A couple of interesting data points coming out of UCOP shed some light on where UC faculty salaries stand with respect to the "Comparison Eight" institutions. The Comparison Eight are four private and four public institutions that are used by UC to compare faculty salary scales and student fees. The four public universities are Illinois, Michicgan, Virginia and SUNY Buffalo; the four privates are Harvard, MIT, Stanford and Yale.
So, how does UC compare with peer institutions? The first slide shows that the last time UC salaries (general campus averages, not professional or medical schools) were in line with the the Comparison Eight average was in 1999-2000. That's when the peak of the dot-com boom occurred, Al Gore was running for president and Lieberman was still a democrat:
By 2009-2010 the average of the four private peers was out of sight, and UC was only slightly above the average of the four public peers, in spite of most of the faculty living in some of the most expensive real estate markets in the country.
As is well known, in 2006-07, the university implemented a plan to bring UC salaries back to market level by, well, next year. The first part of the 4-year plan was implemented in 2006-07, by we know what happened next:
UC salaries are now less than 90% than the market level, with no talk of resuming the 2006 plan.