Difference in business school pay across developed countries Why is the pay for tenure-track faculty at business schools in developed countries other than the US substantially lower than (and often only a fraction of) their US counterpart (with the exceptions of Hong Kong and Singapore, and then perhaps a handful of other schools in the rest of the world)?
Shouldn't the proportion of people who want to pursue business degrees and are able to pay business school tuition largely comparable across developed countries? Then should non-US business schools also be able to make money from tuition to hire top business researchers/professors and pay them as well as US business schools? What makes the economics of running a business school and paying faculty different in other developed countries?
Many universities are not funded by tuition by students. Funding from the government is not rare.
Did you remember to take into account such issues as whether the society offers reasonable healthcare for everyone, kindergarten and school for children, reasonable holidays, unemployment benefits, rights for employees, etc.? Adjusting for these might not always be in favour of USA. This also makes it very difficult to compare wages across countries.
That said, USA is a very rich country with some very rich universities that can afford to pay well.