The Faculty Compensation Survey is conducted annually by the American Association of University Professors. It is the largest independent source of data on both full-time and part-time faculty salaries and benefits. The survey is open to both two- and four-year United States colleges and universities. The study compiles data on more than 380,000 full-time faculty members at nearly 1000 colleges and universities, as well as more than 64,000 part-time faculty members at more than 360 institutions, representing all 50 states and Puerto Rico.

The survey collects data on both salary and benefits disaggregated by gender and faculty rank -- professor, associate, assistant, instructor, lecturer, and faculty without a rank. Benefits information includes data on retirement, total health insurance premiums, and dependent tuition benefits. Additionally, the survey asks about compensation information for senior administrators as well as part-time faculty members.