Professor - Medicine Average Salary in Colorado 2024
How much money does a person working as Professor - Medicine make in Colorado?
LOW
77,400
USD AVERAGE
168,000
USD HIGH
267,000
USD
A person working as Professor - Medicine in Colorado typically earns around 168,000 USD. Salaries range from 77,400 USD (lowest) to 267,000 USD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Professor - Medicine salaries in Colorado vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Professor - Medicine Pay Scale and Salaries in Colorado
Salary Structure and Pay Scale Comparison
159,000 USD or more
140,000 to 159,000 USD
96,300 USD or less
96,300 to 140,000 USD
 77,400 USD |
161,000 USD |
267,000 USD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Professor - Medicine in Colorado range from 77,400 USD (starting salary) to 267,000 USD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 161,000 USD, half of the professionals who work as Professor - Medicine in Colorado earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Professor - Medicine in Colorado earn less than 130,000 USD, while 75% earn more. Similarly, the chart shows that 75% earn less than 185,000 USD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Professor - Medicine in Colorado compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 96,300 USD to 140,000 USD. About 20% of salaries are below the 96,300 USD mark, while 10% fall within the range of 140,000 USD to 159,000 USD. Only 5% of individuals have salaries exceeding 159,000 USD.
Salary Comparison by Years of Experience / Professor - Medicine / Colorado
How do experience and age affect pay?
| 0 - 2 Years | 87,800 USD | |
| 2 - 5 Years | +34% | 117,000 USD |
| 5 - 10 Years | +48% | 173,000 USD |
| 10 - 15 Years | +22% | 211,000 USD |
| 15 - 20 Years | +9% | 230,000 USD |
| 20+ Years | +8% | 249,000 USD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Professor - Medicine and this is what we found.
Employees with less than two years of experience earn approximately 87,800 USD.
While someone with an experience level between two and five years is expected to earn 117,000 USD, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 173,000 USD, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 211,000 USD, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 230,000 USD, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 249,000 USD, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Professor - Medicine / Colorado
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Professor - Medicine.
| Master's Degree | 102,000 USD | |
| PhD | +93% | 197,000 USD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Professor - Medicine in order to make a comparison.
Level 1: Master's Degree
Employees at this education level have an average salary of 102,000 USD.
Level 2: PhD
At this level, the average salary becomes 197,000 USD, 93% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in United States costs anywhere from 39,600 USD to 119,000 USD and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Professor - Medicine / Colorado
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Professor - Medicine in United States, the average difference between the salary of male and female employees is 5%.
| Male | 174,000 USD | |
| Female | -5% | 165,000 USD |
Salary Comparison By Gender in United States for all Careers
Average Annual Salary Increment Percentage / Professor - Medicine / Colorado
How much are annual salary increments in Colorado for individuals working as Professor - Medicine? How often do employees get salary raises?
