ASME survey shows engineer salaries on the rise
‘Careers in engineering are rewarding on many levels’
Good news for engineers on the salary front: on average, base salaries rose 3% from last year.
According to a new salary survey by ASME (American Society of Mechanical Engineers) and ASCE (American Society of Civil Engineers), the average salary for engineers in 2012 is $95,603, an increase of $2,877 over last year. Annual income for engineers, including commissions and fees, increased nearly 4% from 2011 to 2012. (View The Engineering Income and Salary Survey)
The data were compiled from an online survey of 12,720 engineers in multiple age groups and employed in varied industry sectors and technical disciplines. Nearly 72% of the respondents indicated a salary increase.
- Engineers working in the field of ocean engineering represent the highest full-time salaried median income, $169,000.
- The median annual income is the highest in California, Nevada and Hawaii, and lowest in the Upper Mountain states.
- Nearly 57% of respondents are recipients of a standard benefits plan from their employers; the remaining group receives flexible benefits.
“There has never been a more exciting time to be an engineer, and the results of the 2012 Engineering Income and Salary Survey confirm what we already know: Careers in engineering are rewarding on many levels,” said Thomas Loughlin, executive director of ASME.
“We hope the survey will be a resource to the many organizations that track employment and salary data on engineers,” said Alicia Karwoski, P.E., director of professional activities at ASCE. “We are encouraged to see engineering salaries on the rise at a time when more engineers are needed to spur technological innovation in the United States and around the world.”
ASME and ASCE have been collaborating on the salary survey report for the last five years. The firm enetrix, a division of Gallup Inc., prepared The Engineering Income and Salary Survey, a broad report which breaks down key income data and trends based on length of experience, supervisory responsibility, education level, gender, ethnicity, work location, and other criteria.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey