How Much Do Research Studies Usually Pay? - Altus Research (2024)

FAQs

How Much Do Research Studies Usually Pay? - Altus Research? ›

The good news for people who participate in these studies is that they are often compensated for their time. The amount that they are paid varies, but it often pays anywhere from $50-$500 a day. The exact amount you are ultimately compensated for participating in a research study depends on a variety of factors.

The average researcher makes around $70,000 a year. However, this amount can range from $44,000 to $240,000 a year. Factors such as the type of researcher, the company, and location, impact how much a researcher can earn.

In terms of salary, the national median salary for researchers was reported to be $85,717. Additionally, when examining job demand, employers across the country posted 134,029 job postings related to positions for researchers.

Paid Studies

Participating in a paid study can help you earn extra money and expose you to new fields and areas of exploration while making a productive contribution to society. Studies can be both interesting and lucrative, but it is best to gain an awareness of how they work prior to participating.

The answer is yes, you can get paid for study-related time and travel for participating in most clinical trials. While not all research studies pay participants, most clinical studies, or medical studies, at Velocity pay from $75 to $4,500.

One of the largest and most comprehensive sources of free salary information is the Bureau of Labor Statistics (BLS). The BLS has salary survey data for many different positions in various industries as well as for specific geographic locations.

Major Research Grants

Studies involving secondary data analysis are at the lower end of the range (about $100,000-$300,000), whereas studies that involve new data collection can have larger budgets (typically $300,000-$600,000).

Generally speaking, university researchers can earn anywhere from $40,000 to well over $100,000 per year, depending on their role and responsibilities. For example, a research assistant—usually a graduate student or someone lower down in the hierarchy—might start with a salary closer to the lower end of that range.

As of Aug 10, 2024, the average hourly pay for a Researcher in the United States is $25.06 an hour. While ZipRecruiter is seeing hourly wages as high as $52.40 and as low as $10.10, the majority of Researcher wages currently range between $15.14 (25th percentile) to $31.25 (75th percentile) across the United States.

Which clinical trials pay the most? ›

For example, Phase 1 trials offer the highest payments (around $2,000 on average), but this is because the treatments being studied are less well-understood. Phase IV trials, in comparison, offer the lowest average compensation (around $400).

Please be advised that compensation for participation in a study is taxable income. Personal information about you, including your name, address, and social security number, may be released for the purpose of payment and for tax reporting to the Internal Revenue Service (IRS).

One of the most significant advantages of participating in clinical trials is the compensation. Depending on the study's complexity and duration, participants can earn a substantial amount of money. This can be particularly appealing if you're looking to supplement your income or save for a specific goal.

The best Research jobs can pay up to $229,000 per year.

Research is a vital aspect of many careers.

Paid focus groups

Make money by participating in online focus groups with Respondent. Researchers from leading brands use focus groups to understand pain points, sentiments and identify product usage patterns that can help build better experiences. Share your insights and get paid to participate in a focus group.

Remote Clinical Trials are led and coordinated by a local investigative team, but are based remotely, within a given community, state, nation, etc. The remote approach affords many of the benefits of multi-site trials without the same barriers.

Depends on where they work. University professors get a salary but are expected to obtain grants for their research. That goes to reimburse the university for their research time and pay for equipment, travel, and overhead. Industrial researchers are paid by their employer to work on projects.

A career in research can make a difference

The results of your research could have benefits across many areas of society, from addressing social, cultural and health issues to scientific and technological breakthroughs that could have benefits internationally.

As of Aug 13, 2024, the average hourly pay for a Research Lab in the United States is $22.03 an hour. While ZipRecruiter is seeing hourly wages as high as $41.83 and as low as $8.65, the majority of Research Lab wages currently range between $15.38 (25th percentile) to $27.40 (75th percentile) across the United States.

It can take up to 10 years to become a doctorate-prepared research scientist, plus another one to five years to complete a postdoctoral fellowship. Entry-level research scientist roles may only require a four-year bachelor's degree or a master's degree, which takes one to two years.