In the state of Punjab, Higher education is provided by both Professional and Non-Professional Institutions. There are glaring differences in the working environment and organizational culture of Professional Institutions as compared to Non-Professional Institutions. These differences are visibly quite strong enough to have impact on the personality and working style of the Teachers working there. Whether it will lead to higher Job Satisfaction or lower Job Satisfaction, is yet to be explored. Further it will be in the interest of the Institution concerned, State and Nation itself to explore the impact of Job Satisfaction level on concerned individual teacher’s performance as well as on institution’s performance.This study sought to investigate the following areas of Job Satisfaction of College Teachers in Punjab. First, the study sought to investigate the factors responsible for different levels of Job Satisfaction, if any, among College Teachers of Professional and Non-Professional Institutions in Punjab. Second, the study sought to determine the effects of Job Satisfaction on the individual performance of the College Teachers. Third, the study sought to explore the effects, if any, of Job Satisfaction levels of College Teachers on the performance of their respective Institution.