W&M Faculty Salaries...$88,800 $86,204 $85,638 $90,452 $88,587 $92,277 $96,741 $99,594 $86,877...
Transcript of W&M Faculty Salaries...$88,800 $86,204 $85,638 $90,452 $88,587 $92,277 $96,741 $99,594 $86,877...
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W&M Faculty Salaries
Board of VisitorsApril 2018
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Faculty Salaries Under the Promise
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W&M Faculty Salary Increases FY14-FY18
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FY14
FY15
FY16
FY17
FY18
Total
State State
Planned Actual Authorization Funded Constraints
6%
6%
6%
6%
6%
30%
6%
5.5%
4.5%
3%
3%
22%
3%
0%
2%
0%
2%
7%
−
5.7% drop in
state support
4.5% statutory cap;
2.5% from reallocation
3% statutory cap;
additional budget
reductions
State budget reductions
0.75%
0%
0.5%
0%
0.5%
1.75%
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1.368
1.325
1.232
1.114
0.950
1.000
1.050
1.100
1.150
1.200
1.250
1.300
1.350
1.400
1.450
FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012* FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
Inde
xe
d V
alu
e (
FY
200
7 =
1.0
0)
*VRS participants received a 5% raise in FY 2012 offset by a required 5% VRS contribution.
Increases in Faculty Base Salary Indexed to FY 2007
W&M UVA VT State Actions
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$88,800$86,204 $85,638
$90,452 $88,587$92,277
$96,741$99,594
$96,880
15.3%
18.0%
22.7%
18.4%
20.7%
19.2%
15.7%
17.7%
21.3%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Perc
ent
Gap t
o S
CH
EV
60th
Pcntl.
Goal
Avg.
Faculty S
ala
ry
W&M Avg. Faculty Salaries and Gap to the SCHEV 60th Percentile Goal, FY09-FY17
W&M Difference/Gap to 60th Percentile (%)
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What happened?
• As the composition of W&M faculty has changed to
incorporate more full-time NTE faculty, this has impacted
average faculty salary.
• Fluctuation within the pool (retirements, promotions from one
rank to another, etc.) create some variation from year-to-year.
• The Promise has done a lot, but not as much as originally
hoped.
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7.6% 9.0% 10.2% 10.8% 12.6%92.4% 91.0% 89.8% 89.2%87.4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY2013 FY2014 FY2015 FY2016 FY2017
Composition of Full-Time Instructional Faculty Included in Average Salary
Full Assoc Asst Instr/Lect
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$129,048
$94,800
$70,843
$60,893
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
2009 2010 2011 2012 2013 2014 2015 2016 2017
W&M Avg. Faculty Salaries by Rank, FY09-FY17
Full Associate Assistant Instructor Lecturers
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Faculty Salary Distribution
FY13-FY18
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Continuing Faculty Salary Growth, FY13
10
0%
10%
20%
30%
40%
50%
60%
70%
80%
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000
Cu
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ease
Salary
A&S Law MSOB SOE VIMS
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Continuing Faculty Salary Growth, FY14
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0%
10%
20%
30%
40%
50%
60%
70%
80%
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000
Cu
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Salary
A&S Law MSOB SOE VIMS
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Continuing Faculty Salary Growth, FY15
12
0%
10%
20%
30%
40%
50%
60%
70%
80%
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000
Cu
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ncr
ease
Salary
A&S Law MSOB SOE VIMS
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Continuing Faculty Salary Growth, FY16
13
0%
10%
20%
30%
40%
50%
60%
70%
80%
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000
Cu
m. P
ct. I
ncr
ease
Salary
A&S Law MSOB SOE VIMS
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Continuing Faculty Salary Growth, FY17
14
0%
10%
20%
30%
40%
50%
60%
70%
80%
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000
Cu
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ncr
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Salary
A&S Law MSOB SOE VIMS
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Continuing Faculty Salary Growth, FY18
15
0%
10%
20%
30%
40%
50%
60%
70%
80%
$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000
Cu
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ncr
ease
Salary
A&S Law MSOB SOE VIMS
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~Backup Slides~
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$88,800 $86,204 $85,638$90,452 $88,587
$92,277$96,741 $99,594 $96,880
$103,032 $102,197
$107,387$110,293 $109,589
$114,460$118,094
$121,361 $122,816
$99,912 $100,274$103,496 $104,081
$102,011 $103,194 $104,080$107,645
$109,588
$110,014$111,956
$117,252 $117,548
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Avg
. F
acu
lty S
ala
ry
W&M Avg. Faculty Salaries and Gap to the SCHEV 60th Percentile Goal, FY09-FY17
W&M 60th Pctl.-Private 60th Pctl.-Public 60th Pctl.-Combined
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$88,800 $86,204 $85,638 $90,452 $88,587 $92,277 $96,741 $99,594
$86,877
$105,903
$111,289
$117,252
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016
Avg.
Fa
cu
lty S
ala
ry
Avg. Faculty Salaries Among Research Universities, FY09-FY16
W&M R2 (Higher Research)-60th pctl. R1 (Highest Research)-60th pctl.
USNWR Top 100-60th pctl. SCHEV-60th pctl.
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19
12.4%12.9%
13.6%
14.7%
0%
2%
4%
6%
8%
10%
12%
14%
16%In
cre
ase
in A
vg.
Fa
cu
lty S
ala
ry, F
Y1
3 t
o F
Y1
6
Note: Yeshiva U. excluded due to apparent data error (45% increase from FY15 to FY 16).
Percentage Increase in Avg. Faculty Salary, FY13 to FY16
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0.000
0.050
0.100
0.150
0.200
0.250
0.300
0.350
2009 2010 2011 2012 2013 2014 2015 2016 2017
Perc
entile
Rank A
mong S
CH
EV
Peers
Percentile Rank among SCHEV Peer Group of W&M Avg. Faculty Salaries by Rank, FY09-FY17
Full Professors Associate Professors Assistant Professors