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Reply to "No idea that professors made this much money "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, you are delusional. The only people who make high wages in academia are specialty professors they pull from the private sector at the end of very successful careers or high level administrators (not faculty positions.) Even tenured professors are lucky if they make six figures. [/quote] This is simply false. The starting salary for econ professors fresh out grad school is $125-175K, depending on the quality of school. Full professors make $200-250k at a lower-ranked program, and $300-400K at a better department, with outliers making upper six figures or into seven figures. Econ is a relatively well-compensated discipline, but it is hardly the only one, and some other disciplines (e.g. finance, accounting) make more.[/quote] Yeah - econ; finance; accounting; and stat -- bc if they weren't paid $$$ esp in the northeast, they could all leave for banking and hedge funds. I assume the same is true for many/most of the engineering disciplines. Little bit different for the English and history professors -- schools know they have no place to go, as hiring as museums isn't especially robust.[/quote]
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