Faculty Salary By Academic Rank at Laurel Business Institute
The 2023 average faculty salary is $38,278 at Laurel Business Institute across all academic ranks. LBI's faculty salary decreased by 3.58% compared to the 2022 salary.
At Laurel Business Institute, by academic rank:
- The Instructor salary is $38,278, a -3.58% decrease from last year (-$1,423).
Faculty Salary By Gender
The following tables show the average faculty salary by academic rank and gender at Laurel Business Institute.
At LBI, the average male faculty's salary is $36,740 and female faculty's is $39,201. The difference in salary between male and female faculty $2,461, with male faculty' annual salary being 6.28% lower than that of female faculty.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $38,278 -$1,423 (-3.58%) |
$36,740 -$1,845 (-4.78%) |
$39,201 -$1,108 (-2.75%) | ||
| 9-Month Contract | No Faculty with 9-Month Contract | ||||
| 10-Month Contract | No Faculty with 10-Month Contract | ||||
| 11-Month Contract | No Faculty with 11-Month Contract | ||||
| 12-Month Contract | $51,037 -$1,897 (-3.58%) |
$48,987 -$2,460 (-4.78%) |
$52,267 -$1,478 (-2.75%) | ||
The average salary for LBI's 24 Instructor is $38,278. By gender, the average male instructor salary is $36,740, and that of female instructor is $39,201. The salary difference between male and female instructor is $2,461, which means male instructor's salary is 6.28% lower than female instructor's salary.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $38,278 -$1,423 (-3.58%) |
$36,740 -$1,845 (-4.78%) |
$39,201 -$1,108 (-2.75%) | ||
| 9-Month Contract | No Instructor with 9-Month Contract | ||||
| 10-Month Contract | No Instructor with 10-Month Contract | ||||
| 11-Month Contract | No Instructor with 11-Month Contract | ||||
| 12-Month Contract | $51,037 -$1,897 (-3.58%) |
$48,987 -$2,460 (-4.78%) |
$52,267 -$1,478 (-2.75%) | ||
Faculty Salary Changes over Past 5 Years
The average salary for LBI faculty has increased 24.14%, from $29,037 to $38,278. Professor salaries decreased by 0%, associate professor salaries decreased by 0%, and assistant professor salaries decreased by 0% at Laurel Business Institute.
| Year | All Faculty | Professor | Associate Professor | Assistant Professor | Instructor |
|---|---|---|---|---|---|
| 2019 | $29,037 | - | - | - | $29,037 |
| 2020 | $29,627 2.03% | - | - | - | $29,627 2.03% |
| 2021 | $30,237 2.06% | - | - | - | $30,237 2.06% |
| 2022 | $39,701 31.30% | - | - | - | $39,701 31.30% |
| 2023 | $38,278 3.58% | - | - | - | $38,278 3.58% |
| 5 Years Change | $9,241 24.14% | - - | - - | - - | $9,241 24.14% |
How LBI Faculty Salary Compared?
LBI's average faculty salary is $38,278. LBI's faculty salary is much lower than the national average faculty salary at 2-4 years colleges ($58,760). Its salary is lower than the average salary of 2-4 years colleges in Pennsylvania.
Laurel Business Institute is a Associate's - Public Urban-serving Multicampus according to the Carnegie Classification. When compared Associate's - Public Urban-serving Multicampus, its salary is much lower than national average and lower than Pennsylvania Associate's - Public Urban-serving Multicampus.
| Average Faculty Salary | |
|---|---|
| Laurel Business Institute | $38,278 |
| Associate's - Public Urban-serving Multicampus | $51,434 |
| Pennsylvania Associate's - Public Urban-serving Multicampus | $43,551 |
| National Average (2-4 Years Colleges) | $58,760 |
| 2-4 Years Pennsylvania Colleges | $46,703 |