Chemists with bachelor's degrees and less than a year of experience earn a median starting annual salary of $32,500, according to a survey of 2003-2004 graduates from the American Chemical Society (ACS). Chemists with master's degrees earn a median annual salary of $43,600 and those with doctorates earn a median $65,000.
Source: The Wall Street Journal
However, the same source says:
Recent electrical-engineering and chemical-engineering graduates earn average annual starting salaries of $51,773 and $53,639, respectively, according to a fall 2005 survey by the National Association of Colleges and Employers in Bethlehem, Pa.
So, if you like chemistry, become a chemical engineer rather than a chemist.
That's pretty sad for them. I do better than that, and I don't have a degree. Demand for chemists is apparently pretty low.