If you look at the list of the best-paid degrees, engineering would most probably take one of the highest spots and no wonder why – engineering isn’t selling biscuits, it requires skills. Let’s see what your prospects are!
Most graduate salaries start from £22,000 and go as high as £29,000. Having higher qualifications will obviously earn you more and you can add a few thousands on top of that if you also have a Master’s degree in engineering. Companies, such as BP, E.ON, Jaguar Land Rover, ExxonMobil, Mars, Nexen Petroleum UK, P&G, UK Power Networks and Uniliver are all offering salaries ranging between £28,000 and £40,000. If you are fine with being paid a little less, consider applying at AECOM (£23,000), Atkins (£22,000), or DSTL (£22,000).
Bigger companies generally tend to pay more – just compare the oil giant BP that offers a starting salary of £33,000 with a small-sized business that will only be able to pay you between £18,000 and £25,000.
On average, mechanical engineers tend to earn slightly more, their salaries average being at £26,000. Electric and electronic engineers get a thousand less (£25,000), and civil graduates earn just about £24,000.
As for the engineers who’ve been in the industry for longer, chartered engineers tend to get an average of £63,000 a year, whereas incorporated engineers earn slightly less, their salaries being at around £45,000.
In the US petroleum, nuclear and chemical engineers generally earn the most, their salaries starting at $70,000-$100,000 and progressing to $120,000-$170,000 over time. This seems to be higher than the average of a mechanical engineer, which stands at $64,000.
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