- The estimated average salary of all public elementary and secondary school teachers in the 2004–05 school year was $47602 (Source: United States Labor Statistics, http://www.bls.gov/oco/ocos069.htm)
- According to a 2004-05 survey by the American Association of University Professors, salaries for full-time faculty averaged $68,505. By rank, the average was $91,548 for professors, $65,113 for associate professors, $54,571 for assistant professors, $39,899 for instructors, and $45,647 for lecturers
Don't forget to factor in the following when comparing those two salaries:
- It takes, on average, 4-6 years beyond your masters to get a PhD degree.
- Your chances of getting a position of an Assistant Professor can be as low as 5% in some fields.