Design News' annual salary survey shows salaries have increased for the third year in a row.
The annual Design News salary survey shows that for the third year in a row, salaries have increased, and this year the average salary has broken the six-figure mark.
The survey shows that the average engineering salary has increased to $100,664 in 2013. This is an increase from last year's average of $96,813. Similar to last year, 69 percent of engineers have had an increase in their base annual salary while only 2 percent have experienced a decrease. The remainder reported their salaries have stayed the same.
Salaries fluctuate depending on job discipline, and engineers working in controls are making the most with a combined salary and bonus of $120,895. Electronic engineers come in second, bumped from its No. 1 spot last year. Even though electronics went down a spot, the combined salary has risen from 2012's average. The semiconductor industry continues to bring in the highest average salary of $115,290.
Job satisfaction remained at 56 percent this year for engineers that are extremely or very satisfied with their career. Those satisfied with their career said that problem solving, technical challenges, and the opportunity to be creative are contributing factors to their job satisfaction. The most common responses stated that engineering freedom and flexibility of schedule play a large part in their satisfaction. Others noted the ability to mentor and pride in their finished product as their contributing factors.
Those who were dissatisfied said that the lack of advancement, company politics, and salary were their top contributing factors. More specifically noted was bad management, outsourcing, and lack of tools and projects.
Read the full summary and see the survey results here.