Are you thinking about applying to a PhD program? Are you already a doctoral student? PhD is a huge investment of time and money. So make sure you spend 15 minutes of your time reading this blog devoted to PhD program success and survival tips. I'm confident that these tips can save up to 10 years of your life, up to $1,000,000 of your money, and, most importantly, your physical and emotional health.

Tuesday, April 7, 2009

Teaching: You do the math....

If you think teaching is your calling, I strongly encourage you to look at the following statistics:

  • 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,
  • 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.

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