I can certainly see the entrepreneurial aspect of being a professor -- managing a lab, hiring and firing people, and sourcing funding, and I don't disagree that professors are there to inspire the next generation. However, there is still a part of me that feels professors have that "safety net". Tenured professors are paid a monthly salary by the university, and often times at / above industry (that's true at least i…
As others have said, you pay a LOT to get that tenured position. You also risk a lot. Imagine being 32 and just starting a tenure track position. All your friends in industry are already earning nearly 100k and have been earning decent salaries all the while you were in graduate school and post-docs for the past eight years. They already have houses, cars, and other items giving them some form of security. You are ma…
The rewards are there (until someone decides that a restructure will get rid of all the deadwood - people who won the tournament then quite rationally began resting on their laurels) but it's not an easy game to play.