Faculty Salary By Academic Rank at Ferrum College
The 2023 average faculty salary is $45,232 at Ferrum College across all academic ranks. Ferrum's faculty salary decreased by 6.61% compared to the 2022 salary.
At Ferrum College, by academic rank:
- The Professor salary is $61,462, a 0.61% increase from last year (+$374).
- The Associate professor salary is $49,232, a 0.39% increase from last year (+$190).
- The Assistant professor salary is $41,033, a -14.42% decrease from last year (-$6,914).
- The Instructor salary is $40,440, a 5.96% increase from last year (+$2,276).
- The Lecturer salary is $30,000 over 1 Lecturers, which is same as last year.
Faculty Salary By Gender
The following tables show the average faculty salary by academic rank and gender at Ferrum College.
At Ferrum, the average male faculty's salary is $44,023 and female faculty's is $46,441. The difference in salary between male and female faculty $2,418, with male faculty' annual salary being 5.21% lower than that of female faculty.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $45,232 -$3,200 (-6.61%) |
$44,023 -$4,446 (-9.17%) |
$46,441 -$1,959 (-4.05%) | ||
| 9-Month Contract | $47,925 -$4,923 (-9.32%) |
$45,594 -$8,603 (-15.87%) |
$50,084 -$1,740 (-3.36%) | ||
| 10-Month Contract | $28,800 -$3,827 (-11.73%) |
- - |
$28,800 -$3,827 (-11.73%) | ||
| 11-Month Contract | No Faculty with 11-Month Contract | ||||
| 12-Month Contract | $43,402 +$6,540 (17.74%) |
$49,970 +$9,347 (23.01%) |
$23,700 - | ||
The average salary for Ferrum's 5 Professor is $61,462.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $61,462 +$374 (0.61%) |
- - |
$61,462 +$6,057 (10.93%) | ||
| 9-Month Contract | $61,462 +$374 (0.61%) |
- - |
$61,462 +$6,057 (10.93%) | ||
| 10-Month Contract | No Professor with 10-Month Contract | ||||
| 11-Month Contract | No Professor with 11-Month Contract | ||||
| 12-Month Contract | No Professor with 12-Month Contract | ||||
The average salary for Ferrum's 21 Associate professor is $49,232. By gender, the average male associate professor salary is $51,982, and that of female associate professor is $44,762. The salary difference between male and female associate professor is $7,220, which means male associate professor's salary is 16.13% higher than female associate professor's salary.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $49,232 +$190 (0.39%) |
$51,982 +$5,953 (12.93%) |
$44,762 -$8,498 (-15.96%) | ||
| 9-Month Contract | $54,740 -$2,448 (-4.28%) |
$55,330 +$2,096 (3.94%) |
$53,758 -$8,373 (-13.48%) | ||
| 10-Month Contract | No Associate professor with 10-Month Contract | ||||
| 11-Month Contract | No Associate professor with 11-Month Contract | ||||
| 12-Month Contract | $42,139 +$9,335 (28.46%) |
$54,431 +$17,075 (45.71%) |
$23,700 - | ||
The average salary for Ferrum's 30 Assistant professor is $41,033. By gender, the average male assistant professor salary is $38,049, and that of female assistant professor is $44,017. The salary difference between male and female assistant professor is $5,968, which means male assistant professor's salary is 13.56% lower than female assistant professor's salary.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $41,033 -$6,914 (-14.42%) |
$38,049 -$12,591 (-24.86%) |
$44,017 -$1,954 (-4.25%) | ||
| 9-Month Contract | $42,670 -$8,209 (-16.13%) |
$38,538 -$15,740 (-29.00%) |
$46,801 -$1,725 (-3.55%) | ||
| 10-Month Contract | $28,800 -$3,827 (-11.73%) |
- - |
$28,800 -$3,827 (-11.73%) | ||
| 11-Month Contract | No Assistant professor with 11-Month Contract | ||||
| 12-Month Contract | $46,491 +$795 (1.74%) |
$46,491 +$795 (1.74%) |
- - | ||
The average salary for Ferrum's 5 Instructor is $40,440. By gender, the average male instructor salary is $39,400, and that of female instructor is $42,000. The salary difference between male and female instructor is $2,600, which means male instructor's salary is 6.19% lower than female instructor's salary.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $40,440 +$2,276 (5.96%) |
$39,400 +$1,181 (3.09%) |
$42,000 +$4,000 (10.53%) | ||
| 9-Month Contract | $42,386 +$2,386 (5.97%) |
$42,771 +$1,771 (4.32%) |
$42,000 +$4,000 (10.53%) | ||
| 10-Month Contract | No Instructor with 10-Month Contract | ||||
| 11-Month Contract | No Instructor with 11-Month Contract | ||||
| 12-Month Contract | $43,542 - |
$43,542 - |
- - | ||
The average salary for Ferrum's 1 Lecturer is $30,000.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $30,000 - |
- - |
$30,000 - | ||
| 9-Month Contract | $30,000 - |
- - |
$30,000 - | ||
| 10-Month Contract | No Lecturer with 10-Month Contract | ||||
| 11-Month Contract | No Lecturer with 11-Month Contract | ||||
| 12-Month Contract | No Lecturer with 12-Month Contract | ||||
Faculty Salary Changes over Past 5 Years
The average salary for Ferrum faculty has decreased 18.51%, from $53,603 to $45,232. Professor salaries decreased by 4.59%, associate professor salaries decreased by 16.51%, and assistant professor salaries decreased by 20.21% at Ferrum College.
| Year | All Faculty | Professor | Associate Professor | Assistant Professor | Instructor |
|---|---|---|---|---|---|
| 2019 | $53,603 | $64,283 | $57,361 | $49,324 | $41,051 |
| 2020 | $51,937 3.11% | $61,981 3.58% | $53,121 7.39% | $49,341 0.03% | $42,185 2.76% |
| 2021 | $50,872 2.05% | $59,209 4.47% | $58,747 10.59% | $42,289 14.29% | $42,560 0.89% |
| 2022 | $48,432 4.80% | $61,088 3.17% | $49,042 16.52% | $47,947 13.38% | $38,164 10.33% |
| 2023 | $45,232 6.61% | $61,462 0.61% | $49,232 0.39% | $41,033 14.42% | $40,440 5.96% |
| 5 Years Change | -$8,371 18.51% | -$2,821 4.59% | -$8,129 16.51% | -$8,291 20.21% | -$611 1.51% |
How Ferrum Faculty Salary Compared?
Ferrum's average faculty salary is $45,232. Ferrum's faculty salary is much lower than the national average faculty salary at four-years colleges ($69,937). Its salary is also much lower than the average salary ($72,063) of four-years colleges in Virginia.
Ferrum College is a Baccalaureate's Colleges according to the Carnegie Classification. When compared Baccalaureate's Colleges, its salary is lower than national average and much lower than Virginia Baccalaureate's Colleges.
| Average Faculty Salary | |
|---|---|
| Ferrum College | $45,232 |
| Baccalaureate's Colleges | $57,239 |
| Virginia Baccalaureate's Colleges | $60,311 |
| National Average (Four-years Colleges) | $69,937 |
| Four-years Virginia Colleges | $72,063 |