The paper analyzes AACSB salary survey information from 1979 to 2008. The question addressed in this analysis is whether salary inversion is widespread across the three business disciplines of accounting, economics, and finance. We find limited evidence of mean level inversions, which is concentrated in recent years. Stochastic dominance methods confirm these results. We also develop a measure of salary dominance based on comparing the distribution of reported salaries. This statistic shows a significant trend towards salary inversion in finance and accounting.
Copyright © 2012 Financial Education Association. This article first appeared in the Journal of Financial Education 38, no. 3/4 (Fall/Winter 2012): 1-17.
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Arnold, Tom, Raymond P.H. Fishe, and Adam Schwartz. "Salary Inversion in Business Schools: Does a Rising Tide Lift All Boats?" Journal of Financial Education 38, no. 3/4 (Fall/Winter 2012): 1-17.