Quick Answer: Do Mechanical Engineers Make Good Money?

Quick Answer: Do Mechanical Engineers Make Good Money?

The median pay for mechanical engineers in 2017 was $85,880 per year, or about $41 per hour, according to the Bureau of Labor Statistics, and the typical entry-level education required is a bachelor’s degree.

Is mechanical engineering a high paying job?

Every year, a stream of mechanical engineers graduate from their bachelor’s degree and do their best to get a job that would pay them the highest mechanical engineer salary for their services. The more training a mechanical engineer takes up, the more he or she can expect their annual salary to go up.

How much do mechanical engineers make a week?

Mechanical agency engineers averaged a mean $83,550 per year, or $40.17 per hour, as of May 2011, according to the Bureau of Labor Statistics. The highest earners made over $119,950 yearly, or $57.67 hourly, while the lowest-paid made under an annual $51,340, or $24.68 per hour.

How much do mechanical engineers make after 10 years?

According to the most recent figures released by the Bureau of Labor Statistics, mechanical engineers earned $85,880 on average in 2017. For those working on an hourly basis, mechanical engineers earned $41.29 per hour in 2017. The lowest 10% earned less than $55,310 while the highest 10% earned more than $133,900.

Can mechanical engineers work from home?

A mechanical engineer can work from home. It is not as amenable to this environment as some careers. Most typically engineers need to be hands on and practical. There are some areas which can be tackled from home with good internet connection and technology.

What jobs do mechanical engineers get?

Jobs directly related to your degree include:

  • Aerospace engineer.
  • Automotive engineer.
  • CAD technician.
  • Contracting civil engineer.
  • Control and instrumentation engineer.
  • Maintenance engineer.
  • Mechanical engineer.
  • Nuclear engineer.

How much do mechanical engineers make out of college?

The Bureau of Labor Statistics reports that in 2011 the mean average annual salaries of mechanical engineers overall was $83,550. Wage earners in the lowest 10th percentile — which would include entry-level mechanical engineers — earned a mean average salary of $51,340.

What is the starting pay for a mechanical engineer?

The average pay for a Mechanical Engineer is $25.43 per hour. The average pay for a Mechanical Engineer is $65,216 per year.

What can you do with a bachelors in mechanical engineering?

What career paths can I take with a Mechanical Engineering degree

  1. Materials engineer. Materials engineers develop, process, and test materials used in creating products like computer chips and biomedical devices.
  2. Consultant or researcher in a manufacturing company.
  3. Patent law Expert.
  4. Non-engineering careers.

Does mechanical engineer do daily basis?

On a daily basis, Mechanical Engineers Read and interpret blueprints, technical drawings, schematics, or computer-generated reports. They Confer with engineers or other personnel to implement operating procedures, resolve system malfunctions, or provide technical information.

What companies hire mechanical engineers?

Best Companies to Work for – Mechanical Engineering

  • NASA. Working for NASA still remains one of the most fascinating and sought after gigs for mechanical engineers of all types.
  • GOOGLE. No surprise here.
  • APPLE.

Is Tony Stark a mechanical engineer?

Tony Stark has expertise in both electrical and mechanical engineering. By the age of 19, he had graduated with master’s degrees in electrical engineering and physics. Tony Stark is a fictional character created by Marvel Worldwide, Inc.

What is the benefit of mechanical engineering?

Mechanical Engineers generally receive medical, dental, and vision insurance as well as vacation, sick leave, holiday, and retirement benefits. Some employers may also offer additional benefits, such as profit sharing, disability insurance, or education assistance.

Can mechanical engineer work in bank?

There comes the role of Civil engineers of the bank. Thus not only Mechanical Engineer but banks require people from Civil, Electrical, Computer Science (Banks also fund software industry) background also.

How can a mechanical engineer make money?

7 Ways to Make More Money as a Mechanical Engineer

  1. 1) Earn a Master’s Degree. A master’s degree is increasingly required to advance into higher-paying supervisory and management roles.
  2. 2) Earn an MBA.
  3. 3) Become a PE.
  4. 4) Internal Development Opportunities.
  5. 5) Change Your Engineering Industry.
  6. 6) Change Your State.
  7. 7) Ask for a Raise.