3 ms·
Before you comment on the "jaw-dropping compensation", Please read this: http://www.businessweek.com/magazine/content/07_50/b4062038784589.htm?campaign_id=rss_
by cellis 19y ago
Before you comment on the "jaw-dropping compensation", Please read this:
http://www.businessweek.com/magazine/content/07_50/b4062038784589.htm?campaign_id=rss_daily http://www.businessweek.com/magazine/content/07_50/b40620387...
"...but says that the going annual rate today for theoreticians of his caliber is $400,000 to $600,000, which includes salary and research support. This is for an assistant professor, the level at which Yale does most of its hiring. The price tag for top experimentalists, who have far more extensive laboratory needs, is $1.5 million to $2 million, according to Shankar, who remains on the Yale faculty."
So there you go. Its all about talent!
- theorique 19y agoIt may be all about talent, but that cool half-mil is not all salary. A large percentage of that money goes to funding for a couple of grad students and postdocs, equipment and supplies (a theoretician still needs fast computers) travel expenses to conferences to present those world-class papers, and so forth. Probably no more than $100-150K of that represents salary for the professor. Also, is that money start-up funding (a lump sum) or annual support? It's not clear the way it's written, but a top researcher would most likely be expected to secure solid external support from government (National Science Foundation, DARPA, etc), corporate, and other funding sources within a year or so.