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Sort of surprising. Less so for the salaries of the philosophy profs, which were around what I expected. More so for the big salaries of the other profs. Someo

Sort of surprising. Less so for the salaries of the philosophy profs, which were around what I expected. More so for the big salaries of the other profs. Someone who is a B-school prof isn't necessarily going to make $300K in industry. I mean, this is the University of Minnesota B-school, teaching classes like "Leadership." Not exactly the purview of captains of industry. Likewise, industrial chemists do not typically make $190K. That's $50K more than what my uncle makes as an industrial chemist. Also, these are all taxpayer funded jobs. It seems like the salaries factor in to the new American trend of public sector employees making MORE money than they would in private industry.

tptacek 16y ago
These numbers seem entirely consistent with the broader marketplace. A chemist who is herself qualified to be a chemistry professor won't make $190k in industry; $110k might be a better estimate. An executive might not make $300k; the low $200's might be a better estimate for the CEO of a small (~100 people) company. And, forgive me for what will sound like a snarky observation, but a book store clerk is going to make $40k, not $90k. In all cases, there's a base compensation set by supply & demand in the market, and an uplift on that base set by supply & demand in academia.