Academic Salaries in the UK and Ireland
On Wednesday, January 29, INOMICS released the Economics Job Market Report 2013 (UK and Ireland). This report, based on the findings of the Economics Job Market Survey conducted in 2013, introduces the reader to various aspects of the job market in economics, business and finance, concentrating primarily on the academic field.
As shown earlier in our post “How Much Econ Professors Earn? Salaries in Academia by Country”, the UK is on the list of countries that remunerate their economists quite well. As can be seen in the graph above, entry-level academic positions, such as PhD Candidate, Researcher or Post Doc, tend to pay less than 50,000 US$ per year, though this number is still significantly higher than in many other countries and regions. Salaries for Professors start, on average, with 61,000 US$ per year for Assistant positions, and go above 95,000 US$ per year for Full Professorship positions.
However, there are of course many factors influencing the salary an economist might earn, including years of experience, the highest degree obtained and so on. Our findings show that salaries are strongly correlated with one’s highest degree, and having a PhD determines a stable increase in the average pay.
More details on the findings and methodology of the survey can be found in the full version of the report, which is available for free download on the INOMICS site.
Countries with the Highest Salaries for Academics
In 2018 INOMICS released another of its Salary Reports which provides an overview of a survey conducted of 2175 people in 2017 and contains insights into the job market. Respondents came from 117 countries, 17 more than the year previously, and the figure of those asked represented an increase of 11% on the previous year.
Professors Think That Academic Publications Are Much More Relevant For Their Employability Than Their Teaching Skills
The world of academia is constantly changing, so much so that the importance to Professors, of different academic and career achievements, is shifting in ways that may be somewhat unexpected.
Teaching Tips for New Professors and Lecturers
Though most new professors have already clocked countless hours in the classroom as teaching assistants, the shift to being the sole authority in the room can be a very scary one. No matter how prepared you might feel, the first days (or weeks or months) at any new job tend to be a bit overwhelming. Whether you feel like going home and hiding under the covers until winter break or you just need a little extra boost to get you on the right track, the following 10 tips will help you stay motivated, organized and ready for the coming academic year.