Engineering is considered among those fields which keep on evolving and knows no bounds at all. Every now and then, we observe hundreds of breakthroughs being made in one or the other field of engineering. Despite several myths attributed to the engineering field, it has become one of the most advanced and sought-after fields across the globe.
Look out in your neighborhood and you will find every second or third kid with an aspiration to become an engineer. Be it a software engineer, be it an electrical engineer or any other one. The bottom line is everyone sees their future in this field. Of many other perks enjoyed by the engineers, the most attractive one is their salary package. Initially, it is low but with the passage of time and with additional degrees, the pay of an engineer surpasses any other person deployed at the same scale with the same level of degree.
Here in this article, we will be focusing mainly on how much do engineers make and what additional degrees contribute in their high payouts. Let’s find out how much do engineers make.
How much do Engineers make:
We will be discussing the salaries of engineers from different fields here in this section. Keep in mind these wages are average based, your salary may differ depending on what market you’re in, what type of company you’re at and what kind of engineering you do and in which country or state you work.
Biomedical Engineer Salary
Biomedical engineering is the most emerging field with a rapid growth rate of 23% . Average growth rate of all other occupation is 7%. Growing technology and its application to medical equipment and devices have increased the demand for the work of biomedical engineers.
According to stats analyzed by Michigan tech university, the mean annual salary of a biomedical engineer is $91,230. A newbie gets an average salary of $61,720. The low 10% get a salary of near about $45K. Rest of 90% engineers earn a handsome amount.
Software Engineer Salary
A Software Engineer is so in demand these days that it becomes difficult for the companies sometimes as which one to drop and which one to select. The reason is, the technical prowess of one surpasses its successor and so on and so forth. A paradigm shift has been observed in this century when we see every system being translated into code and human intervention has become lesser.
The companies are mostly hunting for fresh software engineering graduates because they have the nerves to handle the complications. The initial salary of a fresh bachelorette of software engineering ranges from $56,856 to $80,000. With experience and education, it can top up to $126,691.
Employment of software developers is projected to grow 17 percent from 2014 to 2024, much faster than the average for all occupations. The main reason for the rapid growth is a large increase in the demand for computer software.
Electrical Engineer Salary
Then come the electrical engineers. There is not much difference between the salaries of software engineers and electrical engineers. For a fresh electrical engineer, the salary is from $57,000 to $75,000. And if he happens to attain a master’s degree while remaining on the post, he is then liable to be paid from $75,000 to $110,000. The median annual wage for electrical engineers was $94,210 and for electronic engineers, it is $99,210 except computer engineers. Unfortunately, no change in growth rate of the job is expected in 2014-24.
Mechanical Engineer Salary
The median annual wage for mechanical engineers was $84,190 in May 2016. Mechanical Engineer pay starts from $50,049 per year and it can go up to $98,961 per year depending upon qualification, experience, and type of job. The hourly income lies with in a range of $15.37 – $41.83. The average growth rate for mechanical engineering is 5% where as it is 7% for overall engineering
Petroleum Engineer Salary
Normally referred to as the “highest paid engineers” across the globe, they actually enjoy the professional life but are always at the hook. For the fresh graduates, the job routine at the site is quite hell. They have to stand in the scorching heat and at mining and drilling sites to oversee and monitor the operations. The salary ranges from $58,978 – $192,928. This is indeed the highest paid salary jobs one could ever imagine. The schedule of a petroleum engineer starts from being very tough to being very lax. And the salary keeps soaring from low to high with the passage of time. Employment of petroleum engineers is projected to grow 10 percent from 2014 to 2024,
Chemical Engineer Salary
The starting salary of a chemical engineer is comparatively low from that of the ones we discussed above. With educational maturity and experience, they somehow manage to come close to handsome salary ranges. Their wages range from $50,685 – $119,860. Their job growth rate is 2% which is slower than average job growth rate.
Materials Engineer Salary
Since this discipline is quite new, that’s why it will take some time to reach the maturity level. For now, the starting salary of a freshly graduated materials engineer amount to $53,000. According to a report, the salary of material engineers is expected to raise to an enormous level of about 1% only. Their salary ranges from $51,854 – $102,039 per year.
Industrial Engineer Salary
Though industrial engineer does not lie under top earning engineering field, but it’s one of the most important fields in any industry. His major responsibility is to enhance production rate by implementing better labor, technical and production process. He is supposed to determine and maintain the quality and reliability of products.
Their pay is not much high as compared to another engineering field. Their salary ranges from $48,892 – $90,259
Civil Engineer Salary
Though civil engineering is not among the highest paid engineering field, it plays a vital role in progress and prosperity of a country by constructing buildings, dams, bridges.
A Civil engineer may work in many sectors such as transportation or structural etc. The road, railways, harbors, airports which we use mainly for transport and dams, power plants, irrigation canals, etc, all are due to civil engineers day and night work.
The average earning of civil engineer is about $63 per year. Their wages lie between $47,844 – $96,566. Jobs of civil engineers is projected to grow 8 % from 2014 – 2024, about as fast as the average for all occupations
|Engineering Major||Early Career Pay||Mid Career Pay||% High meaning|
|Computer Science (CS) & Engineering||71200||116000||0.45|
|Electronics & Communications Engineering||68000||115000||0.54|
|Electrical & Computer Engineering (ECE)||68100||114000||0.49|
|Computer Engineering (CE)||69600||113000||0.46|
|Electrical Engineering (EE)||67000||110000||0.53|
|Electrical & Electronics Engineering (EEE)||64000||108000||0.61|
|Industrial & Systems Engineering||63800||108000||0.45|
|Materials Science & Engineering||65800||108000||0.45|
|Biomedical Engineering (BME)||62700||104000||0.75|
|Industrial Engineering (IE)||63800||104000||0.45|
|Structural Engineering (SE)||58700||104000||0.71|
|Mechanical Engineering (ME)||63500||103000||0.51|
|Agricultural Engineering (AE)||55000||90600||0.61|
Source: payscale.com | bls.gov
Apart from the engineer salary discussed above, there are many more disciplines of engineering yet to be covered. The salaries are not the contributing factor in determining your field of interest. So try to opt that engineering discipline which you have found your aptitude to be appealing. If you run after money, your intellectual growth will stop as you will take your profession as a way of earning.
Try to become a person of value in whatever field you may choose rather than becoming a person after money. Our advice always searches for an expert’s advice before you step into any university in any discipline whatsoever. We will continue to add more field about the topic “How much do engineers make”