Research assistant hourly wages?

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SUMMARY

The discussion centers on estimating hourly wages for research assistants and professionals with advanced degrees, specifically in fields like physics, biochemistry, and materials engineering. Participants suggest that a research scientist in physics typically costs between $100,000 and $120,000 annually, including fringe benefits and institutional overhead, which can range from 28% to 38%. Alternatively, hiring a postdoctoral researcher can reduce costs significantly, with salaries ranging from $35,000 to $50,000, often without benefits, leading to total costs under $75,000 after overhead. The funding proposal in question is for $500,000 per year over four years from the NSF.

PREREQUISITES
  • Understanding of NSF funding mechanisms
  • Familiarity with institutional overhead and fringe benefits
  • Knowledge of salary ranges for research positions in STEM fields
  • Basic budgeting skills for project proposals
NEXT STEPS
  • Research NSF funding guidelines and requirements
  • Explore salary statistics for postdoctoral researchers in various scientific fields
  • Learn about budgeting for research projects, including overhead calculations
  • Investigate fringe benefits typically offered to research staff
USEFUL FOR

Researchers, project managers, and grant writers involved in budgeting for scientific projects, particularly those seeking NSF funding or hiring research assistants and postdoctoral researchers.

w3390
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So I have to put together a mock budget for a funding proposal. I am unsure, however, how much I need to pay the research assistants I will have working on the project. I also don't have a good idea of how much a professional with a PhD or master's would be paid to work on a project.

I don't have any experience as a research assistant so I have absolutely no idea what the general range of payment is. Any rough estimate will work for both the assistant and for a professional with a PhD or Masters.

All suggestions are welcome.
 
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Do you know what kind of overhead you are looking at? Do you just need salary?

PhD or masters in what? Physics?

If it is physics, you can look at the AIP statistics page for salaries: http://www.aip.org/statistics/

If you are looking for total cost (salary plus fringe and institutional overhead) I can probably dig up some numbers from some recent proposals of mine.
 
Ya, Norman. I do need to incorporate fringe benefits as well. If you happen to have your proposals easily at hand then that would be great. If not, don't worry about it.

The PhD is not necessarily in physics. In this particular case, we have a Biochemist, a Physicist, and a Materials Engineer. The salaries don't need to be specific, but I need to figure out how much each will be paid per year over a period of four years. The funding we are applying for is from the NSF which allots $500,000/yr for 4 years. I kind of need to know how much to pay the staff before I can budget the resources we need to use!
 
As a rough estimate, including fringe and overhead, a research scientist in physics will cost you approximately 100K-120K. There is usually like 28-38% overhead from the institution, then 10K - 15K worth of fringe, the rest is salary.

These are just rough numbers. Hope they help. Also, this assumes you are buying 100% of a person's time. That is not always the case. Keep that in mind.
 
Norman said:
As a rough estimate, including fringe and overhead, a research scientist in physics will cost you approximately 100K-120K.

These numbers are a bit higher than necessary. Instead of a research scientist, take a postdoc. You can get a postdoc for 35-50k salary, and oftentimes postdocs don't receive benefits. After overhead to the university, you are still almost certainly less than 75k. Scientists are cheap.
 
ParticleGrl said:
These numbers are a bit higher than necessary. Instead of a research scientist, take a postdoc. You can get a postdoc for 35-50k salary, and oftentimes postdocs don't receive benefits. After overhead to the university, you are still almost certainly less than 75k. Scientists are cheap.

Depends on what you need for the project, I suppose.

Just to be clear, however, for the numbers I gave originally, the salary range for the given parameters was 47-76k. As a postdoc in physics, I fall in that range with full benefits (my current position, however, is a little more atypical). With my first postdoc, I was within the range you quoted, also with full benefits.
 

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