What Is the Average Salary of an Industrial Engineer?
Industrial engineers are responsible for the creation, evaluation and controlling of systems that are used in industrial production processes. Read on to see how salaries for industrial engineers vary depending on education, experience, industry and state of employment.
Job Outlook and Salary Overview
The U.S. Bureau of Labor Statistics (BLS) reported that in May 2018, there were 279,550 people employed as industrial engineers (www.bls.gov). The BLS also predicted a faster-than-average occupational growth of ten percent for these professionals between the years 2016-2026. The average yearly salary for all industrial engineers was reported to be $91,630 in May 2018. The top-earning ten percent made $132,340 or more per year, while the bottom-earning ten percent earned $56,470 or less.
Important Facts About This Occupation
|Entry-Level Education||Bachelor's degree|
|Similar Occupations||Cost estimator, health and safety engineer, materials engineer|
|Work Environment||Offices and field setting|
|Key Skills||Math, speaking, writing, listening, and critical-thinking skills; creativity and ability to solve problems|
Salary by Education and Experience
Salaries for industrial engineers with bachelor's degrees ranged from $51,000-$84,000 in June 2019, according to PayScale.com. However, the number of years of experience that you have in the field can be a determining factor of your yearly income. For example, based on a May 2019 report by PayScale.com, most industrial engineers with 1-4 years of employment earned around $64,000 per year. At the other end of the scale, those with more than 20 years of employment tended to earn an average of $87,000.
Salary by Industry
Industrial engineers work in industries that could benefit from streamlined production processes and work distribution improvements. The information in the following chart is from the BLS in May 2018 and illustrates some different industries and their corresponding average salaries:
|Crude oil pipeline transportation||$123,680|
|Natural gas pipeline transportation||$115,040|
|Aerospace product and parts manufacturing||$101,520|
|Architectural and engineering services||$99,020|
|Motor vehicle parts manufacturing||$84,820|
Salary by Location
The BLS also reports that your state of employment can also determine your average annual wage as an industrial engineer. Highly industrialized states like Michigan, California and Texas employ most of these professionals, but the highest-paid engineers are generally in states with fewer industrial engineers and a greater demand. The BLS reported salary findings in the following states in May 2018:
|State of Employment||Average Salary|