The salary that a PhD graduate can earn depends on several factors, including their field of study, the industry in which they work, their level of experience, and their geographical location. On average, however, PhD graduates tend to earn higher salaries than those with only a bachelor's or master's degree.
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| WHAT TYPES OF SALARIES DO PHD GRADUATES EARN? |
In general, the salaries of PhD graduates in academia tend to be lower than those in industry, but they also often come with additional benefits such as a flexible schedule, the opportunity to conduct research, and a chance to teach. According to a survey conducted by the National Science Foundation, the median salary for PhD graduates working in academia was $75,000 per year, while the median salary for those working in industry was $110,000 per year. However, it is worth noting that these figures do not take into account the cost of living in different areas, which can significantly impact an individual's salary.
In terms of specific fields, PhD graduates in STEM (science, technology, engineering, and mathematics) disciplines tend to earn higher salaries than those in other fields. For example, according to a report by the Georgetown University Center on Education and the Workforce, the median annual salary for a PhD graduate in computer and information sciences is $112,000, while the median salary for a PhD graduate in the social sciences is $70,000.
It is also worth noting that the salary of a PhD graduate can vary significantly depending on their level of experience. Early career PhD graduates may earn less than those who have been working in their field for several years, but as they gain more experience and take on more responsibility, their salaries are likely to increase.
Overall, the salary of a PhD graduate can vary widely depending on a variety of factors, but on average, they tend to earn more than those with only a bachelor's or master's degree.
THE TRUTH ABOUT PHD SALARY STATISTICS & WHAT TO DO ABOUT IT
