Starting salaries remain 'depressed' for 2004 chemistry grads

April 18, 2005

When adjusted for inflation, median salaries for 2004 bachelor's, master's and Ph.D. chemistry graduates were about 10 percent below the salaries received by chemists who graduated three or four years earlier, reports Chemical & Engineering News in its April 18 issue. The weekly newsmagazine is published by the American Chemical Society, the world's largest scientific society.

The report is based on the most recent ACS annual survey of starting salaries and employment for new chemists. This year's survey covers chemists who graduated between July 2003 and June 2004.

In "constant-dollar terms," according to the magazine's report, median salaries remained "depressed." The survey shows a median salary for inexperienced bachelor's graduates with full-time permanent jobs at $32,500, compared to $32,000 for 2002-2003 graduates. Ph.D. graduates' salaries rose from $63,300 to $65,000 over the same period, while salaries dipped slightly from $44,500 to $43,600 for M.A. graduates.

Overall, starting salaries and employment for new chemistry graduates survey "did not get any worse than the previous survey," according to the report, which noted there were even some modest gains.

A total of 38 per cent of 2003-2004 Ph.D. graduates found fulltime employment, compared to 37 percent in the previous 12 months. The gain for bachelors' graduates also was small, up from 24 percent to 25 percent. Master's class employment rose from 41 per cent to 48 percent over this period.
-end-
For the full story in C&EN, click on: pubs.acs.org/cen/acsnews/83/8316startingsalary.html.

The American Chemical Society is a nonprofit organization, chartered by the U.S. Congress, with a multidisciplinary membership of more than 158,000 chemists and chemical engineers. It publishes numerous scientific journals and databases, convenes major research conferences and provides educational, science policy and career programs in chemistry. Its main offices are in Washington, D.C., and Columbus, Ohio.

American Chemical Society

Related Employment Articles from Brightsurf:

Employment insecurity linked to anxiety and depression among young adults during COVID-19
Young adults may be less susceptible to the serious adverse health effects of COVID-19, but they have not been absolved from economic and employment downturns -- and there has been little research on how employment insecurity has affected them.

Study examines cancer's effects on young women's employment and finances
Cancer and its treatment can impact an individual's ability to work, and employment disruptions can lead to financial hardships.

Perspective on employment rates after spinal cord injury - 30 years after the ADA
Thirty years after the passage of the ADA, planning for return to work is often a low priority during rehabilitation for spinal cord injury, The authors emphasize that vocational rehabilitation services, when delivered soon after injury and integrated into the medical rehabilitation plan, contribute to better employment outcomes.

Study: Student debt may hurt chances at full-time employment
A recently published study led by The University of Texas at Arlington says that student debt may hurt students' chances of securing full-time employment due to added pressure in their job search.

Kessler survey shows education paves the way to employment for youth with disabilities
The 2020 survey collected a wealth of information, including details of college majors and occupations, finding that students with disabilities were more likely to pursue career paths focused on helping people, and less likely to choose STEM majors, or to work in STEM disciplines.

Ethnic minorities' employment prospects lag behind white majority
The employment prospects of some ethnic minorities in the UK have improved since the 1970s but still lag behind the white majority because of 'persistent racism', a major new study says.

Promoting temporary contracts fails to have the desired effect of increasing employment
A study by the UPV/EHU and University of Cambridge explores the actual effect of the labour reforms applied between 1988 and 2012 in countries throughout Europe.

Extra payments motivate sobriety and employment among people recovering from addiction
After a yearlong study of people with opioid dependence, Johns Hopkins Medicine researchers report evidence that adding $8 an hour to their paychecks may help those in recovery stay drug free longer, as well as encourage them to get and hold regular jobs.

Blacks' views on racism affect likelihood of self-employment
Working blacks who believe racism has a major impact on their lives are more likely to seek self-employment than those who feel less strongly about its effects, according to new research from Rice University.

Place-based tax incentives stimulate employment in remote regions
A place-based payroll tax incentive can be effective in stimulating employment in remote and underdeveloped regions, helping to address regional inequalities, according to a new UCL and University of Oslo study.

Read More: Employment News and Employment Current Events
Brightsurf.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.