Canadian Profs Making Fat Stacks
Topic : Education News
A new global analysis of faculty salaries at public universities has indicated that Canada offers the best faculty pay. The analysis looked at schools in 28 countries and was designed to make comparisons possible by focusing on purchasing power, not pure salaries. Doing so allowed countries with relatively low salaries and low costs of living to be competitive with those offering higher base pay.
The Great White North came in first for those newly entering the academic profession, average salaries among all professors and those at the senior levels (essentially, Canada offers the best faculty pay. Strange but evidently true). Italy, South Africa, India (!!) and the United States rounded out the top five.
The findings are the result of a research project between the Center for International Higher Education, at Boston College, and the Laboratory for Institutional Analysis at the National Research University Higher School of Economics, in Moscow. The authors of the study have released a series of articles about the project, which will be fully detailed in a forthcoming book: Paying the Professoriate: A Global Comparison of Compensation and Contracts.
There are, of course, numerous factors involved in these data, including the influence of taxes and private higher education sectors (the latter is a particularly important factor for the united states, as its exclusion means that institutions with the highest salaries were not included). Nevertheless, it does reveal trends in the global academic market for talent, and the capability for relatively poorer countries to hold onto homegrown academics and professors. Please click here for more on the analysis of global faculty salaries.
What do you think about these findings?