How much do accounting professors make?
From PhD Prep Track
Accounting professors are highly compensated. The AACSB conducts an annual faculty salary survey and reports the results. Numbers below are based on the 2008-2009 survey. The average salary of a recently hired accounting professor in 2008-2009 was $127,400. The average assistant professor earned $113,800, the average associate professor earned $114,900, and the average full professor earned $137,800. These salary numbers consider accounting professors at all types of universities and colleges. Salaries vary widely from this averages based on a number of different factors.
Salaries for accounting professors are usually higher if the employing school has a greater research reputation. Typical base salaries for accounting professors at a top 50 accounting research school start above $150,000 a year (and may start as high as $175,000). In addition to the base salary, many schools offer summer research support. The summer research support is quoted in ninths of the salary and the typical new professor at a research intensive university receives 2/9 of their salary as additional summer research support money. The combination of summer research support and base salary puts the total compensation arrangement above $200,000 a year for many of the new professors at these schools.
Salary information for individual professors at public universities is often released due to governmental disclosure regulations. The following links provide more explicit salary information:
- Salary information in Utah
- Salary information for state's that disclose this type of information.
In addition to salary, most schools offer some sort of retirement plan, health insurance package, and fringe benefits.
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