Physicists

Median annual earnings of physicists were $87,450 in May 2004. The middle 50 percent earned between $66,590 and $109,420. The lowest 10 percent earned less than $49,450, and the highest 10 percent earned more than $132,780.

Median annual earnings of astronomers were $97,320 in May 2004. The middle 50 percent earned between $66,190 and $120,350, the lowest 10 percent less than $43,410, and the highest 10 percent more than $137,860.

According to a 2005 National Association of Colleges and Employers survey, the average annual starting salary offer to physics doctoral degree candidates was $56,070.

The American Institute of Physics reported a median annual salary of $104,000 in 2004 for its full-time members with Ph.D.'s (excluding those in postdoctoral positions); the median was $94,000 for those with master's degrees and $72,000 for bachelor's degree holders. Those working in temporary postdoctoral positions earned significantly less.

The average annual salary for physicists employed by the Federal Government was $104,917 in 2005; for astronomy and space scientists, it was $110,195.

Physicists and astronomers held about 16,000 jobs in 2004. Jobs for astronomers accounted for only 5 percent of the total. About 33 percent of physicists and astronomers worked for scientific research and development services firms. The Federal Government employed 25 percent, mostly in the U.S. Department of Defense, but also in the National Aeronautics and Space Administration (NASA) and in the U.S. Departments of Commerce, Health and Human Services, and Energy. Other physicists and astronomers worked in colleges and universities in nonfaculty, usually research, positions, or for State governments, information technology companies, pharmaceutical and medicine manufacturing companies, or electronic equipment manufacturers.

In 2004, many physicists and astronomers held faculty positions in colleges and universities. (See the statement on teachers—postsecondary elsewhere in the Handbook.)

Although physicists and astronomers are employed in all parts of the country, most work in areas in which universities, large research and development laboratories, or observatories are located.

(from the Occupational Outlook Handbook: Physicists and Astronomers)

See more recent statistics for employed workers below.