What chemistry grads do in Academia

sschoe2
Thu, 21 Apr 2011 08:46:39 +0000

The range I see for BS grads are $15 to $20 (no benefits) in the private sector. When I read the last salary stat from the ACS that says of the only 40% BS/MS grads that are employed full time 50%+ are in academia. Academia is well known to pay less than private industry. Therefore the $11 job makes sense.

The point I am making is that when you take in to account tuition and opportunity costs with post college wages a science degree is not only worthless it is less than worthless. It has a negative ROI there in a huge monetary penalty for being foolish enough to get one.