Background Historically, private school teachers salaries have been less than those in the public school sector. Years ago teachers would accept a position in a private school for less money simply because they felt that the teaching environment was friendlier. Or perhaps they considered it a mission or calling. That is generally not the case anymore. Private schools have had to compete for a smaller pool of well- qualified teachers. Public school teachers pay has risen markedly. The same is true of private teachers pay. Private schools now pay very close to what public schools pay. As you might expect, there are disparities in private school teacher salaries. On the low end of the compensation spectrum are parochial schools. The calling overtones still exist in religious schools. At the other end of the scale are the well-established independent schools. Why is this? They have been in business for many decades, have enormous endowments and a loyal alumni base on which to draw for support. When you peruse these wealthy schools Forms 990 , you begin to understand why they can and do attract the brightest and best in the teaching profession. Boarding schools typically require faculty to live on campus in school- provided housing. Since housing is generally about 25 to 30% of an individuals living expenses, this often is a substantial perk, especially in a high cost of housing part of the country such as the northeast or southwest. Private school pensions now rival those offered in the public sector, making that aspect of private school employment quite competitive
Posted on: Sat, 25 Oct 2014 14:27:06 +0000
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