Average Professor - Economics Salary in Chiang Mai, Thailand for 2026

In this article, we will look at the average Professor - Economics salary for 2026 in Chiang Mai and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Thai baht. To keep things simple, we are using the THB currency code instead of the currency symbol ฿.

How Much Does a Professor - Economics Make in Chiang Mai?

A Professor - Economics working in Chiang Mai will typically earn around 1,990,300 THB per year, and this can range from the lowest average salary of about 1,035,500 THB to the highest average salary of 3,047,800 THB.

These are average salaries for a Professor - Economics in Chiang Mai and include benefits such as housing and transport. It's also possible for a Professor - Economics to earn more or less than the average salaries shown above.

Professor - Economics salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Professor - Economics Salaries in Chiang Mai

So we've looked at the average salaries a Professor - Economics will earn in Chiang Mai. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Professor - Economics can earn between 1,035,500 THB and 3,047,800 THB on average in Chiang Mai. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Professor - Economics in Chiang Mai is 1,908,800 THB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,908,800 THB, and 50% of the population earn more than 1,908,800 THB.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Professor - Economics salary in Chiang Mai, 25% of the population are earning less than 1,320,500 THB while 75% of the population earn more than 1,320,500 THB.

75% of the population earn less than 2,374,400 THB, and 25% of the population earn more than 2,374,400 THB.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Professor - Economics Salary by Experience Level in Chiang Mai

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Professor - Economics salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Professor - Economics in Chiang Mai that has less than two years of experience can expect to earn somewhere in the region of 1,174,600 THB.
• 2 - 5 Years Experience. With two to five years of experience the average Professor - Economics salary would increase to 1,570,900 THB.
• 5 - 10 Years Experience. From five to ten years of experience as a Professor - Economics, the average salary would be 2,052,200 THB.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,485,800 THB.
• 15 - 20 Years Experience. A Professor - Economics with 15 to 20 years of experience can earn an average of 2,711,900 THB.
• 20+ Years Experience. For a Professor - Economics with more than 20 years, the expected average salary increases to 2,854,700 THB.

Average Salary by Experience Chart

Professor - Economics Salary by Education Level in Chiang Mai

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Professor - Economics in Chiang Mai based on the education level of the employees in order to find out whether a better education level would increase your salary.

• Master's Degree. A Professor - Economics in Chiang Mai with a master's degree education can earn an average salary of 1,296,900 THB.
• PhD. A Professor - Economics in Chiang Mai with a phd education can earn an average salary of 2,304,300 THB.

Average Salary by Education Chart

Professor - Economics Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Chiang Mai, a male professor - economics will earn an average of 1,955,300 THB, while a female professor - economics will earn around 1,788,300 THB.

This means that a male professor - economics earns approximately 9% more than a female professor - economics for performing the same job.

Average Salary by Gender Chart in Chiang Mai

Professor - Economics Average Pay Raise in Chiang Mai

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Professor - Economics in Chiang Mai is around 11% every 19 months.

The national average pay raise across all professions and industries in Thailand is around 8% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 19 ) × 12  = 7%

What this means is that a Professor - Economics in Chiang Mai can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Chiang Mai for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Thailand.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Professor - Economics Bonus and Incentive Rates in Chiang Mai

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Professor - Economics is a moderate bonus based job, with 55% of employees reporting at least one bonus in the last 12 months.

45% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Thailand earn approximately 6% more than private sector employees in the same role.

Salaries for Jobs Similar to a Professor - Economics

In the table below, we have salary information for jobs that are similar to a Professor - Economics in Chiang Mai.

Salary Comparison by City

If you want to compare salaries with different cities in Thailand, you can use the links below to explore the data for each specific city we have researched.