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International Association of Hospitality Financial Management Educators (iAHFME) Academic Member 2021 Total Annual Earnings

2023/05/15 by Schmidgall, Raymond S., Yu, Jung Hee

paper · doi:10.7275/9vdk-7789

Abstract

This study uses survey research to determine the 2021 annual earnings of hospitality financial man- agement educators. Thirty-three percent of iAHFME members affiliated with educational institutions responded. Survey results show that for 2021, annual base salaries of iAHFME members ranged from 73,000 to 174,000. The lowest-paid member was an assistant professor and the highest-paid member a professor. Many respondents supplemented their base salaries by teaching during summer school or consulting or both. The total annual earnings of iAHFME members ranged from 90,000 to 265,000. Survey results also show that hospitality financial management educators appear to be more highly compensated than the average college professor and their counterparts in the lodging industry manage risk in the hospitality industry more effectively.

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