The Highest Paid Professors in America

A blog about business and economics.
April 9 2012 4:02 PM

The Highest Paid Professors in America

Massachusetts Hall, Harvard University
Massachusetts Hall, Harvard University

Photograph from Wikimedia Commons.

In a disappointingly noncounterintuitive finding, the Chronicle of Higher Education discovers that the highest-paid full professors in America work at rich and famous Harvard. The top 10 is rounded out by Columbia, the University of Chicago, Stanford, and Princeton. Readers of The Rent Is Too Damn High will note that this actually gives Chicago a substantial edge over its peers. Housing supply is much less constrained in Chicago than in New York, Boston, Palo Alto, or New Jersey, and, consequently, getting paid $197,800 to work at Chicago leaves you better off than making $198,400 at Harvard.

Another boring finding is that public universities pay less than private ones. More interesting is that there seems to be considerably more variance in how schools pay "instructors" than in how they pay tenured professors. The Chronicle's numbers suggest that Princeton is shelling out an average of $76,800 while Harvard is offering just $56,700. All things considered, these are two highly paying schools, but that's an enormous percentage-wise gap for basically comparable institutions in terms of wealth and prestige.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

Sports Nut

Grandmaster Clash

One of the most amazing feats in chess history just happened, and no one noticed.

The Extraordinary Amicus Brief That Attempts to Explain the Wu-Tang Clan to the Supreme Court Justices

Amazon Is Officially a Gadget Company. Here Are Its Six New Devices.

Uh-Oh. The World’s Oceans Have Broken Their All-Time Heat Record.

The NFL Explains How It Sees “the Role of the Female”

Future Tense

How to Keep Apple From Sharing Your iPhone Data With the Police

Food

How to Order Chinese Food

First, stop thinking of it as “Chinese food.”

A Simple Way to Keep Apple From Sharing Your iPhone Data With the Police

The Country Where Women Aren’t Allowed to Work Once They’re 36 Weeks’ Pregnant

The XX Factor
Sept. 18 2014 11:40 AM The Country Where Women Aren’t Allowed to Work Once They’re 36 Weeks’ Pregnant
  News & Politics
Weigel
Sept. 18 2014 8:20 PM A Clever Attempt at Explaining Away a Vote Against the Farm Bill
  Business
Moneybox
Sept. 18 2014 6:02 PM A Chinese Company Just Announced the Biggest IPO in U.S. History
  Life
The Slate Quiz
Sept. 18 2014 11:44 PM Play the Slate News Quiz With Jeopardy! superchampion Ken Jennings.
  Double X
Doublex
Sept. 18 2014 8:07 PM Crying Rape False rape accusations exist, and they are a serious problem.
  Slate Plus
Behind the Scenes
Sept. 18 2014 1:23 PM “It’s Not Every Day That You Can Beat the World Champion” An exclusive interview with chess grandmaster Fabiano Caruana.
  Arts
Brow Beat
Sept. 18 2014 4:33 PM The Top 5 Dadsplaining Moments From The Cosby Show
  Technology
Future Tense
Sept. 18 2014 6:48 PM By 2100 the World's Population Could Be 11 Billion
  Health & Science
Science
Sept. 18 2014 3:35 PM Do People Still Die of Rabies? And how do you know if an animal is rabid?
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.