PhRMA STEM Education Factsheet 2014

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Information about PhRMA STEM Education Factsheet 2014
Health & Medicine

Published on March 11, 2014

Author: PhRMA



STEM: Building a 21st century workforce to develop tomorrow's medicines. This fact sheet details the status of STEM (science, technology, engineering and math) education in the U.S. today, linking its importance to U.S. economic growth and the discovery of new medicines.

To Develop Tomorrow’s New Medicines Building a 21st Century Workforce 1+2 PhRMA Member Companies Support STEM Programs Across the U.S. Impact & Reach OVER 30 PHRMA MEMBER PROGRAMS ARE FOCUSING ON INCREASING DIVERSITY IN STEM FIELDS. Key Report Findings: Biopharmaceutical Industry Advancing STEM5 STEM workforce is vital to the future of U.S. economy and global competitiveness – STEM workers account for over 50% of the nation’s sustained economic growth.1 STEM workforce is particularly important to biopharmaceutical manufacturing, which has 5X greater concentration of STEM jobs compared to rest of economy.2 U.S. high school students rank 28th in science and 36th in math among 65 countries. Shanghai currently ranks 1st for both subjects.3 Once a leader in STEM education, the U.S. now ranks 20th among all nations in proportion of degrees awarded in science and engineering fields—Japan and China award twice the U.S. share.4 As other countries continue to make substantial investments in growing their STEM talent, U.S. investments in STEM education continue to decline, risking our position as the global innovation leader. State of STEM Education in U.S. Total number of STEM programs supported Number of employee volunteers Number of employee hours volunteered Percentage of Industry-sponsored STEM programs focused on K-12 Number of individual STEM-related grants awarded Total STEM education program funding provided $100M4,500 27,000 85% 60090 PhRMA member companies and their foundations support over 90 STEM programs focused on both students and teachers. Support ranges from funding third-party STEM education initiatives, to supporting STEM scholarships, and providing hands-on learning opportunities in company laboratories. Member companies sponsor 14 national-level programs, with additional local-level programs being supported in 26 states, Washington D.C. and Puerto Rico, with a larger concentration of activity in states with deeper industry presence. Over the last five years, PhRMA member company STEM programs have impacted over 1.6 million students and 17,500 teachers. 85% of programs are focused on the way K-12 STEM education is taught in the U.S. by engaging younger students and early education teachers. U.S. needs to produce 1 million additional STEM graduates over the next decade to maintain its position as the world’s leader in science and technology innovation. --PCAST Source: President’s Council of Advisors on Science and Technology, “Engage to Excel: Producing One Million Additional College Graduates with Degrees in Science, Technology, Engineering, and Mathematics,” February 2012. 1 U.S. Department of Labor, “The STEM Workforce Challenge: The Role of the Public Workforce System in a National Solution for a Competitive Science, Technology, Engineering, and Mathematics (STEM) Workforce,” April 2007. 2 Battelle Analysis of Bureau of Labor Statistics, Occupational Employment Statistics data, 2012. 3 Organization for Economic Co-operation and Development (OECD), Programme for International Student Assessment (PISA), 2013. 4 National Science Board, “Science and Engineering Indicators 2012.” 5 Battelle Technology Partnership Practice, "STEM: Building a 21st Century Workforce to Develop Tomorrow's New Medicines," January 2014. Data includes activities supported by PhRMA member companies or their foundations.

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