How a university (mis)spends its money.

The Center for Labor Research and Studies at Florida International University just released a report documenting changes in the number and salaries of faculty and administrators at FIU over the past decade.  The report can be downloaded HERE.  Some of the bullet points that I came away with:

From 2004 – 2013:

  • the number of students at FIU increased 51.7%.
  • the number of administrators increased by 44.3%,
  • the number of non-tenure track faculty increased by 56.9%
  • the number of tenure track faculty increased by just 7.3%!!
  • The student to faculty ratio increased (a bad thing) by 21% from 24:1 to 30:1 (and that includes all faculty; the student to tenure faculty ratio increased by >35%)

In terms of salary, from 2004 – 2013:

  • the average salary for non-tenure track faculty increased by 4.5%.
  • the average salary for tenure track faculty increased by 9.2%.
  • the average salary for administrators increased by 9.5%.
  • the highest paid person at FIU is the former president, Modesto Maidique, with an annual salary of 515k (why?).
  • The top 30 highest paid persons at FIU are all administrators.

Tution now stands at $6,506 per year for in-state students and $18,905 per year for out-of-state students. This is approximately double what it was in 2003.  Is this tuition increase justified given the rapidly increasing student to faculty ratio?  Is the increasing student enrollment sustainable?  I will leave it up to the reader to make their own conclusions.

Note: The report did not include information on graduate students.  Other data I have seen indicates that the number of graduate students and their salaries have remained stagnant.

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One thought on “How a university (mis)spends its money.

  1. Pingback: Unsustainable growth | upwithclimate

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