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that's a good summary, the figures you quote are accurate the question is, then, what are the salary possibilities for a person with similar experience, statur
by plg 12y ago
that's a good summary, the figures you quote are accurate
the question is, then, what are the salary possibilities for a person with similar experience, stature in their chosen field of work, in the private sector?
my guess is there is a large range but I wouldn't be surprised (from what I've heard from friends and colleagues) if the answer is, integer multiples of academic salaries (if not 10x)
for example in Law, the equivalent of a tenured Full Professor at a large research-based university, might be a partner in a top law firm in the city they live in (a large city).
or in medicine, a specialist at a major hospital
or in engineering, a principle at a large engineering firm
etc.
- _delirium 12y agoIn areas like medicine and law I can believe that's true. However I don't think it's that common in CS or engineering. I know quite a few people who've moved from academia to industry and vice versa, and the pay difference is definitely not 10x multiples. When a professor making low six figures jumps to Google, he or she gets a pay raise, but more like 20-50%, not 10x: Google isn't making $1m+ salary offers. For engineers afaict it varies by line of work. I don't know a lot about areas where being a principal is a thing (civil engineering?), but I can imagine those are lucrative. In areas like aerospace, if you compare full-professor salaries at research institutions, to senior engineering staff salaries at places like Lockheed, they're pretty comparable. If anything it's easier to make more in academia, because you can consult on the side, whereas big engineering companies typically disallow that in their employment contracts.