If you're considering a career in mechanical engineering, you'll want to consider the average salary for this career. This article will provide you with salary information by state, city, and even job growth rates. It will also provide you with information on job duties, educational requirements, and the job outlook.
Average salary
As a mechanical engineer, you will have several responsibilities. The average salary of a mechanical engineer is about ksh 600,183 per year, and this may vary according to your experience and level of education. You can expect to do a variety of tasks, including writing technical reports for customers and performing tests.
Depending on the location and company, you may earn a salary higher than the national average. For example, an entry-level mechanical engineer in Colorado could earn $86,340 per annum, while a Maryland mechanical engineer can expect to make $15 6,288 per year. The US salary range for mechanical engineers is comparable to other engineers, such as agricultural and environmental engineers. During the next several years, the job market for mechanical engineers is expected to grow by 8.8%.
Ratio of job growth
A mechanical engineer is a highly skilled professional with excellent job prospects. The average US salary for a mechanical engineering professional was $90,160 as of May 2020. These engineers are employed by many industries, including computer and electronic products, transportation equipment, and scientific research and development services. According to Bureau of Labor Statistics (BoLS), mechanical engineers should see greater job growth over the average occupation within the next decade. They can expect a 3.71% increase in employment over 10 years.
Technological advancements will lead to more opportunities for mechanical engineers in new fields. The growth areas for mechanical engineers include alternative energy and nanotechnology. These fields will allow engineers to create production projects that can harness the power offered by these new technologies. These technologies will lead to improvements in health care and the design of more powerful computer chips. Computer-aided design (CAD), training is a must for engineers to be successful.
Average salary by state
The annual average salary for a U.S. mechanical engineer ranges between $58,410 and $141,060 depending on education. New Mexico is home to the most highly paid state for mechanical engineers. Its engineers make over $140,000 per annum. Mechanical engineers also get the highest salaries from finance and insurance companies.
While all states have a high number of mechanical engineers, the best salaries are found in the states with high cost of living. For instance, a mechanical engineer in Washington State can earn an average salary of $90,626, while a mechanical engineer in Colorado can make up to $96,117. Arkansas, on the other hand, has the lowest average salary for mechanical engineers at $60,121 per annum.
Average salary by industry
The industry they work in and the experience of a mechanical engineer will impact their salary. According to the Association of German Mechanical and Plant Engineering (AGMPE), there were 27,000 jobs available in Germany in 2017, and this is expected to have a positive effect on salaries. The average salary for mechanical engineers in Germany is 27% lower than other industries, according to Compensation Partner. Germany's mechanical engineers earn an average EUR 67.718 in gross annual wages, which is among the highest salaries of all industries.
The highest number of mechanical engineers is found in the manufacturing of motor vehicles and related equipment. The biomedical & agriculture industry, industrial production management, as well as Oil & Gas extraction are all other industries that employ mechanical engineers. Other occupations in these sectors are: Construction, Miscellaneous fabricated metal products, Miscellaneous metal products, Oil & gas extraction, and Real estate property management.