarity with academic disciplines, shared governance, and the rhythms of the academic enterprise.

  • Demonstrated track record of building and elevating a finance organization - developing talent, establishing rigorous operating rhythms, and creating a function that is a genuine strategic asset.

  • Financial depth: command of balance sheet management, liquidity and debt strategy, capital allocation, and endowment governance in a complex institutional setting.

  • Experience working at the Board level with accomplished trustees; ability to translate financial complexity without losing rigor.

  • Exceptional interpersonal and communication skills - written, verbal, and presentation - including the ability to communicate complex financial matters credibly across diverse audiences and engage as a collaborative partner with institutional peers.

  • Demonstrated ability to develop budget policy and align programmatic priorities with current and future financial resources.

  • Experience in multi-year financial planning, modeling, and forecasting, with the ability to connect long-range financial scenarios to institutional strategy.

  • Strength of character to take and sustain difficult positions; ability to say no without alienating others.

  • Commitment to WashU's values and the highest ethical standards.

Preferred Qualifications:

  • Master's degree in business administration, finance, accounting, or related discipline.

  • Understanding of multiple budget models and experience working across centralized, hybrid, and decentralized environments.

  • Experience with contract negotiation and municipal finance.

  • Systems implementation experience, specifically Workday.

Preferred Qualifications

Education:

Master's degree - Accounting, Master's degree - Business Administration, Master's degree - Finance


Certifications/Professional Licenses:

Certified Public Accountant (CPA) - American Institute of Certified Public Accountants, Certified Public Accountant (CPA) - Illinois Department of Financial and Professional Regulation, Certified Public Accountant (CPA) - Missouri Division of Professional Registration


Work Experience:

Central Leadership Role Within Academic Medicine (10 Years)


Skills:

Communication, Decision Making, Finance Tools, Financial Acumen, Financial Analysis, Financial Management Reporting, Financial Management System (FMS), Financial Modeling, Financial Principles, Financial Systems, Leadership, Operating Principles, Performance Measurement, Policy Development, Quality Control (QC), Risk Analysis, Risk Management Principles, Strategic Advisory, Support Management, Systems Development, Workday HCMGradeG00Questions

For frequently asked questions about the application process, please refer to our External Applicant FAQ.

Accommodation

If you are unable to use our online application system and would like an accommodation, please emailCandidateQuestions@wustl.eduor call the dedicated accommodation inquiry number at 314-935-1149 and leave a voicemail with the nature of your request.

All qualified individuals must be able to perform the essential functions of the position satisfactorily and, if requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions of their job, absent undue hardship.Pre-Employment ScreeningAll external candidates receiving an offer for employment will be required to submit to pre-employment screening for this position. The screenings will include criminal background check and, as applicable for the position, other background checks, drug screen, an employment and education or licensure/certification verification, physical examination, certain vaccinations and/or governmental registry checks. All offers are contingent upon successful completion of required screening.Benefits StatementWashington University in St. Louis is committed to providing a comprehensive and competitive benefits package to our employees. Benefits eligibility is subject to employment status, full-time equivalent (FTE) workload, and weekly standard hours. Please visit our website at https://hr.wustl.edu/benefits/ to view a summary of benefits.EEO StatementWashington University in St. Louis is committed to the principles and practices of equal employment opportunity. It is the University's policy to provide equal opportunity and access to persons in all job titles without regard to race, ethnicity, color, national origin, citizenship (where prohibited by federal law), age, religion, sex, sexual orientation, gender identity or expression, disability, protected veteran status, or genetic information.

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About Washington University in St. Louis

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Washington University in St. Louis, often simply known as WashU, is a prestigious private research university in the United States. Headquartered in Saint Louis, Missouri, the university operates within the Education industry offering an array of undergraduate and postgraduate programs encompassing various areas like arts, sciences, business, design, medicine, and engineering. Established in 1853, the university has a storied past rooted in determination, resilience, and commitment to knowledge and innovation.

Industry

Colleges, universities, and professional schools

Company size

10,000+ Employees

Headquarters location

Saint Louis, MO, US

Year founded

1853