Washington and Lee experiences declining faculty pay compared to peer institutions, but still outperforms with cost-of-living adjustments.
Compensation for W&L faculty has decreased relative to peer institutions since 2016, data from the American Association of University Professors (AAUP) reveals. Still, according to an analysis by W&L’s Human Resources Department, reviewed by The Spectator, faculty pay exceeds that of peer institutions when the cost of living is accounted for.
In 2015, W&L faculty earned approximately the same salaries as faculty at peer institutions. By 2024, they earned an average of $7,700 less. Overall, due to below-inflation raises, inflation-adjusted salaries for faculty fell by an average of $18,600 between 2015 and 2024 at W&L. W&L paid faculty higher salaries than peers prior to the economic uncertainty of the early 2020s.
Washington and Lee experiences declining faculty pay compared to peer institutions, but still outperforms with cost-of-living adjustments.
Compensation for W&L faculty has decreased relative to peer institutions since 2016, data from the American Association of University Professors (AAUP) reveals. Still, according to an analysis by W&L’s Human Resources Department, reviewed by The Spectator, faculty pay exceeds that of peer institutions when the cost of living is accounted for.
In 2015, W&L faculty earned approximately the same salaries as faculty at peer institutions. By 2024, they earned an average of $7,700 less. Overall, due to below-inflation raises, inflation-adjusted salaries for faculty fell by an average of $18,600 between 2015 and 2024 at W&L. W&L paid faculty higher salaries than peers prior to the economic uncertainty of the early 2020s.