What share of tuition fees does a college teacher receive?
NewsFaculty at Manhattan School of Music are locked in a tough wage negotiation. The school is represented by one of NY’s costliest law firms, Proskauer Rose, whose attorneys charge $1,475 per hour.
MSM pays precollege faculty $61 per hour.
Here’s another striking stat: From each student’s tuition, the studio teacher receives about 20%. Ear training, theory and ensemble teachers receive just above 1%.
MSM College revenue in 2022 was $61.78 million. Expenses $56.69 million. net profit: $5.09 million.
Is this institution taxed as a profit-making centre? What are the profits for? I have attended several post-secondary institutions and I have never heard of any of them being in the business of making “profits.”
MSM’s compensation to teachers is well below that of competitors such as Juilliard or Mannes Prep. There is a petition online: https://www.change.org/p/manhattan-school-of-music-precollege-faculty-deserve-a-fair-contract-now