Tuesday, March 14, 2006

New Nano Salary and Employment Study

SmallTimes magazine just released its 2006 compensation survey for the nano and micro sector. There is little information on sampling procedures and response rates, and at least some of the findings seem to suggest that certain groups, such as post-docs, were more likely to respond to the survey and therefore overrepresented in the final sample.

With these limitations in mind, the most interesting section is probably is the overview of Engineer/researcher compensation – global and U.S. Other findings are summarized in the press release:
"SmallTimes conducted a compensation survey of micro and nano professionals that revealed an overall trend in higher compensation and expanding job opportunities. More than 1,300 micro and nano professionals throughout the United States and 36 other countries responded.

Key findings include:

  • On a global basis, the average salary in micro and nanotechnology is $84,605. In the United States, the average salary is $97,978.
  • Expect those numbers to rise: 64 percent of U.S. employees received a raise in 2005, and 75 percent said they expected to receive a raise in 2006.
  • Salaries are rising even faster in hot developing countries. For example, although the average micro and nano salary in India is only $15,850, a full 81 percent expect a raise of more than 5 percent in 2006."

(Click here for the complete survey results.)