This year's Annual Report on the Economic Status of the Profession presents findings from the AAUP’s annual Faculty Compensation Survey. The report also describes key institutional finance trends in US higher education and documents the ongoing shift in the makeup of the academic workforce from mostly full-time tenured or tenure-track faculty members to mostly faculty members holding contingent appointments that are ineligible for tenure. From fall 2022 to fall 2023, nominal average salaries for full-time faculty members increased 3.8 percent for all academic ranks combined. However, real average salaries for full-time faculty members are nowhere near prepandemic levels. The Annual Report presents a wide range of data on full-time faculty compensation, including salaries and expenditures for fringe benefits. Economic conditions remain dire for part-time faculty members, who make up just under half (48.7 percent) of the academic workforce. In 2022–23, part-time faculty members earned an average of $3,903 per three-credit course section. The Annual Report presents data on part-time faculty members who were paid on a per-course-section basis, including pay and fringe benefit coverage.
