Economics Professors Salary 2017: How Much Money Do They Make

Stanley TanLeave a Comment



hourly pay for Postsecondary Economics Teachers
do Postsecondary Economics Teachers make a lot of money

Postsecondary Economics Teachers

Other names for this job might include Adjunct Instructor, Adjunct Instructor in Economics, Agricultural Economics Professor, Agricultural Economics Teacher, Assistant Professor, Assistant Professor of Economics, Associate Professor, Associate Professor of Economics, Business Administration Program Chair, Business Instructor


  • $111520
    Salary
  • 83%
    Job satisfaction
  • Hard
    Becoming one
  • High
    Job growth
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A



How Much Successful Economics Professors Make In 2017


In this salary guide, you will find out how much do Postsecondary Economics Teachers make.

After reading this, you will be able to make a decision if working as a Postsecondary Economics Teacher will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$111520 per year


1 of the most popular questions we get from our readers here at OwlGuru is how much do Economics Professors make per year and what is their hourly wage.

According to BLS, the average annual salary of Economics Professors is $111520. Their salary can also be as low as $47560 if you’re still a newbie with no experience to over $195730 if you have a ton of experience under your belt.

Just like any other job, the salary of An Economics Professor will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
A

We wanted to make it easy for our readers to compare the salary of An Economics Professor to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Economics Professors make with other careers, they have a salary rank of A.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$*$195730
Senior (Top 25%)$*$134280
Middle (Mid 50%)$*$95770
Junior (Bottom 25%)$*$67190
No experience (Bottom 10%)$*$47560


Entry-level Economics Professors who starts out at $67190 can expect to make $95770 after 3-5 years of experience in the field.

While the median wage is $95770 per annum or $* per hour.

Depending on who you work for, you might also get overtime pay.

* = This career is normally not paid on an hourly basis
# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Colleges, universities, and professional schools, Local government owned(data not available)120020
Colleges, universities, and professional schools, Privately owned(data not available)112370
All industries, private ownership only(data not available)111840
Educational Services, Privately owned(data not available)111840
Colleges, Universities, and Professional Schools (including private, state, and local government schools)(data not available)108220
Colleges, universities, and professional schools, State government owned(data not available)103750
All industries(data not available)102120
Educational Services (including private, state, and local government schools)(data not available)102120
Educational Services, State government owned(data not available)98710
State government, including schools and hospitals(data not available)98710
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service(data not available)95660
Educational Services, Local government owned(data not available)84590
Local government, including schools and hospitals(data not available)84590
Junior colleges, Local government owned(data not available)78610
Junior Colleges (including private, state, and local government schools)(data not available)72890
Junior colleges, State government owned(data not available)60960

Not all industries pay the same for Postsecondary Economics Teachers.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
MA$*$132820
MI$*$126730
NH$*$126370
NJ$*$125420
IL$*$120240
NY$*$116940
CA$*$116280
NC$*$115950
IN$*$115170
AL$*$114040

Another simple way to boost your pay as An Economics Professor is to move to a higher paying state. However moving to a higher paying state like MA doesn’t mean you will make more overall. This is because the expenses at MA may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Economics Professors are in the states of MA, MI, NH, NJ and IL. The average salary in MA is $132820.

* = This career is normally not paid on an hourly basis


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Related to Postsecondary Economics Teachers Salary

Postsecondary Economics Teachers salary, how much do Economics Professors earn, Postsecondary Economics Teachers hourly wage, Postsecondary Economics Teachers annual pay, highest paying industries for Economics Professors, which states pay the highest for Economics Professors

Additional resources

http://www.bls.gov/OOH/education-training-and-library/postsecondary-teachers.htm
http://www.cgsnet.org/
https://www.acteonline.org/
http://www.teach.org/

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Postsecondary Economics Teachers
Written by: Stanley Tan
Postsecondary Economics Teachers teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
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