Salaries in academia

hj2k_x said:
514000 for a prof?! That is niiiiice money.
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That really is not a lot of money for a highly educated professor. My monthly total guaranteed package is ±R600K p/a, and I do not have any tertiary education. (Got where I am through hard word and long hours!)
 
geezer said:
That really is not a lot of money for a highly educated professor. My monthly total guaranteed package is ±R600K p/a, and I do not have any tertiary education. (Got where I am through hard word and long hours!)
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it depends on what is acceptable for your standard of living,
 
geezer said:
That really is not a lot of money for a highly educated professor. My monthly total guaranteed package is ±R600K p/a, and I do not have any tertiary education. (Got where I am through hard word and long hours!)
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Can I ask how long it took you to get to a position where you are earning that much?
 
hj2k_x said:
Just completing my LLB. Have an honours in Business Science and a Diploma in Computer Science :cool:

Just looking at all the options...

Practice vs academia etc/
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Why would the two be mutually exclusive? I'm sure that consulting fees would come in there if you get good enough plus other things...
 
hj2k_x said:
Can I ask how long it took you to get to a position where you are earning that much?
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A very loooooong time!:eek: Next week 6 October I will be working for 26 years for the same company.
 
hj2k_x said:
Well at some stage I have to choose a path and stick with it...
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What I'm saying is that even if you were a prof, it doesn't mean you can't use the system to your advantage. It's capitalism - if you have good ideas come to you in the middle of research (bankable ideas of course), then monetize them. Simple really.
 
R300k - R500k for somebody with that level of education, research and lecturing experience really is not that much. I get not much less than R300k and I've only been working for 3 years. Hell a typical SAP consultant gets around R300/hour.
 
hj2k_x said:
Krikey moses! I plan to be retired by then :D
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Naaaa! I am still young (46 y/o), so I still have some 19 years to go, and by that time I will have 45 years of service!:D And, hopefully a nice pension. Currently my pension stands at roughly 1.6 million.
 
smokey said:
What I'm saying is that even if you were a prof, it doesn't mean you can't use the system to your advantage. It's capitalism - if you have good ideas come to you in the middle of research (bankable ideas of course), then monetize them. Simple really.
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I see. Yes. :)
 
geezer said:
Naaaa! I am still young (46 y/o), so I still have some 19 years to go, and by that time I will have 45 years of service!:D And, hopefully a nice pension. Currently my pension stands at roughly 1.6 million.
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awesome :) prove that hard work will get you somewhere in life.
 
hj2k_x said:
Does anyone know what university professors in South Africa earn nowadays?

Google is not helping me in this regard.

Thanks

:)
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[pedantic] Academia could be a good option. Chasing the buck is not all. Work gives meaning and is not bad if you like your job (get paid for doing something you like). If you don’t like your job, move on. The attraction of the private sector is more money = more bling. A popular but dumb idea is that people who can make loads of money and keep it are the smartest people in the world. The indication of a high IQ is reflected in bank accounts. The bling-crazed majority think this because they equate success and happiness with money. A shabby academic is quite common. However, they are only clever culturally and not simply pig-stupid and bling rich. However irritating academia is, the taxpayer is carrying the burden and pressure is minimal. This is not sniping, my spouse is an academic and I am envious of her work conditions and find it difficult to empathise with a ‘hard day at work’ (if only she knew).

The work conditions in academia are very attractive - academics normally do not kill themselves with overwork, the hours can be flexible and there is no pressure to make a profit – the taxpayer funds the institution. There is status and (financial) clout, the opportunity to engage in research (this is encouraged) and access to information – if you know what you are seeking. Academics won’t be penurious but neither will they become millionaires. So unless you are seeking a ‘big bux’ lifestyle, academia wins. Work is where you spend 90% of your life, so blinging it up [your life] for a probably inferior lifestyle, seems a waste of time.[/pedantic]
 
I dunno about other faculties but in eng and cs you have to publish papers and/or co-write papers(this is where masters students come in) etc for conferences which is why 1. they always on the prowl for students who need the least supervision, 2. if they do not publish anything major you will likely see their name on a few papers, 3. funding.. it comes when point 2 is done right and more than if you did a major publication on your own.
 
Mila said:
I think it's all those Varsity girls. But that is just me:D
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Reminds me of this..

booty1.jpg


excellent way to retire ;) makes it worth it?
 
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