A Study Reports that Indian Professors are Best Paid among BRIC Nations

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A recent study conducted by the Center for International Higher Education, Boston and the Higher School of Economics, Moscow revealed that professors from India are highest paid among BRIC (Brazil, Russia, India and China) nations. The results of the study have been publishd in a book  “Paying the Professoriate: AGlobal Comparison of Compensation and Contracts”, which compares the salaries of professors from 28 countries on the basis of the purchasing power parity (PPP) and found that the entry-level salary (that of an assistant professor in PPP terms) in India is $3,954. While their peers in China, Russia and Brazil earn $259, $433 and $1,858, respectively.

The salaries in India are less than that in the US ($4,950) and in Canada ($5,733), which topped the list. It was also found that full-time academicians in India live comfortably like their peers in the US, the UK, Germany and Australia. On an average, they make $6,070 a month. The study’s sample size comprised teachers from government and aided institutions.

According to Madhu Nair, Dean of Faculty of Commerce, University of Mumbai, said that the study should be taken with a pinch of salt. He, however, justifies high salaries for teachers as a teacher’s future prospects are very limited as compared to those of people in other professions. Meanwhile, the planning commission is reportedly using this study to chalk out a comprehensive plan to fill vacancies on campuses.