Tuesday, April 21, 2009

$125,000 teacher salaries

Looks like the founder of the Manhattan GMAT Prep Services founded a school where they pay middle school teacher as if they were b school grads. $125,000 a year, plus $25,000 bonus. The hiring process looks at the teacher's GRE/GMAT scores!
Adjusting for cost of living, $150,000 in NYC is about $120,000 in Seattle. That is two and half times the salary of a new teacher.
The high salary would be able to keep stellar teachers who would otherwise leave teaching for financial reasons, especially if they scored above 90% on the GRE/LSAT/GMAT.

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