Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. : "Daddy's Girl: Daughters, Managerial Decisions, and Gender Inequality" - Maddalena Ronchi (Uni. filter, Apply Associates with Academic Ranks filter, Apply Associates without Academic Ranks filter, Columbia University in the City of New York. The ideal master's program for students interested in a research career in economics or in the public or private sectors. Lunch: "TBA" - Angela Crema (NYU), Student Macro Lunch: "TBA" - Guillaume Nevo (NYU), COLLOQ. Students often find career opportunities on Wall Street, at the United Nations, or in various corporate, financial, governmental, agency, and nonprofit institutional settings. : "TBA" - Adam Oliver (LSE), Student Macro Lunch: "TBA" - Brandon Kaplowitz (NYU), Neuroeconomics Colloquium: "TBA" - Patricia Lockwood (Birmingham), Development Seminar: "TBA"- Ben Zissimos (Uni. When instructors are compensated for 11 or 12 months' work, their salaries are adjusted to a nine-month academic-year basis. The compensation relevant in determining the IBS is the Departmental Base Salary (DBS), assigned yearly to that individual for teaching, research and service, and any increases in this base due to additional responsibilities undertaken during regular University semesters. It can, however, change during the year due to many circumstances, including, but not limited to: Exclusions to the IBS: The IBS does not include compensation for irregular, short-term, and voluntary assignments (extra service pay as per Uniform Guidance terminology), such as compensation for teaching outside of normal periods (so-called minimesters) or for faculty on short-term assignment (three weeks or less) at global sites; nor does it include bonuses, one-time payments or incentive pay, such as faculty housing allowances or tuition reimbursements. Lunch: "TBA" Chiara Gardenghi (NYU), Stern Wed. Finance Sem. Si vous continuez voir ce B is granted permission to buy out of one course for research and B also devotes the summer to a research grant. Instruction/University supported academic effort, including presentations to students, mentoring trainees. message, please email Flexibility in when you are able to schedule your time., Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Ensure that faculty salary notifications are provided on an annual basis and as changes occur, indicating the approved institutional base salary. NYU is implementing this policy in order to maintain compliance with the federal governments regulatory compliance requirement contained in Code of Federal Regulations Part 200 Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (the Uniform Guidance) which requires recipients of federal funding to establish an institutional policy that documents the consistent budgeting and expensing of faculty salaries on sponsored projects. We invite you to apply to teach, research, or practice your discipline in a vibrant and inspiring environment. Effective Date Issuing Authority Aydanos a proteger Glassdoor verificando que eres una persona real. Conflict. After all the talk about Jack Lews shady bonus and the various financial (and residential!) The faculty member receives a salary increase as a result of a retention or equity adjustment, promotion in rank or position, or change in employment responsibilities. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie : "TBA" - Nick Bloom (Stanford University), Microeconomics Theory Sem: "TBA" - Idione Meneghel (Australian National U. NYU is an Equal Opportunity Employer and is committed to a policy of equal treatment and opportunity in every aspect of its recruitment and hiring process without regard to age, alienage, caregiver status, childbirth, citizenship status, color, creed, disability, domestic violence victim status, ethnicity, familial status, gender and/or gender Salaries for work performed on sponsored projects by faculty members during the academic year will be based on the individual faculty member's compensation for the continuous period, which constitutes the basis of his/her salary under NYU policy as defined above. Professor Roubini's views on global economic issues are widely cited by the media, and he is a frequent commentator on various business news programs. May not be increased as a result of replacing University salary funds with sponsor projects funds; Is established by the University during a departments annual review process assessing the faculty members distribution of effort for the next year, and recorded in his or her file; Is comprised of regular salary for teaching, research and service undertaken during regular academic periods (including teaching at global sites when it replaces the normal course load at the home department), and includes compensation for any secondary appointments , such as chair of a department; and. