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Size (000s) Pitzer College $45,111 University of San Diego $87,953 University of San Francisco $132,462 Scripps College $162,569 Villanova University $173,997 Loyola University of Chicago $198,100 Fordham University $210,793 Occidental College $230,092 Reed College $290,959 Claremont Graduate School $292,155 Pepperdine University $399,400 University of Santa Clara $406,694 University of Miami $426,955 University of Maryland (College Park) $453,146 Boston University $578,473 Baylor University $584,333 Trinity University (Texas) $599,347 Gee Washington University $646,964 Lehigh University $677,761 Saint Louis University $692,126 Southern Methodist University $831,116 Brown University * $1,414,285 Vanderbilt University $2,019,612 Emory University * $4,551,873 Stanford University * $7,613,000 Loyola Marymount $225,374 17 LMU Faculty Pay Practices ? Minimal pay differences exist across schools except for College of Business ? LMU has less pay differentiation across disciplines than is found in the market ? LMU faculty pay reflects similar pression issues as found in the market ? Compression especially prevalent between Associate and Full Professor ranks 18 Market Analysis Findings* ? Market position varies by rank and discipline ? Focus of costing analysis is on Traditional Comparator Group (similar to staff pensation study) ? The most significant market issues involve the following: ? Communication Studies ? School of Education ? Psychology ? Engineering (Civil, Mechanical and Electrical) ? Computer Science ? Mathematics ? Physics ? No market data for some disciplines including all ranks at the School of Film and Television * Detailed market analysis results can be reviewed at the office of the Academic Vice President 19 Competitive Market Practice ? Primary value of survey data is to determine the range of petitive pay for positions rather than to fix pay precisely ? Survey data fluctuate from year to year primarily due to: – Individual incumbent pay differences – Sample size changes (universities join/leave survey) ? LMU considers actual pensation levels for faculty to be petitive to market within plus or minus: ? % for Assistant Professor Level ? % for Associate Professor Level ? % for Full Professor Level 20 Competitive Market Zone Assistant Associate Full Traditional +/ 5% +/ 10% Assistant Associate Full +/ % +/ 10% Aspirational +/ 5% +/ % ? LMU developed petitive market zones for each rank and discipline based on the study’s outes 21 Advantages of Competitive Market Zone ? Market focused ? Links tightly