The Ontario Sunshine List - Public Sector Salary Disclosure

The names, positions, salaries and total taxable benefits of public sector employees paid $100,000 or more in a calendar year.

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Mikhail Simutin

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Mikhail Simutin served as the Associate Professor of Finance at University of Toronto in 2025, received an annual salary of $593,666.98 and a taxable benefit of $9,447.85, as indicated by the Government of Ontario's Sunshine list. Mikhail has held the same position since 2021 has been receiving six-figure yearly compensation.

$603,114.83

Total paid in 2025

$593,666.98

Salary

$9,447.85

Taxable Benefit

Gender: Male
Male
Very high confidence

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Job Title :   Associate Professor of Finance
Employer :   University of Toronto
Sector :   Universities
Year :   2025

Comparing peers in identical roles within the organization

$603K
Low: $362K Avg: $463K High: $603K

Comparison with other individuals in similar positions in Ontario

$603K
Low: $196K Avg: $399K High: $603K
Bottom 90% Below Average Above Average Top 10%

Between 2010 and 2025, Mikhail experienced an average annual increase of approximately 11.86% in annual salary, including taxable benefits at University of Toronto. By 2025, Mikhail's total pay had risen by 363.39% compared to the pay in 2010. Notably, during Mikhail's tenure as Associate Professor of Finance, there has been a significant 36.52% rise in compensation over the past 4 years. Additional information can be found in the chart and table presented below.

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Annual Compensation Growth for Mikhail Simutin
Year Job Title Salary Taxable Benefit Raise
2025 Associate Professor of Finance $593,667 $9,448 9.31%
2024 Associate Professor of Finance $543,015 $8,720 8.01%
2023 Associate Professor of Finance $505,246 $5,555 13.78%
2022 Associate Professor of Finance $443,058 $5,887 1.63%
2021 Associate Professor of Finance $438,020 $3,741 1.83%
2020 Professor of Finance $429,412 $4,422 -6.35%
2019 Professor of Finance $461,627 $1,641 18.65%
2018 Professor of Finance $388,663 $1,796 18.54%
2017 Professor of Finance $327,969 $1,424 5.08%
2016 Professor of Finance $313,198 $260 24.32%
2015 Professor of Finance $251,065 $1,073 1.18%
2014 Professor of Finance $248,879 $306 -7.32%
2013 Professor of Finance $268,555 $306 14.82%
2012 Professor of Finance $233,861 $306 8.26%
2011 Professor of Finance $215,993 $306 66.19%
2010 Professor of Finance $130,000 $153

The 2025 Sunshine List has 9 employees who held exactly same position title ( Associate Professor of Finance ) in the University of Toronto.

Full Name Salary Taxable Benefit
Claire Celerier $435,081 $5,756
Victor Couture $361,160 $717
Sergei Davydenko $460,889 $251
Redouane Elkamhi $482,136 $1,642
Andrey Golubov $443,372 $126
Jan Mahrt-smith $452,482 $126
Chayawat Ornthanalai $471,984 $251
Mikhail Simutin $593,667 $9,448
Qing Wang $443,181 $298

The 2025 Sunshine List has 14 employees who held comparable positions in Ontario.

10 out of 14 employees

Full Name Job Title Employer Total Paid
Mikhail Simutin Associate Professor of Finance University of Toronto $603,115
Ing-haw Cheng Associate Professor, Finance University of Toronto $537,470
Redouane Elkamhi Associate Professor of Finance University of Toronto $483,779
Chayawat Ornthanalai Associate Professor of Finance University of Toronto $472,236
Sergei Davydenko Associate Professor of Finance University of Toronto $461,140
Jan Mahrt-smith Associate Professor of Finance University of Toronto $452,607
Andrey Golubov Associate Professor of Finance University of Toronto $443,497
Qing Wang Associate Professor of Finance University of Toronto $443,479
Claire Celerier Associate Professor of Finance University of Toronto $440,837
Victor Couture Associate Professor of Finance University of Toronto $361,877