While there has been several job satisfaction studies, very few of them are about the university teachers or academics in general. The present work examines not only how satisfied UK academics are with their primary tasks of teaching and research, but also their satisfaction with their pay. Using a binomial logit analysis on a survey data, the study found a strong positive relationship between pay satisfaction and gender, indicating that women academics are more satisfied than the men counterparts. The study also found that research and teaching satisfaction are negatively affected with increasing age and length of service in higher education respectively. Unsurprisingly, research and pay satisfaction are positively associated with rank. It was found that the engineering staff members are dissatisfied with their research but more significantly, their teaching. The implications of these findings are explored.