4 ms·

Note some good US universities pay entry-level FAANG salaries to assistant professors. If you can negotiate a low teaching load, it might be OK in some cases.

by nextos 4y ago

Note some good US universities pay entry-level FAANG salaries to assistant professors. If you can negotiate a low teaching load, it might be OK in some cases. Nonetheless, I agree with what you say. I'd add there is a ton of nasty politics, bullying, etc. which might be hard to avoid while you are on tenure track chasing tenure.

beambot 4y ago
Please give an example of such a university?
- deleted 4y ago
  [deleted]
- nextos 4y ago
  According to levels.fyi, a typical entry-level FAANG job (L3 SWE at Google) pays $140k base salary. An assistant prof. position at UCSD I was looking into a few weeks ago was paying $115-145k to identical roles in the department. I know Google has some other benefits, like stock and bonus. Plus, compensation will grow more rapidly. And there are tons of high-paying SWE jobs, whereas good academic positions are scarce. In Academia, it's hard to exceed $200k. Some professors often get $200-300k from consulting. But those I know that earn so much on side gigs are frequently gaming university IP rules.
  - beambot 4y ago
    Google L3 SWE total comp is $193k https://www.levels.fyi/?compare=Google,Salesforce&track=Software%20Engineer https://www.levels.fyi/?compare=Google,Salesforce&track=Soft... Base salary is the wrong comparison. As you move up to higher levels and get stacking equity grants, the liquid stock vesting routinely becomes >50% of total comp at FAANG -- i.e. you have to look at total comp. It's not even close to comparable. Also worth noting: as a PhD with assistant prof levels of experience, you'd typically join as L5 (source: myself), which has total comp starting at $365k according to levels.fyi
    - ModernMech 4y ago
      But don’t you have to live in the Bay Area? Or does Google pay those L5 salaries for remote? Because $365k is more like $179-$200k where I live. And you have to work 12 months of the year, no?
deleted 4y ago
[deleted]
PuppyTailWags 4y ago
The opportunity cost is still likely 100k/yr for the rest of your life, even with the FAANG salary to assistant professors. consider this: You can be a new grad, get hired at Apple, and earn an entry-level salary[0]. Let's say we won't include the bonus and you get 130k/yr. You colleague is a new grad and goes to a PhD program at Duke University[1] where they earn 33k/yr. In your first year, your PhD program colleague earns 97k less than you. From years 1-3, your average base pay will be 138k, and your PhD colleague earns the same wage. They now earn 105k less than you for each of those years. Your colleague is in the hole over 400k opportunity wise. In your 4th and 5th year, you can expect to earn 141k on average. Your colleague, still making 33k/yr, is now making 108k/yr less than you. At the end of 5 years, your colleague has completed their PhD and is in the hole over 600k in opportunity cost. Now your colleague gets an associate professorship position. This assumes your colleague is extremely lucky and does not go into a post-doc. They earn 115k [2] base at NYU. In your 6th year at apple you're still making that 141k. You're still out-earning them by 26k. Your colleague is on the tenure track, which can take 6 or 7 years. [3]. All that time you're getting more and more YoE, while their pay band stays relatively the same during this time. Let's say the opportunity cost is 26k over 6 years, so an additional 156k to their over 600k. At full professorship at NYU, your colleague is earning 162k [4] after 5 years PhD + 6 years tenure track. You, an Apple engineer (probably senior at this point), with 11 YoE are earning 165k/yr [5] at this point. Your colleague has cost themselves 750k in opportunity cost, and you're still earning a bit more than them! A full professor may never catch up to the opportunity cost of academic track, salary wise. tl;dr: EVEN IF you get paid 160k base as a full professor, your years of phd + tenure track associate professor salary will mean you will likely never, ever catch up with someone who new-graded at a FAANG and never left that circle. 0. https://www.glassdoor.com/Salary/Apple-Software-Engineer-New-Grad-Salaries-E1138_D_KO6,32.htm https://www.glassdoor.com/Salary/Apple-Software-Engineer-New... 1. https://gradschool.duke.edu/financial-support/tuition-fees-and-phd-stipends/ https://gradschool.duke.edu/financial-support/tuition-fees-a... 2. https://www.glassdoor.com/Salary/NYU-New-York-University-Assistant-Professor-of-Computer-Science-Salaries-E2917_D_KO24,63.htm https://www.glassdoor.com/Salary/NYU-New-York-University-Ass... 3. https://www.beyondphdcoaching.com/academic-career/how-long-does-it-take-to-get-tenure/ https://www.beyondphdcoaching.com/academic-career/how-long-d... 4. https://www.glassdoor.com/Salary/NYU-New-York-University-Professor-Salaries-E2917_D_KO24,33.htm https://www.glassdoor.com/Salary/NYU-New-York-University-Pro... 5. https://www.glassdoor.com/Salary/Apple-Senior-Software-Engineer-Salaries-E1138_D_KO6,30.htm?selectedLocationString=N%2C1&filter.jobTitleExact=Senior+Software+Engineer&employerId=1138&experienceLevel=TEN_TO_FOURTEEN https://www.glassdoor.com/Salary/Apple-Senior-Software-Engin...
uberman 4y ago
Let's say that was true and I am calling BS on it as I happen to consult in higher ED at an Ivy. Would it be a problem if it was true that someone with a phd and 3 or 4 years of additional research experience were to make the same salary as a newb undergrad? Note, where I consult, new 4 year grads get offers that often exceed the salary of their tenured professors.
robwwilliams 4y ago
I doubt that. What does UCLA pay entering STEM AI faculty? FAANG salaries for MS in CS at or above $300k. Starting salary in genomics, stats, ML and AI in a very well funded medical college with PhD and 4-year postdoc is less than half that.
- arghnoname 4y ago
  FAANG don't typically pay someone with just a masters in CS $300K fresh out of school, perhaps excluding someone in a very in demand niche. I didn't get that from my offers and I had a PhD from a good school. Maybe I just suck, but I compared notes with my peers, so we must all suck. From what my friends got in academia and industry, I'd say at entry-level, professors at good schools are competitive with FAANG salaries, particularly when the cost of living is lower where the university is located. The raises and promos lead industry people to outpace them though because of the lower ceiling in academia.
ls612 4y ago
Assistant professors (tenure track) in decent public business schools start at $300k salary. And this is in the Midwest. And I know that the top private business schools pay more, just that it isn’t public information like it is at the public universities. Now obviously those people would likely be paid higher salaries in the private sector (even CoL adjusted) but the economics of it ensures that pay for professors of fields in demand in the private sector will be at least somewhat decent.
- anvuong 4y ago
  What are those universities? In Pacific Northwest it's only 100-150k for Assistant Prof from what I've seen.
  - ls612 4y ago
    It’s specifically for profs in the business school, who are in very high demand from the private sector. For many other departments those figures are correct.

