This study surveyed approximately 500 faculty across different disciplines from over 100 four- year colleges and universities in the U.S. The primary purpose of the study was to provide some empirical data on the general job satisfaction and pay satisfaction levels of faculty by type of academic discipline and by geographic region. The possible moderating influence of selected individual-level variables (sex, age, seniority, academic rank, and tenure status) and organizational-level variables (institution size, public versus private status, unionization status, and overall university salary level) upon job and pay satisfaction was also investigated. The results of this study indicated that there were significant differences in the pay satisfaction levels of faculty as a function of discipline type and geographic region. Overall university salary level was found to be significantly related to both job and pay satisfaction; and overall salary level also differed significantly by geographic region. The implications of the current findings for university pay policies and practices are discussed.