Faculty salaries rise but remain below other professions
April 8, 1998
Web posted at: 12:10 a.m. EDT (0410 GMT)
WASHINGTON (CNN) - Faculty salaries in the nation's universities increased more last year than they have in a decade.
According to the annual survey taken by the American Association of University Professors, average wages for faculty rose 3.4 percent, or 1.7 percent when adjusted for inflation, from 1996 to 1997.
Average salaries for the 1997-1998 academic year faculty were $61,816 for doctoral institutions, $50,243 for master's-level institutions, $45,163 for four-year baccalaureate institutions and $43,760 for two-year colleges.
Despite last year's rise, professors' wages have declined by 4.4 percent in the last 25 years.
The study's author, Dr. Linda Bell of Haverford College, also concluded that academic salaries are an average of 42 percent less than those of health professionals, lawyers, judges, engineers and natural and computer scientists.
Bell's report comes from salaries of more than 2,600 colleges and universities.