COLUMBIA — The average salary increase for 1,332 full-time professors at MU this year was 4.61 percent, a Missourian analysis of salary data shows.
Average raises from fiscal year 2007 to 2008 were 1.61 percent more than the 3 percent baseline allocated by the university.
MU is trying to elevate faculty compensation to be more competitive with similar institutions. The university also brings in additional funding, such as grants and endowments, to improve salaries.
Sources of faculty salaries vary from one academic division to another each year. State money is the primary funding source. Tuition, supplemental fees, grants, gifts, endowments and professional practice income such as clinical services also help fund salaries. Academic divisions can also apply for additional state funds from the provost’s office, which makes allocations based on assessment of need.
Among the 12 academic divisions at MU, the Law School faculty received the biggest average faculty raises this year — 7.84 percent. Next were the School of Nursing, with 7.05 percent, and the College of Engineering, with 6.47 percent. Five divisions received average raises between 4 and 6 percent. Four divisions fell between 3 and 4 percent.
The School of Veterinary Medicine ranked at the bottom with an average increase of 3.26 percent.
The MU fiscal year begins July 1, and university employee salary changes are effective Sept. 1. David R. Russell, custodian of records for the university, provided the report.
Only full-time faculty who appeared on both 2007 and 2008 salary reports were included in the data analysis. Excluded were faculty with position changes, those who received additional administrative assignments in fiscal year 2008, emeritus professors, visiting professors, adjunct professors, chairs and deans.
Both regular and nonregular faculty members were included in the comparison in some divisions, as they have the same salary sources.
Associate professors, assistant professors and full professors make up the pool of regular ranked faculty. Nonregulars include clinical assistant professors, clinical associate professors, clinical professors and research associate professors.
Faculty members with both 9-month and 12-month appointments were included in the analysis.
Mean salary increases were computed by aggregating faculty within each division and averaging their percentage increases. The university allocated a 3 percent increase to faculty this year as part of the Compete Missouri project. The project aims to bring faculty salaries up by 4 percent and put MU in a more competitive position among 33 public Association of American Universities institutions.
MU ranked second from the bottom in average salaries of ranked faculty among those institutions in the fall of 2006. Only the University of Oregon had a lower set of salaries.
Over a 10-year period — 1997 to 2006, the average salaries for ranked faculty at MU rose 20.4 percent, which placed the university at the bottom among the 33 public Association of American Universities institutions. At the top, the University of Maryland at College Park reported an increase of 49.2 percent. The mean increase was 40.9 percent.
Mary Jo Banken, executive director of the MU news bureau, said MU needs more money from the state to realize the 4 percent goal in the next few years.
“Last year the average increase was 2 percent,” Banken said.
Here is a look at the data for each division. The Missourian computed 2007-08 salary increases for full-time professors. The average and median salaries in each division include a mixture of both 9- and 12-month faculty.