Many people, especially students often wonder, “How much do electrical engineers make?” There are a few items to consider when answering this question. It’s common for many industries to experience wage stagnation as overseas competition and a surplus of workers keep wages down. But the salaries for electrical engineers are growing, along with the number of jobs. This is a good time for people starting their careers in electrical engineering or moving up the career ladder.
The salary for electrical engineers varies depending on the industry, location, company size, years of work experience and education level. Overall, electrical engineers have experienced an increase in compensation. According to Recruiter.com, “The annual compensation for electrical engineers has increased since 2004. Electrical engineer salaries have increased by an average of 18.62 percent nationwide in that time.” That trend is expected to continue.
As students enter the electrical engineering field, they should be knowledgeable in their salary expectations. These future engineers should have the answer to the ultimate question: How much do electrical engineers make?
How much does an electrical engineer make with a bachelor’s degree?
Engineers who have their bachelor’s degree and a minimum of two years’ experience can enter the workforce as an entry-level engineer. These engineers typically do not have extensive knowledge in the field but are knowledgeable about applications and processes. In addition, entry-level engineers usually report to a supervisor or manager while developing, testing and designing products that are powered by or produce electricity. According to the Business Bureau of Labor and Statistics, entry-level salaries range from $50,000 to $75,000.
How much do electrical engineers make when they’re a mid- to senior-level engineer?
When electrical engineers reach mid- to senior-level positions, they use design software, equipment and computers to complete projects. At this level, electrical engineers have three to five years of experience in the field along with a bachelor’s degree. In addition, they have an advanced and extensive knowledge of electrical and navigation systems. According to the Business Bureau of Labor and Statistics, mid- to senior-level salaries range from $70,000 to $90,000.
Which industries offer the highest salaries to electrical engineers?
According to the National Association of Colleges and Employees, engineers in the following fields typically have the highest salaries:
Extractive industries
Finance and insurance
Wholesale trade
Professional, science and technical services
Manufacturing
Public administration
If you have additional questions or are interested in more information on a degree in electrical engineering, please visit our Academics Page or call our Admissions Office at (863) 583-9050.
