![]() September 2000 |
![]() Volume 9, No. 9, 34, 35, 36, 39. Pay Gains Continue, But This Year It's a Randall Frey and Randall Willis The ACS Salary Survey finds plenty for chemists to celebrate, including lower unemployment.
Last year, ACS chemists with bachelors degrees reported mediocre salary gains vis-à-vis masters-degree and Ph.D. chemists. This years ACS Comprehensive Salary and Economic Status Survey shows that the tables were turned (see Table 1). B.S. chemists reported a hefty average gain of 5.2%, while last years leaders, masters degree holders, inched up only 1.6%. Ph.D. holders dropped off only slightly, from 4.1 to 3.9%, in salary gains. The good year for B.S. chemists phenomenon is highlighted furthe
The bottom line this year is a bit less rosy than 1999s in relation to the general economy. The March 2000 Consumer Price Index (CPI) increased 3.7% over March 1999, which means salary gains just barely outpaced inflation for Ph.D. chemists. Meanwhile, bachelors degree holders enjoyed an average 1.5% advantage over inflation, and M.S. chemists fell 2.1% behind the cost-of-living statistic. Last years CPI increase of only 1.7% was extraordinarily low; for a good example of the inflationary up-tick, one needs only to recall the prices of gasoline at the pump in March 1999 versus March of this year. The factors and figures discussed thus far are for all fields in the chemical workforce. For industrial chemists in particular (Table 2), the situation was similar except that industrial Ph.D. holders salary gains fell off almost as much as those of M.S. chemists: from 6.3 to 1.4%, versus from 6.6 to 0.8% for the latter. Meanwhile, B.S. industrial chemists led all categories in average paycheck boosts with 5.7%, slightly better than the overall B.S. chemists average of 5.2%. What a Difference a Year Makes Shrinking Unemployment Industrial chemists paralleled the overall decrease in unemployment, going from 2.6 to 2.3% this year. Academic chemists stayed at the very low rate of 1.3%, while government chemists hit the nearly full employment status of 0.8%. (A level below 1% had not been seen since 1980, when industrial chemists enjoyed another such moment in the near-full sunshine.)
At the ripe old average age of 40, whether male or female, youve hit your stride with a good job that pays a fair wage, little chance of unemployment, and plenty of opportunity for advancement. Wage parity is pretty strong in the younger crowd, although theres still a bit of a lag in the older set. If there has to be a downside to things, its that you should have listened to your mother and become a doctora Ph.D., that isbecause your M.S. degree is doing you little good over your B.S. colleagues. All in all though, the future is looking pretty rosy. Figure 2 details the good unemployment news virtually across the board in the industrial workplace. At the various degree levels among industrial chemists, B.S. holders enjoyed the lowest jobless rate, 1.9%, while their advanced-degree colleagues were at 2.5% (M.S.) and 2.3% (Ph.D.), still better in each case than in the year previous (2.8 and 2.5%, respectively). Among different employer types, two of the truly basic industriesfood and petroleumshowed the most improvement over last years rate of joblessness. Food chemists went from 4.5% unemployment to only 1.8%, while petroleum chemists were job-hunting at a more moderate rate of 3.6% versus 1999s chart-topping 4.9%. Theres still room for improvement, but maybe 2000s higher gas prices will help oil companies reverse their 1990s cutbacks. On the gender front, there was good news for female chemists in general, as their jobless rate dropped dramatically from 3.0% a year ago to 1.9% this year. Since the men of chemistry only edged down from 2.5 to 2.4% this year, it is the first time in recent memory that the unemployment rate has been lower among women than men in the chemical industry. Minority chemists, on the other hand, lost the slight edge they gained last year with a 2.2% jobless rate versus nonminorities 2.7% at the time. This year, minority unemployment inched up a bit to 2.4%, while nonminority chemists achieved the lower rate of 2.2%.
Industry Pay Still Leads
Within the industrial chemistry community, pay differs significantly according to the type of work performed (Figure 4). As in the past, the top job categories at all degree levels were R&D management, general management, and marketing/sales, in that order. The one exception to that order was at the Ph.D. level, where general managers slightly outearned R&D managers this year, $110,220 to $108,900. Identically with last year, the three lowest-paying work categories for B.S. chemists were analytical services, production/quality control (QC), and basic research; for Ph.D. chemists, the lowest pay was in production/QC, analytical services, and applied research, in that order. Due to a substantial jump in the median production/QC salary for M.S. chemists ($68,192 vs. last years $61,500), the three worst-paying categories among M.S.s changed to analytical services, basic research, and applied research, in that order. Once again, among newly minted Ph.D. chemists, female graduates achieved salary parity with their male counterpartsin fact, even a pocket-change superiority, $69,090 to $69,000. Another point of near-equality occurs at 2 to 4 years after receiving a B.S. degree, when the median for men is $38,600 and for women $38,374a mere 0.6% difference. More detailed survey data and analysis, including information on ACS members employed in academia, will be published this fall in the report Salaries 2000. The report will be available under salaries in the Build Your Career category on the Web site (http://www.acs.org), and the printed copy will be available for $150 from the Office of Society Services, 1155 16th St. NW, Washington, DC 20036. In addition, ChemCensus 2000 will be the basis for four special reports, plus an all-day symposium, planned for release at the spring 2000 meeting in San Diego. These reports will be ChemCensus 2000, Industrial Chemists 2000, Academic Chemists 2000, and Women Chemists 2000. The reports will offer in-depth analysis of the ChemCensus data and will also look at historical data from a half-century of ACS employment surveys.
Randall Frey is an associate editor and Randall Willis is an assistant editor of Todays Chemist at Work. Comments and questions for the author may be addressed to the Editorial Office by e-mail at tcaw@acs.org, by fax at 202-776-8166 or by post at 1155 16th Street, NW; Washington, DC 20036. Copyright © 2000 American Chemical Society.
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