Faculty Member Salary

Average Faculty Member Base Salary in the United States

Average Base Salary

$104,761 Per Year

Salary Range: $46,721 to $193,240

Faculty Member Salary

$46,721

10%

$61,491

25% 

$ 104,761

AVERAGE

$129,942

75%  

$193,240

90%  

How Much Does a Faculty Member Make Per Year in the United States?

The national average salary for a  Faculty Member is $104,761 per year in the United States. It can vary depending on the employer and the skills required for that position, but generally, it will be about $104,761 or more annually for a gross salary. Taxes impact salaries, so to get the net salary we’ve crunched the data and gotten the tax information on what the take-home pay would be after the effective income tax rates. 

Technology Used

Microsoft Excel – Spreadsheet software

Microsoft PowerPoint – Presentation software

Google Docs – Word processing software

IBM SPSS Statistics – Analytical or scientific software

R – Object or component oriented development software

Hypertext markup language HTML – Web platform development software

Google Gmail – Electronic mail software

Web browser software – Internet browser software

Knowledge and Expertise

Education and Training

Administration and Management

Economics and Accounting

Mathematics

Law and Government

Computers and Electronics

Soft Skills

Speaking

Instructing

Reading Comprehension

Active Listening

Writing

Learning Strategies

What is the salary range of a Faculty Member?

Faculty Member salaries vary depending on the company you work for, your experience level, industry, education, and years of experience. The average annual salary is around $104,761 but a Faculty Member can earn a base salary anywhere from $46,721 to $193,240 per year with some companies paying more than others.

Pay ranges on average for a Faculty Member job title only vary a good amount, which may mean that there are many opportunities to earn more income in the future regardless of the employers or your location, industry, and experience.

A salary range that varies also means there is ability to move up within the company, as there may be as many opportunities for advancement or to change your job title. This opportunity for  advancement can help with can increase their job satisfaction and motivation.

What are the Highest Salaries for a Faculty Member?

The highest Faculty Member salaries in the top 10% earn more than $193,240 per year. The salary range for the top 75% – 90% is between and $129,942 and $193,240 annually.

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What are the Lowest Salaries for a Faculty Member?

The lowest Faculty Member salaries are in the bottom 10% of earners who make less than $46,721 per year. The salary range for the lowest 10% – 25% is between $46,721 and $61,491 annually.   

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What is a Good Salary for a Faculty Member?

If we only look at the data for Faculty Member salaries and we don’t compare it to any other jobs, a good salary for a Faculty Member job would be over $104,761 per year. This is the average salary for this position in the United States. An excellent pay for a Faculty Member would be anything over the top 75%, which is $129,942 annually.

How Can I Increase My Salary as a Faculty Member?

There are a few ways you can increase your average salary for a profession as a Faculty Member. One way is to get promoted to a higher level and take on more duties within your employer. Another way is to gain more experience and skills in your career. You can also try negotiating higher compensation next performance review, when you are up for renewal or starting a new contract with a business.

Finally, you can look for a new job at a different employer that pays more. One thing not to overlook is companies often give their employees incentives and benefits outside of salaries. The total compensation, like healthcare, paid vacation days, 401k matches, bonuses, overtime, professional development, a career path in the company, and other benefits, need to be considered, which can add up to a lot more money than just a salary increase.

What are the Top Paying Industries for a Faculty Member?

The top paying industries for a Faculty Member job vary depending on the position’s specific responsibilities, employers, and qualifications. However, some common reported high-paying industries for include the following:

  • Professional, Scientific, and Technical Services
  • Colleges, Universities, and Professional Schools
  • Federal, State, and Local Government
  • State Government
  • Junior Colleges
  • Finance and Insurance

Does a Faculty Member Have a Good Quality of Life?

Based on an average 2-bedroom apartment rental price, a Faculty Member would pay 15.63% of their monthly take-home pay towards rent. That’s $1,310 per month or $15,720 yearly for a two-bedroom apartment.

The rent is less than 30% of the monthly take-home pay for an Faculty Member, which can helps lessen a financial burden and impact their quality of life.

This is because a high rent-to-income ratio would leave less money each month for other expenses, such as food, transportation, recreation, and activities. It can lead to financial stress, impacting overall job satisfaction and motivation.

Considering the cost of living in a city when considering whether to accept a job offer is essential. If the cost of living is too high, it might not be worth it, even if the salary is good.

Does a Faculty Member make good money?

 In general, a Faculty Member can make a good salary. The national average salary is $52,632 annually which is less than the average Faculty Member salary, meaning most earn a livable wage. According to data and labor statistics from the Bureau of Labor Statistics, the average Faculty Member pay is above the median salary.

However, salaries can vary depending on the company you work for, what you are responsible for, education, college degree, work experience, job market, and your experience level. The highest-paid can earn upwards of 193,240 per year, while the lowest-paid income is less than 46,721 annually.

If you want to maximize your earnings as a Faculty Member, take on more responsibility, and gain more experience in related skills. Also, build interpersonal skills and strong leadership skills, get a certification in your field and then negotiate for a higher salary next performance review, when you are up for renewal or starting a new contract with a business.

The best thing you can do is develop yourself and gain knowledge. Many courses, additional training, and professional development opportunities in your area can help increase your skills and development in your job or related field.

You can also get your resume reviewed and look for a new employer that will hire and pay more or look for a career change that is hiring and may interest you more.

Salaries are also relative to the cost of living in different parts of the country. For example, the compensation for a Faculty Member will need to be higher if it is in or closer to larger cities like New York City or some states like California. The increase in pay in these areas is because of the higher than average cost of living and more interested applicants for employment versus someone living in a small town. With the cost of housing increasing and medical care premium costs, it is essential to ensure you are getting paid what you are worth.

How do I know I’m being paid fairly as a Faculty Member?

The easiest way is to see how close your current salary is to the average pay for your position in your state and city. If your income is below the estimated average wage in your area, you can try to negotiate for a raise.

You can use our research and tools to discover the average salary for a Faculty Member in your city or region to see if you are being compensated fairly. You may also compare your income to similar jobs and careers to determine whether you are underpaid or overpaid. Lastly, you can set up job alerts to see how the job market trends.

A few other ways you can research whether you’re being paid fairly as a Faculty Member is to do a job search to look at job postings for similar positions and see the estimate for the listed salary range. You can also talk to people in your network who have similar jobs and ask them what they earn. Finally, you can try negotiating a higher pay when you are up for renewal, having a performance evaluation, or starting a new contract.

What Factors Determine the Salary of a Faculty Member?

The money a Faculty Member can make each year greatly depends on a few components that determine an average base salary.

The company you work for is one of the main factors that affect how much a Faculty Member earns.

The compensation will also depend on the location, as some states and cities have a higher cost of living than others. Other factors that affect compensation are the number of hours worked, company size, job type, level of experience in your career, and location.