M E M O R A N D U M
January 26, 2001
US News and World Report: Faculty Resources Rank
Academic Council has requested additional information on the Faculty Resources category of the US News and World Report ranking of colleges. Currently US News employs six categories with varying scales that generate the overall score for an institution.
As indicated in Table #1,
the Faculty Resources category accounts for 20% of an institution's overall
score. Academic Reputation and Graduation/Retention categories each
account for 25% of the total score, while Student Selectivity, Alumni Giving,
and Financial Resources each account for 15%, 5%, and 10% of the total
score (respectively). Also provided in Table #1 is a brief description
for each category. For example, the Graduation/Retention category
is composed of two sub-categories and uses a three-year average in the
calculation for its score; Faculty Resources is composed of six sub-categories
and uses a two-year average in the calculation for its score. Further
details for each category can be found on the attachment labeled Definitions
(taken directly from US News and World Report's web site).
See attachment Southern Regional Universities for rankings
and scores of the top eleven southern regional universities as defined
by US News and World Report.
Total Score Composition
As indicated in Table #2,
the Faculty Resources category is composed of six sub-categories; (1) faculty
compensation, (2) percent of faculty with a terminal degree, (3) percent
of faculty that are fulltime, (4) student/faculty ratio, (5) number of
classes with less than 20 students, and (6) number of classes with 50 or
more students. Also indicated in Table #2 is each sub-category's
composition of the Faculty Resources category score. For example,
faculty compensation accounts for 35% of this category's score, while percent
of faculty that are fulltime and the student/faculty ratio each account
Faculty Resources Category
Faculty Compensation is defined as the total average pay, benefits, and cost-of-living adjustment (COLA), each for a two-year average. COLA figures are based upon indexes from Runzheimer International. US News and World Report will not release faculty compensation figures.
On the attachment labeled Faculty Salaries, there are three charts indicating 1999-2000 AAUP reported figures. Chart #1 indicates all eleven schools reported faculty salary figures for Full Professor, Associate, and Assistant rank sort by descending salary. Also, at the bottom of each chart is the difference between Elon's figure and the average for that group. In Chart #1, Elon's reported figures for Full Professor and Associate are 10th out of eleven and its figure for Assistant is 5th out of eleven. The difference between average Full Professor, Associate, and Assistant salary and Elon's salaries are $9,082, $3,984, and $244 respectively.
Chart #2 eliminates all institutions that have a law school. Chart #2 also indicates reported faculty salary figures for Full Professor, Associate, and Assistant rank sort by descending salary. Elon's reported figures for Full Professor and Associate were 5th out of six and its figure for Assistant is 3rd out of six. The difference between average Full Professor, Associate, and Assistant salary and Elon's salaries are $4,416, $2,987, and $(903) respectively.
Chart #3 indicates 1999-2000
AAUP reported benefits for all eleven schools. Elon's figure for
benefits placed 10th out of eleven. The difference between average
reported benefits and Elon's benefits is 2.5%.