How much does an Assoc. Professor - Business Administration make in New Mexico? The average Assoc. Professor - Business Administration salary in New Mexico is $91,635 as of November 25, 2019, but the range typically falls between $72,556 and $141,141. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.