But there is a advantage to having a small number of potential employers, which is simply that it becomes much easier to survey potential employers. This is demonstrated by the American Association of University Professors (AAUP) Faculty Salaries Database, shown here:
The data, which is based on self-reported salaries by the members of a AAUP, gives average salaries broken down by university, gender, and professorial rank. This data is far from complete. Some schools (like BYU) are not associated with the AAUP and since the data is self-reported, so there may be some self-selection effects, but overall I think the data provide a nice idea of what the average faculty member earns at a given institution.
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