Faculty members have an essential role in higher education, in developing experts for the future in various fields, and in advancing the sum of human knowledge in general. College and university faculty members teach and support undergraduate and graduate students and pave their way to a successful career in their chosen field.
Apart from teaching, they do research and carry out faculty services as well, and all the while generate and disseminate knowledge to peers and students alike, although some might prioritize one function over the other. Teaching is the most widely spread role of faculty members across different types of higher education institutions, even if it holds less prestige than research activities or proposal writing for securing funds.
Once on the tenure-track, faculty member positions are generously rewarded. Between Ph.D. and postdoc students, assistant and associate professors, lecturers, and full-time professors, salaries range anywhere between $45,000 and $104,820 per annum.