04/10/2012 10:17 am ET

The Highest-Paying Colleges: American Association of University Professors Study 2012

The average full professor at Harvard University makes slightly less than $200,000 a year, according to a new survey from the American Association of University Professors.

Sounds like a lot of money, right? Overall, however, the AAUP reports the average salary for full-time faculty members rose 1.8 percent from the previous year, falling well short of the increase in the cost of living. Tuition prices have risen two, three, or four times quicker than increases in pay for teaching faculty. The AAUP also said they noticed schools are employing more of their teaching staff as part-time instructors, rather than making them associate or full professors.

Take a peak at the 10 best paying college for full professors:

Highest Paying Colleges profs 2012 AAUP survey