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    The Economic Status of Chemistry

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    Answer the following questions on the economic status of chemists.
    the answers may be found in the chemistry and engineering news issues of june 2, 2008(questions1-8) and march 9, 2009(questions 9-10)
    http://pubs.acs.org/cen/archive/back.html
    look under ACS news (2008 issue) or salary survey (2009 issue) and be sure to check the attached tables.

    1. what was the median annual starting salary of 2007 BA/BS chemistry graduates (latest year for which figures are available) with full-time permanent employment and less than 12 months technical work experience prior to graudation?

    2. what was the median annual starting salary of 2007 MS and PhD graduates?

    3. arrange the following categories of employment in order of decreasing starting salary for BA/BS 2007 chemistry graduates with full-time permanent employment: development and design, management, production/quality control, research, and teaching. What was the spread between the median salaries of the top and bottom of these categories?

    4. what percentage of recent year BA/BS chemistry graduates secured either full-or part-time jobs?

    5. what percentage of recent year BA/BS chemistry graduates enrolled in graduate or professional schools?

    6. what percentage of 2007 BA/BS chemistry graduates who secured any employment started working for each of the following types of employers? industry (include all types), Academia (including high school teaching), Government, Analytical/Clinical labs?

    7. what were the 3 most effective job search methods for 2007 BA/BS graduates with full-time employment? give the % of graduates who found jobs these ways?

    8. note that the answers to the above questions for 2007 BA/BS graduates are based on the response of a small fraction of graduates. what is this percentage?

    9. as of March 2008, what if the median salary of all BA/BS chemists 10-14 years after receiving their degree?

    10. answer question 9 for chemists with PhD degrees.

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    Solution Preview

    ANSWERS:
    1. what was the median annual starting salary of 2007 BA/BS chemistry graduates (latest year for which figures are available) with full-time permanent employment and less than 12 months technical work experience prior to graudation?
    Men: $37,000
    Women: $36,300
    All: $36,700

    2. what was the median annual starting salary of 2007 MS and PhD graduates?

    For MS:
    Men: $46,000
    Women: $49,000
    All: $48,000

    For PhD:
    Men: $78,500
    Women: $60,000
    All: $75,000

    3. arrange the following categories of employment in order of decreasing starting salary for BA/BS 2007 chemistry graduates with full-time ...

    Solution Summary

    The economic status of chemistry is examined.

    $2.19