UChicago #3 in Prof Pay

Colleges & Universities University of Chicago
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<p>Top Private Universities in Faculty Salaries for Full Professors, 2012-13
University Average Salary

  1. Columbia University $212,300
  2. Stanford University $207,300
  3. University of Chicago $203,600
  4. Harvard University $203,000
  5. Princeton University $200,000
  6. New York University $187,600
    7.University of Pennsylvania $187,000
  7. Yale University $186,300
  8. Duke University $180,200
  9. California Institute of Technology $179,200</p>

<p>[AAUP</a> survey finds that average faculty salary increased by rate of inflation in last year | Inside Higher Ed](<a href=“http://www.insidehighered.com/news/2013/04/08/aaup-survey-finds-average-faculty-salary-increased-rate-inflation-last-year]AAUP”>http://www.insidehighered.com/news/2013/04/08/aaup-survey-finds-average-faculty-salary-increased-rate-inflation-last-year)</p>

<p><a href=“http://www.aaup.org/reports-publications/2012-13-list-tables[/url]”>http://www.aaup.org/reports-publications/2012-13-list-tables&lt;/a&gt;&lt;/p&gt;

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<p>The salary that professors are given says volumes about how institutions value their main assets. The professors are the life and blood of the institution. Chicago’s payscale for a lower cost of living available in Chicago compared to Manhattan or expensive Palo Alto means the professors can have a higher standard of living…which they rightly deserve.</p>

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<p>Gravitas2 hit the nail on the head.</p>

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<p>*** is NYU doing in the top 10…</p>

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<p>It is in Manhattan. Cost of living outrageous especially around Greenwich Village. Period.</p>

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<p>do these salaries include the academic physicians’ salaries? That could inflate the numbers at the schools with a med school.</p>

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<p>This popped back up in the news:</p>

<p>[The</a> 10 Colleges That Pay Professors The Most According To AAUP’s 2013 Survey](<a href=“HuffPost - Breaking News, U.S. and World News | HuffPost”>The 10 Colleges That Pay Professors The Most According To AAUP's 2013 Survey | HuffPost College)</p>

<p>(I believe somewhere in the report it says it excludes clinical faculty…)</p>

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<p>Oh. This partly explains why Columbia is #4</p>

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<p>Does USNWR take into account standards of living when calculating faculty salaries into their methodology?</p>

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<p>A friend of mine once pitched his idea for helping Uchicago become an even more prestigious school that caters to all students needs.</p>

<p>Don’t have a top CompSci department? No problem, give our department lots of funding and poach all the best professors from CMU or Silicon Valley. Same for engineering, go to MIT and CalTech (and even our own guys at Argonne and Fermi) and give their top boffins an offer they can’t refuse to help us build up a world class program.</p>

<p>While we’re nowhere close to achieving the above dream, I’m pretty happy that we’re paying our professors well. If any top college ranking wasn’t heavily correlated with pay I’d look at it with suspicion. Unless there’s some distortions, the market shouldn’t lie.</p>