Building on previous studies on the changing nature of faculty work, this article presents a conceptual framework for faculty professional success. The authors report on the perceptions of 300 faculty development professionals regarding the importance of skills in nine competency domains: teaching; research; leadership; diversity, inclusion and multiculturalism; the ability to obtain external funding; work-life balance; internationalization; innovation; and the effective use of technology. They also explore how institutional characteristics are related to these perceptions. The article introduces a new lens--one of faculty competencies--through which individuals and institutions could chart programmatic direction and priorities.