ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS. SALARY SURVEY REPORT Executive Summary

Transcription

1 ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS SALARY SURVEY REPORT Executive Summary Completed for the ACBSP by Dr. Jack McCann and Mr. Matthew Sweet, Lincoln Memorial University School of Business This executive summary provides detailed tables summarizing the results of the ACBSP Salary Survey. Individual tables show the mean, median, maximum and minimum salaries, and number of responses. The Salary Survey is prepared with the cooperation and assistance of ACBSP member institutions and their staffs. ACBSP s salary survey information is voluntary and is not connected formally or informally with ACBSP accreditation. There is no ACBSP accreditation standard related to salaries. Accreditation Council for Business Schools & Programs West 119 th Street Overland Park, KS USA [email protected]

2 Table of Contents List of Tables... 3 Foreword... 5 Preface... 6 Administrative Salaries in the U.S Faculty Salaries in the U.S Combined Faculty... 9 Accounting/Taxation Computer Information Systems/Management Information Systems Economics/Managerial Economics Finance/Banking/Real Estate/ Insurance Management/International Business/Strategic Management Marketing Salaries in the U.S Salaries by Region Region Region Region Region Region Region Region Region Region Region

3 List of Tables Table 1. Participation both Globally and in the U.S Table 2. Administrative Salaries by Title... 7 Table 3.a. Administrative Salaries among Private and Public Schools... 7 Table 3.b. Administrative Salaries among Private and Public Schools... 8 Table 4.a Administrative Salaries by Degree Granting Classification... 8 Table 4.b. Administrative Salaries among Private and Public Schools... 8 Table 5. Faculty Rank by Respondents in the US... 9 Table 6. Percentage of Non-tenure Track Faculty by Rank in the U.S Table 7. Overall Faculty Salaries by Rank... 9 Table 8. Overall Faculty Salaries among Private and Public Schools Table 9.a. Overall Faculty Salaries by Degree Granting Classification Table 9.b. Overall Faculty Salaries by Degree Granting Classification Table 10. Accounting and Taxation Salaries by Rank Table 11. CIS and MIS Salaries by Rank Table 12. Economics Salaries by Rank Table 13. Finance Salaries by Rank Table 14. Management Salaries by Rank Table 15. Marketing Salaries by Rank Table 16. Pay per Credit Hour Table 17. Pay per Credit Hour among Private and Public Schools Table 18. Pay per Credit Hour by Degree Granting Classification Table 19. Responses by ACBSP Region Table 20. Region 1 Administrative Pay by Title Table 21. Region 1 Faculty Pay by Faculty Rank Table 22. Region 1 Pay per Credit Hour Table 23. Region 2 Administrative Pay by Title Table 24. Region 2 Faculty Pay by Faculty Rank Table 25. Region 2 Pay per Credit Hour Table 26. Region 3 Administrative Pay by Title Table 27. Region 3 Faculty Pay by Faculty Rank Table 28. Region 3 Pay per Credit Hour Table 29. Region 4 Administrative Pay by Title Table 30. Region 4 Faculty Pay by Faculty Rank Table 31. Region 4 Pay per Credit Hour Table 32. Region 5 Administrative Pay by Title Table 33. Region 5 Faculty Pay by Faculty Rank Table 34. Region 5 Pay per Credit Hour Table 35. Region 6 Administrative Pay by Title

4 Table 36. Region 6 Faculty Pay by Faculty Rank Table 37. Region 6 Pay per Credit Hour Table 38. Region 7 Administrative Pay by Title Table 39. Region 7 Faculty Pay by Faculty Rank Table 40. Region 7 Pay per Credit Hour Table 41. Region 8 Administrative Pay by Title Table 42. Region 8 Faculty Pay by Faculty Rank Table 43. Region 8 Pay per Credit Hour Table 44. Region 9 Administrative Pay by Title Table 45. Region 9 Faculty Pay by Faculty Rank Table 46. Region 9 Pay per Credit Hour Table 47. Region 10 Administrative Pay by Title Table 48. Region 10 Faculty Pay by Faculty Rank Table 49. Region 10 Pay per Credit Hour

5 Foreword On behalf of the dozens of persons involved in this first ever ACBSP Salary Survey, I begin by thanking our members who participated by their responses. Your time and cooperation are greatly appreciated, and we feel the data collected by the survey is of great value. Thank you also to Dr. Jack McCann and Mr. Matthew Sweet of Lincoln Memorial University for their work in initiating this project, designing the survey instrument, collecting and compiling the data, and preparing this Executive Summary as well as the entire Salary Survey Report. The project was monitored by the ACBSP Member Relations Committee and aims to provide a new level of service for our members. Thank you to the Committee members for their insights and contributions. ACBSP encourages your feedback on both this report and the Salary Survey itself. In keeping with our mission and values, we are committed to continuous improvement and welcome suggestions for changes in the next version of the survey. All of your comments will be shared with the authors of this report and with the Member Relations Committee. Thank you, Eliza Guyol-Meinrath Member Services Manager [email protected] 5

