What is the average salary at the University of Michigan?
The average base salary at the University of Michigan is ,659 per year. Salaries range from ,165 to ,753 annually.
What factors can influence salaries at U-M?
Several factors can influence salaries at the University of Michigan, including the employee’s job title, level of experience, level of education, and additional skills and certifications. Salaries can also vary depending on whether the employee is part of the faculty or staff.
How do U-M salaries compare with those at similar companies?
When compared to similar companies, U-M salaries are competitive. However, individual salaries may vary depending on the specific job, department, and location. It is important to consider the employee’s level of education and experience in comparison to others in the same industry.
Do U-M salaries differ based on the employee’s degree?
Yes, U-M salaries may vary based on the employee’s degree. The University follows a career family classification system, which takes into account the level of education, skills, and competencies required for each position. The salary range for a specific job title may differ based on an employee’s level of education.
Has the average U-M salary been increasing over the years?
Yes, the average U-M salary has been steadily increasing over the years. Employee satisfaction with their compensation is measured by the Fair Pay score, which at U-M is 2.57 out of 5. This indicates that there is room for improvement in terms of overall satisfaction with salaries.
Does U-M provide additional compensation besides base salaries?
Yes, in addition to base salaries, U-M provides additional compensation in the form of awards, prizes, and gifts. However, these additional forms of compensation may be subject to tax withholding. The University values employee recognition and offers a range of incentives beyond regular pay.
How do U-M salaries compare with those at the University of Minnesota?
While the University of Michigan offers competitive salaries, it is interesting to compare these salaries with those at the University of Minnesota. The average hourly pay rate at U-M is , while the hourly salary range at the University of Minnesota varies depending on job titles, with Administrative Manager 3 jobs earning the most at 2 per hour.
Do salaries at U-M vary by department?
Yes, salaries at U-M can vary by department. Each department within the university has different budget units and is responsible for maintaining the pay rate and conditions of employment for their employees. Consequently, salaries may differ depending on the department in which an employee is appointed.
