While full-time faculty members took home 4.1% more money in their pay packets in 2021-22, in real terms – ie, after inflation – America’s higher education faculty saw their pay drop by 2.4% over the same period. Combined with declines dating back to fall 2019, professors and instructors have lost 7.5% in their income adjusted for inflation. Over the same period, presidents’ salaries rose 9.6% and chief financial officers’ (CFOs) pay rose by 12.7%.
