The average NYU professor’s salary ranks 7th among the list of top ten private universities in faculty salaries for 2010-11, sandwiched between two Ivy League schools — Yale, ranked 6th, and UPenn, ranked 8th.
The American Association of University Professors (AAUP) released on Monday the salary figures of educators in over 1,300 schools. The much awaited statistics have given the public a clear insight into the impact of the recession on the careers of professors. The average salary for continuing faculty members within these 1,300 schools, increased only by 1.4% in 2010-11, just under the rate of inflation.
“The overall picture this year, then, is of mostly stagnant salaries for full-time faculty members,” the report says. But NYU can not be counted among these “stagnant salaries,” as the figures below reveal:
Average Salary for NYU Professors: $175,900
Rate of average salary increase from the 2009-10 year to the 2010-11 year: 2.45%
Rate of average salary increase from the 2008-09 year to the 2009-10 year: .59%
Average Salary for Male Professors: $182,000
Average Salary for Female Professors: $160,300
For some perspective, let’s look to our NY rival to the north:
Average Salary for Columbia Professors: $191,400
CU Professors’ rate of average salary increase from the 2009-10 year to the 2010-11 year: 1.5%
CU Professor’s rate of average salary increase from the 2008-09 year to the 2009-10 year: 5.48%
Average Salary for Male Professors: $196,500
Average Salary for Female Professors: $174,100
It seems that even though Columbia professors still make more money on average than NYU professors, our rate of increase this year (2.45%) is far greater than theirs (1.5%).
It is very important to match these rates of increase with the NYU tuition increase. The NYU Professor is enjoying an increase of salary in 2011-12 while the NYU Student can look forward to a dreary 3.8% increase in tuition and mandatory fees.