TIMES HIGHER EDUCATION: Male, 62, and a scientist: meet the typical university leader

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Timothy Devinney, professor and chair of international business at the Alliance Manchester Business School, said management studies had shown that companies “hire internally when they have confidence in their stability but also ensure that they have kept the best people”.

In higher education, this was something more common in the US, where universities were more likely to raise a senior manager’s pay to keep them from leaving. In the UK, “if you want a raise, you invariably have to go out and get an offer from someplace else and then your institution will match it”.