If you are seeking sympathy for these bloody-sucking university professors, then look elsewhere. They don't do 10 hours per week toward teaching, the rest of their time goes toward their own research and other money-making interests. It's the plum job of all times!

They prey upon the poorest member of society ... the young ... charging confiscatory rates of tuition that leave these kids $50,000-$100,000 in debt even before they even start work. And how much is a college degree worth these days? Apparently less and less.

At a time when people are losing their jobs left and right, states are going bankrupt, and Obama is trying to bankrupt the nation ... these people had better not whine about getting a pay raise. In fact, it irks me that they are not taking a pay cut like the rest of us.

University tuition - where does the money go ? It doesn't go to most
of the faculty. If a student pays
$20,000 per year, that's $2000 per
course. At 100 students per lecture
that is $200,000 per course.

It doesn't go to real estate - most
buildings are donated or have been
fully depreciated decades ago.

Most courses do not require laboratory
or sports facilities.

So where does the money go ?

Business Week should look at a leading
MBA and undergraduate program, and
write an article on this - complete
with a pie chart or two.

Chart 1 :
Your tuition dollar - how much goes
to paying for lecturers, the classroom,
the lights and utilities, janitorial services, administration salaries, etc.

Chart 2 :
Total tuition revenue for a lecture course - how much goes to paying the lecturers, the graders, the cost of renting/using the classroom, the lights and utilities, janitorial services, administration salaries, etc.

It'd make for a very interesting article.

Louis you are right in your thinking but I am not even rejecting Gary's view too. He Found aprox right figures and his question also demanding..But See Faculty Job is alike a 2 hour/day n rest of the time they don't have class. So what they can do and what about holidays? We have to think over students valet, how much they are spending and Job is always scarce I suggest to Indian students check out the study programs and fees structure too...

Response to Gary:

Do your homework before you throw all of those ..."blood-sucking university professors..." under the bus. Not all universities, colleges or faculty are created equal. Should you visit a community college, for example, here is what you will most likely find:
--Faculty members teach full time; which translates into 4-5 classes per quarter.
--Faculty members top priority without exception is the students. Our job performance reviews are pretty simple: quality of teaching and service to the college and community that we serve.
--Faculty members will also be writing their own tests, making their own handouts and doing their own grading. There are no graduate or student assistants.
--Many faculty members have had previous lives. In other words, they have practical experience in their respective discipline prior to teaching. This translates into a practical rather than theoretical approc
--Finally, you will witness an example of a highly dedicated organization. Without a dedicated team effort faculty can't function at a high quality level.

If you don't want to take the word of a "blood-sucking university professor" talk to students who attend a community college. I suspect they will reinforce these facts. Hope that helps. Carol G.

I am a b' school prof in the US, so I can provide a little perspective here.
Even though I understand Gary's frustration with US higher education, I think that he directs it at the wrong crowd. As the next commentator points out, the professor salaries are not that high. Particularly for b'school profs who could be earning twice as much in the private sector. B'school Professors typically make about the same salary as their MBA grads will make upon graduation in their first job. And while the MBA grad will see her/his salary increase by 70-100% over the course of a career, a Professor will only see annual increases that are typically below inflation (except the year of a promotion in rank, but there are only two of those in a career: Associate and Full --and the second one is far from guaranteed). This is why business is one of the few fields where there is actually a shortage of PhDs to hire from. 'Why bother put in the many extra years of gruesome training in a PhD program?' seems to be a common concern.
Now, salaries of university administrators are a whole different matter entirely... My experience at several universities is that there are a lot of clueless/inefficient administrators who are paid 50 to 100% more than professors and contribute little. Of course, there are welcome exceptions but unfortunately few and far between.
Also, universities (as opposed to Community Colleges) are not just teaching schools. It is part of their mission to conduct research. So their faculty are expected to perform well in teaching (which includes preparing lectures, grading assignments, one-on-one counseling), research and administrative service to their school. Therefore inferring from small teaching loads that university professors do nothing most of the time is a little like thinking that, say, lawyers only work when they are arguing a case in a Court of law, when most of the work is actually done behind the scene.
That being said, are there faculty members who profit from loopholes in the system? You bet. Some tenured faculty members, particularly those who have reached the Full Professor rank, check themselves out, because there is not much of an incentive left for them to perform at a very high level. But overall I think that it is no worse (nor better) than in the public or private sector. You will always find people looking to minimize their efforts and to get away with it. I do not believe in the myth of the cut-throat private sector where EVERYBODY is constantly kept on edge and performs at 110% of their capacities. Sure, some people are, but not everybody. This is as much a myth as Professors doing nothing for lavish salaries.