The Ivy League earnings myth

[coolweather]

<p>

By what standard are you saying “very little”?

</p>

<p>By the standard used by people who think monetary reward is the measure of ability, time, and invested money to obtain a college degree.</p>

<p>Researchers and college professors spend 8-13 years in college before they get their first jobs. The starting salary of many of them is lower than the salary of many money-oriented people who just have 4-6 year college degrees and 3-5 year career history.</p>

<p>I am not saying that researchers and professors are not satisfied with their compensation and I believe they are very happy with their life.</p>

<p>I used to hear one of my coworkers complain about the salary of her spouse, a full professor at top college.
But a personal anecdote is not strong argument for this discussion. I found many consistent sources about salary of researchers and professors below.</p>

<p>

College professors earned average yearly salaries of $74,360 as of May 2011, according to the U.S. Bureau of Labor Statistics, or BLS. The top 10 percent can make more than $132,850 annually.

</p>

<p><a href=“http://everydaylife.globalpost.com/average-yearly-income-college-professors-5582.html[/url]”>http://everydaylife.globalpost.com/average-yearly-income-college-professors-5582.html&lt;/a&gt;&lt;/p&gt;

<p>

According to the data, life scientists in industry make around $136,000 per year, compared to average academic earnings of $85,000. And the difference starts early on, during key periods for career decision making. A 25- to 29-year-old life scientist in industry earns $57,000 per year on average, while a peer in academia makes only $35,000 per year; a 30- to 34-year-old life scientist in industry makes $81,000 per year compared to $47,000 per year for an academic in the same age group.

</p>

<p><a href=“2013 Life Sciences Salary Survey | The Scientist Magazine®”>2013 Life Sciences Salary Survey | The Scientist Magazine®;

<p><a href=“http://www.indeed.com/salary?q1=Research+Scientist&l1=United+States[/url]”>http://www.indeed.com/salary?q1=Research+Scientist&l1=United+States&lt;/a&gt;&lt;/p&gt;

<p><a href=“http://www.higheredjobs.com/salary/salaryDisplay.cfm?SurveyID=24[/url]”>Tenured/Tenure-Track Faculty Salaries - HigherEdJobs;

<p><a href=“What Is the Salary Range for a Research Scientist? | BioSpace”>BioSpace;

<p>Some research scientists can make several thousands per year, however these scientists are CEO of businesses.</p>

<p><a href=“http://www.fiercebiotechresearch.com/special-report/top-20-research-institute-salaries/2012-09-26[/url]”>http://www.fiercebiotechresearch.com/special-report/top-20-research-institute-salaries/2012-09-26&lt;/a&gt;&lt;/p&gt;

<p>Some top college professor salary is very high. But I think they probably earn a lot more if money is their goal.</p>

<p><a href=“Redirect Notice”>Redirect Notice;