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Position. Email: jch18@nyu.edu. Employees receiving an adjustment in salary due to an annual increase or a promotion should receive a letter or notification documenting their new IBS and the effective date of the change. Economics professors on the lower end of that spectrum, the bottom 10% to be exact, make roughly $58,000 a year, while the top 10% makes $186,000. Being at the forefront of their disciplines, our faculty shape the understanding of an enormous range of academic fields. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Some related job titles are.css-1c1umss{cursor:pointer;font-size:15px;line-height:24px;color:#1861bf;}.css-1c1umss:hover{color:#0c4085;}Assistant Professor salaries with median pay of $145,877,Faculty salaries with median pay of $104,542,Associate Professor salaries with median pay of $159,229,Instructor salaries with median pay of $57,522. The Doctor of Philosophy is a research degree. Preprofessional students will find that an economics major not only fosters the discipline medical or law school demands, but provides a solid foundation for these and other careers. 21% above the national average Common benefits at New York University The teaching portion is usually associated with a specific number of courses N, which should be defined for each department. Department. Learn More About the Benefits of our Ph.D. questo messaggio, invia un'email all'indirizzo These amounts should be consistent from one appointment to the next in a given department and not be subject to individual negotiations. The amount of additional compensation may vary from individual to individual just as the Departmental Base Salary does. enviando un correo electrnico a Supersedes An institution without walls, we draw spirit from our cities and their famous cultural institutions and professional opportunities. When such limitations apply, the requested salary support is determined by multiplying the proposed level of effort by the amount of salary allowed and as restricted under the Sponsors salary cap policy. : "TBA" - Garance Genicot (Georgetown), Econometrics Stud. EOE/AA/Minorities/Females/Vet/Disabled/Sexual Orientation/Gender Identity. Program. Also excluded from IBS are: a) salary paid directly by another organization, and b) income that an individual is permitted to earn outside of University appointment responsibilities, such as intra institutional and external consulting. Know Your Worth. Experimental Econ Sem: "TBA" Anne Karing (University of Chicago), Macroeconomics Workshop: "TBA" Elena Pastorino (Stanford University), Stern IO Seminar: "TBA" - Yingni Guo (Northwestern University), Political Economy Sem. Externally sponsored research, including seminars, delivering special lectures about the ongoing sponsored program, attending related meetings and conferences. Sponsors that have a cap on salary limit the amount of IBS that can be charged to a sponsored project. Si continas recibiendo este mensaje, infrmanos del problema Economics professors make $104,547 per year on average, or $50.26 per hour, in the United States. For example, for faculty with 9 month appointments, the rate of pay for one summer month is calculated as 1/9th of the IBS. A statement put together by a group of professors opposed to NYUs 2031 expansion plan included some numbers we found interesting. It will give you a solid background in advanced economics and enable you to upgrade your skills in applied economic analysis and public policy. Research Interests:Economic Theory, Game Theory, Research Interests:General Equilibrium Theory,Finance,Cultural Evolution, Research Interests: Macroeconomics, Asset Pricing, Research Interests: Economics of Attention,Economic Fluctuations, Macroeconomic Theory, Microeconomic Theory, Housing Market, Research Interests: Behavioral Economics, Applied Economics, Experimental Economics, Research Interests: Theoretical and Applied Econometrics, Research Interests: Macroeconomics, Econometrics, Research Interests: US Foreign Policy, Asian Political Economy, Research Interests: Long-run Growth and Development, Research Interests: Macroeconomics, Development and Labor, Education and Income Distribution, Political Economy, Research Interests: Labor and Household Economics, Econometrics, Research Interests: Experimental Economics, Industrial Organization, Political Economy, Public Economics, Research Interests: Imperfect Knowledge and Economic Theory, Modeling Financial Markets, Microeconomics, Research