How Much Do Engineers Typically Make?
Typical salaries for engineers vary by specialty, such as electrical, mechanical or environmental engineering. In addition, experience plays a role in earnings. Read on to learn about the salaries that various types of engineers typically earn. Schools offering Engineering & Technology Management degrees can also be found in these popular choices.
If you become an engineer, you'll use advanced mathematics and science to meet the needs of citizens and consumers. Through computer layouts and sketches, you could come up with the design plans needed to create machines, structures, technological devices or other products. You can choose from numerous specialties, including aerospace, chemical, biomedical, electrical, civil, environmental and mechanical engineering. How much you'll earn as an engineer depends on many factors, including your specialty and experience.
Salary by Specialty
Your salary as an engineer can depend upon your chosen specialization. According to the U.S. Bureau of Labor Statistics (BLS), aerospace engineers earned one of the highest annual wages, taking in a median salary of $103,870 as of May 2013 (www.bls.gov). Chemical engineers made a slightly lower median yearly income of $95,730, while civil engineers earned a median annual income of $80,770.
Biomedical engineers earned a median yearly income of $88,670, while electrical engineers made a median salary of $89,180 annually. Environmental engineers earned a median income of $82,220, while the median income for mechanical engineers was $82,100 per year, reported the BLS in May 2013.
Salary by Experience
PayScale.com listed entry-level engineering salaries by specialty in April 2014. Entry-level biomedical engineers earned a median wage of $58,128, while entry-level electrical engineers earned a median wage of $62,240. Entry-level median salaries were $59,773 for mechanical engineers, $54,281 for civil engineers, $64,941 for chemical engineers and $66,421 for aerospace engineers. While entry-level environmental engineers earned a median wage of $53,737, entry-level electrical engineers earned a median wage of $62,240.
The BLS reported that engineers overall are expected to experience job growth of 9% from 2012-2022. If you're looking for an expanding engineering field, you might want to consider civil or biomedical engineering. Civil engineering jobs are projected to increase by 20% from 2012-2022, while biomedical engineering positions are expected to undergo even faster growth of 27% during the same decade.
Environmental engineers are expected to see faster-than-average job growth of 15% from 2012-2022, according to the BLS. Job growth for other types of engineers is expected to be slower than average. From 2012-2022, employment growth will be 7% for aerospace engineers, 4% for chemical engineers, 4% for electrical and electronics engineers and 5% for mechanical engineers.
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