2017 Life Science Salary Survey
Industry professionals make more than academic researchers, but for professors, it may not be about the money.
November 1, 2017|
As part of this year’s Life Science Salary Survey, more than 2,500 life science professionals from around the world answered our questions about their job status, compensation, feelings of job satisfaction and security, the inclusion of women and minorities in their workplace, and more. The survey results are in, and highlight some intriguing trends in workplace culture and income across sector, specialty, rank, and gender.
AROUND THE WORLD
In line with last year’s survey results, scientists and life science professionals living in the U.S. and Canada are the highest paid out of scientists from all the countries we surveyed, making an average of $94,894 per year—anywhere from $36,000 to nearly $60,000 more than average salaries reported from Europe, Asia, and Latin America.
This year, European salaries come in second, and Asia and Latin America trail far behind (though they’re gaining ground, as compared with last year’s data). Moreover, 68 percent of life scientists working in the U.S. and Canada report that they’ve received a raise within the last year. And although only 30 percent report negotiating their salaries, these respondents were the most likely to do so of those from any region; in Latin America, by contrast, only 10 percent of life science professionals said they’d negotiated their compensation.
But cultural trends in North American workplaces are not all positive. For example, only about 68 percent of life scientists in the U.S. and Canada reported that there’s adequate representation of women and minorities in their workplace, compared with at least 74 percent of scientists reporting from other regions around the globe. These data are in line with a 2017 report by the National Science Foundation (NSF), which found that women and minorities are disproportionately lacking in the scientific workforce within the U.S. On the other hand, 88 percent of responding scientists in the U.S. and Canada do feel that their workplaces are safe and welcoming for women and minorities, a level that’s comparable with responses from scientists in Europe and Asia.
ON INDUSTRY AND THE IVORY TOWER
US academic respondents to The Scientist’s survey report salaries consistent with last year’s. Also consistent with last year’s data is the considerable bump in average yearly wages from associate professor to professor—almost a $50,000 difference. Bargaining power is relatively low until one reaches a certain level of seniority, says labor economist Michael Roach of Cornell University.
Averaging across different positions within sectors, industry professionals make more than other life scientists in the U.S., pulling in $125,936 per year, compared with the $86,021 of academics and $97, 525 of those in other sectors such as government. “I’ve seen even higher wages [in industry] than what’s been reported in this recent survey,” says Roach, referring to his own data that are yet to be published. In his surveys, he and colleagues home in on the private sector, examining wage differences between big companies and start-ups, for instance. His data, however, include PhD students from chemistry, physics, and engineering, in addition to the life sciences.
But regardless of field, industry salaries are higher. “It’s always been that way,” says Roach. He’s not aware of any systematic analysis probing the primary drivers of such differences in pay scale, but believes there could be multiple forces at play. For starters, in academia, “there’s a high demand for faculty positions,” he explains, driven by the flood of applicants and the lack of available jobs. This environment is highly competitive, and universities have the advantage. “If people try to make demands for very high salaries, then universities will go on to the next most able person,” he says. “They’re really not going to give in. . . . This helps keep wages from getting too big.”
But the lower salaries aren’t necessarily a turn-off for most faculty candidates, Roach adds. “The stereotype is that faculty are not in it for the money. A lot of people get into science and graduate research out of a love of science.”
On the industry side, however, the demand for candidates is greater. “There’s a lot of competition in the private sector for highly trained STEM workers, especially PhDs, which drives down the unemployment rate and drives high salaries,” Roach explains. In addition to higher salaries, PhDs in the private sector also enjoy lower unemployment, according to his unpublished data.
WOMEN IN SCIENCE
There were far more male than female respondents within senior levels in US academia, especially amongst full professors, which, according to economist Shulamit Kahn of Boston University’s Questrom School of Business, reflects a larger trend. “There are a ton more men at the full-professor level,” she says.
Roach agrees and says that the difference in the number of male and female respondents is unlikely to be due to a response bias. “I think that there are a lot fewer women at the full-professor rank. . . . It’s not at all surprising that you see more equality in the lower ranks.” For instance, in the U.S. the number of respondents is well-matched by gender among less-senior academics, such as graduate students, postdocs, and even assistant professors.
