
Let's take a look at the types of engineers who bring home the biggest paychecks. Petroleum engineers are among the highest paid, with median salaries ranging from $138,980 to $187,200 per year.
Aerospace engineers are also in high demand and can earn salaries between $115,000 and $166,000 annually. Their work on designing and developing aircraft, spacecraft, and missiles is critical to the success of the industry.
Petroleum engineers and aerospace engineers often require advanced degrees and significant work experience to reach the top of their pay scales.
Highest Paying Industries
Petroleum engineering takes the top spot with a median lifetime income of $5.17 million dollars earned by the median graduate over their career.
This is a significant amount, and it's no wonder that petroleum engineering has a strong appeal to students. However, it's worth noting that this major also has the highest early career unemployment rate among all engineering majors at 6%.
Biomedical and Nuclear Engineering are close behind, with median lifetime incomes of $4.99 million and $4.75 million respectively.
Industrial
Industrial engineers are in high demand, and their salaries reflect that. Petroleum engineers, a closely related field, have a median annual salary of $137,322, making them one of the highest paying engineering jobs.
Industrial engineers, however, have a more varied salary landscape. The top-paying states for industrial engineers are Alaska, California, Louisiana, Maryland, and Hawaii, with salaries ranging from $113,620 to $140,020.
In Alaska, industrial engineers earn a median annual salary of $140,020, making it the highest paying state for this profession. This is likely due to the state's high cost of living and the importance of industrial engineering in the oil and gas industry.
Industrial engineers are in high demand across the US, with top-paying states offering salaries that are significantly higher than the national average. If you're considering a career in industrial engineering, it's worth considering these top-paying states.
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Aerospace
Aerospace is an exciting and lucrative industry, with engineers playing a crucial role in designing and developing aircraft, spacecraft, and missile systems.
Aerospace engineers are highly skilled professionals who require strong analytical and problem-solving skills, as well as excellent design skills. Median pay for aerospace engineers in 2023 was reported at $130,720.
Their work involves building and designing complex systems, making them a vital part of the industry. In fact, aerospace engineers are in high demand, with over 286,100 jobs available as of 2022.
The highest-paying states for aerospace engineers are Nebraska, District of Columbia, California, Colorado, and Washington, with median salaries ranging from $136,840 to $141,420.
Here are the top 5 states with the highest median salaries for aerospace engineers:
Aerospace engineers typically major in aerospace, aeronautical, or astronautical engineering, but many have also studied mechanical engineering or electrical/electronics engineering.
Electrical
Electrical engineers are in high demand, and it's no surprise why. They oversee the generation, transmission, and management of electrical power, focusing on larger-scale technologies like radar/navigation systems and electrical systems for vehicles and aircrafts.
These individuals are rewarded with a higher average salary due to the integral role their work plays in everyday life. It's not uncommon for electrical engineers to earn a salary that's well above the national average.
Top-paying states for electrical engineers include California, where they can earn up to $150,940 per year. New Mexico, Massachusetts, the District of Columbia, and Utah also make the list, with salaries ranging from $125,710 to $126,280.
Here are the top 5 paying states for electrical engineers:
Average Salaries by Industry
The types of engineers who make the most money vary across different industries.
According to our data, petroleum engineers are among the highest paid, with average salaries ranging from $138,980 to $173,140.
Their salaries are likely influenced by the high demand for oil and gas in the energy sector.
Software engineers are another high-paying group, with average salaries between $124,000 and $170,000.
Their salaries can vary depending on the specific industry and location, but they tend to be among the highest paid in the tech sector.
Average Salary
Marine engineers and naval architects take home a median annual salary of $92,560. That's a pretty sweet paycheck for designing and developing marine vessels and equipment.
Sales engineers earn an average of $101,420 per year, which is a significant amount considering the technical background required for the job.
Nuclear engineers lead the pack with an average salary of $107,600. It's no surprise, given the complex and specialized nature of their work.
These figures give you a rough idea of what to expect in terms of salary in these fields.
Salary Range
Salaries can vary greatly depending on your location, with states like California and New York typically offering higher salaries, but also a higher cost of living.
Having a master's degree and more experience than your peers can give you a competitive edge when negotiating your salary.
Engineers in certain locations can earn significantly more than others, with salaries often reflecting the local cost of living.
Becoming a licensed professional engineer can be beneficial, especially if you want to work with the government, and some employers may even be willing to pay for certification.
Nuclear Engineering
Nuclear Engineering is a highly lucrative field, with a median graduate earning $4.75 million over their career. This is a significant amount of money, but it's worth noting that petroleum engineering majors have the highest lifetime income at $5.17 million.
One of the most attractive aspects of nuclear engineering is the high starting income, although it's not the highest among all engineering majors. The early career unemployment rate for nuclear engineering majors is not specified in the article section.
Nuclear engineers have a wide range of career options, including working in various industries such as energy production, healthcare, and research. The most popular occupations for nuclear engineering graduates are not specified in the article section.
While the salary trajectory for nuclear engineering majors is not detailed in the article section, it's worth noting that the median graduate earns a significant amount of money over their career. This is a key consideration for anyone considering a career in nuclear engineering.
Computer Hardware Engineering
If you're interested in computer hardware engineering, you'll want to know that the top-paying states for this field are California, Massachusetts, Oregon, Virginia, and Colorado. California leads the pack with an average salary of $166,940.
