<p>^ That seems a big illogical, at least if it’s a research university. I mean you can easily take on consulting on the side while you have the job security and flexible hours of teaching just 3-4 courses per year. </p>
<p>Most of the engineerng fauclty I know are not foreigners, and the love research, they never went into it for the money anyways. Who gets a PhD for the money? Academic and industry careers are apples and oranges. </p>
<p>It also doesn’t really add up in terms of supply and demand. We have the same problem in business schools so the salaries for faculty are much higher to meet the pressure of the external market-- why would that not also be the case for engineering faculty if the outside market was so lucrative? </p>
<p>Maybe different in a more teaching oriented school or for adjuncts. That makes much more sense.</p>