What Is the Yearly Salary of an Automotive Engineer?
The automotive engineering field combines different types of engineering, including mechanical, electronic, electrical and safety engineering. Read on to find out how your salary can vary based on different factors, including your employer and level of experience. Schools offering Engineering & Technology Management degrees can also be found in these popular choices.
In its most recent report, PayScale.com reported that most automotive engineers made between $43,525-$99,128, as of September 2015, with the median salary being $68,883. Salaries are also dependent on the engineer's location and experience, as well as the automotive industry sector.
Important Facts About Automotive Engineers
|Required Education||Bachelor's Degree|
|Work Environment||Office Setting|
|Key Skills||Attention to Detail, Adaptability, Hand-Eye Coordination|
|Similar Occupations||Engineering Manager, Mathematician, Mechanical Engineering Technician|
Salary by Popular Employer
According to PayScale.com in May 2014, automotive engineers employed by General Motors earned the most, with an average salary of $84,000. Chrysler Group LLC offers a lucrative if unbalanced payroll, with top-end employees earning around $120,000 but a median salary of only $79,000.
Salary by Years of Experience
The amount of time you work as an automotive engineer has quite a bit to do with the amount of money you'll earn. PayScale.com confirmed that most of these professionals with 0-5 years of experience earned a median of $63,000 as of September 2015, and those with 5-10 years of experience earned median salaries of $76,000. Median salaries rose to $96,000 with 10-20 years of experience.
Salaries for Unionized Workers
Another factor that can affect your salary as an automotive engineer is whether or not you are a member of The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) and covered by a contract negotiated on behalf of union members. This union comprises more than 700,000 workers, including engineers, and has a presence at all of the major U.S. car companies.
The U.S. Bureau of Labor Statistics (BLS) expects slower-than-average growth of five percent for all mechanical engineers, including automotive engineers, from 2014-2024. Those who know how to use the latest technology will have better prospects. In addition, the BLS expects continued growth in the transportation equipment and machinery manufacturing industry.
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