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College professors have the opportunity to interact with young people, their talent, energy and innovative ideas. This intellectual stimulation in the University and academic environment can prove to be very rewarding. It gives you the satisfaction of shaping students’ careers while also solving complex issues faced every day.
College professors are responsible for many tasks, including the production of scholarly articles and continuous research. They also have to teach courses and share ideas. A competent professor should also enjoy interacting with students, colleagues, industry representatives, parents, and others from the community.
A professor in a university goes through three ranks during his career: Associate Professor, Assistant Professor and Full-Tenured Professor. The latter is the highest rank and designation. Although professors have similar tasks and require common soft skills and curiosity, their compensation varies depending on their area of expertise and the University’s seniority.
Salaries for public and private universities vary, with the private universities offering higher salaries than their public counterparts.
Average National
The US Bureau of Labour Statistics reported that the average national salary for all university and college professors was $73,000 annually. This includes wages for public and private institutions.
The average salary for a full-tenured professor at a public university was about $114,000, while the average salary for an associate professor was approximately $82,000. On average, assistant professors made $70,000
Private universities had higher salaries for full-tenured professors. The average salary for a full-tenured professor in a private university was around $121,000. In addition, an associate professor made approximately $81,000 per year, and an assistant professor made about $70,000.
Variance by profession
Other than this, College professors salaries can vary depending on their fields. These are common fields with a greater range of professor salaries.
Medical Professor
Average Salary: $154,000
Salary range: $134,000 to $210,000
What is he doing? A medical professor teaches medical courses to future doctors. This involves a medical degree such as MD, MBBS or DO, and any other specializations depending on the area of expertise.
Dentistry Professor
Average Salary: $130,000
Salary range: $106,000 to $169,000
What does he do? Dentistry professors provide the skills and tools that undergrads need to become dentists. Professors’ experience is invaluable, as are Doctors of Dental Surgery (DDS), and Doctors of Dental Medicine (DDM). A higher level of experience and published work in a journal can also increase the salaries of Dentistry professors.
Engineering Professor
Average Salary: $154,000
Salary range: $134,000 to $210,000
What does he do? Engineering professors need to be specialists in their fields, such as Civil Engineering or Mechanical Engineering. Engineering professors will benefit from a Ph.D. with skills and knowledge that blend science, math, and engineering technology.
Accounting Professor
Average Salary: Around $121,000
Salary range: $91,000 to $196,000
What does he do? Accounting professors teach accounting skills and knowledge to undergraduates. Many universities require professors to hold a doctoral degree in accounting and a CPA license for a better compensation package.
Business Professor
Average Salary: $117,000
Salary range: $90,000. – $202,000
What does he do? Business professors teach knowledge in finance, marketing, management, and other related topics related to business. To advance in their careers, professors must have a DBA (Doctor of Business Administration).
Architecture Professor
Average Salary: Around $107,000
Salary range: $83,000 to $146,000
What is he doing? Architecture professors are often leaders in their field with numerous publications to their credit. In addition, they are experts in teaching courses about architecture to students and hold a terminal or doctoral degree in architecture.
Physics Professor
Average Salary: Around $105,000
Salary range: $77,000 to $168,000
What does he do? A Physics Professor teaches topics like quantum physics and thermodynamics. To become a Physics Professor, you must have strong research skills, a Ph.D. and a scientific mind.
Mathematics Professor
Average Salary: $98,000
Salary range: $75,000 to $150,000
What is the responsible for? A mathematics professor must have a Ph.D. in Mathematics and expertise in topology, geometry or game theory. Universities prefer candidates who have made significant contributions in this field.
Nursing Professor
Average Salary: $92,000
Salary range: $74,000 to $136,000
What does he do? A nursing professor teaches undergraduate students how to be a nurse. For teaching students at the University, you must have a registered nurse (RN) license and several years of experience.
English Professor
Average Salary: $88,000
Salary range: $72,000 to $143,000
What does he do? English professors teach literature, mythology and linguistics to students. These professors must have a doctoral degree. In addition, they are expected to publish articles, books and novels, and any other literary work.
Music Professor
Average Salary: $88,000
Salary range: $71,000 to $138,000
What does he do? A music professor teaches music courses. They are often able to make significant contributions in the field of music.
Professor
Average Salary: $165,000
Salary range: $115,000 to $228,000
What does he do? Law professors teach a variety of topics in law, from corporate to criminal law. For teaching at University, they need to have a Juris Doctorate (JD) from a law school.
There is a wide range of salaries for professors, depending on the discipline. This may not reflect the quality or importance of a specific field but rather the job market and laws of supply-demand.
Last but not least, each department gets a salary budget based on its tuition income. Thus, universities with higher student incomes tend to have larger budgets for professor salaries.
Sponsorship’s and departmental chairs that are offered to tenured or associate professors can also make a big difference. In addition, alumni can significantly impact the funds raised by College Professors through corporate funding or charitable donations.
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