The recently announced faculty salary at IISc, IITs, IIMs, IISERs, etc.
Following is an excerpt from a blog entry of Professor Giridhar Madras of IISc Bangalore.
… According to the table, for an assistant professor on contract i.e., with no postdoc experience, it would start at 37,000 + accommodation. A regular assistant professor will get 52,000 + accommodation and will move to 62,000 + accommodation after three years. In addition, they are other benefits. This includes telephone allowance, academic allowances, children education allowance, subsidy for single girl child, leave travel concession for the whole family every year,medical benefits to the family, travel money for attending conferences etc.
In addition, one can get fellowships that vary from Rs 60,000 to Rs 6 lakhs per year from DST/DBT, depending on the fellowships. Faculty can go abroad during the three month vacation every year and get paid in international currency. One can take sabbatical for one year every six years and get paid at both places. In addition, one can earn considerably from consultancy from industry (or even government labs) depending on the area they work in.
The blog has more details and pointers to more details on what the IIXs should do to get a clearer picture out to prospective faculty.
1 comment September 27th, 2009