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Credit: Analyn Delos Santos

Only three college presidents were paid more than Amy Gutmann in 2012, the latest year with available data.

According to the Chronicle of Higher Education, which released its annual survey of executive compensation Monday, Gutmann was paid $2.47 million in 2012 — an 18 percent increase from the year before. She gained two spots from her sixth place ranking in 2011.

Gutmann’s compensation package was larger than any other Penn employee. The second-highest paid employee was CEO of the Health System Ralph Muller , with $2.38 million in total compensation.

Only the presidents of Rensselaer Polytechnic Institute, Quinnipiac University and Columbia University were paid more than Gutmann. RPI president Shirley Ann Jackson led the group with $7.14 million in total compensation.

The Chronicle’s rankings are based on total compensation, not on base salary. Gutmann logged a $1.12 million base salary for 2012.

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