Interests: Economics of Finance, Money, & Banking, General Equilibrium Theory, Bounded Rationality, Research Interests: Econometrics, Economic Theory, Quantitative Finance, Data Science, Research Interests: Macroeconomic Theory, Monetary Economics, Finance, Research Interests:Empirical Macroeconomics, Monetary Economics, Finance, Research Interests: Public Economics, Economics of Education, Labour Economics, Applied Econometrics, Quantitative Methods in Economics, Research Interests: Macroeconomics, Industrial Organization, Research Interests: Macroeconomics, Labor Economics, Monetary Economics, Search Theory, Research Interests: Financial Economics, Macroeconomics, Applied Time Series Econometrics, Research Interests: Incentive Contracting, Dynamic Games, Industrial Organization, Research Interests: Microeconometrics, Empirical Microeconomics, Financial Econometrics, Research Interests: Econometrics, Labor Economics, Research Interests: Macroeconomics, Labor Markets, Research Interests:Political Economy, Policy Analysis, Empirical Microeconomics, Bargaining Theory, Research Interests: Game Theory, Human Capital & Economic Growth, Research Interests: Decision Theory, Game Theory, Applied Functional Analysis, Research Interests: Repeated Games, Noncooperative Solution Concepts, Bargaining, Bounded Rationality, Research Interests: Macroeconomics, International Finance, Research Interests: Macroeconomics, Development & Growth, Research Interests: Development Economics, Microeconomics Theory, Game Theory, Income Distribution, Inequality & Polarization, Coalition Formation in Games, Research Interests: Austrian Economics, Law & Economics, Ethics & Economics, Behavioral Economics & Paternalism, Research Interests: Economic Theory, Game Theory, Decision Theory, Research Interests: Macroeconomics, Monetary Economics, Applied Time Series Analysis, Research Interests: Experimental Economics, Game Theory, Theory of Economic Institutions, Microeconomics, Research Interests: Game Theory, Economic Theory, Research Interests: International Trade, Labor Economics, Research Interests: Theoretical & Applied Econometrics, Research Interests: Market design, Industrial Organization, and Public Finance, Research Interests: Financial Economics, Corporate Theory, Game Theory, Research Interests: Distribution of Income & Wealth, Productivity Growth, Input-Output Analysis, Research Interests:Political Economy, Applied Microeconomics, Law and Economics, Research Interests: Economic Growth, Social Capital & Norms, Contract Theory, Political Economy, Research Interests:Institutional Economics, Austrian Economics, Entrepreneurship, Economics Development, Research Interests:Economic Growth, Macroeconomics, International Finance, Research Interests:Political Economy and Finance, Research Interests: Applied Microeconomics, Labor Economics, Demography, Research Interests: Industrial Organization, Research Interests: Energy & Transportation Economics, Environmental Economics, Wine Economics, Research Interests:Financial Economics, Econometrics. Sanjeev Goyal, Professor of Economics Affiliation: NYU Abu Dhabi Email: sg6280@nyu.edu Education: BA University of Delhi; MBA IIM Ahmedabad; MA, PhD Cornell University Research Interests: Economic theory. om ons te informeren over dit probleem. An institution without walls, we draw spirit from our cities and their famous cultural institutions and professional opportunities. Faculty & Staff. (Please note that salary estimates are projections based on University guidelines, but that actual IBS will be charged. The estimated total pay for a Professor at NYU (New York University) is $162,289 per year. Salaries posted anonymously by NYU (New York University) employees. Some institutions include data for professional school faculty members. : "TBA" - Mariano Tommasi (Uni. 2023 Leonard N. Stern School of Business, Recruiting, Organizations, Collaborations, 2022-2023 Clinical Faculty Position in Technology, Operations and Statistics - Tech Group (all levels, full-time, non tenure-track), 2023-2024 Associate Professor of Finance(full-time, tenured), 2023-2024 Assistant Professor of Technology, Operations, & Statistics - StatisticsGroup (full-time, tenure-track), 2023-2024 Assistant Professor of Technology, Operations, & Statistics - Technology Group (full-time, tenure-track), 2023-2024 Assistant Professor of Economics (full-time, tenure-track), 2023-2024 Assistant Professor of Finance (full-time, tenure-track), 2023-2024Assistant Professor of Accounting (full-time, tenure-track), Adjunct positions in Statistics (part-time, non tenure-track), Adjunct position in Business & Society Program - Law, Business & Society course(part-time, non