What Is the Average Salary of a Biomedical Engineer?
As a biomedical engineer, you're able to apply your knowledge of engineering principles to develop innovative medical procedures and processes that solve medical and health-related problems. Read on to see salaries for this career and learn about factors that can affect your earning potential. Schools offering Biomedical Engineering Technology degrees can also be found in these popular choices.
The U.S. Bureau of Labor Statistics (BLS) reported that the median annual salary for biomedical engineers in May of 2014 was $86,950 (www.bls.gov). The bottom 10% of workers made $52,680 or less, and the top 10% made $139,350 or more. However, your actual earning potential as a biomedical engineer varies based on a number of factors. Among those factors include your experience, education, geographical location and employer.
Important Facts About This Occupation
|Job Outlook (2014-2024)||23% growth|
|Required Education||Bachelor's degree in biomedical engineering|
|Key Skills||Analytical, problem-solving, communication, listening, and math skills|
|Work Environment||Hospitals, laboratories, manufacturing settings, or commercial offices|
|Similar Occupations||Chemical engineer, mechanical engineer, physician, surgeon|
Salary by Education Level
A bachelor's degree is usually sufficient for most entry-level engineering jobs. Annual incomes for biomedical engineers with bachelor's degrees ranged from $48,177 to $84,767 as of November 2015, according to PayScale.com. However, a master's degree is often necessary for research and development opportunities, as well as university faculty positions. Those with Master of Science degrees in biomedical engineering earned salaries ranging from $52,711 to $100,398, according to the same salary data source.
Salary by Experience
As with most occupations, the more experience you have, the more you can expect you salary to grow. According to PayScale.com in September 2015, biomedical engineers with five or less years of experience earned between $45,211 and $84,788. In contrast, those with 5-10 years of experience benefited from a salary range of $50,156 and $106,146.
Salary by Location
Biomedical engineers across the country earn varying salaries. For example, if you live in Minneapolis you may earn more than if you live and work in San Francisco. According to the BLS, workers in the Santa Rosa-Anaheim-Irvine, CA, and San Jose-Sunnyvale-Santa Clara, CA, earned the highest wages as of May 2014. The average annual salaries in those locales were $118,440 and $117,620, respectively. As a whole, the top-paying states for this occupation based on mean wage included Minnesota ($112,740), New Jersey ($104,150), California ($102,880), New Mexico ($96,770) and Texas ($96,290).
Salary by Industry
The BLS listed the medical equipment and supplies manufacturing industry as having the highest level of employment for biomedical engineers, and the mean salary for this industry was $96,610 as of May 2014. The top-paying industries for this occupation as of May 2014 included employment services, basic chemical manufacturing and physician's offices. Those working in employment services earned mean salaries of $114,080, while those working for basic chemical manufacturing made annual mean salaries of $104,630.
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