Engineers Get Top Pay
What is an engineering degree worth? Year after year, engineering jobs are paid the highest average starting salary. According to the U.S. Bureau of Labor Statistics (BLS) engineers have a median annual wage of $91,010 and the engineering field projects to have employment growth of nearly 140,000 new jobs over the next decade. The bottom line: it is well worth the time and effort it takes to become an engineer. So how much do engineers make?
1: Figures from payscale.com, accessed June 2021
2, 3: Figures from National Occupational Employment and Wage Estimates, United States Department of Labor, dated May 2020
4: Mechatronics figures from Recruiter.com for Private Sector, accessed June 2021
NACE's Salary Projections
Engineering Majors Once Again Among Those Most in Demand: This year, mechanical engineering, electrical engineering, and computer engineering are interspersed throughout the list.
Bureau of Labor Statistics Occupational Outlook Handbook
"Employment is projected to grow about as fast as the average for all occupations, although growth will vary by specialty; overall job opportunities for engineers are expected to be good. A bachelor's degree in engineering is required for most entry-level jobs, but some research positions may require a graduate degree. Starting salaries are among the highest of all college graduates."
PayScale College Salary Report
"It's no surprise that STEM (science, technology, engineering and math) majors are the top college majors by salary, but that doesn't mean that we discourage students from studying majors in the humanities, social sciences, education or arts. In fact, some of those majors lead to high-paying careers as well—it just often takes a longer time for those graduates to reach their prime earning potential."