Industrial Economics Teacher Salary

Average Industrial Economics Teacher Base Salary in the United States

Average Base Salary

$121,404 Per Year

Salary Range: $60,133 to $296,271

Industrial Economics Teacher Salary

$60,133

10%

$90,769

25% 

$ 121,404

AVERAGE

$189,341

75%  

$296,271

90%  

How Much Does an Industrial Economics Teacher Make Per Year in the United States?

The national average salary for an  Industrial Economics Teacher is $121,404 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 $121,404 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

Facebook – Web page creation and editing software

The MathWorks MATLAB – Analytical or scientific software

Google Docs – Word processing software

Python – Object or component oriented development software

Web browser software – Internet browser software

JessX stock simulator software – Financial analysis software

Knowledge and Expertise

Mathematics

Education and Training

Economics and Accounting

Computers and Electronics

Administration and Management

Law and Government

Soft Skills

Speaking

Reading Comprehension

Active Listening

Writing

Instructing

Critical Thinking

What is the salary range of an Industrial Economics Teacher?

Industrial Economics Teacher salaries vary depending on the company you work for, your experience level, industry, education, and years of experience. The average annual salary is around $121,404 but an Industrial Economics Teacher can earn a base salary anywhere from $60,133 to $296,271 per year with some companies paying more than others.

Pay ranges on average for an Industrial Economics Teacher 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 an Industrial Economics Teacher?

The highest Industrial Economics Teacher salaries in the top 10% earn more than $296,271 per year. The salary range for the top 75% – 90% is between and $189,341 and $296,271 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 an Industrial Economics Teacher?

The lowest Industrial Economics Teacher salaries are in the bottom 10% of earners who make less than $60,133 per year. The salary range for the lowest 10% – 25% is between $60,133 and $90,769 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 an Industrial Economics Teacher?

If we only look at the data for Industrial Economics Teacher salaries and we don’t compare it to any other jobs, a good salary for an Industrial Economics Teacher job would be over $121,404 per year. This is the average salary for this position in the United States. An excellent pay for an Industrial Economics Teacher would be anything over the top 75%, which is $189,341 annually.

How Can I Increase My Salary as an Industrial Economics Teacher?

There are a few ways you can increase your average salary for a profession as an Industrial Economics Teacher. 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 an Industrial Economics Teacher?

The top paying industries for an Industrial Economics Teacher 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 an Industrial Economics Teacher Have a Good Quality of Life?

Based on an average 2-bedroom apartment rental price, an Industrial Economics Teacher 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 Industrial Economics Teacher, 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 an Industrial Economics Teacher make good money?

 In general, an Industrial Economics Teacher can make a good salary. The national average salary is $52,632 annually which is less than the average Industrial Economics Teacher salary, meaning most earn a livable wage. According to data and labor statistics from the Bureau of Labor Statistics, the average Industrial Economics Teacher 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 296,271 per year, while the lowest-paid income is less than 60,133 annually.

If you want to maximize your earnings as a Industrial Economics Teacher, 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 Industrial Economics Teacher 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 an Industrial Economics Teacher?

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 an Industrial Economics Teacher 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 an Industrial Economics Teacher 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 an Industrial Economics Teacher?

The money an Industrial Economics Teacher 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 an Industrial Economics Teacher 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.