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Median Salaries of Chief Financial Officers, 2018-19

Almanac 2019 August 18, 2019

Private nonprofit independent doctoral institutions had the highest median salary for chief financial officers — more than $70,000 greater than the median at public doctoral institutions. At religiously affiliated institutions, median salaries for chief financial officers at master’s and baccalaureate institutions were not as far below the median at doctoral institutions as was the case at public and private independent institutions.

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Private nonprofit independent doctoral institutions had the highest median salary for chief financial officers — more than $70,000 greater than the median at public doctoral institutions. At religiously affiliated institutions, median salaries for chief financial officers at master’s and baccalaureate institutions were not as far below the median at doctoral institutions as was the case at public and private independent institutions.

LevelPublic institutionsPrivate independent institutionsReligiously affiliated institutions
Doctoral $295,200 $366,000 $200,000
Master’s $189,350 $237,000 $188,769
Baccalaureate $133,752 $210,826 $165,420
Associate with academic ranks $133,737 — —
Associate without academic ranks $129,346 — —

Note: Median salaries are based on reports from 602 institutions. A dash indicates that no data were reported. More data on executive and faculty salaries from the American Association of University Professors’ Faculty Compensation Survey can be found here. Questions or comments on the Almanac should be sent to Ruth Hammond.

Source: American Association of University Professors, Faculty Compensation Survey


To purchase a copy of the Almanac in print or as a downloadable interactive PDF, visit the Chronicle Store.

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A version of this article appeared in the August 23, 2019, issue.
Read other items in Administrator & Staff Pay.
We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
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