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That depends on the field. At least in my field, doing identical work in industry starts at 100k, while a postdoc salary would be 35-40k. Which one is the "ma
by jofer 12y ago
That depends on the field. At least in my field, doing identical work in industry starts at 100k, while a postdoc salary would be 35-40k.
Which one is the "market" rate?
- jonas21 12y agoBoth. You have a choice between: A. $100k in cash compensation, or B. $40k cash + a shot at becoming a tenure-track professor. The market is saying that opportunity to possibly become a professor is worth $60k.
- bdevani 12y agoSince the private sector/industry work is competitive, it is considered market rate. The reason that post-docs are not considered market rate is that the institutions do not compete with each other, and the rate is determined without concern of the applicants.