6 Preface This executive summary report details salaries for administrative personnel, faculty, and adjunct faculty both in the U.S and by region within the ACBSP for the academic year. This inaugural study was designed and executed by Dr. Jack McCann, Dean of the School of Business and Mr. Matthew Sweet, Director of Academic Services and Assessment, for the School of Business at Lincoln Memorial University, in collaboration with the Accreditation Council for Business Schools and Programs. Members can purchase the data set in Microsoft Excel Format, which includes each question and the responses to each question, both quantitative and qualitative. The cost of the dataset is $50.00 and will be available February 1, For ordering information, please All individual ACBSP members were invited to participate in this survey. This report includes both the U.S. members as well as responses by region. There are ten regions in ACBSP: Region 1 Northeastern Council Region 2 Eastern Council Region 3 Southeastern Council Region 4 Great Lakes Council Region 5 Midwestern Council Region 6 Southwestern Council Region 7 Western Council Region 8 International Council Region 9 Latin American Council Region10 South Asia Council The survey was administered through SurveyMonkey.com, accessible through a link sent via to 9,378 individual members. Of those surveyed, 1,375 responded. Respondents are summarized in the table below: Table 1. Participation both Globally and in the U.S. ACBSP Global Global U.S. U.S. U.S. percent Global Number percent Number Membership Responding Membership Responding Responding Responding Private Institutions 4, % 4, % Public Institutions 2, % 2, % No Classification 2, % % Total 9,378 1, % 7,431 1, % 6

7 Salary information was collected to the nearest whole dollar. Administrative salaries were collected on a 12-month basis, while faculty salaries were collected on a 9-month equivalency. salaries were collected on a pay per credit hour basis. In the instances where no data was provided, the fields are populated with -- to indicate no data reported. For faculty, salary data was collected and is reported based upon the following nine fields of specialization: Accounting/Taxation CIS/MIS Economics/Managerial Economics Finance/Banking/Real Estate/Insurance Management/International Business/Strategic Management Marketing Production/Operations Management Quantitative Methods/Operations Research/Statistics Other Administrative Salaries in the U.S. Table 2. Administrative Salaries by Title Mean 111,729 93,443 80,434 76,891 70,146 Median 105,000 91,000 78,000 75,000 65,000 Min 60,000 53,000 45,000 25,000 36,000 Max 210, , , , ,000 N Table 3.a. Administrative Salaries among Private and Public Schools Dean Associate Dean Assistant Dean Private Public Private Public Private Public Mean 115, ,438 93,423 95,400 74,308 93,708 Median 114,000 94,500 87, ,000 72, ,000 Min 60,000 68,000 63,000 53,000 45,000 65,250 Max 210, , , , , ,000 N *Please, note that the above omits those who indicated their institution type as Other. 7

8 Table 3.b Administrative Salaries among Private and Public Schools Chair Director Private Public Private Public Mean 70,423 84,658 70,667 67,414 Median 70,000 85,000 65,000 64,829 Min 25,000 51,150 36,000 45,000 Max 130, , ,000 95,000 N *Please, note that the above omits those who indicated their institution type as Other. Table 4.a Administrative Salaries by Degree Granting Classification Dean Associate Dean Assistant Dean Assoc. Bac. Bac. + Grad Assoc. Bac. Bac. + Grad Assoc. Bac. Bac. Grad Mean 87, , ,685 75, , ,500 78,779 Median 86, , ,000 75, , ,500 75,000 Min 68,000 92,000 60,000 53, , ,000 45,000 Max 152, , ,000 98, , , ,000 N *no responses Table 4.b Administrative Salaries by Degree Granting Classification Chair Director Assoc. Bac. Bac. + Grad Assoc. Bac. Bac. + Grad Mean 71,381 70,961 79,192 57,329 50,000 72,227 Median 75,000 70,000 75,000 57,329 50,000 67,500 Min 45,000 40,000 25,000 45,000 50,000 36,000 Max 85,000 96, ,000 69,657 50, ,000 N

9 Faculty Salaries in the U.S. Combined Faculty Table 5. Faculty Rank by Respondents in the US U.S. Number Responding percentage of Total Professor Associate Professor Assistant Professor Instructor Other Total Table 6. Percentage of Non-tenure Track Faculty by Rank in the U.S. Rank Number Percent of Non-tenure Track Professor Associate Professor Assistant Professor Instructor Table 7. Overall Faculty Salaries by Rank Mean 52,671 62,829 70,336 81,563 Median 49,000 60,000 65,500 80,000 Min 36,000 31,500 32,000 20,000 Max 87, , , ,000 N

