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

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2012-2013

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 2012-2013 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 11520 West 119th Street

Overland Park, KS 66213 USA info@acbsp.org

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2 Table of Contents

List of Tables ... 3

Foreword ... 5

Preface... 6

Administrative Salaries in the U.S. ... 7

Faculty Salaries in the U.S. ... 9

Combined Faculty ... 9

Accounting/Taxation ... 11

Computer Information Systems/Management Information Systems ... 11

Economics/Managerial Economics ... 11

Finance/Banking/Real Estate/ Insurance ... 12

Management/International Business/Strategic Management ... 12

Marketing ... 12

Adjunct Salaries in the U.S. ... 13

Salaries by Region ... 14 Region 1 ... 14 Region 2 ... 15 Region 3 ... 16 Region 4 ... 16 Region 5 ... 17 Region 6 ... 18 Region 7 ... 19 Region 8 ... 19 Region 9 ... 20 Region 10 ... 21

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3 List of Tables

Table 1. Participation both Globally and in the U.S. ... 6

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. ... 9

Table 7. Overall Faculty Salaries by Rank ... 9

Table 8. Overall Faculty Salaries among Private and Public Schools ... 10

Table 9.a. Overall Faculty Salaries by Degree Granting Classification ... 10

Table 9.b. Overall Faculty Salaries by Degree Granting Classification ... 10

Table 10. Accounting and Taxation Salaries by Rank ... 11

Table 11. CIS and MIS Salaries by Rank ... 11

Table 12. Economics Salaries by Rank... 11

Table 13. Finance Salaries by Rank ... 12

Table 14. Management Salaries by Rank ... 12

Table 15. Marketing Salaries by Rank ... 12

Table 16. Adjunct Pay per Credit Hour ... 13

Table 17. Adjunct Pay per Credit Hour among Private and Public Schools ... 13

Table 18. Adjunct Pay per Credit Hour by Degree Granting Classification ... 13

Table 19. Responses by ACBSP Region ... 14

Table 20. Region 1 Administrative Pay by Title ... 14

Table 21. Region 1 Faculty Pay by Faculty Rank ... 14

Table 22. Region 1 Adjunct Pay per Credit Hour ... 15

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4

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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 2012-2013 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 913-339-9356

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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 2012-2013 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, 2013. For ordering information, please email matthew.sweet@lmunet.edu .

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 email 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 Membership Global Number Responding Global percent Responding U.S. Membership U.S. Number Responding U.S. percent Responding Private Institutions 4,602 801 17.4% 4,523 719 15.9% Public Institutions 2,759 554 20.1% 2,711 498 18.4% No Classification 2,017 20 1.0% 197 19 9.6% Total 9,378 1,375 14.7% 7,431 1,236 16.6%

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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. Adjunct 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

Dean Associate Dean Assistant Dean Chair Director 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 210,000 140,000 125,000 154,000 115,000

N 121 21 19 59 25

Table 3.a. Administrative Salaries among Private and Public Schools

Dean Associate Dean Assistant Dean

Private Public Private Public Private Public

Mean 115,863 105,438 93,423 95,400 74,308 93,708

Median 114,000 94,500 87,500 100,000 72,000 100,000

Min 60,000 68,000 63,000 53,000 45,000 65,250

Max 210,000 185,000 140,000 116,000 125,000 104,000

N 73 47 13 7 13 6

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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 130,000 154,000 115,000 95,000

N 31 25 21 4

*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 87,263 115,333 117,685 75,902 -- 95,289 -- 94,500 78,779 Median 86,800 116,000 115,000 75,902 -- 91,000 -- 94,500 75,000 Min 68,000 92,000 60,000 53,000 -- 63,000 -- 89,000 45,000 Max 152,000 147,000 210,000 98,803 -- 140,000 -- 100,000 125,000 N 23 9 89 2 -- 19 -- 2 17 *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 96,000 154,000 69,657 50,000 115,000

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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 266 33.25 Associate Professor 231 28.88 Assistant Professor 174 21.75 Instructor 88 11.00 Other 41 5.13 Total 804 100.00

Table 6. Percentage of Non-tenure Track Faculty by Rank in the U.S. Rank Number Percent of Non-tenure Track

Professor 81 30.34

Associate Professor 69 29.74 Assistant Professor 79 45.14 Instructor 68 76.40

Table 7. Overall Faculty Salaries by Rank

Instructor Assistant Professor Associate Professor Professor

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 87,238 165,000 121,000 170,000

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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 87,238 165,000 100,000 121,000 114,000 170,000 150,000

