This study examined overall job satisfaction among college faculty in Mexico. The study used data from a 1992-93 Carnegie International Faculty Survey. Secondary multiple regression analysis identified predictor variables for several faculty subgroups. Results were interpreted by differentiating between work-related and intrinsic factors, as well as by relating particular predictors to conditions affecting the Mexican academic profession. The strongest predictor variables were work-related (management, job security, academic salary); academic climate (academic collaboration, intellectual atmosphere); and other intrinsic variables (teaching and governance issues) played a secondary role. The study found that while Mexican faculty were generally dissatisfied with the job situations in which they work on a day-to-day basis, on a long-term basis they hold the careers they have chosen in high regard. The results were strongest for full-time faculty and faculty holding doctorates; they were weaker for part-time faculty and full-time faculty with no graduate degrees. Eight tables summarize the data. (Contains 27 references.) (CH)