With increasing demand for quality education, it is imperative for universities to attract and retain good faculty. This study explores the effect of demographic and some external factors on faculty satisfaction. The analysis is based on a nationwide survey of full-time faculty across 1,000 colleges and institutes in India. Results show that senior faculty is more satisfied than younger ones. Policy makers in higher education and university administrators should take this input to take corrective steps to ensure teaching as a career remains attractive and competes successfully with other career options available to young eligible graduates.