Electrical Engineer Salary
Electrical engineers hold about 319,100 jobs, making this the second largest branch of the U.S. engineering community (behind software engineering). Most electrical engineers are employed by manufacturers of electrical/electronic components and computer/office equipment, industrial machinery, and professional, medical and scientific instruments. Transportation, communications, computer related sectors, the federal government and utilities firms (as well as computer services firms) account for most of the remaining jobs. California, Texas, Maryland, New York, Georgia and New Jersey employ nearly 40% of all electrical engineers nationwide.
Electrical Engineering Salaries
Electrical engineer salary range for the middle 50% is between $62,420 and $104,180. Electrical engineer salaries for the lowest 10% are less than $48,730. Electrical engineer salaries for the highest 10% are more than $132,210. Median annual electrical engineer salary in the industries employing the largest numbers are:
Computer and office equipment: $73,790
Measuring and control devices: $76,910
Search and navigation equipment: $78,140
Electronic peripherals, components and accessories: $76,820
Engineering service firms: $71,650
Federal Government $74,850
RF Engineering: $87,230
Electrical engineer starting salary for BSEE degrees averages $61,420. New MSEE graduates have an average starting salary of $72,340; and new PhDs have an average starting salary of $88,970. Advanced electrical engineering degrees are in high demand by both Fortune 500s and start-ups. The highest electrical engineer salaries for experienced engineers are concentrated on the east and west coasts, and average nearly 7% higher than the rest of the United States.
Electrical Engineering Employment Outlook
Electrical engineer (and firmware engineer) job opportunities should be favorable into 2015. The number of electrical engineer job openings resulting from employment growth, and the need to replace electrical engineers who transfer to other occupations, are promoted, or leave the labor force is expected to be in rough balance - because of the sharply reduced supply of recent electrical engineering new graduates (which has declined annually since 2003). Electrical engineer and firmware engineer employment is expected to grow slightly faster than the average for all non-engineering occupations.
Projected electrical engineer job growth comes largely from increased demand for electrical and electronic goods, including communications, wide area network and defense equipment - and increasing demand for sophisticated consumer products, including home automation, medical devices and automotive. The need for electronics manufacturers to invest heavily in R&D (to remain competitive) will provide electrical engineer openings for experienced professionalss who have documented skills with the latest technologies.
Electrical engineer job opportunities in defense-related firms should improve significantly as aircraft and weapons systems are upgraded with improved navigation, control, guidance, firing and targeting systems. Additionally, upgrades in communications systems, intelligence gathering, remote imaging, commercial and military applications and RF / wireless will account for increased electrical engineer employment. Growth is expected to be fastest in large defense sector companies that provide engineering expertise or product development to the federal government via multi-year contracts.
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