by nextos 4y ago

beambot 4y ago

Please give an example of such a university?

deleted 4y ago
[deleted]
nextos 4y ago
According to levels.fyi, a typical entry-level FAANG job (L3 SWE at Google) pays $140k base salary. An assistant prof. position at UCSD I was looking into a few weeks ago was paying $115-145k to identical roles in the department. I know Google has some other benefits, like stock and bonus. Plus, compensation will grow more rapidly. And there are tons of high-paying SWE jobs, whereas good academic positions are scarce. In Academia, it's hard to exceed $200k. Some professors often get $200-300k from consulting. But those I know that earn so much on side gigs are frequently gaming university IP rules.
- beambot 4y ago
  Google L3 SWE total comp is $193k https://www.levels.fyi/?compare=Google,Salesforce&track=Software%20Engineer https://www.levels.fyi/?compare=Google,Salesforce&track=Soft... Base salary is the wrong comparison. As you move up to higher levels and get stacking equity grants, the liquid stock vesting routinely becomes >50% of total comp at FAANG -- i.e. you have to look at total comp. It's not even close to comparable. Also worth noting: as a PhD with assistant prof levels of experience, you'd typically join as L5 (source: myself), which has total comp starting at $365k according to levels.fyi
  - ModernMech 4y ago
    But don’t you have to live in the Bay Area? Or does Google pay those L5 salaries for remote? Because $365k is more like $179-$200k where I live. And you have to work 12 months of the year, no?

deleted 4y ago

[deleted]

