Faculty at Manhattan School of Music are locked in a tough wage negotiation. The school is represented by one of NY’s costliest law firms, Proskauer Rose, whose attorneys charge $1,475 per hour.
MSM pays precollege faculty $61 per hour.
Here’s another striking stat: From each student’s tuition, the studio teacher receives about 20%. Ear training, theory and ensemble teachers receive just above 1%.
MSM College revenue in 2022 was $61.78 million. Expenses $56.69 million. net profit: $5.09 million.
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