The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Millionaire professions Date:  1/22/2019  8:07 PM
Author:  BruceBrown Number:  91693 of 93709

I wonder if the "teacher" category includes college professors. Including them would certainly pull up the average.
Not necessarily.

Median salary is 72K. The outliers tend to be the med school doctors, the rock star scientists in their field, and the b-school and law school teachers. My husband, with a Ph.D. makes less than 45K for a full teaching load. Plus the adjuncts frequently are skating the line of not making it. We don't value teaching at any level.


True that, Kristi!

The U.S. Bureau of Labor Statistics reports that the average salary of a University Professor was $75,430 annually as of May 2016. The lowest-paid 10 percent of all University Professors earn less than $38,290, while the highest-paid 10 percent are paid more than $168,270 per year.

Don't forget that they had to endure 4 years for the undergraduate degree + 2 years Masters + 2+ years PhD = average total of over 10 years.

A PhD takes twice as long as a bachelor's degree to complete. The average student takes 8.2 years to slog through a PhD program and is 33 years old before earning that top diploma. By that age, most Americans with mere bachelor's degree are well into establishing themselves professionally.Jul 10, 2012

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us