PuppyTailWags 4y ago

The opportunity cost is still likely 100k/yr for the rest of your life, even with the FAANG salary to assistant professors. consider this: You can be a new grad, get hired at Apple, and earn an entry-level salary[0]. Let's say we won't include the bonus and you get 130k/yr. You colleague is a new grad and goes to a PhD program at Duke University[1] where they earn 33k/yr. In your first year, your PhD program colleague earns 97k less than you. From years 1-3, your average base pay will be 138k, and your PhD colleague earns the same wage. They now earn 105k less than you for each of those years. Your colleague is in the hole over 400k opportunity wise. In your 4th and 5th year, you can expect to earn 141k on average. Your colleague, still making 33k/yr, is now making 108k/yr less than you. At the end of 5 years, your colleague has completed their PhD and is in the hole over 600k in opportunity cost. Now your colleague gets an associate professorship position. This assumes your colleague is extremely lucky and does not go into a post-doc. They earn 115k [2] base at NYU. In your 6th year at apple you're still making that 141k. You're still out-earning them by 26k. Your colleague is on the tenure track, which can take 6 or 7 years. [3]. All that time you're getting more and more YoE, while their pay band stays relatively the same during this time. Let's say the opportunity cost is 26k over 6 years, so an additional 156k to their over 600k. At full professorship at NYU, your colleague is earning 162k [4] after 5 years PhD + 6 years tenure track. You, an Apple engineer (probably senior at this point), with 11 YoE are earning 165k/yr [5] at this point. Your colleague has cost themselves 750k in opportunity cost, and you're still earning a bit more than them! A full professor may never catch up to the opportunity cost of academic track, salary wise. tl;dr: EVEN IF you get paid 160k base as a full professor, your years of phd + tenure track associate professor salary will mean you will likely never, ever catch up with someone who new-graded at a FAANG and never left that circle. 0. https://www.glassdoor.com/Salary/Apple-Software-Engineer-New-Grad-Salaries-E1138_D_KO6,32.htm https://www.glassdoor.com/Salary/Apple-Software-Engineer-New... 1. https://gradschool.duke.edu/financial-support/tuition-fees-and-phd-stipends/ https://gradschool.duke.edu/financial-support/tuition-fees-a... 2. https://www.glassdoor.com/Salary/NYU-New-York-University-Assistant-Professor-of-Computer-Science-Salaries-E2917_D_KO24,63.htm https://www.glassdoor.com/Salary/NYU-New-York-University-Ass... 3. https://www.beyondphdcoaching.com/academic-career/how-long-does-it-take-to-get-tenure/ https://www.beyondphdcoaching.com/academic-career/how-long-d... 4. https://www.glassdoor.com/Salary/NYU-New-York-University-Professor-Salaries-E2917_D_KO24,33.htm https://www.glassdoor.com/Salary/NYU-New-York-University-Pro... 5. https://www.glassdoor.com/Salary/Apple-Senior-Software-Engineer-Salaries-E1138_D_KO6,30.htm?selectedLocationString=N%2C1&filter.jobTitleExact=Senior+Software+Engineer&employerId=1138&experienceLevel=TEN_TO_FOURTEEN https://www.glassdoor.com/Salary/Apple-Senior-Software-Engin...

uberman 4y ago

Let's say that was true and I am calling BS on it as I happen to consult in higher ED at an Ivy. Would it be a problem if it was true that someone with a phd and 3 or 4 years of additional research experience were to make the same salary as a newb undergrad? Note, where I consult, new 4 year grads get offers that often exceed the salary of their tenured professors.

robwwilliams 4y ago

I doubt that. What does UCLA pay entering STEM AI faculty? FAANG salaries for MS in CS at or above $300k. Starting salary in genomics, stats, ML and AI in a very well funded medical college with PhD and 4-year postdoc is less than half that.

arghnoname 4y ago
FAANG don't typically pay someone with just a masters in CS $300K fresh out of school, perhaps excluding someone in a very in demand niche. I didn't get that from my offers and I had a PhD from a good school. Maybe I just suck, but I compared notes with my peers, so we must all suck. From what my friends got in academia and industry, I'd say at entry-level, professors at good schools are competitive with FAANG salaries, particularly when the cost of living is lower where the university is located. The raises and promos lead industry people to outpace them though because of the lower ceiling in academia.

ls612 4y ago

Assistant professors (tenure track) in decent public business schools start at $300k salary. And this is in the Midwest. And I know that the top private business schools pay more, just that it isn’t public information like it is at the public universities. Now obviously those people would likely be paid higher salaries in the private sector (even CoL adjusted) but the economics of it ensures that pay for professors of fields in demand in the private sector will be at least somewhat decent.

anvuong 4y ago
What are those universities? In Pacific Northwest it's only 100-150k for Assistant Prof from what I've seen.
- ls612 4y ago
  It’s specifically for profs in the business school, who are in very high demand from the private sector. For many other departments those figures are correct.