N 14 74 117 55 145 84 145 114

*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 77,000 165,000 77,000

N 56 6 43 18 26 5

Table 9.b. Overall Faculty Salaries by Degree Granting Classification

Associate Professor Professor

Associate 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 113,000 110,000 82,000 150,000 103,500 150,000 N 30 42 17 58 24 45

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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 87,238 125,000 114,000 150,000

N 31 44 41 59

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 87,500 120,000 150,000 N 9 12 21 16 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 93,000 115,000

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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 -- 108,000 113,504 170,000 N -- 7 19 21 *no responses

Management/International Business/Strategic Management

Table 14. Management Salaries by Rank

Instructor Assistant Professor Associate Professor Professor 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 92,000 100,000 140,000 N 19 53 67 66 Marketing

Table 15. Marketing Salaries by Rank

Instructor Assistant Professor Associate Professor Professor 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 81,552 100,000 113,000 115,000

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13 Adjunct Salaries in the U.S.

Table 16. Adjunct Pay per Credit Hour

Adjunct Mean 605 Median 600 Min 15 Max 2,042 N 63

Table 17. Adjunct Pay per Credit Hour among Private and Public Schools Private Public Mean 570 724 Median 600 600 Min 15 50 Max 2,042 1,675 N 46 16

*Please, note that the above omits those who indicated their institution type as ‘Other’. Table 18. Adjunct Pay per Credit Hour by Degree Granting Classification

Assoc. Bac. Bac. + Grad

Mean 710 705 605

Median 675 705 600

Min 161 600 15

Max 1,400 810 2,042

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14 Salaries by Region

Table 19. Responses by ACBSP Region

Number percent Region 1 151 10.98 Region 2 103 7.49 Region 3 269 19.56 Region 4 185 13.45 Region 5 240 17.45 Region 6 148 10.76 Region 7 108 7.85 Region 8 44 3.20 Region 9 16 1.16 Region 10 12 0.87 Other/Unknown 99 7.20 Total 1,375 100.00 Region 1

Table 20. Region 1 Administrative Pay by Title

N 8 1 4 5 4

Table 21. Region 1 Faculty Pay by Faculty Rank

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Table 22. Region 1 Adjunct Pay per Credit Hour

Adjunct Mean 571 Median 600 Min 50 Max 1,100 N 7 Region 2

Dean Associate Dean Assistant Dean Chair Director Mean 122,397 120,000 -- 57750 115000 Median 125,000 120,000 -- 66500 115000 Min 80,898 120,000 -- 13000 115000 Max 165,000 120,000 -- 85000 115000 N 15 1 -- 4 1 *no responses

N 2 19 28 16

Adjunct Mean 600 Median 600 Min 600 Max 600 N 1

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Region 3

N 19 4 6 13 5

Instructor Assistant Professor Associate Professor Professor 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 89,490 103,288 140,000

N 34 39 59 38

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N 8 28 33 39

Adjunct Mean 430 Median 550 Min 66 Max 750 N 5 Region 5

N 19 3 3 3 5

Min 28,000 38000 51,564 38,250

Max 81,552 100,000 121,000 122,300

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Dean Associate Dean Assistant Dean Chair Director Mean 103,047 101,667 -- 71,146 78,333 Median 104,500 100,000 -- 72,500 75,000 Min 63,000 100,000 -- 51,150 65,000 Max 135,000 105,000 -- 96,000 95,000 N 14 3 -- 10 3 *no responses

N 11 17 23 46

Adjunct Mean 535 Median 475 Min 125 Max 1,400 N 8

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Region 7

N 11 7 2 8 5

N 7 9 14 19

Dean Associate Dean Assistant Dean Chair Director Mean 145,200 115,000 -- 99,000 19,000 Median 145,200 115,000 -- 88,000 19,000 Min 110,000 115,000 -- 50,000 12,000 Max 180,400 115,000 -- 170,000 26,000

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N 3 9 3 1

Adjunct Mean -- Median -- Min -- Max -- N -- *no responses Region 9

Dean Associate Dean Assistant Dean Chair Director

Mean 46,300 -- -- 85,500 -- Median 46,300 -- -- 85,500 -- Min 46,300 -- -- 85,500 -- Max 46,300 -- -- 85,500 -- N 1 -- -- 1 -- *no responses

Min 24,000 16,250 1,000 5,700

Max 24,000 65,000 45,000 33,400

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Dean Associate Dean Assistant Dean Chair Director

Mean -- -- -- -- -- Median -- -- -- -- -- Min -- -- -- -- -- Max -- -- -- -- -- N -- -- -- -- -- *no responses

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 -- 5 3 2 *no responses

Table 49. Region 10 Adjunct Pay per Credit Hour Adjunct Mean -- Median -- Min -- Max -- N -- *no responses