Individuals working as Professor - Medicine in United States are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
United States / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Professor - Medicine / United States
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Professor - Medicine / Colorado
81 USD per hourThe average hourly wage (pay per hour) for individuals working as Professor - Medicine in Colorado is 81 USD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Professor - Medicine in Colorado is 37 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Teaching / Education |  -100% | |
| Academic Advisor | 104,000 USD | -38% |
| Academic Assistant | 71,800 USD | -57% |
| Academic Coach | 103,000 USD | -39% |
| Academic Librarian | 74,800 USD | -56% |
| Academic Manager | 114,000 USD | -32% |
| Academic Specialist | 92,600 USD | -45% |
| Academic Staff | 77,900 USD | -54% |
| Accompanist | 83,800 USD | -50% |
| Achievement Coach | 99,300 USD | -41% |
| Admissions Specialist | 90,800 USD | -46% |
| Agricultural Sciences Teacher | 79,100 USD | -53% |
| Anthropology Teacher | 85,700 USD | -49% |
| Arabic Language Teacher | 80,000 USD | -52% |
| Archeology Teacher | 86,000 USD | -49% |
| Architecture Teacher | 90,900 USD | -46% |
| Archivist | 71,600 USD | -57% |
| Art Teacher | 79,400 USD | -53% |
| Assistant School Principal | 105,000 USD | -38% |
| Assistant Teacher | 67,100 USD | -60% |
| Biochemistry Professor | 141,000 USD | -16% |
| Biology Teacher | 80,100 USD | -52% |
| Blended Learning Specialist | 101,000 USD | -40% |
| Bursary Scheme Manager | 93,400 USD | -44% |
| Business Teacher | 87,900 USD | -48% |
| Careers Advisor | 98,100 USD | -42% |
| Careers Consultant | 97,700 USD | -42% |
| Chemistry Teacher | 82,300 USD | -51% |
| Chief Remote Learning Officer | 135,000 USD | -20% |
| Child Care Coordinator | 82,500 USD | -51% |
| Child Care Worker | 64,600 USD | -62% |
| Childcare Worker | 63,300 USD | -62% |
| Classroom Assistant | 69,100 USD | -59% |
| Clinical School Psychologist | 118,000 USD | -30% |
| Coding Coach | 85,100 USD | -49% |
| College Aide | 108,000 USD | -36% |
| College and Career Readiness Specialist | 111,000 USD | -34% |
| College Dean | 194,000 USD |  +15% |
| College President | 181,000 USD | +8% |
| Communications Teacher | 86,100 USD | -49% |
| Community Education Officer | 67,100 USD | -60% |
| Computer Science Teacher | 76,900 USD | -54% |
| Computer Teacher | 80,100 USD | -52% |
| Creative Writing Trainer | 98,000 USD | -42% |
| Credit Counselor | 101,000 USD | -40% |
| Cultural Studies Teacher | 77,200 USD | -54% |
| Curriculum Coordinator | 91,800 USD | -45% |
| Curriculum Developer | 102,000 USD | -39% |
| Curriculum Specialist | 110,000 USD | -35% |
| Dean of Faculty | 182,000 USD | +8% |
| Demonstrator | 75,600 USD | -55% |
| Deputy Controller of Examinations | 98,500 USD | -41% |
| Digital Citizenship Educator | 76,000 USD | -55% |
| Digital Literacy Instructor | 81,800 USD | -51% |
| Director of Learning Technology | 107,000 USD | -36% |
| Distance Learning Coordinator | 90,800 USD | -46% |
| E-Learning Consultant | 117,000 USD | -30% |
| E-learning Content Developer | 109,000 USD | -35% |
| E-Learning Designer | 102,000 USD | -39% |
| Economics Lecturer | 138,000 USD | -18% |
| Economics Teacher | 78,200 USD | -53% |
| EdTech Compliance Manager | 93,400 USD | -44% |
| EdTech Consultant | 93,800 USD | -44% |
| EdTech Content Creator | 85,400 USD | -49% |
| Education Administrator | 94,300 USD | -44% |
| Education Assistant | 74,400 USD | -56% |
| Education Assistant Director | 108,000 USD | -36% |
