How Much Do Professors Make?

The salary of a professor can vary greatly depending on a number of factors, including the country they work in, their rank, their field of expertise, and their years of experience.

Professor Salaries by Country

United States: According to the American Association of University Professors (AAUP), the average salary for a full-time professor at a four-year public institution in the United States was $99,892 in 2020-2021.
United Kingdom: According to the University and College Union (UCU), the average salary for a full-time professor at a UK university was £46,529 in 2021-2022.
Canada: According to the Canadian Association of University Teachers (CAUT), the average salary for a full-time professor at a Canadian university was $116,930 in 2020-2021.
Australia: According to the Australian Bureau of Statistics, the average salary for a full-time professor at an Australian university was $148,592 in 2020-2021.

Professor Salaries by Rank

Assistant Professor: Assistant professors are typically the lowest-paid professors, with salaries ranging from $50,000 to $80,000 per year.
Associate Professor: Associate professors typically earn more than assistant professors, with salaries ranging from $60,000 to $100,000 per year.
Full Professor: Full professors are the highest-paid professors, with salaries ranging from $80,000 to $150,000 per year.

Professor Salaries by Field

STEM fields: Professors in STEM fields (science, technology, engineering, and mathematics) typically earn more than professors in non-STEM fields.
Business and management: Professors in business and management typically earn more than professors in the humanities and social sciences.
Medical and health sciences: Professors in medical and health sciences typically earn more than professors in other fields.

Factors Affecting Professor Salaries

Experience: Professors with more years of experience typically earn more than those with less experience.
Location: Professors who work in urban areas typically earn more than those who work in rural areas.
Institution: Professors who work at prestigious universities typically earn more than those who work at less prestigious institutions.
Tenure: Tenured professors typically earn more than non-tenured professors.

Benefits of Being a Professor

In addition to their salary, professors also receive a number of benefits, including:

Health insurance: Most professors have access to health insurance for themselves and their families.
Retirement benefits: Most professors are eligible for retirement benefits, such as pensions and 401(k) plans.
Paid time off: Professors typically have paid time off for vacation, sick leave, and personal days.
Job security: Professors with tenure have job security, which means that they cannot be fired without a cause.

Conclusion

The salary of a professor can vary greatly depending on a number of factors. However, professors typically earn a good salary and receive a number of benefits. If you are considering a career as a professor, it is important to research the salaries and benefits that are available in your field and country.

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