How much money do you make? – MRC Festival Zone 2019

Question: How much money do you make?
- Keywords:
  money
Asked by anon-220918 on 18 Jun 2019. This question was also asked by anon-221068, anon-221069, anon-221075.
- Marianne King answered on 18 Jun 2019:
  
  I earn a PhD stipend of around £16,000 a year. I don’t have to pay tax on this as it isn’t technically a salary.
- Ambre Chapuis answered on 18 Jun 2019:
  
  I am also a PhD student so I don’t pay taxes, but my pay is a little less than Marianne. I make £14,000 a year. The pay for PhD student, I think, very depend of your project and grant.
- David Wilson answered on 18 Jun 2019: last edited 18 Jun 2019 9:45 am
  
  The following numbers are based on staying in an academic job they will vary slightly if you were to work in a scientific position for the NHS or an Industry position.
  
  A PhD student will earn between £14-24k per year, this depends on the charity or research funder that is paying for their stipend. This is Tax free
  
  A Research Assistant will earn between £22-43k per year depending on their experience and qualifications
  
  A Post Doctoral Researcher will earn between £33-43k per year
  
  A Lecturer or Principal Investigator will earn upwards of £40-60k per year
- Kate Timms answered on 18 Jun 2019:
  
  I make around £33,000 a year. Which is big step up from the £12,000 I earned as a PhD student! I do have to pay taxes and student loans now so I don’t get to keep all of the money!
- Nina Rzechorzek answered on 18 Jun 2019:
  
  David has given a great overview of this – I am currently at the lower end of the postdoc scale. I would earn more as a veterinary neurologist in private referral practice, but I wouldn’t get to do cool experiments like this! My salary is currently determined by an MRC Clinician Scientist Fellowship grant which gives me an incredible opportunity to work on my own research question, and hopefully discover something to give back to patients for years to come.
- Kaitlin Wade answered on 18 Jun 2019:
  
  David’s given a good summary. I’m currently an early career research fellow, which means that I have been a post-doctoral researcher for a couple of years and applied for a fellowship that pays for my salary on top of money for completing my research. I costed my postdoctoral salary at about £37,000 a year. In the next couple of months, I’ll be applying for further funding to become a research fellow with longer-term funding, in which I can ask for between £40-45,000 a year. This is all gross salary, so without tax and things like student loans, pension and national insurance taken off. Once you take all of this off, I earn about £25,000 at the moment.
- Rebecca Moon answered on 18 Jun 2019:
  
  I’m paid on the junior doctor pay scale, which is standardised across the country. The basic pay for a 1st year junior doctor is around £25000/yr but depending on the intensity of nights and weekends worked, there will be an additional supplement on this. At the top of the junior doctors payscale, 10 years after qualifying, if I worked full time, I’d be earning around £75000/year. I work part time though so my Pay is proportional to the hours worked.
- Ettie Unwin answered on 19 Jun 2019:
  
  David gave a good summary but in London its a bit more because everything is so expensive! I’m an early postdoc and earning ~£38k.
- Matthew Bareford answered on 20 Jun 2019:
  
  David’s summary is great, but to add to it:
  
  Technicians earn between 19 – 35K per year, depending upon the grade of technician.

Question: How much money do you make?

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