The average salary for a law professor is $145,000. The median salary is $130,000. The lowest 10 percent earn less than $85,000, and the highest 10 percent earn more than $215,000.
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How Much Law Professor Make
As of May 2018, the median annual salary for law professors was $129,500, according to the U.S. Bureau of Labor Statistics. The top 10 percent of earners made more than $187,199, while the bottom 10 percent made less than $68,000.
Salaries vary widely by school, region and type of institution. For example, professors at elite private schools in major metropolitan areas tend to make significantly more than their counterparts at public institutions or lower-ranked private schools.
Top Law Professor Salary
There is no question that law professors are some of the highest-paid professionals in the country. In fact, according to recent data from the U.S. Bureau of Labor Statistics, the average salary for a law professor is a whopping $136,260 per year!
But what about the very top law professors in the country?
What do they earn?
Well, it turns out that there is quite a wide range in salaries for law professors, depending on factors such as experience, location, and type of school. For example, at elite private universities like Harvard or Stanford, senior law professors can easily earn upwards of $250,000 per year.
On the other hand, entry-level positions at public universities typically pay much less – often around $60,000-$70,000 per year.
So if you’re looking to make big bucks as a law professor, it definitely pays to be at an elite school!
Credit: www.timesofisrael.com
Do Law Professors Make a Lot of Money?
The quick answer is “it depends.” Law professors can make a lot of money, but it varies greatly depending on the school, the type of law being taught, and the professor’s experience. At top schools, full professors can earn six-figure salaries.
But at many other institutions, adjuncts and part-time instructors are paid relatively little.
So why do people become law professors? For some, it’s simply a love of teaching and learning.
They want to share their passion for the law with students and help shape the next generation of lawyers. For others, it’s an opportunity to earn a good income while maintaining a flexible schedule that allows them time for research or writing. And then there are those who view teaching as a stepping stone to a higher-paying job in the private sector.
Whatever the reason, there’s no question that law professors can make a good living. But it’s important to keep in mind that not all law professors are created equal when it comes to earnings potential.
How Much Do Top Law Professors Make?
As of 2018, the median salary for law professors was $140,000 per year. The top 10% of earners made more than $208,000 per year, while the bottom 10% earned less than $68,000 per year. Salaries vary widely by school and region, but the highest-paid law professors typically work at prestigious schools in major metropolitan areas.
How Do Law Professors Make Money?
Law professors are some of the highest-paid professionals in the United States. The average law professor salary at a top law school is over $200,000 per year. However, there is significant variation in pay among different law schools and different types of law professors.
The vast majority of law professors are tenure-track faculty members who teach courses, conduct research, and write scholarly articles. Tenure-track faculty members typically have four-year contracts that are renewable. These contracts usually include a salary guarantee and annual raises.
In addition to their salaries, many tenure-track faculty members also receive research stipends and summer teaching bonuses.
Non-tenure track faculty members typically have one-year or short-term contracts. They may teach courses, but they do not engage in research or publish scholarly articles.
As a result, they are paid significantly less than tenure-track faculty members. The average non-tenure track salary is around $60,000 per year.
There are also adjunct professors who teach courses on a part-time basis.
Adjuncts are not employed by the university on a full-time basis and they do not receive benefits such as health insurance or retirement contributions from the university. Adjuncts typically earn $3,000-$5,000 per course that they teach.
Do You Need a Phd to Be a Law Professor?
No, you do not need a PHD to be a law professor. A law professor is typically someone who has attended and graduated from law school and then gone on to teach at a college or university level. In some cases, individuals with other advanced degrees may be able to teach law courses as well, but a PHD is not required.
Conclusion
Law professors typically make between $60,000 and $180,000 per year. The median salary for law professors is approximately $145,000. The salaries of law professors can vary depending on the type of school they work for, their experience, and the location of the school.