W&M Faculty Salaries

Board of VisitorsApril 2018

Faculty Salaries Under the Promise

2

W&M Faculty Salary Increases FY14-FY18

3

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%

4

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

5

$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 (%)

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.

6

7

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

8

$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

Faculty Salary Distribution

FY13-FY18

9

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

m. P

ct. I

ncr

ease

Salary

A&S Law MSOB SOE VIMS

Continuing Faculty Salary Growth, FY14

11

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

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

m. P

ct. I

ncr

ease

Salary

A&S Law MSOB SOE VIMS

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

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

m. P

ct. I

ncr

ease

Salary

A&S Law MSOB SOE VIMS

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

m. P

ct. I

ncr

ease

Salary

A&S Law MSOB SOE VIMS

~Backup Slides~

16

17

$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

18

$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.

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

20

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