How Much Does a College Professor Make? College Professor Salaries Reports.

The American Association of University Professors came to the conclusion that in 2017-2018, the salaries of US university teachers grew at the fastest rate over the past five years. On average, salaries rose by 3.8%. However, the growth of welfare of employees of universities was uneven and depended on many factors. For example, coaches earned a lot more than professors.

In particular, teachers in public universities and colleges turned out to be in the best condition - employees of private and religious-sponsored educational institutions earned less. In turn, the salaries of presidents (rectors) of colleges and universities increased by 35%, while the salaries of middle-level teachers — only 5%.

Another funny paradox. In 2006, five of the 853 managers of American universities earned more than $ 1 million, another 112 - more than $ 500 thousand (on average, $ 416.7 thousand). In the same year, the salaries of professors ranged from $ 63 thousand to $ 136.3 thousand (on average, $ 101.7 thousand). At the same time, the average salary of coaches of sports teams of universities and colleges exceeds $ 1 million. Therefore, a coach, for example, a university football team in the first division, is 9.4 times more valuable than a professor of mathematics. At the University of Oklahoma, the coach of a football team receives 11 times more than the president of this university.

how much do college professors make
How much do college professors make: comparison of faculty salaries

The salary level of the professor depends on the subject he teaches. The salary of the professor of English and literature was taken as a basis for evaluation (that is, was 100%). The salary of a law professor in 2006 was 154% (compared to 100% of English professors), business administration - 146.7%, economics - 132%, professors teaching computer disciplines - 127.5%, arts - 124%. Only professors engaged in the teaching of foreign languages ​​and literature, as well as specialists in the field of communications, earned less English specialists.

The high pay for business professors is partly due to the higher cost of their knowledge. According to the Wall-Street Journal, in 2006, the average head of a company (to designate the first person of a company that does not own, but its manager, in the USA is used the term CEO - Chief Executive Manager), in 99% of cases it has education, earned $ 6.54 million. And the CEO salaries are growing much faster than the earnings of other employees. In 2006, their income increased by 10.6%, compared with 2005, which is three times more than the income growth of an average American employee.

According to the research centers of the Institute for Political Studies and the Center for Corporate Policy, the highest salary in 2006 was received by the head of the financial company Goldman Sachs - $ 54.81 million. It is interesting that in many cases the salary of a top manager depends little on the results shown by the firm he manages.

What is the average salary of a University Professor?

The U.S. Bureau of Labor Statistics reports that the average salary of a University Professor was $75,430 annually as of May 2016. The lowest-paid 10 percent of all University Professors earn less than $38,290, while the highest-paid 10 percent are paid more than $168,270 per year.

The average salary of a University Professor depends on several factors, such as the size and location of the college or university, the subject taught, and whether the institution is private or public. For example, a University Professor teaching in the health sciences field (such as nursing, medicine, or veterinary medicine) earns an average of $99,360 per year. In contrast, a University Professor teaching education earns an average of $62,520 annually.

The American Association of University Professors reports that the salary of full-time faculty at private colleges and universities average $105,323, as compared to $103,019 for those teaching at public colleges and universities. And Professors working at four-year institutions, whether private or public, earn higher salaries than those employed at two-year schools.

 

Are College Professor positions available?

The U.S. Bureau of Labor Statistics expects employment for College and University Professors to grow at a faster-than-average rate. The competition for tenure-track positions will continue to be stiff, making openings more widely available for part-time and non-tenure-track positions. Candidates holding a Ph.D. in their subject area will likely be the most successful applicants.

 

I am 41 years old, I work as an associate professor (associate professor) and in 2015, I earned $ 115,000. Of which I paid $ 12,600 in federal tax, $ 7154 in Social Security tax and $ 1670 in Medicaid tax. I also paid $ 7,687 in state tax. Those. total tax burden of $ 29557 or 25%. But, there is but! Judging by the quick calculation, I will refund $ 3,600 from the federal and $ 2,000 from the regular tax. Those. The final figure will be 20%. Under my contract, my employer pays my family's full medical insurance. I only pay for dental insurance - like $ 40 a month.

 

College Professor Salaries Reports
College Professor Salaries Report State of Maryland

 

Comments

Camilla Johnson

This is more than in Germany with a professor in the lab.
Another thing is that there are professors at university clinics who may have a couple of million euros a year. And they are not enough.
The provinces are more modest. The chef in the average clinic receives its 300-500 thousand euros before taxes, and they are different than in the States. The senior doctor of the clinic (my position), although it receives an average of 150 thousand per year in Germany, but after deducting everything, everything lands in the same area as the author of the post. Well, just that education is free. But my children go to a Waldorf school, so they’re pulling a percentage of my salary before taxes, and it turns out decently.

Frederic L.

The top ten of the 2018 rating:
1. University of Pennsylvania, Wharton School (Philadelphia, USA)
2. Harvard University, Harvard Business School (Cambridge, USA)
3. Columbia University, Columbia Business School (New York, USA)
4. Stanford University, Graduate School of Business (Stanford, USA)
5. University of Chicago, Graduate School of Business (Chicago, USA)
6. Insead (the school has two departments: the European one in Fontainebleau Sede, France; and the Asian one in Singapore)
7. University of London, London Business School (London, UK)
8. University of New York, Stern School (New York, USA)
9. Northwestern University, Kellog School (Ivanston, USA)
10. Massachusetts Institute of Technology (MIT), Sloan School (Cambridge, USA)
The average salary level of the first ten business school graduates is $ 140,000-160,000 per year. That is, people pay for the cost of training quickly enough.
Mainly in the ranking of business schools from the USA, UK, Australia, Canada. There are several schools from continental Europe.
Almost always in the first places is Harvard, with which no other university can compare with the number of famous professors. Harvard is the first university to appear in the country. For many years, headed the so-called "Ivy League" (Ivy League), which includes several of the oldest and most prestigious private universities in the United States, unofficially united among themselves. He stands out for its material base. Harvard's annual budget is 9 billion. With such funds, Harvard can afford to attract the best professorship, and, as a result, have unlimited material resources, funds received from various private or public funds for the implementation of educational and research programs.
The amount of capital at the university is a decisive factor. Money goes to construction, to attract professors; they make universities less dependent, or even practically completely independent, of students' fees for education. The university can provide financial assistance, pay scholarships, and, in addition, experiment. Introduce and develop new programs that are not related to a narrow specialized education.
The process of attracting graduate students is becoming more and more similar to the recruitment process: the richest American universities now have to compete for them.
In short, an American professor does not eat his bread and butter for nothing.