Faculty Salary By Academic Rank at LIM College
The 2023 average faculty salary is $60,065 at LIM College across all academic ranks. LIM's faculty salary increased by 4.35% compared to the 2022 salary.
At LIM College, by academic rank:
- The Professor salary is $87,432 over 2 Professors.
- The Associate professor salary is $70,302, a -4.79% decrease from last year (-$3,536).
- The Assistant professor salary is $64,256, a 7.43% increase from last year (+$4,443).
- The Instructor salary is $52,275, a 2.50% increase from last year (+$1,275).
- The Lecturer salary is $48,637, a 5.91% increase from last year (+$2,713).
Faculty Salary By Gender
The following tables show the average faculty salary by academic rank and gender at LIM College.
At LIM, the average male faculty's salary is $60,953 and female faculty's is $59,287. The difference in salary between male and female faculty $1,666, with male faculty' annual salary being 2.81% higher than that of female faculty.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $60,065 +$2,505 (4.35%) |
$60,953 +$3,004 (5.18%) |
$59,287 +$1,960 (3.42%) | ||
| 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 | $80,086 +$3,339 (4.35%) |
$81,271 +$4,006 (5.18%) |
$79,049 +$2,613 (3.42%) | ||
The average salary for LIM's 2 Professor is $87,432. By gender, the average male professor salary is $84,218, and that of female professor is $90,647. The salary difference between male and female professor is $6,429, which means male professor's salary is 7.09% lower than female professor's salary.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $87,432 | $84,218 | $90,647 | ||
| 9-Month Contract | No Professor with 9-Month Contract | ||||
| 10-Month Contract | No Professor with 10-Month Contract | ||||
| 11-Month Contract | No Professor with 11-Month Contract | ||||
| 12-Month Contract | $116,577 | $112,290 | $120,863 | ||
The average salary for LIM's 2 Associate professor is $70,302. By gender, the average male associate professor salary is $69,750, and that of female associate professor is $70,854. The salary difference between male and female associate professor is $1,104, which means male associate professor's salary is 1.56% lower than female associate professor's salary.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $70,302 -$3,536 (-4.79%) |
$69,750 -$8,501 (-10.86%) |
$70,854 -$1,513 (-2.09%) | ||
| 9-Month Contract | No Associate professor with 9-Month Contract | ||||
| 10-Month Contract | No Associate professor with 10-Month Contract | ||||
| 11-Month Contract | No Associate professor with 11-Month Contract | ||||
| 12-Month Contract | $93,736 -$4,715 (-4.79%) |
$93,000 -$11,335 (-10.86%) |
$94,472 -$2,017 (-2.09%) | ||
The average salary for LIM's 3 Assistant professor is $64,256. By gender, the average male assistant professor salary is $66,308, and that of female assistant professor is $63,230. The salary difference between male and female assistant professor is $3,078, which means male assistant professor's salary is 4.87% higher than female assistant professor's salary.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $64,256 +$4,443 (7.43%) |
$66,308 +$3,963 (6.36%) |
$63,230 +$5,105 (8.78%) | ||
| 9-Month Contract | No Assistant professor with 9-Month Contract | ||||
| 10-Month Contract | No Assistant professor with 10-Month Contract | ||||
| 11-Month Contract | No Assistant professor with 11-Month Contract | ||||
| 12-Month Contract | $85,674 +$5,923 (7.43%) |
$88,410 +$5,283 (6.36%) |
$84,306 +$6,806 (8.78%) | ||
The average salary for LIM's 1 Instructor is $52,275.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $52,275 +$1,275 (2.50%) |
$52,275 +$1,275 (2.50%) |
- - | ||
| 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 | $69,700 +$1,700 (2.50%) |
$69,700 +$1,700 (2.50%) |
- - | ||
The average salary for LIM's 7 Lecturer is $48,637. By gender, the average male lecturer salary is $51,374, and that of female lecturer is $46,584. The salary difference between male and female lecturer is $4,790, which means male lecturer's salary is 10.28% higher than female lecturer's salary.
| Contract Length | Total | Men | Women | ||
|---|---|---|---|---|---|
| Equated to 9-Month Contract | $48,637 +$2,713 (5.91%) |
$51,374 +$4,499 (9.60%) |
$46,584 +$1,136 (2.50%) | ||
| 9-Month Contract | No Lecturer with 9-Month Contract | ||||
| 10-Month Contract | No Lecturer with 10-Month Contract | ||||
| 11-Month Contract | No Lecturer with 11-Month Contract | ||||
| 12-Month Contract | $64,849 +$3,618 (5.91%) |
$68,499 +$5,999 (9.60%) |
$62,112 +$1,515 (2.50%) | ||
Faculty Salary Changes over Past 5 Years
The average salary for LIM faculty has increased 5.45%, from $56,789 to $60,065. Professor salaries decreased by 0%, associate professor salaries decreased by 11.74%, and assistant professor salaries increased by 4.35% at LIM College.
| Year | All Faculty | Professor | Associate Professor | Assistant Professor | Instructor |
|---|---|---|---|---|---|
| 2019 | $56,789 | - | $78,553 | $61,461 | $51,000 |
| 2020 | $57,794 1.77% | - | $74,070 5.71% | $64,247 4.53% | $51,000 - |
| 2021 | $56,494 2.25% | - | $69,776 5.80% | $58,716 8.61% | $51,000 - |
| 2022 | $57,560 1.89% | - | $73,838 5.82% | $59,813 1.87% | $51,000 - |
| 2023 | $60,065 4.35% | $87,432 | $70,302 4.79% | $64,256 7.43% | $52,275 2.50% |
| 5 Years Change | $3,276 5.45% | - - | -$8,251 11.74% | $2,795 4.35% | $1,275 2.44% |
How LIM Faculty Salary Compared?
LIM's average faculty salary is $60,065. LIM's faculty salary is lower than the national average faculty salary at four-years colleges ($69,937). Its salary is also lower than the average salary ($72,525) of four-years colleges in New York.
LIM College is a School of business and management according to the Carnegie Classification. When compared School of business and management, its salary is lower than national average and slightly lower than New York School of business and management.
| Average Faculty Salary | |
|---|---|
| LIM College | $60,065 |
| School Of Business And Management | $70,901 |
| New York School Of Business And Management | $66,588 |
| National Average (Four-years Colleges) | $69,937 |
| Four-years New York Colleges | $72,525 |