15 Aug Average Salaries For University Professors
Many sites can be found online that provide salary history for specific universities and colleges. However, There is no such thing as average salaries for university professors because a multitude of variables affects salary range. Some of these variables are central to the person. This includes having a master’s or doctoral degree, the type of degree, has the professor had postdoctoral training, industry experience, or prior teaching experience, the rank the professor, their research and publication list, and have they been awarded grants, Other factors relate to the particular university, such as the particular academic field, the region the university is in, weather it is a private or public university, and the pay scale for length of service, the number of months the university pays for (Usually it is 8, 9, 10, or 12 month contracts).
A general rule of thumb for salary ranges for various levels of professors are $45,000.00 to $65,000.00 for assistant professors, $60,000.00 to $80,000.00 for associate professors, and $70,000 to $85.000.00 for full professors. However, it can be more or less depending on the factors mentioned. Professors often have a hard time making ends meet at these salary levels. As a result, they are forced to obtain additional sources of income such as consulting, research, or additional teaching. Also, the spouses of the majority of professors are forced to work to make up the difference.
Many excellent faculty members have been forced to leave the field in order to better support their families. They end up working for industry, the government, or in the consulting field. Their positions are quickly filled by eager new-comers who hope that academia will work for them.
However, professors can earn a respectable income by replacing their full-time positions with part-time ones. This initially does not make sense. However, adjunct professors have the ability to earn six-figure incomes. Being accepted as an adjunct professor is much easier than being accepted as a full-time one. All of an adjunct professor’s time is devoted to teaching rather than non-productive activities such as curriculum development, student advising, or committee meetings. Also, adjuncts can teach at a multitude of schools so if one of them does not rehire you, you only lose a portion of your income, which is relatively easy to make up. Increasingly, this is what many professors are opting to do.
If you want to supplement your income or you wish to earn a living as an adjunct professor then check out:
Howard E. Rubin, Ph.D.