Earlier quoted context omitted.
> I imagine that a knighted professor at Imperial can comfortably access a mortgage in London You don't get paid for being knighted. And these universities have a mostly fixed pay scale it's not like Google where you can just demand whatever you want if you're good enough.
Well, there does exist a fixed pay scale for base salaries, but for senior academic grades in many occasions this simply defines the minimum salary, and the rest is negotiable (particularly if the academic has a good record of obtaining research grants). Then again, there exist Business Schools, where due to the different funding model (most income comes from MBAs, as opposed to research grant overheads, and undergra…