How much does a college professor make?

According to the U.S. Bureau of Labor Statistics, the median annual wage for college professors was $77,290 in May 2020. The lowest 10% of college professors earned less than $47,770, while the highest 10% earned more than $135,790.

The average salary for a college professor can vary depending on a number of factors, including:

* Rank: College professors are typically classified into three ranks: assistant professor, associate professor, and full professor. Assistant professors are the lowest-paid rank, while full professors are the highest-paid.

* Years of experience: College professors with more years of experience typically earn more money than those with less experience.

* Type of institution: College professors who work at public institutions typically earn more money than those who work at private institutions.

* Geographic location: College professors who work in large metropolitan areas typically earn more money than those who work in rural areas.

* Field of study: College professors who work in high-demand fields, such as computer science and engineering, typically earn more money than those who work in less-demand fields, such as history and English.

In addition to their base salary, college professors may also receive benefits such as health insurance, dental insurance, retirement plans, and tuition assistance for their children.

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