
CEP’s biennial salary survey is presented in the June 2015 issue and includes a quantitative analysis of chemical engineering salaries relative to variables such as age, experience, functional area, state, industry, etc. AIChE members can access an expanded version here.
Experience and time taken off
The median annual salary of survey respondents increased from the median reported in 2013. Work experience and time taken off for family reasons show the most significant impacts on salaries.
Survey results — not surprisingly — indicated that respondent salaries increased with experience. When earnings were evaluated as a function of experience and gender, salaries began to diverge. Less-experienced male and female respondents reported similar wages, if not slightly higher for female engineers. However, more-experienced male engineers reported higher salaries than their similarly experienced female counterparts.
The discrepancy could be due to time taken off work for family reasons, which is ten times more common for females than males, according to survey data. This suggests that women still assume many domestic responsibilities, despite their prevalence in the professional world.
However, the difference between salaries for males and females who took time out of the workforce was not statistically significant. For every month out of the workforce, future earnings are reduced by $232 per month for the rest of the person’s career, regardless of gender, a sum that confirms the long-term impact time off can have on a career.
The future
The U.S. Bureau of Labor Statistics (BLS) expects employment for chemical engineers to grow by 4% over the next ten years — slower than the expected growth for all occupations (11%) and growth for engineers in general (9%). The BLS reports that growth will be stemmed by a decline in employment in manufacturing sectors, which includes chemical manufacturing.
Growth may be slow, but salaries remain high. According to the BLS, chemical engineers continue to earn more than the national average ($47,230) and engineers in general ($93,630), with a mean salary of $103,590.
Comments
It's sad that time taken off,
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Very enjoyable article.
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Hi Justin,
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As a new mom of a one year
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