tenure-track), Adjunct position in Business & Society Program - Sustainable Supply Chain Management course(part-time, non tenure-track), Adjunct facultyadvisor (part-time, non tenure-track), NYU Stern Solutions, Research Scientist (Professors Andrs Sarto, Olivier Wang), Research Scientist (Professors Viral Acharya, Shan Ge), Research Scientist (Marketing Department). As nine-month salary of $135,000 is distributed as 45% teaching, 45% research and 10% service during the academic year. There you can submit your cover letter and CV, as well as request recommendation letters. The average Professor - Economics salary in the United States is $125,520 as of January 26, 2023, but the range typically falls between $100,645 and $217,353. These are all full-time faculty, many with extraordinary reputations as researchers and teachers in economics. We are sorry for the inconvenience. los inconvenientes que esto te pueda causar. of Exeter), Applied Micro Student Lunch: "TBA" - Diva Astinova (NYU), Stern Wed. Finance Sem. of Bologna), Econometrics Stud. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Research Interests:Economic theory. sbowmake@stern.nyu.edu. Apply now. During the months of June, July and August, a research grant is charged for effort. It signifies that the recipient is able to conduct independent research and has both a broad basic knowledge of all areas of economics and a comprehensive knowledge of one area in particular. Studying economics at New York University is especially rewarding because of its urban environment. The major prepares them for graduate school in economics, business management, or public administration. The University of Maryland's University Honors program seeks early-career Collegiate Fellows on a 3-year appointment as Visiting Assistant Professors. 19 West Fourth Street, 6th Floor, New York, NY 10012-1119 212-998-8900. naar excuses voor het ongemak. The academic year time is divided into three portions: T devoted to teaching, R to research and S to service and administration, such that T+R+S = 100%. Salary figures are rounded to the nearest $100. real person. A free inside look at NYU (New York University) salary trends based on 9787 salaries wages for 2164 jobs at NYU (New York University). William R. Berkley Professor of Economics and Business Office 7-75 thomas.sargent@nyu.edu. In the summer the bulk of effort is typically devoted to research with some non-zero portion devoted to service, for example, to grant writing or committee work or other administrative responsibilities (e.g. Lunch: "TBA" Yucheng Lu (NYU), Student Macro Lunch: "TBA" - Nadezda Pozdnyakova (NYU). New York University. The 2019 iteration of the survey includes information on salary and benefits for more than 380,000 full-time faculty members, and also salaries for senior administrators and pay for part-time faculty members, from more than 950 institutions in all 50 states and Puerto Rico. Consulting and other outside compensated professional work including service on scientific advisory boards compensated by external organizations. It applies to all individuals whose salary is charged or with committed effort to sponsored projects. & ECON. The new Institutional Base Salary remains $120,000 and the distribution of academic year effort does not change. ON MRKT. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Salaries for work performed by nine-month faculty on sponsored projects during the summer months will be determined for each faculty member at a rate not in excess of the institutional base salary divided by the period to which the base salary relates. EmployeeCompensation(via IRS filing for tax year 20102011)John E. Sexton (President)$ 1,476,625Robert Berne (Executive Vice President for Health)$ 880,587Michael Alfano (Executive Vice President)$ 607,860David W. McLaughlin (Chief Academic Officer)$ 598,544Martin Dorph (Chief Financial Officer)$ 506,870Bonnie Brier (Senior VP, General Counsel & Secretary of the University)$ 597,727Jess Benhabib (Economics professor)$ 443,833Andrew Brotman (Chief Clinical Officer)$1,106,788Robert Grossman (NYU Langone Medical Center Dean and CEO)$3,488,960Alison Leary (Executive VP for Operations)$ 338,807Rosemarie Loffredo (Treasurer)$ 352,492Tina Surh (Chief Investment Officer)$ 690,265Debra LaMorte (Senior VP for Development and Alumni Affairs)$ 533,200Marilyn McMillan (VP for Information Technology)$ 330,516Vivan S. Lee (Chief Scientific Officer, Vice Dean of Science)$1,165,751Steven B. Abramson (Vice Dean for Education at NYU Medical)$ 746.197Dafna Bar-Sagi (Vice Dean for Science)$ 373.718Vicki Match Suna (Vice Dean for Real Estate Development)$ 680.054 Michael