2. Italy: This European nation takes the second position, as Italy’s full time professors working in public universities earn an average salary of $ 6,955 per month. Italy is also known all over the world for offering great academics especially graduate programs in the fields of engineering and applied sciences, computer science, business management, bio-chemistry, bio-medicine, medicine, law, education, chemical engineering, mechanical and fine arts leading to an MS, MBA or a Ph.D. Some of the best Italian universities are University of Milan, University of Pisa and Sapienza University of Rome where the professors apart from high salary enjoy great facilities.