Engineers rank among the best-paid professionals in the world. Depending on their skills, experience, and specializations, however, engineers can earn quite different salaries from each other.
Certain engineering jobs deliver stellar earnings. If you’re just making some important decisions about your education, you’ll find the following information quite beneficial.
The United States is home to some of the best and most knowledgeable engineering talent, and these people are being trained in the most in-demand fields which put them among some of the highest salaries we can find in the country.
Engineers are deemed the highest paid professionals year after year, and that is regarding their starting salary and mid-career income. While the median salary of a college graduate in engineering was approximately 54,000 dollars back in 2010, that number increasingly grows larger each year and sees as much as twenty percent in increases each year.
According to the Bureau of Labor Statistics, some of these graduates are also seeing six-figure debts as well. However, people with their knowledge and experience are in high demand, and because of this, they have access to higher salaries.
Here is the ranking of the six highest paying engineering jobs in America, as well as some information on the salaries to be expected in Canada.
Petroleum engineers top the list when it comes to the best-paid professionals that have an engineering degree. According to PayScale.com, the median annual petroleum engineer salary in the US is 99,194 dollars. The best professionals in the field can earn an average salary of up to 195,086 dollars, profit sharing and commissions included.
Canadian petroleum engineers get equally lucrative payment. The median annual salary in the country is 85,005 dollars, and the best-paid professionals can earn up to 165,191 dollars per year.
Experience is obviously a determining factor for the amount that petroleum engineers receive. Professionals that have 10 to 20 years of experience are the best-paid ones.
Petroleum engineers have a really responsible job, which is why they enjoy such attractive salaries. These professionals design and oversee the production methods for extracting petroleum and natural gas.
They’re responsible for monitoring the drilling process and coming up with strategies that will make the extraction more efficient. Most petroleum engineers are employed by oil companies, but some work in academic institutions and do important research.
The aerospace engineer is the next best-paid professional in the field. These experts earn a median annual salary of 77,805 dollars in the US. The most experienced aerospace engineers can earn an average salary of up to 122,050 dollars per year.
In Canada, an aerospace engineer will earn a median annual salary of 61,709 dollars, and the maximum can reach up to 97,347 dollars, PayScale.com reports.
Aerospace engineers have a really interesting job. They are responsible for designing aircraft, satellites, and missiles. Also, these professionals work on new technologies in the field, they determine the technical feasibility of a project, and they also oversee the manufacturing process.
The challenging job of the mining engineer results in a lucrative salary. These professionals earn a median annual salary of 72,764 dollars in the US. The most experienced mining engineers can earn up to 108,456 dollars.
In Canada, a mining engineer earns an average of 79,407 dollars, and the best professionals in this field can expect salaries of up to 127,793 dollars.
The mining engineer is the person responsible for designing mines. The safety of the workers and the efficiency of the process are the two primary concerns. A mining engineer will have to study the structure of the mine and look for potential health hazards that will need to be addressed in the most adequate way.
Chemical engineers earn just a little bit more than computer hardware engineers, which is why they deserve the fourth position in the list. The median chemical engineer salary in the US is 72,741 dollars, and the most experienced professionals will earn an average annual salary of up to 122,838 dollars per year.
Chemical engineers in Canada earn a median annual salary of 65,456 dollars and the best professionals in the field will make 101,571 dollars per year.
A chemical engineer uses academic and practical knowledge to develop new chemical substances or improve the characteristics of existing products. As a result, these professionals can find employment in numerous industries, and they are often hired by industrial companies, environmental control agencies, factories, labs, and universities.
Computer Hardware Engineering
Computer hardware engineers are responsible for the development of sound and efficient hardware systems. Very often, they’re the ones that design and plan the manufacturing of chips, printers, circuit boards, modems, and PCs.
It’s easy to see how these professionals benefit from a spectacular range of employment options. Our need for new technologies is growing all the time, which is why the world needs more and more qualified professionals capable of designing and manufacturing such products.
A computer hardware engineer in the US will earn a median annual salary of 72,094 dollars, and the most experienced professionals in the field earn 112,657 dollars. In Canada, a computer hardware engineer can expect to earn an annual average of 68,372 dollars, and the best professionals in the field earn 87,663 dollars.
Experts that specialize in materials engineering earn only a little bit less than computer hardware and chemical engineers. The median annual salary in the US is 72,069 dollars, PayScale.com reports. The best-paid professionals having this degree can expect to earn up to 107,992 dollars.
In Canada, a materials engineer will earn a median annual salary of 67,013 dollars and the most experienced professionals earn 119,966 dollars.
The name of this profession sounds a bit vague, but a materials engineer is responsible for doing materials analysis. They use the background in engineering to develop new products or to make existing products more efficient.
A materials engineer can work with numerous teams in a company, analyzing performance and suggesting improvements that will boost cost-efficiency and productivity.
In addition to the above six highest paying engineering jobs, we are also seeing other engineer professionals making high salaries as well. Electrical engineering, for example, is showing 63,400 per year and Industrial engineering may see an annual average salary of 59,900 dollars.
Depending on your education, your experience, and the type of degree you have, there is a difference in salary. However, engineering positions still remain one of the highest paying salary jobs in the United States, and the profession and demand continues to grow.