Salary of Aerospace Engineers – General Overview
Aerospace engineering is a rapidly growing field of engineering that deals with the study of designing planes, missiles, spaceships, satellites etc. They are mainly employed to design, build aircrafts, and examine their prototypes to ensure that they are working properly in accordance with their design. Aerospace engineers are usually involved in all the phases of design and manufacturing. They are also associated with the infrastructure of spacecraft or space vehicle. In fact, there are many areas of expertise within this field. Aerospace engineer salary is usually greater than any other field of engineering, Medical, I.T, Commerce, Arts etc.
Aerospace Engineers mostly work in two most important areas of this field that are Aeronautical Engineering or Astronautical Engineering. There is a major difference between the two. Aeronautical Engineering involves the workings with flight within the atmosphere while Astronautical Engineering involves the workings with flight outside the atmosphere.
The starting salary is normally high for the graduates of aerospace engineering and there are many job prospects for them. The survey done by the National Association of Colleges and Employers in 2011 shows that the mean annual starting aerospace engineer salary of graduates was $69,600 that was higher than the starting pay of all other graduates in 2011 who gained an annual income of $41,701. According to Salary.com, the average starting pay of an aerospace engineer is $63,417 in 2013.
The average starting aerospace engineer salary for those who had a master’s degree was $62,459, according to the report of U.S. News & World Report in 2009 while those who also went for Ph.D. got an estimated starting aerospace engineering salary of $73,814 per year as of 2009.
In 2012, aerospace engineering rank #5 in the list of Highest- paid college majors with an average mid-career pay of $109,000 as reported by payscale.com.
Aerospace Engineer Salary of Experienced Candidates
The aerospace engineers who have an experience of 5-7 years are able to increase their income and can be able to get the biggest aerospace engineer salary. According to the U.S. Bureau of Labor Statistics, in 2010 the average annual salary of all engineers was $83,340 while the average annual aerospace engineer salary was $97,480. Moreover, in 2011, the 25 percent of aerospace engineers received the highest annual salary of $125,260 or more whereas 10 percent of them earned the highest annual salary of $147,810 or more, as reported by the U.S. Bureau of Labor Statistics. In the next year (May 2012), their hourly pay reached to $50.39 that became equal to an average annual aerospace engineering salary of $104,810. The lowest 10 percent of aerospace engineers got $65,450 or less and the premier aerospace engineers salary for top 90 percent crossed $149,120.
Aerospace Engineers are typically hired by aircraft manufacturing companies for the analysis and design of space vehicles and also by research and development departments like in federal government.
In 2011, aerospace parts and products manufacturers who gave the minimum aerospace engineer salary of $96,740 employ more than one-third of aerospace engineers. Manufacturers of navigational and control instruments presented the highest aerospace engineer salary of $106,140. The biggest average pay given by scientific research and development firm was $109,740 and the federal government offered the greatest of all aerospace engineering salary of $111,080 per year.