Engineering salaries, graduation rates up

Some good news for engineers: both engineering salaries and graduation rates are still on the rise, according to recent data from The Engineering Income & Salary Survey.

12/12/2007


While debates about a shortage of U.S. engineers and the future of the profession continue, engineers can finally focus on some good news: both engineering salaries and graduation rates are still on the rise. According to recent data from The Engineering Income & Salary Survey, median salaries for engineers are up more than 10% from 2006, and up more than 19% from 2005. And other statistics show the number of engineering graduates also is strong, with nearly 75,000 new engineering bachelor’s degrees awarded in the 2005%%MDASSML%%2006 academic year.

 

The Engineering Income & Salary Survey is sponsored by the National Society of Professional Engineers (NSPE).

 

"What we're seeing is a good sign for U.S. engineers,” said Lawrence Jacobson, NSPE executive director. “While we can’t ignore that there will be an increased demand for engineers in the future, or be complacent in the need to meet that demand, the fact that employers are recognizing their value and more students are pursuing engineering careers is encouraging.”

 

According to the survey, the median salary for 2007 was $81,316. That shows a marked increase from $74,000 in 2006 and $68,025 in 2005. Starting salaries, determined by participants with less than one year of experience, also are following that trend with their median salary up 9% from $45,250 in 2006 to $49,250 in 2007. The $44,300 starting salary reported in 2005 shows this rise isn’t just an aberration. In addition, data from the American Society for Engineering Education shows that bachelor’s degrees in engineering increased again for the seventh consecutive year, and undergraduate enrollment has rebounded after two years of decline.

 

Factors such as engineering discipline, geographic location, education, and licensure status affect engineering salaries, but salaries are rising even when taking these into account. Engineers with a bachelor's degree earn a median salary of $73,000, compared to $70,000 in 2006. Those with a master's earn $82,558 compared to $79,000 in 2006, and engineers with doctorates saw an even greater increase from $87,561 to $94,000.

 

With 2007 being the 100th anniversary of engineering licensure, licensed professional engineers also are receiving good news, with a significant increase in their salaries from $82,000 to $86,000 in a one-year span. In addition to the increase over last year, PEs also earned 24% more than engineers with no license or certification.

 

Some other interesting findings for 2007 include:

  • Engineers in the Pacific Southwest (California, Nevada, and Hawaii) and Mid-Atlantic (New York, Pennsylvania, New Jersey, Delaware, and Maryland) regions earn more than engineers in other parts of the country. In the Pacific Southwest states, engineers earn a median salary of $88,000 a year, while those in the Middle Atlantic earn $81,000. By contrast, engineers in the Upper Mountain (Idaho, Wyoming, and Montana) earn a median annual salary of $70,200.

 

  • Petroleum engineers have the highest median annual salary of all disciplines at $119,500 followed by a tie between mining and forensic engineers at $107,750. Nuclear engineers come in a close third at $106,000.

  • The median income of female engineers ($65,000) is 80.3% that of male engineers ($80,995). However, that gap closes a bit when other factors such as length of experience and education are factored in.

For more information on engineering salaries, click

here

.

To purchase a copy of the survey, click here .





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
Prescriptive maintenance; Hannover Messe 2017 recap; Reduce welding errors
Safety standards and electrical test instruments; Product of the Year winners; Easy and safe electrical design
Safer human-robot collaboration; 2017 Maintenance Survey; Digital Training; Converting your lighting system
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation modernization; Predictive analytics enable open connectivity; System integration success; Automation turns home brewer into brew house
Commissioning electrical systems; Designing emergency and standby generator systems; Paralleling switchgear generator systems
Natural gas for tomorrow's fleets; Colleges and universities moving to CHP; Power and steam and frozen foods

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

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
Compressed air plays a vital role in most manufacturing plants, and availability of compressed air is crucial to a wide variety of operations.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Maintenance Manager; California Oils Corp.
Associate, Electrical Engineering; Wood Harbinger
Control Systems Engineer; Robert Bosch Corp.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me