IAHFME Academic Member 2016 Total Annual Earnings

ABSTRACT

This study was conducted to determine the 2016 annual earnings of hospitality financial management educators. Forty-three percent of IAHFME’s members affiliated with educational institutions responded. Annual base salaries ranged from $77,000 to $272,000. The lowest paid member is an assistant professor while the highest paid member is a full professor. Many respondents supplement their base salaries by both teaching during summer school and consulting. The total annual earnings of members ranged from $77,000 to $391,000. Hospitality financial management educators appear to be more highly compensated than the average college professor and hospitality financial executives.

Disclosure statement

The authors report no conflicts of interest. The authors alone are responsible for the content and writing of the article.

Notes

¹ Lauren Weber, “Expecting Less, John Holder Cheer Up.” The Wall St. Journal, September 2–3, 2017, pp. B1–B2.

² See R.S. Schmidgall, earnings surveys in The Journal of Hospitality Financial Management, volumes 1–24.

³ Tanya Venegas, “2016 HFTP Compensation and Benefits Survey Report,” HFTP, Austin, Texas.

⁴ See www.higheredjobs.com/salaryDisplay.cfm?SurveyID=39.

Additional information

Notes on contributors

Raymond S. Schmidgall

Raymond S. Schmidgall, Ph.D., is the Hilton Hotels Professor of Hospitality Financial Management in The School of Hospitality Business at Michigan State University.