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CBO Salaries Rise 4.7 Percent

June 1, 2015

Median salaries of chief business officers grew by nearly 5 percent in 2014, according to the annual salary survey conducted by the College and University Professional Association for Human Resources (CUPA-HR). Data are based on CBO salary information received from 834 public, private non-profit, and private for-profit higher education institutions in the United States as of November 1, 2014. The unweighted median salary among these CBO positions was $180,000, 4.7 percent higher (in non-inflation adjusted dollars) than CBO salaries in 2013-14. Salaries increased by a higher rate for CBOs at public institutions (5 percent) compared with private non-profit and for-profit schools (3.2 percent).

Salaries of CBOs in 2014-15 differed by institutional type, race/ethnicity, and gender.

  • CBOs at public and private research universities had a median salary of $276,861, compared with $180,353 at master's level institutions and $163,308 at baccalaureate-granting schools.
  • Roughly 29 percent of CBOs at participating institutions were women. Their salary was $172,373, approximately 5 percent lower than their male counterparts whose median salary was $181,887.
  • Approximately 8 percent of schools had a CBO who was a racial/ethnic minority; the median salary among all minority CBOs was $205,000, versus $176,869 for white non-Hispanics.

Read the executive summary here.

Contact

Ken Redd
Director, Research and Policy Analysis
202.861.2527
E-mail