Salaries for full-time faculty at MU increased 7.1 percent overall for the 2008-09 academic year, according to data provided by the budget office.
Associate professors had the greatest average salary increase, up an average of 7.5 percent.
The salaries of full professors increased 7.4 percent, on average, while the salaries of assistant professors rose 6.6 percent.
The analysis of salary data did not include part-time faculty, those who were on leave with partial or no pay in 2008, or those who were not on the faculty in 2007.
A total of 1,597 associate, assistant and full professors made up the data set.
All salary increases for the current fiscal year were in place last fall, before the economy began to decline and University of Missouri System President Gary Forsee mandated a wage freeze.
"Raising faculty salaries is still a high priority for MU," Deputy Provost Ken Dean said. "The freeze on most increases this year simply delays for a period of time our ability to work toward that goal.
"I fully expect that in fiscal year 2011 we will have, once again, the opportunity to address faculty salaries."
A recent report from the American Association of University Professors indicates that the average salary for ranked faculty at MU remains second to last against the 34 public institutions that are members of the Association of American Universities.
The average salary for all ranked faculty at MU, according to the study, is $81,587.
The AAUP study does not include faculty from the medical school.
At the bottom of the AAUP list is the University of Oregon, where professors have an average salary of $73,277. The public university with the highest average salary for all ranked faculty is the University of California, Los Angeles — $116,780.
The data from the AAUP also show that of the 34 universities, MU ranked No. 31 among average salary figures for full professors, No. 33 among average salaries for associate professors and last among average salaries for assistant professors.
The numbers were provided by John Curtis, director of research and public policy for the AAUP.
The data show that the average salaries of full professors at MU increased 7.39 percent from 1998-99 to 2008-09 after adjusting for inflation.
Compared with the other AAU institutions, that puts MU at No. 26 out of 34 schools when ranking salary increases during that 10-year period.