Recruitment & Retention
Fifteen faculty positions will become vacant over the next three years, which includes three current endowed chair holders. And we are actively seeking six new faculty to replace those who are retiring.
Even with those efforts, more faculty will be needed to overcome the shortage. But we face a systemic, structural obstacle. Traditionally, our faculty salaries—in the 30-35th percentiles nationally—have been well below the average.
The College’s Advancement Office is launching a comprehensive campaign to recruit and retain faculty and, eventually, boost student enrollment. That includes raising 100 percent of faculty salaries to the 50th percentile. Currently, starting salaries for educators at the college average about $68,800 a year and top out at $138,300 annually. Nationally, nursing professors start out earning on average $78,200 a year and can reach a high salary of $168,800, according to the American Association of Colleges of Nursing. That’s a difference of nearly $30,000 a year. And those numbers are higher for nurse practitioners and certified nurse midwives and for nurses working in hospitals and clinics, who start out earning between $78,000 and $91,000 a year.
The college just received $3 million in endowed funds from family foundations managed by Father Rick Lawson, grandson of S.J. Quinney. That funding will shore up the college’s effort to hire and hold on to high-quality professors and instructors, but it is by no means the end of the campaign. It would cost $2 million to equalize faculty salaries for just three years. The college has set a goal of $25 million to establish an endowed fund to sustain salaries into the future. And every little bit helps.
With state budget cuts and tuition increases, the cost of nursing education is increasing just as many students and their families are experiencing their own financial barriers.
Currently, 24 percent of our undergraduate students, 37 percent of master’s students, 19 percent of DNP students and 25 percent of PhD students are receiving some form of fellowship or scholarship assistance. A total in $200,000 in scholarship funding impacts 44 of our students.
Our goal is to give 30 percent of all students some type of financial assistance. Your gift to help increase access to nursing education can be directed to any of the following:
For a researcher to be eligible for large federally-funded grants, researchers must be able to show a track record of smaller pilot research project funding.
We aim to provide small pilot grant funding for 5 researchers each year. An endowment of $2.5 million generates $100,000 annually in interest – enough to help us reach that goal. An endowment of $500,000 would provide enough interest to support one researcher.