FAANG don't typically pay someone with just a masters in CS $300K fresh out of school, perhaps excluding someone in a very in demand niche. I didn't get that from my offers and I had a PhD from a good school. Maybe I just suck, but I compared notes with my peers, so we must all suck.
From what my friends got in academia and industry, I'd say at entry-level, professors at good schools are competitive with FAANG salaries, particularly when the cost of living is lower where the university is located. The raises and promos lead industry people to outpace them though because of the lower ceiling in academia.
From what my friends got in academia and industry, I'd say at entry-level, professors at good schools are competitive with FAANG salaries, particularly when the cost of living is lower where the university is located. The raises and promos lead industry people to outpace them though because of the lower ceiling in academia.