| Education Assistant Librarian | 59,100 USD | -65% |
| Education Assistant Principal | 85,800 USD | -49% |
| Education Assistant Professor | 120,000 USD | -29% |
| Education Associate | 81,300 USD | -52% |
| Education Consultant | 110,000 USD | -35% |
| Education Coordinator | 86,700 USD | -48% |
| Education Counselor | 92,600 USD | -45% |
| Education Director | 150,000 USD | -11% |
| Education Policy Analyst | 110,000 USD | -35% |
| Education Program Specialist | 103,000 USD | -39% |
| Education Researcher | 114,000 USD | -32% |
| Education Resource Specialist | 92,700 USD | -45% |
| Education Services Facilitator | 95,200 USD | -43% |
| Education Technology Specialist | 95,300 USD | -43% |
| Educational Content Writer | 103,000 USD | -39% |
| Educational Data Privacy Officer | 95,900 USD | -43% |
| Educational Psychologist | 125,000 USD | -26% |
| EFL Teacher | 84,400 USD | -50% |
| eLearning Trainer | 73,900 USD | -56% |
| Elementary School Teacher | 68,300 USD | -59% |
| Engineering Lecturer | 134,000 USD | -20% |
| Engineering Teacher | 109,000 USD | -35% |
| English Teacher | 73,300 USD | -56% |
| ESL Teacher | 81,100 USD | -52% |
| Faculty Assistant | 106,000 USD | -37% |
| Foreign Language Teacher | 74,500 USD | -56% |
| GED Teacher | 76,200 USD | -55% |
| Geography Teacher | 77,900 USD | -54% |
| Head of Mathematics Department | 106,000 USD | -37% |
| Head of School | 130,000 USD | -23% |
| High School Teacher | 91,000 USD | -46% |
| History Teacher | 86,400 USD | -49% |
| Infant Teacher | 60,500 USD | -64% |
| Instructional Assistant | 88,600 USD | -47% |
| Instructional Coach | 93,400 USD | -44% |
| Instructor | 90,100 USD | -46% |
| Kindergarten Teacher | 62,800 USD | -63% |
| Language Instructor For Expatriate | 68,000 USD | -60% |
| Law Teacher | 116,000 USD | -31% |
| Learning Designer | 101,000 USD | -40% |
| Learning Experience Designer | 116,000 USD | -31% |
| Learning Management System Administrator | 88,700 USD | -47% |
| Lecturer | 139,000 USD | -17% |
| Librarian | 68,000 USD | -60% |
| Library Assistant | 57,600 USD | -66% |
| Library Director | 96,000 USD | -43% |
| Library Specialist | 70,000 USD | -58% |
| Library Technician | 59,800 USD | -64% |
| Life Sciences Teacher | 77,500 USD | -54% |
| Makerspace Coordinator and Facilitator | 72,100 USD | -57% |
| Math Lecturer | 150,000 USD | -11% |
| Math Teacher | 90,500 USD | -46% |
| Mathematics Teacher | 90,500 USD | -46% |
| Mentor | 91,100 USD | -46% |
| Middle School Teacher | 83,800 USD | -50% |
| Music Teacher | 73,300 USD | -56% |
| Nursery Manager | 122,000 USD | -27% |
| Nursery Worker | 49,100 USD | -71% |
| Online Course Developer | 93,800 USD | -44% |
| Online Course Instructor | 85,500 USD | -49% |
| Online Learning Facilitator | 85,700 USD | -49% |
| Online Tutor | 76,500 USD | -55% |
| Paraprofessional | 105,000 USD | -38% |
| Personalized Learning Specialist | 100,000 USD | -41% |
| Physical Education Specialist | 85,600 USD | -49% |
| Physical Education Teacher | 74,200 USD | -56% |
| Physics Teacher | 83,600 USD | -50% |
| Political Science Teacher | 89,600 USD | -47% |
| Post Doctoral Researcher | 127,000 USD | -24% |
| Preschool Education Administrator | 91,200 USD | -46% |
| Preschool Teacher | 68,500 USD | -59% |
| Primary School Teacher | 76,500 USD | -55% |
| Principal | 118,000 USD | -30% |
| Product Specialist | 87,200 USD | -48% |
| Professor - Accounting | 144,000 USD | -14% |
| Professor - Architecture | 142,000 USD | -16% |
| Professor - Biology | 148,000 USD | -12% |
| Professor - Business Administration | 140,000 USD | -17% |
| Professor - Chemical Engineering | 150,000 USD | -11% |
