How Much Does an Electrical Engineer Earn?

Engineering is, without a doubt, one of the most significant fields in the world today. With industrialization taking place at neck-breaking speed, different experts should be on board to take care of engineering developments that are redefining the landscape of the world, one breakthrough at a time.

Electrical engineers are professionals who develop, design and test different electrical equipment that power different machines. This includes communication systems, electronic equipment, radar and navigation systems and motors.

Electrical engineers can work in different settings including research and development, manufacturing and engineering services, making them highly in demand not only in the United States but around the world too.

But how much is an electrical engineer earning and what’s the current demand for the profession? Here’s what we know:

  • As of May 2018, the average median annual pay for electrical engineers is $96,640 while electronic engineers except those who work in computers have a median annual pay of $102,700.
  • The lowest 10% of electrical engineers in the United States earned at least $61,190 while the highest 10% earned more than $153,240. Electronics engineers, on the other hand, earned more. The lowest 10% of the population earned at least $64,840 while the highest 10% earned more than $162,200.
  • The top industries for electrical engineers to earn the most money include:
  1. Research and development: $108,130
  2. Measuring, navigational, electromedical and control instruments manufacturing: $100,630
  3. Semiconductor and other electronic component manufacturing: $99,810
  4. Electric power generation, distribution and transmission: $96,920
  5. Engineering services: $93,850
  • The overall employment rate for electrical and electronics engineers is expected to grow by 7% from 2016 to 2026. Most electrical engineers will be working in engineering services firms due to the increasing demand for them in projects involving electronic systems and devices. The field of research and development is also expected to bring in more jobs for electrical engineers due to several technological innovations where design distributions systems are required.
  • Job growth is considered slower for electrical and electronics engineers when compared to other professions. This is due to the fact that most of these engineers are in manufacturing, which usually takes a longer time to complete.
  • To become an electrical engineer, you should begin with a strong foundation in physics and math including trigonometry, algebra and calculus. You also need a bachelor’s degree in electrical engineering, electronics engineering or other related fields. Colleges and universities usually offer programs that give you the chance to learn the foundations of engineering and apply them through practical experience. Some institutions also offer five-year programs that let you gain a bachelor’s degree and master’s degree, which is useful if you want to be in the academe or research and development.

As technology and industrialization continue to move at lightning speed, more job opportunities for electrical engineers will surely open in the next few years.

While some industries may have a slower growth and those in manufacturing may experience some decline in demand, the continued need for good electrical engineers will surely be around for the years to come.   

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