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Trends in Data

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Starting faculty salaries (nine-month basis) for assistant professors of business administration at a major Midwestern university follow. Use the CPI to deflate the salary data to constant dollars. Comment on the trend in salaries in higher education as indicated by these data.

Year Starting Salary ($) CPI (1982 -1984 Base)
1970 14,000 38.8
1975 17,500 53.8
1980 23,000 82.4
1985 37,000 107.6
1990 53,000 130.7
1995 65,000 152.4
2000 80,000 172.2
2005 110,000 195.3

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Solution Summary

This solution analyzes the trends in the data provided.

Solution provided by:
Anwesha Ghosh, MSc
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  • MSc, Osmania University
  • MSc, Indian Institute of Technology - Roorkee (I.I.T.-ROORKEE)
  • BSc, Banaras Hindu University
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