T. Burke (Corporate Chief Financial Officer)$ 960.090Linda Mills (Vice Chancellor for Global Programs)$ 462,539Annette Johnson (Vice Dean, General Counsel)$ 589,573What your professors make:Tenured Faculty: Average Compensation (via Chronicle of Higher Ed)Full professor (salaries of star professors included)$ 182,400Associate professor$ 106,100Assistant professor$ 99,700Non-Tenured Faculty:Clinical full professor$ 114,890Clinical associate professor$ 83,388Clinical assistant professor$ 67,123Adjuncts:Unionized adjunct (who work enough hours to join the adjunct union)A little less than $5,000 per course, or $117.25 per hour, is the union minimum.Non-union adjunct (who likely work elsewhere too)Can make as little as $2,500 per course at NYU. -NYU professors affiliated with FASP. For faculty who take on significant administrative duties, e.g., chairs, directors of under-or graduate studies, etc., each administrative appointment should be associated with a definite redistribution of the effort components T, R, S, which should, however, still add up to 100%. The salary and compensation data cover instructional and research staff members who work full time and whose primary role (more than 50 percent) is instruction, regardless of their official faculty status. Join Stern's Faculty; Leadership; New Faculty Resources; Learning Science Lab; Center for Research Computing; Center for Behavioral Research; Alumni. 44 West Fourth Street, 9-62. A paper copy is available by contacting Campus Safety at 7 Washington Place, New York, NY 10003, 212-998-1300. Prof Elena Manresa has received the 21st Banco Sabadell Foundation Award for Economic Research for her research work in the field of microeconometrics, Learn More About the Benefits of our Ph.D. ON MRKT. The time distribution during the academic year is thus 60% research (of which 43.44% is paid by NYU and 16.66% by a grant), 30% teaching and 10% service, and during the summer, 95% research, 0% teaching and 5% service. Administrative effort, e.g., Department Chair, Institute Director, service on institutional Committees, faculty advisory boards. : "TBA" - Steve Redding (Princeton University), Student Macro Lunch: "TBA" - Astrid Ruland (NYU), COLLOQ. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. : "Hayek's Early Years at the University of Chicago" - Bruce Caldwell (Duke), Applied Micro Seminar: "Wage Differentials and the Price of Workplace Flexibility"- Linh To (Boston University), Development Seminar: "TBA"- Heitor Pellegrina (NYU Abu Dhabi), Applied Micro Student Lunch: "TBA" - Fernando Ochoa & "TBA" Youn Baek (NYU), Stern Wed. Finance Sem. Faculty member C is appointed Chair of the department and is given a 10% salary supplement, for a total IBS of $148,500. Notice that every course has an instructor already attached to it. (Please reference NYUs Salary Cap Administration Policy for questions about NYUs administration of a sponsors salary cap requirements.). Education: PhD Vienna University of Economics and Business. At the time of hire, all faculty employees should receive an official letter or notification which specifies their IBS. Program, NYU PhD class of 2022 on winning the ECB Young Economist Award, NYU Economists ramp up research on the Economic Impact and Outlook. Experimental Econ Sem: "TBA" Daniel Martin (University of California Santa Barbara), Macroeconomics Workshop: "TBA" Laura Castillo (Princeton University), Stern IO Seminar: "TBA" - Gaston Illanes (Northwestern University), Political Economy Sem. Please use the links above to access information about the professionals affiliated with the department, recent research, news, and our involvement with Stern's educational programs. Wir entschuldigen uns fr die Umstnde. Lamentamos pelo inconveniente. Als u dit bericht blijft zien, stuur dan een e-mail Participation in the AAUP survey is optional; over 950 institutions submitted data for the 2018-19 academic year. Get a free, personalized salary estimate based on today's job market. Sponsored Programs Administration INST. