When it comes to how fast teachers can climb the salary ladder, Milwaukee Public Schools is a better than average place to work, according to a new report that studies the nuances of teacher compensation in more than 100 large districts.
After adjusting for cost-of-living, the report ranked Milwaukee 16th among the big-city districts studied, based on teachers’ likely lifetime earnings and the number of years it would take them to reach a salary of $75,000.
But a recent adjustment to the MPS salary schedule — not captured by the report, which is based on 2013-’14 figures — would likely drop the district lower on the list.
The report, “Smart Money: What Teachers Make, How Long It Takes And What It Buys Them,” was released Wednesday by the National Council on Teacher Quality, a Washington, D.C., think tank. It reviewed 2013-’14 teacher salary schedules for 113 school districts.
The report concludes that most school districts need to rethink their compensation systems, because offering traditional salary schedules with no way for educators to accelerate their earnings may be a hindrance to attracting and keeping high-quality talent.