Engineer salaries are on the up and up according to a new survey over on our sister website, Design News
For the second year in a row, engineers are seeing their salaries being bumped to an average of $96,813, up from $93,465 last year, with 69 percent seeing an increase in base salary since 2011.
Just two percent saw their salaries decrease, while 29 percent say their salary has remained unchanged.
Bonuses were consecutively higher this year too, with an average of $11,906, up from $9,440.
The Southwest United States still appears to be the hot spot as far as higher salaries are concerned, though New England comes a close second, followed by the Midwest.
Despite all the hype surrounding software, it’s actually electronics engineers who are the most highly compensated for their work, but overall it’s employees working in the semiconductor industry that take home the largest paycheck, with average salaries of around $115,772 and bonuses of $17,546. The defense industry comes a close second.
While salary certainly pays the bills, job satisfaction is as important, if not more so, and thus it’s highly encouraging to see Design News report that over 56 percent of respondents are extremely or very happy with their current positions.
Meanwhile, 52 percent cited that their jobs were either extremely or very challenging, with work/life balance mentioned as a particular pain point. Compared to last year’s results, 42 percent of engineers said their jobs were now more stressful.
Despite high unemployment across the country, however, only 23 percent of engineers admitted to feeling particularly concerned about job security, and 44 percent said their company had hired people in the last year.
Indeed, a whopping 71 percent of engineers said they felt appreciated and respected in the workplace, with an even more impressive 83 percent saying they would recommend an engineering career to their children.
Respect and appreciation aside, however, there were 36 percent of engineers surveyed who said they felt engineering roles were being outsourced to China more often than was necessary.
For more insight, statistics and information, you can read more on Design News.