What's the average salary of a college professor?

Hi! I'm a high school junior, and I wanted to know what college professors typically make in the U.S. Can anyone give me an idea of their average salary? I'm potentially interested in the profession, but I want to have a better understanding of the financial aspect. Thanks!

Hi! It's great to see that you're considering the profession of being a college professor. The average salary for a college professor in the U.S. can vary quite a bit based on several factors such as the type of institution, the subject they teach, and their years of experience.

In general, college professors at private institutions or well-funded state universities tend to earn higher salaries compared to those at community colleges or smaller state schools. Additionally, faculty in fields like business, engineering, or the sciences often receive higher pay than those in the humanities or social sciences.

According to the Bureau of Labor Statistics, as of May 2020, the median annual wage for postsecondary teachers (including college professors) was around $80,790. However, this statistic combines all disciplines and types of institutions, so it's essential to keep in mind that the number can differ quite significantly for specific situations. Salaries can range from around $40,000 for entry-level positions to well over $100,000 for experienced and distinguished professors at prestigious institutions.

When considering a career in academia, it is also essential to understand that obtaining a professorship can be quite competitive, and may require many years of post-graduate education, research, and experience. Additionally, job stability can vary, as more institutions are relying on part-time faculty and adjunct professors who are paid on a per-course basis and often receive lower compensation than their full-time, tenured counterparts.

It's crucial to weigh the financial aspects along with your passion for teaching and research before pursuing this career. If you love the subject, enjoy sharing knowledge with others, and are prepared for the long journey to secure a position, it can be a rewarding profession!