10 Table 8. Overall Faculty Salaries among Private and Public Schools Private Public Private Public Private Public Private Public Mean 50,564 53,069 62,786 62,176 69,299 72,207 81,686 81,961 Median 48,250 49,750 60,000 58,000 65,500 65,000 80,000 80,000 Min 38,250 36,000 31,500 38,000 32,000 40,000 25,000 30,000 Max 86,000 87, , , , , , ,000 N *Please, note that the above omits those who indicated their institution type as Other. Table 9.a. Overall Faculty Salaries by Degree Granting Classification Instructor Assistant Professor Assoc. Bac. Bac. + Grad Assoc. Bac. Bac. + Grad Mean 54,315 47,358 54,963 52,791 60,516 52,775 Median 52,200 49,150 53,400 47,150 52,709 46,700 Min 36,000 36,000 36,000 41,760 41,760 41,760 Max 87,238 52,000 87,238 77, ,000 77,000 N Table 9.b. Overall Faculty Salaries by Degree Granting Classification Associate Associate Professor Professor Baccalaureate + Baccalaureate Grad Associate Baccalaureate Baccalaureate + Grad Mean 61,586 64,595 59,775 77,520 74,359 78,444 Median 58,800 60,300 57,600 73,000 71,809 73,000 Min 40,000 35,250 40,000 30,000 38,250 44,700 Max 113, ,000 82, , , ,000 N

11 Accounting/Taxation Table 10. Accounting and Taxation Salaries by Rank Mean 53,541 62,198 72,111 81,242 Median 49,250 56,000 69,000 80,000 Min 36,000 42,000 33,750 25,000 Max 87, , , ,000 N Computer Information Systems/Management Information Systems Table 11. CIS and MIS Salaries by Rank Mean 44,744 62,551 69,013 83,095 Median 43,600 65,558 62,000 79,869 Min 36,000 31,500 40,000 38,250 Max 54,000 87, , ,000 N Economics/Managerial Economics Table 12. Economics Salaries by Rank Mean 51,821 57,479 67,596 77,651 Median 51,157 60,000 65,500 68,809 Min 36,000 42,000 54,000 44,700 Max 72,000 75,000 93, ,000 N

12 Finance/Banking/Real Estate/ Insurance Table 13. Finance Salaries by Rank Mean -- 73,702 77,428 85,318 Median -- 70,000 76,000 82,000 Min -- 46,000 35,250 25,000 Max , , ,000 N *no responses Management/International Business/Strategic Management Table 14. Management Salaries by Rank Mean 52,859 61,981 65,961 82,772 Median 49,000 60,000 65,000 85,000 Min 38,250 41,500 32,000 20,000 Max 86,000 92, , ,000 N Marketing Table 15. Marketing Salaries by Rank Mean 57,257 60,202 73,929 84,856 Median 50,750 57,000 72,000 83,000 Min 40,000 38,000 46,000 60,000 Max 81, , , ,000 N

13 Salaries in the U.S. Table 16. Pay per Credit Hour Mean 605 Median 600 Min 15 Max 2,042 N 63 Table 17. Pay per Credit Hour among Private and Public Schools Private Public Mean Median Min Max 2,042 1,675 N *Please, note that the above omits those who indicated their institution type as Other. Table 18. Pay per Credit Hour by Degree Granting Classification Assoc. Bac. Bac. + Grad Mean Median Min Max 1, ,042 N

14 Salaries by Region Table 19. Responses by ACBSP Region Region 1 Number percent Region Region Region Region Region Region Region Region Region Region Other/Unknown Total 1, Table 20. Region 1 Administrative Pay by Title Mean 122,000 85,000 70,750 78,600 68,000 Median 121,000 85,000 72,500 72,000 66,000 Min 93,000 85,000 45,000 60,000 45,000 Max 147,000 85,000 93, ,000 95,000 N Table 21. Region 1 Faculty Pay by Faculty Rank Mean 48,544 69,996 75,779 82,771 Median 48,500 66,000 77,500 84,000 Min 40,000 38,340 32,000 44,000 Max 53, , , ,500 N

15 Table 22. Region 1 Pay per Credit Hour Mean 571 Median 600 Min 50 Max 1,100 N 7 Region 2 Table 23. Region 2 Administrative Pay by Title Mean 122, , Median 125, , Min 80, , Max 165, , N *no responses Table 24. Region 2 Faculty Pay by Faculty Rank Mean 43,050 69,794 76,894 84,279 Median 43,050 72,500 75,000 87,900 Min 42,600 47,560 33,750 30,000 Max 43,500 96, , ,000 N Table 25. Region 2 Pay per Credit Hour Mean 600 Median 600 Min 600 Max 600 N 1 15

