Is it possible to get those who know to confirm this about pay rates?
Based on the information published by the university so far, Tim Leunig, chief economist with the thinktank Centreforum, calculates that the New College of the Humanities could expect to pay its academics £75 for a one-to-one tutorial and £250 for a lecture.
But Leunig said: \”I am pretty sure LSE pays graduate students more than this to act as class teachers. So no, the economics don\’t seem to me to add up.\”
I have to say that I don\’t think that the LSE does pay those sorts of rates.
Let us take a reasonable teaching load. 15 hours a week. At £75 an hour we\’re talking £1,125 a week. OK, the academic year isn\’t all that long, perhaps 30 weeks? So £34k ish for a reasonable teaching load.
According to the LSE recruitment website, that\’s slap bang in the middle of what they pay LSE Fellows.
No, I\’m not quite sure that that means but I doubt very much that \”graduate student\” and \”Fellow\” are quite the same thing.
And if we try 10 hours a week of lecturing (again, not an excessive workload, that\’s two one hour lectures per working day) for 30 weeks a year then…..£75,000 is more than a full professor gets.
But I know there are at least two current LSE graduate students who read this blog (at least occasionally).
Anyone care to report what the actual rates on offer to graduate students for taking a class or giving a lecture are?