<p>Actually, the average base salary this year for full tenured professors is $114,000. The average for all full-time faculty inc. tenure-track and assistant profs is $92,000. But, I don’t think that includes benefits.</p>
<p>For example, Swat professors get a paid semester sabattical for every six they teach.</p>
<p>My $160,000 number may be a little high. But, in any case, the incremental tuition from eight students would, at best, barely cover the costs associated with one average full-time professor. You might come out slightly ahead for a few years, but eventually your new hire is going to come up for tenure. Or, you could cover it by hiring part-time profs, but that is viewed by the prestige customer-base as a reduction in quality.</p>