Originally Posted by
light up the darkness
My institution has a budget this year of over $1 billion dollars.
My College which is the smallest of 3 has over 28,000 students
I’m dean of a post graduate centre which has 5000+ students
Professors here are paid $150,000 a year as a basic and they can earn more depending on what managerial type roles they take on.
The Vice chancellor earns just under $1 million per year plus bonus
This in the world wide Academic community is not unusual.
In the UK however good salaries paid to some excellent academics is not very common and when published invites all kind of judgements and comparisons being made
It has been estimated that my institution contributes over $5 billion dollars to the economy of Australia per year. And in addition provides employment for thousands of support type roles which do not require any high level qualifications.
It’s a different game altogether