Yes, exactly! One reason it's valuable to look at these numbers is because it makes you take a step back and say "Wait - I'm in what percentile?"
That naturally leads many people to ask whether making only $200,000 a year as a professor somewhere is really a price you're willing to pay, as opposed to making multiples of that as the smartest guy in the room in any number of private industries. Opportunity cost matters!
Yes, exactly! One reason it's valuable to look at these numbers is because it makes you take a step back and say "Wait - I'm in what percentile?"
That naturally leads many people to ask whether making only $200,000 a year as a professor somewhere is really a price you're willing to pay, as opposed to making multiples of that as the smartest guy in the room in any number of private industries. Opportunity cost matters!