Students kicked off a month of protests as yesterday marked “vice-chancellor’s pay day” — the time it took university bosses to earn as much as some of their employees do annually.

Students at Oxford University were the first to take action as the university’s head Andrew Hamilton had already raked in more than £14,000 in the first 12 days of the year.

Meanwhile the lowest pay grade for full-time staff at the university is currently £14,959 a year.