Interesting article in the Chronicle (subscription needed, at this point), indicates that the higher salaries of the top universities often come with much higher costs of living. For example:
The index of more than 300 places sets the national average at 100. Fittingly, Normal, Ill., the home of Illinois State University, is right at the cost-of-living average. Full professors there earn an average salary of $76,700. That may not sound so great. But consider this: The average salary for a full professor at New York University, a whopping $144,000, works out to just $70,000 once the high cost of living in Manhattan is figured in.
Of course, NYU didn’t hire me (bastards!) so, I am doing the stupidest thing ever, and reverse commuting: this year to bucolic Buffalo, where the average home is less than $100K (in NYC, the average apartment went for $1.3 million this year), and soon to equally suburban Connecticut. I’m dumb.
I am pretty happy with what I get paid, especially since it is–formally, at least–part time work. Yes, I could be making much more as another sort of professional, but I suspect that academics who want to be making more money do, through consulting and other forms of moonlighting. In other words, although the salary of a full professor continues to rise more slowly than inflation, I think that we are better off than we think we are, and far better off than we will be in ten years.
NYU salary sucks, apparently
Interesting article in the Chronicle (subscription needed, at this point), indicates that the higher salaries of the top universities often come with much higher costs of living. For example:
Of course, NYU didn’t hire me (bastards!) so, I am doing the stupidest thing ever, and reverse commuting: this year to bucolic Buffalo, where the average home is less than $100K (in NYC, the average apartment went for $1.3 million this year), and soon to equally suburban Connecticut. I’m dumb.
I am pretty happy with what I get paid, especially since it is–formally, at least–part time work. Yes, I could be making much more as another sort of professional, but I suspect that academics who want to be making more money do, through consulting and other forms of moonlighting. In other words, although the salary of a full professor continues to rise more slowly than inflation, I think that we are better off than we think we are, and far better off than we will be in ten years.
Comforting thought of the week.
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