Jobs in education sector are not very often associated with high monthly income. In fact when talks about the cliché “do what you love”, he or she is indirectly referring to the education sector where professionals commit to years of study and earn multiple degrees to secure a job which is necessarily not very high paying. However the new generation of jobs in education sector is now paying salaries which are comparable to other high income industries. A career in education is undeniably the most satisfying and noble of all. But if you are looking for some serious cash within education, it is essential to do some research. Here are presented some of the highest paying jobs in this sector:
The chief executives of some of the top tier universities are paid very well for their services. They might be called by different titles such as President, Provost or simply Chancellor, depending on the size of the institutions. There is no doubt that this job requires extensive experience and excellent academic credentials. However, once you are on the job, the salaries are absolutely mouthwatering. A chief of the smallest of campuses will also earn about $ 100,000 per month, while some lucky few can earn up to $3 million who have shown extraordinary excellence in their entire academic and teaching career. No need to say, the competition for these positions is extremely tough. Only the best of the best are able to crack it to the top.
· Academic Dean
Deans are to postsecondary institutions what chancellors are to universities. Academic deans are the head of a school or a college. The academic requirements do not differ very much from that of chancellor, though master’s degree is also acceptable for some exceptional cases, where the candidate has shown positive benchmarks throughout his career. The responsibilities vary from overseeing the research initiatives of the college to collecting funds. The average annual compensation for dean is around $80,000 to $90,000 as per data provided by BLS of the United States.
· Law professors
Teaching law is a highly profitable proposition as the pay scale for law professors in large universities is as high as $100,000 (& even higher as per Forbes 2014). The profile of a law school professor varies slightly in different parts of the world. While in the United States, doctorate isn’t a compulsion for teaching in law school, elsewhere graduate degrees are the primary requirement. In fact, in countries like Britain, Europe, Australia, institutions wouldn’t appoint faculty with less than a master’s degree. Experts will agree that to continue a career as a scholar and academic, Ph.D. is essential. Competition is again cut-throat as number of available lawyers is increasing faster than available jobs.
· Health and Allied Health Specializations professors
Professors preparing would-be nurses, doctors and similar medical professionals are paid a handsome amount of money for what they do. The Forbes 2014 report puts the mean annual salary to be around $105,880. While the pay seems excellent, the prerequisites for such a teaching position are equally stringent. A degree in medicine or doctorate in the relevant field, and years of hands-on experience are a must. BLS puts the job growth prospects as excellent, expecting them to reach 17 to 20 percent owing to the rising need of healthcare professionals to take care of ailing population.
· Professors of Engineering
Teaching the engineers of future is no small task and therefore academic professionals specializing in this area can earn salaries up to $100,000 or more. The role requires a master’s degree at the very least although most top technology institutions do not look beyond doctorates. If the candidate has practical research and industry experience nothing like that. In addition to teaching, these professionals can also be asked to be a part of various research projects. The outlook is as bright as it can be since student enrollment for technology and engineering courses doesn’t seem slowing down.
These are only the top five of the best paying jobs in education. There are many other teaching positions in fields like economics and commerce where the monetary compensations are totally worth the efforts.
Saurabh Tyagi is a blogger and a professional career author with proven expertise in writing for topics related to jobs, job trends, different job opportunities, various workplace and industry information, tips and strategies for job seekers.