ObjectiveElucidate the representation of Asian and Asian Americans in academic otolaryngology and the influence of race on promotion and leadership opportunities.Study DesignRetrospective analysis of the Association of American Medical Colleges Faculty Administrative Management Online User System.SettingFull‐time otolaryngology faculty from all US medical schools from 2020 to 2023.MethodsFaculty demographics, tenure, and rank were collected. Descriptive statistics, Fischer's exact test, Rank Equity Index (REI), and multivariable logistic and ordinal regressions were used to characterize our cohort and assess the impact of race on academic advancement and leadership, defined as promotion to tenure or full professorship.ResultsAsians comprised 20.53% of 9056 faculty over 4 years. Asians were most likely to hold tenure‐eligible positions (n = 600, 30.74%) but were significantly less likely than non‐Asians to be tenured (43.00% vs 48.65%, P = .015). Asians were slightly above parity in promotion from assistant to associate professor (REI = 1.09) but below parity in promotion from associate professor to professor (REI = 0.78). Relative to whites, Hispanics, and African Americans, Asians reported the lowest associate/professor and assistant/professor REIs. On multivariable regressions, Asian race was not associated with decreased odds of tenure‐eligible positions but was associated with decreased odds of tenure (odds ratio [OR] = 0.77, 95% confidence interval [CI] = [0.64‐0.93]) and rank promotion (OR = 0.82, 95% CI = [0.74‐0.90]).ConclusionDespite strong overall representation in otolaryngology, Asians are less likely to receive promotion, tenure, or full professorship relative to other racial groups. Future efforts should emphasize equitable advancement opportunities to ensure a diverse otolaryngology leadership.