How Much Does a College Professor Make?

Whether you’re lecturing on the finer points of underwater basket weaving or conducting an experiment to determine how many licks it takes to get to the center of a lollipop, your days are never the same as a College Professor. The intellectual stimulation of the academic environment and the reward of guiding young minds make this position very fulfilling yet challenging. Sharing your knowledge of a particular subject fills your class time, and when your office door closes, you focus on sharing your insight with colleagues near and far through academic journal articles and papers.

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 $58,830 annually as of May 2008. The lowest-paid 10 percent of all University Professors earn less than $28,870, while the highest-paid 10 percent are paid more than $121,850 per year. The middle 50 percent of all University Professors earn between $41,600 and $83,960, so chances are good that you’ll earn more than the average annual salary.

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 $103,960 per year. In contrast, a University Professor teaching home economics (such as childcare, cooking, and home finances) earns an average of $69,060 annually.

The American Association of University Professors reports that the salary of full-time faculty at private colleges and universities average $92,257, as compared to $77,009 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.

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