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Career Return on Investment

IIT offers significant financial assistance, up to full scholarships, room and board, for students in chemistry. Chemistry is the “central science,” and it’s a great springboard into many different careers. The American Chemical Society describes nearly 40 career possibilities. Whether you want to do research in a university, become a doctor or pharmacologist, work in energy or environment, food, or cosmetics, there is a path for you. See the following salary and and field growth chart for more information.

As this article explains, “The vast majority of science majors and practicing scientists are excelling in every major indicator of labor market success, in comparison to their peers.”

In May 2012, the median annual wage for chemists was $71,770. The median annual wage of materials scientists was $88,990 in May 2012.

Salary and Field Growth

2012 Median Pay

$73,060 per year
$35.13 per hour 

Entry-Level Education

Bachelor’s degree

Work Experience in a Related Occupation


On-the-job Training


Number of Jobs, 2012


Job Outlook, 2012-22

6% (Note: national average is 11%)

Employment Change, 2012-22


Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition, Chemists and Materials Scientists, on the Internet at (visited April 16, 2014).