Throughout the pandemic, we watched Australia’s universities cry poor over the loss of international students only to then watch as many posted record surpluses.
Now the University of Melbourne has joined the fold, posting a bumper surplus of $147 million for 2021 – its best result in five years. However, it continues to cry poor as its vice-chancellor, Duncan Maskell, rakes in $1.5 million in pay:
“We expect that revenue will be down $1.4 billion between 2020-2024 compared to pre-pandemic estimates, and we anticipate a large operating deficit for 2022,” [Maskell] said.
