Some of the highest paying careers in the world are found in engineering. Engineering is widely considered as one of the most lucrative and in demand career choices, with multiple engineering disciplines and job types, as well as salaries that can exceed $100k per year once the engineer has some experience behind them. Engineers tend to earn in excess of the national average salary and this is expected by some reputable organizations to continue in the future. In fact, Engineering degrees make up 10 of the top 17 highest paid degrees.

 

Petroleum Engineering


The median starting salary for petroleum engineers is $74,240, with the mid-career salary of $132,320, and with experienced petroleum engineers making around the $186,520 mark¹. Industry groups anticipate many employees will retire in the next decade, just as the global demand for energy is increasing. The demand for petroleum engineers is expected to exceed the number of individuals trained to fill available positions increasing demand.

Internationally and domestically this demand will advance the careers and the salaries of petroleum engineers. There are a number of degrees available for those interested in pursuing petroleum engineering including training online.

Electrical Engineering


Newly-graduated electrical engineers have a median starting salary of $57,330.

Many electrical engineering jobs are tied to designing, testing and supervising the manufacturing of electrical equipment, but some electrical engineering careers consist of designing electronics schematics for commercial and consumer use.

Job growth in these areas is expected to be around 6%, a rate lower than average, through the rest of the decade. Mid-career salaries for electrical engineers are in the neighborhood of $89,180.

 

Computer Engineering


The median starting salary for a computer hardware engineer is $63,970. This is a relatively new field of engineering and some sources say that there are not enough computer engineers to keep up with demand while other sources say that the job growth for computer engineers will be below the national average. As schools start producing more computer engineers, the job growth rate could potentially slow. A computer engineer can anticipate earning a mid-career salary of $101,000.

Most technological breakthroughs are coming in the area of software engineering and not computer hardware, so keep that in mind as well.

 

Aerospace Engineering


A new graduate with a degree in aerospace engineering can expect a starting salary in the range of $65,450. With cutbacks in space exploration the Department of Labor expects that the need for aerospace engineers will grow at 5% over the next few years, a slower pace than the average job market. A mid-career salary for an aerospace engineer is $103,720.


Chemical Engineering

The median starting for chemical engineers is approx. $94,000. Chemical engineers are typically employed in the areas of manufacturing and research. They work not only for chemical companies, but also work in the manufacturing of electronics, clothing, paper, medicine, and food to name just a few. Chemical engineers can advance their careers from manufacturing plants to technical sales and company management. The market for chemical engineers is expected to be reasonably flat over the next few years. Job growth, however, in closely-related fields, such as biomedical engineering, is expected to be much faster than average job growth according to the US Department of Labor. A mid-career salary of $109,000 is the average.

Materials Engineering


The median starting salary for a materials engineer is $52,900.

Materials engineers work at developing and testing materials used in the production of industrial and consumer products, as well as working with metals and fabrics, and understanding the uses of each in consumer products. From now to the year 2020, the job growth for a materials engineer position is expected to be around 9% with a mid-career salary of approx. $85,150.

 




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