No. of Recommendations: 2
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.

Kristi


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.

https://www.careermatch.com/job-prep/career-insights/article...

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
https://www.cbsnews.com/news/12-reasons-not-to-get-a-phd/

BB
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.