He cautions against interpreting these data to mean that there are forces that “favor men and push women out,” however. He adds that he believes this discrepancy is improving, noting that greater gender equality within lower academic ranks in The Scientist’s survey results should eventually translate to more-equal numbers at the senior level. “The practices around recruiting graduates, mentoring graduates, and hiring graduates have changed over time, to where we do have greater equality now than we did 20 years ago,” says Roach. “Come back and do this 10–15 years from now, and I would expect that the number of full professors could be very equal as well.”
The Center for Science, Technology & Economic Policy Director Donna Ginther agrees. “There are more male professors in the senior ranks because women were less likely to obtain PhDs 20–30 years ago,” she writes in an email to The Scientist.
Gender differences in salary also appear to be improving. In a soon-to-be-published study, Kahn says she and her colleagues found a roughly 17 percent difference in pay between men and women in the sciences. But, she says, most of those salary differences were accounted for by a variety of factors, including pay gaps by sector. For instance, those who work in industry get paid more, and in general, there are fewer women in industry.
However, Roach notes women working in industry tend to make less money than men. “We see significant differences in wages between men and women in the surveys that we do.” In his recent survey of industry scientists, “men still make significantly more than women.”
According to Ginther, a similar gap doesn’t exist for academia. Her previous data “showed no evidence of a gender salary gap in academia in biomedical fields,” she writes (Psychol Sci Public Interest, 15:75-141, 2014). Indeed, when broken down by rank, The Scientist’s data showed very little difference between the salaries of men and women in US academia, with female full professors averaging less than $1,500 less than their male counterparts. Gender differences in pay scale become much smaller “if you start comparing apples to apples,” says Kahn, who has seen similar trends in her own data.
IF YOU’RE HAPPY AND YOU KNOW IT
Respondents to The Scientist’s survey also rated their feelings of satisfaction and security in their current roles and salaries. And around the globe, responses varied widely.
Overall, no region’s scientists reported high satisfaction with their compensation. In the U.S. and Canada, 47 percent of respondents said they were satisfied with their wages, and only 41 percent felt that their skills and experience matched their salaries, suggesting that more than half of life scientists in North America feel underpaid. And those numbers were even lower in Europe, Asia, and Latin America. But that doesn’t necessarily mean that these life scientists are unhappy.
According to Roach, there are “nonfinancial work factors that drive work satisfaction.” From the hundreds of interviews Roach has conducted with respondents to his own surveys, one thing that stands out as a primary driver of job satisfaction is the freedom to satisfy one’s research goals and interests. “We see in our research that salary is not typically a driving factor, as it might be in other kinds of careers.” In the U.S. and Canada, nearly 85 percent of respondents reported feeling stimulated in their current roles, suggesting that a large majority experience intellectual gratification.
“Intellectual challenge and a fit and interest with the type of work that you’re doing is typically pretty important,” says Roach. “It’s really much more [about] doing exciting and interesting things.”
The Scientist collected data via a Web-based survey, which was open from March 16 to July 14, 2017. Participation in the survey was promoted by email and advertising to readers of The Scientist and visitors to the-scientist.com. The responses were filtered to eliminate duplicate or misleading answers, and to eliminate reported salaries greater than $1 million or less than $10,000 for the U.S., Canada, Europe, and Oceania, and less than $1,000 for Asia, Latin America, and Africa. We received usable responses from 2,558 individuals from around the world.
The survey asked respondents to provide demographic data about themselves in 18 categories, and to report their base annual salary and other cash compensation. All international salaries were converted to US dollars using the conversion rates of July 17, 2017, and analyses were done using the US-equivalent amount. For year-over-year comparisons, data from previous surveys were converted into USD using the conversion rates from July 17, 2017, and reanalyzed according to this year’s methodology. The data reported are averages of the total compensation reported for a given category.
Not every participant provided all of the information requested. If the participant provided income data plus information concerning at least one demographic characteristic, the response was included in the study. The result of this decision is that the total number of cases varies among the analyses. For average salaries, all categories reported received a minimum of 50 responses; for other questions, all categories reported received a minimum of 20 responses.
© 2017 The Scientist LLC. All rights reserved.