The Engineering position industry provides a very good compensation plan. The wages, however, will vary based on several elements. The variables include which kind of engineer a person is, their expertise level, as well as their educational background. According to several independent University studies, the top paid engineering employment opportunity is Petroleum Engineering. Reports show that first year Petroleum Engineers out of school earn a starting income between 97-98 thousand dollars per year and their mid career wages are 155 thousand dollars a year.
Salary Trends for First Year Engineers
Recent surveys have shown that fresh engineers, regardless of what field of engineering, will make at least 58 thousand dollars per year. With 58 thousand dollars being the lowest reported, the highest salary reported for newbie engineers can reach up to 100 thousand dollars per year. However, most first year engineers earn usually between 61-65 thousand dollars yearly. As stated above, first year Petroleum Engineers earn up to 98 thousand dollars annually and they're the highest paid first year engineers listed. Newbie Chemical Engineers make an average newbie salary of just around 65 thousand per year. Aerospace, Electrical, and Materials Science Engineers make between 58-63 thousand dollars per year, for first timers.
Salary Trends for Seasoned Engineers
When engineers become more experienced and seasoned their salaries will tend to rise. However, the salaries will go up based on several factors. First, the organization that the engineer works for will play a large role in how much the engineer can make. If the engineer is employed by a large corporation which has high profits, it's likely that the engineer will see a rise in pay faster than an engineer that works for a smaller organization that doesn't have large profits. Another important factor will be how good the engineer is. If the engineer works hard and performs excellent work in a good time then it's likely that he will make more money because he is very valuable to his / her company. Reports have shown that engineers that are at mid-career level earn close to 100 thousand dollars a year. Obviously this figure vary based on the facts previously stated. Petroleum, Chemical, and Aerospace Engineers are the highest paid veteran engineers; however, Petroleum Engineers earn more than the other two.
Salary Trends for First Year Engineers
Recent surveys have shown that fresh engineers, regardless of what field of engineering, will make at least 58 thousand dollars per year. With 58 thousand dollars being the lowest reported, the highest salary reported for newbie engineers can reach up to 100 thousand dollars per year. However, most first year engineers earn usually between 61-65 thousand dollars yearly. As stated above, first year Petroleum Engineers earn up to 98 thousand dollars annually and they're the highest paid first year engineers listed. Newbie Chemical Engineers make an average newbie salary of just around 65 thousand per year. Aerospace, Electrical, and Materials Science Engineers make between 58-63 thousand dollars per year, for first timers.
Salary Trends for Seasoned Engineers
When engineers become more experienced and seasoned their salaries will tend to rise. However, the salaries will go up based on several factors. First, the organization that the engineer works for will play a large role in how much the engineer can make. If the engineer is employed by a large corporation which has high profits, it's likely that the engineer will see a rise in pay faster than an engineer that works for a smaller organization that doesn't have large profits. Another important factor will be how good the engineer is. If the engineer works hard and performs excellent work in a good time then it's likely that he will make more money because he is very valuable to his / her company. Reports have shown that engineers that are at mid-career level earn close to 100 thousand dollars a year. Obviously this figure vary based on the facts previously stated. Petroleum, Chemical, and Aerospace Engineers are the highest paid veteran engineers; however, Petroleum Engineers earn more than the other two.
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