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 $100,640 and the engineering field projects to have employment growth of 6 percent from 2020 to 2030—nearly 146,000 new jobs over the next decade.
One thing is certain: engineers will continue to play a major role in shaping the world of tomorrow. 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 May 2023
2, 3: Figures from National Occupational Employment and Wage Estimates, United States Department of Labor, dated May 2022
4: Electrical Engineering Technology figures from Recruiter.com for Private Sector, accessed May 2023
Additional Engineering Salary and Career Information
The occupations on the US News and World Report's 2022 Best Engineering Jobs list are diverse and offer good salaries.
Engineering Majors Once Again Among Those Most in Demand: This year, mechanical engineering, electrical engineering, and computer engineering are interspersed throughout the list.
"Employment in architecture and engineering occupations is projected to grow 6 percent from 2020 to 2030. 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."
"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."