| Professor - Chemistry | 158,000 USD | -6% |
| Professor - Civil Engineering | 143,000 USD | -15% |
| Professor - Communication | 138,000 USD | -18% |
| Professor - Computer Science | 141,000 USD | -16% |
| Professor - Dentistry | 158,000 USD | -6% |
| Professor - Drama | 141,000 USD | -16% |
| Professor - Economics | 148,000 USD | -12% |
| Professor - Education | 156,000 USD | -7% |
| Professor - Electrical Engineering | 158,000 USD | -6% |
| Professor - English | 139,000 USD | -17% |
| Professor - Environmental Engineering | 145,000 USD | -14% |
| Professor - Foreign Languages | 144,000 USD | -14% |
| Professor - Geological Sciences | 145,000 USD | -14% |
| Professor - History | 142,000 USD | -16% |
| Professor - Industrial Engineering | 137,000 USD | -19% |
| Professor - Law | 160,000 USD | -5% |
| Professor - Legal Support | 139,000 USD | -17% |
| Professor - Liberal Arts | 141,000 USD | -16% |
| Professor - Marketing | 142,000 USD | -16% |
| Professor - Mathematics | 165,000 USD | -2% |
| Professor - Mechanical Engineering | 157,000 USD | -7% |
| Professor - Medical Administration | 154,000 USD | -8% |
| Professor - Medicine | 168,000 USD | -0% |
| Professor - Music | 138,000 USD | -18% |
| Professor - Nursing | 138,000 USD | -18% |
| Professor - Pharmaceutical Sciences | 141,000 USD | -16% |
| Professor - Philosophy | 153,000 USD | -9% |
| Professor - Physical Therapy | 156,000 USD | -7% |
| Professor - Physics | 157,000 USD | -7% |
| Professor - Psychology | 138,000 USD | -18% |
| Professor - Rehabilitation | 139,000 USD | -17% |
| Professor - Social Work | 132,000 USD | -21% |
| Professor - Sociology | 141,000 USD | -16% |
| Professor - Special Education | 154,000 USD | -8% |
| Psychology Teacher | 121,000 USD | -28% |
| Public Management Assistant Professor | 126,000 USD | -25% |
| School Counselor | 112,000 USD | -33% |
| Science Educator | 81,400 USD | -52% |
| Science Laboratory Assistant | 75,100 USD | -55% |
| Science Teacher | 81,500 USD | -52% |
| Secondary Mathematics Teacher | 85,300 USD | -49% |
| Secondary School Teacher | 83,200 USD | -51% |
| Special Education Advocate | 109,000 USD | -35% |
| Special Education Teacher | 87,900 USD | -48% |
| Special Needs Assistant | 69,600 USD | -59% |
| Statistics Lecturer | 147,000 USD | -13% |
| STEAM Educator | 80,200 USD | -52% |
| STEM Educator | 76,500 USD | -55% |
| Student Accounts Coordinator | 80,400 USD | -52% |
| Student Development Specialist | 96,800 USD | -42% |
| Student Employment Specialist | 89,300 USD | -47% |
| Student Services | 76,500 USD | -55% |
| Student Services Coordinator | 73,300 USD | -56% |
| Student Support Manager | 95,000 USD | -44% |
| Substitute Teacher | 66,400 USD | -61% |
| Teacher | 73,900 USD | -56% |
| Teacher Aide | 64,800 USD | -61% |
| Teacher Trainer | 102,000 USD | -39% |
| Teaching Assistant | 64,300 USD | -62% |
| TEFL Teacher | 82,100 USD | -51% |
| Training and Development Specialist | 103,000 USD | -39% |
| Training Coordinator | 76,800 USD | -54% |
| Tutor | 78,100 USD | -54% |
| University Teacher | 142,000 USD | -16% |
| Virtual Teacher | 72,700 USD | -57% |
| Vocational Education Teacher | 78,800 USD | -53% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.
| Private Sector | 92,800 USD | |
| Public Sector | +5% | 97,500 USD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Professor - Medicine in Colorado?
A good and competitive compensation would range anywhere between 161,000 USD and 185,000 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Professor - Medicine in Colorado ranges from 77,400 USD to 130,000 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
