ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

National Champion Michigan is also 'No. 1 diversity university:' report

The University of Michigan spends $30 million annually on staffers related to diversity, equity and inclusion initiatives, according to a new report.

University of Michigan (UM) doesn't just have the nation's top football team, it's also "the No. 1 Diversity University in the country," according to a new report.

On the heels of the Wolverines winning college football's national championship Monday night, The College Fix released an analysis Tuesday that found full-time DEI staff at UM costs the school approximately $30.68 million per year, with $23.24 million for staff salaries and $7.44 million for employee fringe benefits.

"To put that in perspective, $30.68 million would pay in-state tuition and fees ($17,228) for 1,781 undergraduate students," the report noted.

It also found that 13 staff members earned more than $200,000, with the highest going to UM’s vice provost for equity and inclusion & chief diversity officer, Tabbye Chavous Sellers, who earns $402,800.

DEI IS STILL ALIVE AND WELL, AMERICA. DON'T THINK THE BATTLE IS OVER AFTER HARVARD'S NEWS

"In contrast, Michigan’s governor Gretchen Whitmer’s salary is $159,300, and the average salaries for assistant, associate, and full professors at UM are $129,500, $148,300, and $206,500 respectively. Therefore, UM’s chief diversity officer is paid almost 2X more than the average full professor at UM, 2.5X more than the governor, and about 3X more than the average UM assistant or associate professor," the report added.

Sixty-six other DEI officers earned more than $100,000 with the average salary coming in at $96,400. Including fringe benefits, however, up to 144 DEI employees at UM received total compensation worth more than $100,000.

In 2021, Michigan was found to have the highest number of DEI staff members, out of 65 universities the Heritage Foundation studied, at 163. By 2023, the number of personnel had increased to 241, solidifying it as "the No. 1 Diversity University in the country," according to the College Fix.

The report also suggested that the 241 number could be undercounting the DEI presence at the school. The College Fix noted that there are "dozens of diversity-related committees throughout the university in various departments, schools, colleges, and units" that have between eight to 20 members. This could potentially expand the total number of DEI employees to over 500.

MICHIGAN PARENTS SUE SCHOOL DISTRICT, CLAIM IT MODIFIED DOCUMENTS TO CONCEAL DAUGHTER'S TRANSITION

In a statement to Fox News Digital, Michigan spokesperson Colleen Mastony called the report "inaccurate" and "misleading." 

"Diversity, equity and inclusion are core values at the University of Michigan. As such, there is not a specific budget set aside for diversity outreach and recruitment. Most employees working on DEI are not solely dedicated to DEI efforts but do so in addition to their other roles and responsibilities," Mastony said.

"The university’s DEI efforts are appropriate to the size, scope, and complexity of our university – spanning the university, including 51 units over our three campuses, our academic medical center, and our over 100,000 students and employees. Although some work is done centrally, much of it is done at the unit and department level. This is important to ensure that DEI efforts align with and make sense for campus units with very different functions and missions," she added.

CLICK HERE TO GET THE FOX NEWS APP

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.