by: Tracy Krughoff, BIOtech Now

Today The Scientist released its annual Life Sciences Salary Survey, showing a 5% increase in total compensation over salaries last year—an increase that exceeds the 2008 inflation rate of 3.8%. A few trends they noted in the survey:

  • Academia has been enacting more involuntary furloughs or unpaid leave, which may not show up as salary reductions;
  • Many students are seeking higher education rather than entering job market;
  • Women’s salaries are lower than men’s salaries;
  • Asian scientists holding an MS degree earned the highest salaries among the ethnic groups surveyed;
  • Life sciences professionals working on either the east or west coasts earned higher salaries than compared to the middle of the country;
  • The greatest percentage increase in salaries were attributed to professionals working in patents, licensing and trademarks, followed closely by clinical research; and
  • The highest salaries went to tenured endocrinologists.

Check out the article HERE.