Masters in Chemical Engineering Salary
Chemical engineers are chemists who want to know how to do things. They design the equipment used in chemical plants to produce their chemicals. They also develop the processes used to manufacture chemicals and chemical products like gasoline, plastics and paper. Chemical engineers will generally have an undergraduate degree in chemistry before entering a graduate program in chemical engineering.
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Starting Salary
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Your degree will have the largest impact on where you enter the workforce and whether you want to move into a supervisory role. According to Engineers Salary.org, chemical engineers with a master's degree have an average starting salary of $58,600 a year in 2011. This compares to chemical engineers with a bachelor's degree who start their careers with a $59,000 annual starting salary and a $73,600 salary for those with a doctorate.
Compared to Other Engineers
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Chemical engineers tend to earn less than other engineers.The salary for starting aerospace engineers is around $62,549, according to Engineers Salary.org. Biomedical engineers with a master's degree start with an average salary of around $59,000 a year. Civil engineers have a starting salary around $49,000. Computer engineers with a master's degree earn around $60,000 a year to start, while electrical engineers with a master's degree start at around $66,000 a year. Industrial engineers with a masters start around $64,759, and mechanical engineers with master's degrees start at around $62,978 a year.
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Average Salary
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Once you are in the workforce, your master's degree education will be working with more experienced chemical engineers with master's and other degrees. In 2010, the U.S. Bureau of Labor Statistics reported that there were 28,720 chemical engineers in the country who earned an average annual salary of $94,590. The middle 50 percent of chemical engineers earned $70,940 to $112,630 a year.
Job Outlook
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According to the U.S. Bureau of Labor Statistics, the number of engineering jobs in the country is expected to grow by 11 percent between 2008 and 2018. This is considered about average. Chemical engineering jobs, however, are expected to decrease by 2 percent over the same time frame. Within the industries that use chemical engineers, the growth industries will be energy research, biotechnology and nanotechnology.
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