What Is the Average Salary of a Biomedical Engineer?
As a biomedical engineer, you're able to apply your knowledge of engineering principles to develop innovative medical procedures and processes that solve medical and health-related problems. Read on to see salaries for this career and learn about factors that can affect your earning potential. Schools offering Engineering & Technology Management degrees can also be found in these popular choices.
The U.S. Bureau of Labor Statistics (BLS) reported that the median annual salary for biomedical engineers in May of 2012 was $86,960 (www.bls.gov). The bottom 10% of workers made $52,600 or less, and the top 10% made $139,450 or more. However, your actual earning potential as a biomedical engineer varies based on a number of factors. Among those factors include your experience, education, geographical location and employer.
Salary by Education Level
A bachelor's degree is usually sufficient for most entry-level engineering jobs. Annual incomes for biomedical engineers with bachelor's degrees ranged from $43,791 to $83,224 as of January 2014, according to PayScale.com. However, a master's degree is often necessary for research and development opportunities, as well as university faculty positions. Those with Master of Science degrees in biomedical engineering earned salaries ranging from $50,806 to $87,864, according to the same salary data source.
Salary by Experience
As with most occupations, the more experience you have, the more you can expect you salary to grow. According to PayScale.com in January 2014, biomedical engineers with less than one year of experience earned between $41,095 and $79,218. In contrast, those with 5-9 years of experience benefited from a salary range of $53,355 to $97,913.
Salary by Location
Biomedical engineers across the country earn varying salaries. For example, if you live in San Francisco you may earn more than if you lived and worked in Minneapolis. According to the BLS, workers in Santa Rosa-Petaluma, CA, and San Jose-Sunnyvale-Santa Clara, CA, earned the highest wages as of May 2012. The average annual salaries in those locales were $116,040 and $115,620, respectively. As a whole, the top-paying states for this occupation based on mean wage included Colorado ($104,550), Minnesota ($103,440), California ($101,570), Virginia ($97,790) and Massachusetts ($96,070).
Salary by Industry
The BLS listed the medical equipment and supply manufacturing industry as having the highest level of employment for biomedical engineers, and the mean salary for this industry was $92,200 as of May 2012. The top-paying industries for this occupation as of May 2012 included scientific research and development, physicians' offices and architectural and engineering services. Those working in scientific research and development earned mean salaries of $100,780, while those working for physicians' offices made annual mean salaries of $100,270.
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