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Related Searches:All Professor Salaries|All NYU (New York University) Salaries. The independent blog of New York University. In addition to teaching relief, faculty may request permission from their Chair and Dean to charge some of their academic year research time R to a grant and to have the money thereby saved by the University paid into a research account. During the summer A attends occasional meetings and drafts a proposal for research funding for a distribution of 95% research and 5% service (unremunerated). If you continue to see this Program Watch Now Congrats to Federico Kochen NYU PhD class of 2022 on winning the ECB Young Economist Award Read More Virus Economics Kaufman Management Center. Conflict. New York University. Se continui a visualizzare & ECON. For more information, please review important information about the recruiting and hiring process for full-time faculty and professional research staff, as well our commitment to equal employment opportunity. Retain copies of appointment and salary letters or other notification for audit purposes. Bowmaker, Simon Disculpa The Department of Economics at New York University invites applications for a Clinical Assistant Professor position to begin September 1, 2023, pending budgetary and administrative approval. It follows that faculty in administrative positions may not in general charge the maximum summer effort to research (Rs<95%, Ss>5%). Being at the forefront of their disciplines, our faculty shape the understanding of an enormous range of academic fields. : "TBA" - Giovannni Prarolo (Uni. Lunch: "TBA" - Jong Choi (NYU), Student Macro Lunch: "TBA" - Giacomo Cattelan (NYU), Applied Micro Seminar: "TBA"- Joanna Venator (Boston College), Development Seminar: "TBA"- Meredith Startz (Dartmouth University), Applied Micro Student Lunch: "TBA" - Chitra Marti (NYU), Stern Wed. Finance Sem. John Ham, Professor of Economics Affiliation: NYU Abu Dhabi. Link. Buy out: 1/3 x 45% = 15% x $135,000 during the academic year (or 30% for one semester) = $20,250. Onze of San Andres), Stern Econ History Sem. New York, NY 10012. Summer: $135,000 x 3/9 x 95% = $45,000 x 95% = $42,750 (charged to grant); Additional academic year research time: 135,000 x 1.66% = $2,250 (charged to grant); A research account gets established in the amount of $2,250 which B may use for the remaining 5% of summer salary or for other research expenses. The salary trajectory of a Professor ranges between locations and employers. Welcome to the homepage of the Department of Economics at NYU Stern. Your feedback is essential to helping us improve the website, Please complete at least one field before submitting your feedback, Accreditation, Authorization & Assessment, University Research Policies and Guidelines, Global Academic Partnerships and Affiliations. The estimated total pay for a Professor, Economics is $197,465 per year in the United States area, with an average salary of $142,878 per year. INST. : "TBA" - Emanuele Colonnelli (University of Chicago Booth School of Business), External Law & Econ Workshop: "TBA" - David Weisbach (University of Chicago), Microeconomics Theory Sem: "TBA" - Pierpaolo Battigalli (Bocconi University), C.E.S.S. Department of Economics as.nyu.edu/econ 19 West Fourth Street, 6th Floor, New York, NY 10012-1119 212-998-8900 Chair of the Department Professor Ludvigson Director of Undergraduate Studies Professor Flinn Associate Director of Undergraduate Studies Clinical Associate Professor Fan Associate Director of Undergraduate Studies Experimental Econ Sem: "TBA" Annie Liang (Northwestern University), Macroeconomics Workshop: "TBA" Sasha Indarte (U.Penn), Stern IO Seminar: "TBA" - Estelle Cantillon (Universit libre de Bruxelles), Stern Fri. Finance Internal Sem. Glassdoor te beschermen door te verifiren of u een persoon bent 's Girl: Daughters, Decisions... Reference NYUs salary cap administration policy for questions about NYUs administration of a sponsors salary cap administration for! Rewarding because of its urban environment invite you to Apply to teach, research, practice... '' - Diva Astinova ( NYU ) and Gender Inequality '' - Nadezda Pozdnyakova ( NYU ), Wed...., Managerial Decisions, and Gender Inequality '' - Garance Genicot ( )! A cap on salary limit the amount of IBS that can be charged to a sponsored project NYUs of! Faculty shape the understanding of an enormous range of academic year a vibrant and inspiring.! Prepares them for graduate school in economics or in the public or private sectors when instructors are for... All faculty employees should receive an official letter or notification which specifies their.! Figures are rounded to the nearest $ 100 understanding of an enormous of! Chair, Institute Director, service on institutional Committees, faculty advisory boards - Giovannni (... 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University of Maryland & # x27 ; s University Honors program seeks early-career Collegiate Fellows on 3-year! Glassdoor y demustranos que eres una persona real salary figures are rounded to the $. Understanding of an enormous range of academic fields an enormous range of academic year effort does not change and! Have a cap on salary limit the amount of additional compensation may vary from individual to individual as!