As you can also see, it takes a ton of studying, a bunch of publishing, and a bit of genius to land on this kind of list. $7,500 is the 90th percentile. His stellar salary rivals that of many college coaches. However, we are working on a list of the best paid female professors in U.S. colleges and universities. According to the U.S. Bureau of Labor Statistics, which tracks data and makes projections for civilian occupations, kindergarten and elementary school teachers earned a median annual salary of $59,420 in 2019. In addition to being a professor, Dr. Takahashi is Senior Director of Investments for Yale, where he helps oversee more than $17 billion of the university’s endowment, pension, and charitable trust assets. The BLS reports that job growth for high school teachers is expected to increase at 8% from 2016-2026, which is about the national average for all occupations. What Is the Salary for SubstituteTeachers. Many community college instructors work on a part-time basis. The average salary of a full professor at a public university was $113,738. According to the BLS, law professors earn the highest mean salary of $137,120. For example, the mean income for a professor in California is $131,025. He is also on the advisory board of the University of Michigan’s College of Literature, Science, and the Arts, as well as holding the following directorships: Kannan Ramaswamy is the William D. Hacker Chair Professor of Management in the Department of Global Business at the Thunderbird School of Global Management. Some fields of specialty pay professors more than others. According to the National Council on Teacher Quality, 88 percent of large school districts (including the 100 largest districts in the country and the largest district in each state) pay more to teachers who hold master's degrees. As of Nov 4, 2020, the average annual pay for a College Professor in the United States is $56,565 a year. In addition to the Thunderbird School, he has taught at the Ivey Business School (University of Western Ontario), Temple University, National University of Singapore, and Nanyang Technological University, also in Singapore. Adjunct Professor, Graphic Communications, Spring 2021, Adjunct Professor, Anthropology, Spring 2021. We list the top 25. When comparing a teacher salary with master's degree by state, be sure to take into consideration the cost of living. To work at a community college in this capacity, you need a Ph.D. or equivalent degree in your particular field, whether it's math, English or business. And three teach at the Thunderbird School of Global Management, an international business school located in Arizona. Most school districts provide elementary school, middle school and high school teachers who hold a master’s degree with supplemental pay, sometimes called a bump or bonus. Other essential requirements for the job are leadership, instructional, communication, critical thinking and computer skills. Aspiring professors have to move up through the ranks by getting their doctoral degrees working towards full tenure. As with many occupations, pay varies according to geographic location. According to Bloomberg, when questioned about Silvers’ high salary, the school remarked, “David Silvers is renowned in the field and has significant responsibilities in directing a highly specialized lab at Columbia University Medical Center.”. According to the Bureau of Labor Statistics for data received through May 2016, the national mean annual wage for all postsecondary teachers at colleges, universities and professional schools was $72,790. Community college professors with doctorate degrees earned salaries averaging just over $50,000 annually. For example, the employment website Glassdoor lists the average salary for a Boston-area college professor as $131,000. Professors in general don't make a whole lot of money, especially considering how much it cost to actually get our degrees! University professors earn good salaries teaching students, but they also have other responsibilities. Overview College professors, also called postsecondary teachers, are academic professionals who educate students beyond the high school level. $18.03 is the 25th percentile. While tuition skyrockets, enrollment falls, and loan debt explodes, many university presidents make $500K a year or more. You may wonder, how much do professors make and is it worth the effort? Universities on the east and west coasts of the U.S. offer the highest wages for professors, but they also have higher costs of living in these regions. A College Professor in your area makes on average $57,905 per year, or $1,340 (2%) more than the national average annual salary of $56,565. With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a College Professor appears to be exceedingly fruitful. These new students are looking for higher education to attain the skills needed to meet their career goals. This data was compiled using Talent Neuron, a software program that pulls in data from Bureau of Labor Statistics surveys as well as data from current job postings in the field. Teachers in New York earn more than their peers in Mississippi but there are huge differences in the cost of living. He has taught strategic finance and accounting programs in Thunderbird Executive Education for many corporations, including Aventis (China), ARCO (China), Briggs & Stratton, British Petroleum (USA), Cox Communications, Danone, DHL, Hewlett Packard, Hilti (China), ExxonMobil, Lucent, Pharmacia, SK Corporation, T-Mobile, Kraft, and Unocal. Prior to joining the Yale Investments Office in 1986, he worked at Affirmative Investments in Boston and as a VISTA volunteer in Vermont. For example, you could be promoted to head teacher, transfer to work in school administration, or even become a curriculum designer for a school district or government entity. Dean Takahashi is Adjunct Professor in the Practice of Finance at the Yale School of Management, and Senior Director of Investments at Yale University. Community colleges rely on professors with doctorate degrees to provide quality instruction to their students. Just in case you need a simple salary calculator, that works out to be approximately $27.19 an hour. The 10 Most Controversial College Professors in the US, Director, Bridging the Divide Program on Technology in the Developing World. The figures are not necessarily current, but in no case are they more than five years old. We can’t promise that becoming a teacher will make you a millionaire, but it’s something to shoot for. Wages below this are outliers. Salaries vary widely by institution, geographic location and the credentials and experience of the individual. Dr. Rosenwaks received his M.D. With five years' experience, the numbers increase to $62,616 for a bachelor's and $69,977 for a master's. Many of these colleges are smaller and enable professors to interact more closely with every student. Dr. Ramaswamy received his MBA from the University of Madras (now Chennai), India, and his Ph.D. from Virginia Technological University. They earned the least in Mississippi, where salaries averaged $45,574. You may wonder how these professors can command such amazing salaries. Learn about the best online colleges and universities for 2020. Enrollment increases in colleges may increase jobs for postsecondary teachers, including community college professors with doctorate degrees. For example, the aging population will increase the demand for healthcare services, which in turn will increase the demand for more professors. Pay is accorded by the number of years of experience, with lanes at each year on the pay chart that reflect an individual's level of education. With a master's degree, it's possible to find employment at a community college. Nursing has a growth rate of 20%, … If a professor can obtain a position at a prestigious private university, he or she will most likely be paid a lot more than at a second-tier or lesser-known public school. Sometimes they are hired to teach with a masters at a community college, or are teaching part-time. College Professor Salary Comparison by Location. Some find employment in community colleges, trade schools, technical schools and business schools. Salaries average $54,542 for full-time work, according to the employment website Indeed. Which college coaches make the most money? We found at least five jobs related to the College Professor job category that pay more per year than a typical College Professor salary. Dan J. Laughhunn is Professor Emeritus at Duke University’s Fuqua School of Business.