Salaries in Manufacturing: Process Manufacturing Tops List
Salary benchmarks are key information for two primary reasons -- as economic indicators and as operations management tools. And of course, for personal reconnaissance. Therefore, we try to keep you and ourselves abreast of who's making what and how the industry looks from different angles, in different quarters. This particular survey is excellent. It took place December 2009-January 2010, conducted by the IndustryWeek engine. A total of 1,333 people responded to the survey. Data was cleansed by removing non-U.S. manufacturers or largely incomplete surveys, for example; data from the resulting 1,259 responses was culled.
Chemicals Industry had the highest salaries, at $133,077 / year average for Management (2009). In fact, Process Manufacturing tops the list, having the highest salaries for Manufacturing Managers. Process manufacturing is typically associated with formulas and manufacturing recipes, as opposed to "discrete manufacturing," which is concerned with bills of material and assemblies, as in airplanes and cars. Three examples of Process Industries are Chemicals, Pharmaceuticals/Healthcare, and Petroleum & Coal.
The Chemicals, Pharmaceuticals/Healthcare, and Petroleum & Coal industries averaged $122,186 per year between them in 2009, with Chemicals Industry by far the highest, with its average annual salary at $133,077.
Show me? Salaries for Manufacturing Managers in 2009, United States
Where do you, or your team, fit in?
Annual Salary by Industry:
$133,077 Chemicals industry (highest in category)
$88,352 Rubber and plastics products industry (lowest in category)
Annual Salary by Geography:
$126,110 Pacific Region (highest in category)
$92,202 Midwest States (lowest in category)
Annual Salary by Experience Level:
$108,934 Managers with 26-plus years of experience (highest in category)
$46,321 Managers with two years of experience or less (lowest in category)
Industrial Machinery vertical at $99,378
37% of respondents were in the three manufacturing verticals closely associated with "traditional" manufacturing:
- industrial machinery
- automotive/transportation vehicles and equipment
- metals
Of these, highest earners were managers in industrial machinery: $99,378
The article in its entirety can be found here: long salary article by IndustryWeek.
More salary data:
ISM's salary survey reports average salaries (for the 2009 calendar year, all in U.S. dollars):
$240,408 Chief Purchasing/Supply Management/Sourcing
$226,562 Vice President, Purchasing/Supply Management/Sourcing
$132,398 Director, Purchasing/Supply Management/Sourcing
$94,384 Manager, Purchasing/Supply Management/Sourcing
$71,348 Experienced Supply Management Professional
$50,506 Entry-Level Supply Management Professional
The upshot? If you’re a manager in the Rubber and Plastics Industry – especially in the Midwest, you may want to look towards supply chain jobs on the ISM web site. ISM, of course, is the Institute for Supply Management.
More info on that salary survey can be found here: New Salary Figures for Purchasing / Supply Management
Summary
The chemicals industry keeps coming out on top in terms of salary. It may not be tops in terms of public perception these days, as public perception of the chemicals industry still isn’t at an all time high if this 12,000+ person survey for public opinion is any indication: What does the public think of the chemical industry? http://supply-chain-data-mgmt.blogspot.com/2010/01/what-does-public-think-of-chemical.html
ISM says that salaries in Supply Management start at $50,000 (USD) at entry-level and go up to $250,000 (USD)
Process Manufacturing tops the list with highest salaries for Manufacturing Managers; of that, Chemicals Industry is highest with $133,077 / year average for Management (2009).
Those three averaged $122,186 between them, with Chemicals Industry by far the highest, with average annual salaries reported at $133,077.
Wages in Top US 100 metro areas: $68,270 average salary in leading export industry (in each metro area)
$68,270 is the average annual salary of for the leading export industry in the top US 100 metro areas. $70,965 is the average salary in the Baltimore area's top export industry, which is chemical manufacturing.
Stats culled from recent write-up by Lorraine Mirabella in the Baltimore Sun. Chemical manufacturing ranked second overall in U.S. exports and was the top export to Brazil and India, two of the world's fastest growing markets, she said. Besides chemical manufacturing, Baltimore's major export industries include business, professional and technical services, tourism, computer and electronic product manufacturing and machinery manufacturing. Mirabella quoted the Brookings Institution report on a number of export-oriented points, the most relevant of which are bulleted above.
Chemicals in Indiana
Couldn't resist posting this snippet - it's a dangler but... don't forget Indiana:
"Over 150,000 jobs in Indiana are either directly or indirectly generated by chemical industry activity. These jobs see wages average at approximately $98,100 annually." That, according to the article, is 87% higher than other manufacturing wages in Indiana, and those jobs are collectively responsible for roughly $424 million in state and local tax revenue, it says.
Source: an article on TSCA Reform in the Clarion (Indiana) News, by Lisa Long, President, Chamber of Commerce of Harrison County, July 21, 2010
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