Number 431 (Story #3), June 2, 1999 by Phillip F. Schewe and Ben Stein
PH.D. PHYSICISTS IN THE U.S. REPORTED A MEDIAN SALARY OF $70,000 in 1998, an increase of 8 percent over the past two years, and salary gaps appear to be narrowing between physicists with master's ($57,000) and bachelor's degrees ($54,000). This information comes from approximately 9,250 respondents to an American Institute of Physics survey of members belonging to its ten member societies. Moreover, the unemployment rate of the respondents is 0.7%, the lowest this decade. However, physics master's recipients who teach at high schools reported only a 3 percent increase in their salary, not keeping up with the pace of inflation. The highest median salary belongs to those in the healthcare industry ($87,500). Although median salaries differed across employment sectors for respondents in their early- and mid-career, those working in many sectors reach a median salary of $90,000-100,000 after 25 years of experience, especially when one considers supplemental income, such as consulting and summer teaching often done by physicists with 9-10 month contracts at colleges and universities. ("1998 Salaries: Society Membership Survey," issued in April by the AIP Education and Employment Statistics Division; to order single copies, and for further information, please contact Amanda Benedict, abenedic@aip.org, 301-209-3388)
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