Academic journal article Research-Technology Management

Tech Salaries Up, but Jobs Down

Academic journal article Research-Technology Management

Tech Salaries Up, but Jobs Down

Article excerpt

Starting salary offers to newly graduated scientists and engineers are showing healthy gains according to the Washington, D.C.-based Commission on Professionals in Science and Technology (CPST). Employers are projecting a 16 percent increase in college hiring in 2007-08, the fifth consecutive year of double-digit increases, and starting salaries are reflecting this positive growth, according to the 22nd edition of the CPST's Salaries of Scientists, Engineers and Technicians: A Summary of Salary Surveys (www.cpst.org).

Published biennially for more than four decades, Salaries of Scientists, Engineers and Technicians presents data from more than 80 public and private sources on starting and advanced salaries by field, experience level, degree level, and type of employer. Highlights from the 22nd edition include:

Starting Salaries

* Chemical engineering bachelor's degree recipients received the highest average starting salary offer in summer 2007 ($59,361). In contrast, the average psychology graduate was offered $31,631.

* Starting salary offers gained across all science and engineering fields last summer, with the most significant increases in chemical engineering (up 5.4 percent), civil engineering (up 5.4 percent) and computer engineering (up 4.8 percent).

* Among new doctorates in mathematics in 2006, those going to work in business and industry reported the highest median starting salary ($90,000), while those accepting academic post-doctorate positions reported the lowest--S48,000.

Salaries of Experienced People

* In 2003 (the latest data available), the median salary of all full-time employed scientists and engineers in the U.S. was $60,000, ranging from $54,000 for those whose highest degree was a bachelor's, to $63,000 for those with a master's, $77,000 for those with a doctorate, and $102,000 for those with a first professional degree.

* Asian scientists and engineers in the U.S. had a higher median salary in 2003 ($63,000) than non-Hispanic whites ($61,000), and underrepresented minorities ($50,000).

* By occupation, median salaries were highest at the bachelor's level in 2003 in engineering ($70,000) and computer science and mathematics ($68,000), and lowest in the life sciences ($42,000) and social and behavioral sciences ($45,000).

* At the doctorate level in 2003, the top salary went to computer and information scientists at $98,000, followed by engineers ($97,300). …

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