Staff Writer Feb 21, Multiple sources report that careers in engineering pay well above the national average and become increasingly lucrative as experience builds over time. Once they’re out of school and working, one of the biggest challenges engineers face is keeping up with the fast-paced evolution of technology and industry. It is predicted that many current employees are set to retire over the next ten years. Obviously, we are not financial experts and you should seek professional advice on any issues discussed above.
Pay by Industry
Engineers have a high starting salary. However, the increases in salary are very small compared to most every other occupation. Adjusted for inflation, engineers incomes peak after 10 years, stay level for another 5 years, and then decrease slightly. Typically, engineers with 20 years experience earn less than engineers with 7 to 15 years experience. While engineers have a high starting salary, because the slope of their income vs time is very low compared to other occupations, most college graduates in other occupations earn more money than engineers after 5 to 10 years experience. Yeah, some software engineers are on good money.
Which Engineers earn the most?
We have changed the way we log in on College Confidential. Read more here. March edited March in Engineering Majors. March edited March Post edited by etranman1 on March
Civil engineers make an average of $86,640 a year
Engineers have a high starting salary. However, the increases in salary are very small compared to most every other occupation. Adjusted for inflation, engineers incomes peak after 10 years, stay level for another 5 years, and then decrease slightly. Typically, engineers with 20 years experience earn less than engineers with 7 to 15 years experience. While engineers have a high starting salary, because the slope of their income vs time is very low compared to other occupations, most college graduates in other occupations earn more money than engineers after 5 to 10 years experience.
Yeah, some software engineers are on good money. It all depends on the amount of experience you have had in the past. Do engineers make alot of money average salary of a software engineer is around 30 — 40 K a year.
I know senior engineers in the USA florida who make 6 figures, but they have many more years experience than. I would strongly suggest though, that you do not go into engineering just for the money.
It’s a tough subject and if you don’t have any interest in the subject itself you wont make it. Trending News. Cruise line: Video shows man knew window was open. Social media onslaught after McGregor’s swift win. Florida python hunters wrestle invasive snakes. Duane Chapman: It’s ‘a lot harder now without Beth’. Experts share what not to do at a funeral. Common not to know of your non-Hodgkin lymphoma? Boy arrested after 4 people killed in Utah shooting.
Answer Save. Engineer Lv 5. The highest paid engineers go into management. As do engineers make alot of money, they do very little engineering. Patricia Lv 4. It depends on the country you work in and how good you are! I left university 4 years ago and currently make pounds UK a year before tax. How do you think about the answers? You can sign in to vote the answer. William EE.
I live comfortably I’m going to be a computer engineer, currently studying at Penn State university. Will Lv 6. Still have questions? Get your answers by asking .
What Cars can you afford as an Engineer?
Quick Links
Coming back to what was said earlier once again, Sakky mentioned most of the grads out of MBA go to finance, consulting or banking. Another thing to consider is broadening your horizons and considering working and living abroad. Stay up to date on industry news and trends, product announcements and the latest innovations. Volunteering for these projects will be remembered in your next merit review. But the tradeoff is usually in hours worked. Have you ever wondered in which countries engineers make the most money? Engineering majors have the highest starting salary coming out of undergrad. Of course, this is not always possible nor desirable for many but its something to consider when evaluating potential jobs to apply. In short yes, and. We have changed the way we log do engineers make alot of money on College Confidential. In an ideal world, it’s best to earn in strong currencies like Dollars but spend in weaker currencies like the Turkish Lira for example. Stay on top of the latest engineering news. More than PhD’s in universities I imagine Obviously, we are not financial experts and you should seek professional advice on any issues discussed .
Comments
Post a Comment