The purpose of this study was to identify the relationship between faculty satisfaction and retention in higher education. It was also a purpose to add to the understanding of faculty satisfaction and retention in higher education. A quantitative explanatory research design was used to study faculty satisfaction and retention in higher education. The data was collected from the National Study of Post-Secondary Faculty (NSOPF) collected in 2003 by the National Center for Education Statistics (NCES). These data were analyzed utilizing a Pearson's Correlation and a multiple regression analysis. The analysis of the data suggests that there is a strong positive relationship with the employment satisfaction variables and a negative relationship with the instructional satisfaction variables on retention. As a result of these findings there are strong implications for administrators, faculty, and other higher education personnel interested in retaining desirable faculty in higher education.