University Rankings by Cost of Living Adjusted Faculty Compensation
International Journal of Management and Marketing Research, Vol. 3, No. 2, 2010
34 Pages Posted: 22 Jan 2010 Last revised: 10 May 2011
Date Written: 2010
In this paper we rank 574 universities based on compensation paid to their faculty. The analysis examines universities both on a raw basis and on a cost of living adjusted basis. Rankings based on salary data and benefit data are presented. In addition rankings based on total compensation are presented. Separate rankings are provided for universities offering different degrees. The results indicate that rankings of universities based on raw and cost of living adjusted data are markedly different. The results suggest that faculty seeking employment opportunities should carefully consider cost of living issues. Administrators should design salary packages that reflect the cost of living conditions in their area in order to attract quality faculty.
Keywords: cost of living, ranking, faculty compensation, higher education salaries, State ranking
JEL Classification: J31, J34
Suggested Citation: Suggested Citation