Occupational Outlook + Average Salary

Employment for chemists is expected to grow by 3% for the 2008-2018 decade. Graduates with a master’s degree or a PhD will experience better opportunities, especially at larger pharmaceutical and biotechnology firms. (2010-2011 Occupational Outlook Handbook, Bureau of Labor Statistics.)

Salaries earned by chemists are dependent on degree level and whether they are employed by industry, government or academia. According to the most recent survey by the American Chemical Society, the overall median salaries by degree are the following:

  • BS: $72,600
  • MS: $82,000
  • PhD:$101,000

According to the May 2012 State Occupational Employment and Wage Estimates for Indiana, average salaries for biologists were as follows: