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How Much Do Engineers Make?

September 13, 2008

Filed under: money — Terry Wohlers @ 16:19

Earlier this year, Machine Design magazine revealed the results from its annual salary survey. According to the April 24 issue, engineers make from about $68,000 to $148,000 annually. Vice presidents of engineering earn nearly $129,000, while consulting engineers get $148,000. Design, project, and R&D engineers are at the other end of the pay scale, although it’s not dramatically lower than other engineering types who earn in the range of about $70,000 to $91,000.

College degrees play a role as one might expect. Yet, even those without a degree are paid nearly $68,000, on average. With a bachelor’s degree, the pay increases to more than $79,000 for those with a non-engineering degree and to more than $83,000 for those with an engineering degree. The salary jumps to about $99,000 for individuals with a master’s degree in engineering.

If you’re considering a doctorate in engineering to earn more, you may want to spend your time and money elsewhere. Those individuals earn less, at about $95,000. However, people with a non-engineering doctorate receive $135,000, according to the survey.

All in all, engineers do pretty well, but of course they should. If you consider the pressures and responsibilities they face, engineers should be rewarded handsomely. Let’s hope that many of our best and brightest young people pursue engineering or a related field as a career and earn what they deserve.

1 Comment

  1. Thanks Terry.
    That’s why I’m still considering whether I should pursue a PhD or not.

    Comment by Kelvin — October 8, 2008 @ 19:05