Keeping up with the Joneses: Faculty salary comparison groups for AACSB-accredited schools

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Keeping up with the Joneses: Faculty salary comparison groups for AACSB-accredited schools

Aggarwal, Praveen; Grant, Joseph

Journal of education for business, 01/2024, Volume: 99, Issue: 1

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Business schools frequently utilize AACSB's Salary Survey (Staff Compensation and Demographic Survey, or the SCDS Report) to benchmark salaries being offered by other schools. While providing averages based on a national sample, the SCDS Report obscures differences that might exist in salary averages between masters-granting and doctoral-granting business schools. In this paper, we demonstrate how these differences inflate salary averages for masters-granting schools and present a step-by-step methodology that all participating AACSB-accredited schools that provide survey data can deploy to get salary data that are more peer-appropriate and reflective of market expectations.

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