What is the Average Salary for a Psychology Professor?

In my last post, I tried to gauge the state of the academic job market in psychology by comparing the number of new doctoral graduates each year with the number of new tenure-track faculty positions that become available each year (or at least the number of positions posted to the psych jobs wiki each year).

Based on yearly comparisons going back to 2007, I estimated that the chances of securing a tenure-track faculty position right out of graduate school are quite low, possibly as low as 18% [1].

In this post, I want to address another important question that anyone on the academic job market should consider:

If you are fortunate enough to actually land a tenure-track position in psychology, what can you expect to be paid? And how will your salary as a psychology professor compare to the salaries of professors in other fields?

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What are the Chances of Becoming a Psychology Professor?

In a recent follow-up to this post, I estimate the chances of landing an academic job in Psychology based on 21 years’ worth of data from the NSF Survey of Earned Doctorates. Check it out here.

In my last post, I presented some data from the U.S. Department of Education on the number of people that graduate each year with a doctoral degree in various areas of psychology. And as we saw, most areas of psychology have undergone considerable growth in the last decade, graduating on average 39.82% more doctoral students in 2013 than in 2003.

In this post, I’m going to delve deeper into the current state of the field by taking a look at the availability of jobs in psychology – specifically, tenure-track faculty positions at colleges and universities.

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