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I recently ran into a reddit post in which a young individual (low 30's) just got a job at University of California, and was seeking advice on retirement invest
by SubiculumCode 5y ago
I recently ran into a reddit post in which a young individual (low 30's) just got a job at University of California, and was seeking advice on retirement investments. He claimed that he expected to make 300+ grand a year at the UC. New assistant professors start sub 100k, and most top-tier professors near the end of their careers can reach 200+k a year, not counting benefits. What job is this 30 year old getting at the UC that starts at 300k? It must be in the CEO track, where they assume they should be paid most, and somehow, do so.
It is often argued that CEO's deserve extraordinary salaries on the basis that they are smarter than most people...but when you work at a University, you know a lot of people who extraordinarily intelligent people who are familiar with running large, complex organizations/programs. There is no way those CEO's deserve more than they do. It purely a culture and power thing. And its bloody disgusting.
- overeater 5y agoYou're generalizing too much by averaging averages, so that your numbers are off. Salaries depend on university, campus, field, etc. These are average salaries over 5 years ago: "The Daily Californian created a database of professor pay-checkers in 2016 that shows the variation in inter-departmental salaries for the 2015 year. For example, average professor salary was $326,230 for the economics department, $202,711 for the electrical engineering department and $163,035 for the English department."
- paulpauper 5y agosalaries for professional/college-req. jobs have really swelled in the past decade.
- MeinBlutIstBlau 5y agoI would rather pay a CEO more than an educational bureaucrat cause you can at least fire the CEO.