Business Professor Salary in Richmond, VA
Bureau of Labor Statistics OEWS Survey
Median Annual Salary
$98,924
Hourly Rate
$47.56
/hour
Jobs in Area
89
employed
Business Professor Salary Range in Richmond, VA
Annual Salary Range
$63k
10th percentile
$83k
25th
$121k
75th
$148k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $62,816 | $30.20 |
| 25th Percentile | $82,818 | $39.82 |
| Median (50th Percentile) | $98,924 | $47.56 |
| 75th Percentile | $121,036 | $58.19 |
| 90th Percentile (Top Earners) | $147,779 | $71.05 |
| Average (Mean) | $105,616 | $50.78 |
Frequently Asked Questions
The average Business Professor salary in Richmond, VA is $98,924 per year or $47.56 per hour as of 2023. This is based on data from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics survey.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey for 2023. The geographic area covered is the Richmond Metropolitan Statistical Area.
Last updated: 1/14/2026
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How Richmond, VA Compares
vs National Average
$102,420
vs Virginia Average
$98,147
Cost-of-Living Adjusted
$100,737
Cost of living in Richmond, VA is 1.8% below the national average.
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