STEM Careers Show Narrowing Gender Gap
More women are entering STEM-related career fields than ever before. STEM, which stands for Science, Technology, Engineering, and Math, are areas traditionally dominated by men. With more organizations and companies placing a greater emphasis on getting more women into the space, the gender gap is getting smaller.
One of the main driving factors for women entering STEM jobs is the high level of pay. As a whole, the average salary for STEM careers is $65,000 a year. To make the pay even more attractive, most of the careers only involve a Bachelor’s degree. This leads to less student debt overall and women can start saving substantially a lot sooner.
Another benefit of saving earlier is the opportunity for early retirement. Many STEM employees can retire after only 20 years in the workplace. STEM field workers also enjoy work that contributes to global improvement which makes job satisfaction very high.
The unemployment rate also runs very attractively low for STEM careers. The rate currently sits at about half of the average unemployment rate which means over 96% of STEM-educated workers remain employed.
According to the U.S. Census Data, men are still dominating the field, but women are closing the gap. In states like Montana and Rhode Island, the ratio is just over two men for every woman in the field. While the majority of the country is displaying more favorable proportions, states such as Idaho and Utah still employ over four men for every woman in STEM careers.
In the infographic below, each state is broken down by the total number of men and woman working STEM-related jobs and the ratio of men to women. Interested to see where your state is on the list? Check out the infographic for the comprehensive breakdown.