Dive Brief:
- Faculty salaries at colleges and universities rose 2.2% during the 2013-2014 school year from the previous school year, according to a report by the American Association of University Professors.
- The average change in salary was bigger for faculty members at private institutions, 2.6%, than at public schools, 2.1%.
- For continuing faculty, the increase was 3.4%, with 3.6% at private schools and 3.3% at publics.
Dive Insight:
The increase for faculty pay is the largest since the 2008-2009 school year, both for the overall and continuing faculty categories. However, the report points out that when inflation is factored in, the overall increase was only 0.7% — the first time faculty salaries have been in positive territory since 2008-2009. The AAUP report also takes statistical swipes at the relative growth of administrative positions and salaries, and the economics of college sports programs. On the latter point: Of the more than 1,000 colleges and universities in the NCAA, only 23 had athletic programs with greater revenues than expenses.