16 Region 3 Table 26. Region 3 Administrative Pay by Title Mean 91, ,451 93,333 73,775 47,200 Median 92,000 99,402 97,500 75,000 36,000 Min 60,000 63,000 72,000 40,000 36,000 Max 116, , ,000 94,000 70,000 N Table 27. Region 3 Faculty Pay by Faculty Rank Mean 51,585 54,108 62,721 71,887 Median 47,750 52,000 60,000 68,469 Min 36,000 31,500 44,800 5,600 Max 75,500 89, , ,000 N Table 28. Region 3 Pay per Credit Hour Mean 769 Median 570 Min 50 Max 1,675 N 6 Region 4 Table 29. Region 4 Administrative Pay by Title Mean 116,115 93,667 79,000 84,825 63,250 Median 115,000 85,000 75,000 81,773 60,500 Min 70,000 80,000 62,000 60,000 50,000 Max 200, , , ,000 82,000 N

17 Table 30. Region 4 Faculty Pay by Faculty Rank Mean 68,592 64,494 68,053 90,861 Median 68,500 60,000 65,232 90,000 Min 55,000 42,000 40,000 44,500 Max 87, , , ,000 N Table 31. Region 4 Pay per Credit Hour Mean 430 Median 550 Min 66 Max 750 N 5 Region 5 Table 32. Region 5 Administrative Pay by Title Mean 107,795 71,833 80,000 69,333 78,131 Median 102,103 75,000 60,000 73,000 75,000 Min 70,000 53,000 55,000 45,000 65,000 Max 148,000 87, ,000 90, ,000 N Table 33. Region 5 Faculty Pay by Faculty Rank Mean 49,751 60,720 76,875 82,245 Median 46,925 55,500 73,000 80,000 Min 28, ,564 38,250 Max 81, , , ,300 N

18 Table 34. Region 5 Pay per Credit Hour Mean 451 Median 600 Min 20 Max 850 N 11 Region 6 Table 35. Region 6 Administrative Pay by Title Mean 103, , ,146 78,333 Median 104, , ,500 75,000 Min 63, , ,150 65,000 Max 135, , ,000 95,000 N *no responses Table 36. Region 6 Faculty Pay by Faculty Rank Mean 48,209 72,699 73,038 77,409 Median 45,000 69,000 70,000 78,000 Min 36,000 45,146 42,900 20,000 Max 62, , , ,000 N Table 37. Region 6 Pay per Credit Hour Mean 535 Median 475 Min 125 Max 1,400 N 8 18

19 Region 7 Table 38. Region 7 Administrative Pay by Title Mean 119,818 96,829 65,125 78,313 69,000 Median 120,000 91,000 65,125 75,250 63,000 Min 71,000 82,000 65,000 25,000 60,000 Max 210, ,000 65, ,000 80,000 N Table 39. Region 7 Faculty Pay by Faculty Rank Mean 68,456 66,536 65,009 83,672 Median 85,000 58,000 62,650 82,000 Min 39,000 45,824 57,375 60,000 Max 86, ,000 80, ,000 N Table 40. Region 7 Pay per Credit Hour Mean 826 Median 675 Min 250 Max 2,042 N 9 Region 8 Table 41. Region 8 Administrative Pay by Title Mean 145, , ,000 19,000 Median 145, , ,000 19,000 Min 110, , ,000 12,000 Max 180, , ,000 26,000 N

20 Table 42. Region 8 Faculty Pay by Faculty Rank Mean 74,008 33,999 62, ,000 Median 101,000 12,000 45, ,000 Min 18,525 1,000 21, ,000 Max 102,500 83, , ,000 N Table 43. Region 8 Pay per Credit Hour Mean -- Median -- Min -- Max -- N -- *no responses Region 9 Table 44. Region 9 Administrative Pay by Title Mean 46, , Median 46, , Min 46, , Max 46, , N *no responses Table 45. Region 9 Faculty Pay by Faculty Rank Mean 24,000 40,625 25,333 19,700 Median 24,000 40,625 30,000 20,000 Min 24,000 16,250 1,000 5,700 Max 24,000 65,000 45,000 33,400 N

21 Table 46. Region 9 Pay per Credit Hour Mean 40 Median 40 Min 35 Max 45 N 2 Region 10 Table 47. Region 10 Administrative Pay by Title Mean Median Min Max N *no responses Table 48. Region 10 Faculty Pay by Faculty Rank Mean -- 11,040 10,903 28,500 Median -- 11,000 10,165 28,500 Min -- 9,200 6,545 25,000 Max -- 13,500 16,000 32,000 N *no responses Table 49. Region 10 Pay per Credit Hour Mean -- Median -- Min -- Max -- N -- *no responses 21