In California, computer hardware engineers can earn a significant amount more than engineers in other states. In fact, the average salary in California is more than $25,000 higher than the next highest state, Massachusetts.
If you're considering a career in computer hardware engineering, California, Massachusetts, Oregon, Virginia, and Colorado are definitely worth considering.
Factors Affecting Salary
Location plays a significant role in determining an engineer's salary, with states like California and New York typically offering better pay, but also a higher cost of living.
Having a master's degree and more experience than your peers can give you a competitive edge when negotiating your salary. Education and experience are key factors in determining earning potential.
Obtaining certification and specialized skills can also boost your salary, with options like becoming a licensed professional engineer, which can be especially beneficial for government work.
Core Factors
Location plays a significant role in determining an engineer's salary. States like California and New York usually offer better salaries, but the cost of living is higher in these states as well.
Education and experience are also crucial factors. Having a master's degree and more experience than your peers can give you a competitive edge when negotiating your salary.
The type of education you have can significantly impact your earning potential. Studies have shown that college graduates earn 59 percent more than their counterparts without a college degree.
Experience is often listed as paramount by potential employers. A record of industry-specific experience is especially important for engineers, who are responsible for creating and maintaining innovations that keep everyday life running smoothly and safely.
Certification and skills can also boost your salary. Becoming a licensed professional engineer or obtaining other professional certifications can give you a competitive edge in the job market.
Engineers with management skills can earn a highly competitive salary. Individuals with engineering management skills earn a median annual salary of $104,384, even if they don’t hold an engineering management position.
Health and Safety
Health and safety professionals can earn a pretty penny, depending on where they work. For example, health and safety engineers in Louisiana are among the top earners, with median salaries reaching $128,220.
Location plays a significant role in determining salaries for health and safety professionals. In fact, the top-paying states for health and safety engineers are a clear indication of this.
Here are the top 5 states for health and safety engineer salaries:
These figures demonstrate that health and safety professionals can earn a high salary, especially in certain states.
Highest Paying Jobs and Careers
The highest-paying engineering careers can be a dream come true for many. Overall, engineering can be a financially rewarding field, with median annual salaries reaching as high as $118,602.
If you're looking to become a high-paid engineer with just a bachelor's degree, consider a career in computer hardware engineering, petroleum engineering, or aerospace engineering. These fields are among the highest-paid, with median annual salaries that are hard to beat.
According to the Bureau of Labor Statistics, these fields require a bachelor's degree, which means you'll likely need to take out some student loans. However, investing in your education can pay off in the long run, especially if you choose a college that offers a best-value degree for your chosen position.
Biomedical
Biomedical engineers are in high demand and can expect a median pay of $100,730. They use engineering principles to develop medical tools that help diagnose and treat patients.
Working in a medical or clinical context, biomedical engineers are at the forefront of medical innovation. Their work has the potential to save lives and improve the quality of life for many people.
If you're considering a career in biomedical engineering, you're in luck. Case Western Reserve's Department of Biomedical Engineering is ranked among the nation's best by U.S. News & World Report.
Here are the top-paying states for bioengineers and biomedical engineers, based on median salaries:
Sales
Sales professionals can earn a pretty penny, especially those with a technical background. Sales engineers, for instance, make an average of $101,420 a year.
These individuals sell business goods or services that require a technical background equivalent to a baccalaureate degree in engineering, according to O*NET.
Highest Paying Careers
Engineering careers are some of the highest paying in the industry, with median annual salaries ranging from $118,602 to over $200,000.
If you're interested in pursuing a career in engineering, you'll need a bachelor's degree, which can require taking out student loans. Computer hardware engineers, petroleum engineers, and aerospace engineers are among the highest paid, with median annual salaries exceeding $150,000.
These engineers can be found in various states, but some of the highest paying states for engineers include California, Texas, and Alaska. The Bureau of Labor Statistics reports that these states have the highest average earnings for engineers as of May 2022.
Highest Paying Master's
Having a master's degree can significantly boost your earning potential as an engineer. The average earnings of master's degree holders in various engineering fields can range from $89,798 to $125,702, with an average salary increase of 3.3% to 44.5% compared to a bachelor's degree holder.
Some engineering fields that offer higher average earnings include systems engineering, with an average salary of $125,702, and engineering, other, with an average salary of $118,309.
Here's a breakdown of the average earnings of master's degree holders in various engineering fields, based on data from IPEDS:
Keep in mind that these figures are based on average earnings only 4 years after graduation, which is relatively early in an engineer's career.
Highest Paying States
If you're an engineer looking to boost your salary, you should consider moving to certain states. For instance, New Mexico is a top-paying state for bioengineers and biomedical engineers, with average earnings of $133,790 as of May 2022.

Location plays a significant role in determining your salary as an engineer. Some areas have higher-paid engineers than others, with states like California and New York offering better salaries.
If you're a bioengineer or biomedical engineer, you might want to consider working in New Mexico, Arizona, California, New Jersey, or Washington, as these states have the highest average earnings for your profession. Here's a breakdown of the top 5 states for bioengineers and biomedical engineers:
Education and experience are also crucial factors in determining your salary as an engineer. Having a master's degree and more experience than your peers can give you a competitive edge when negotiating your salary.
Chemical
Chemical engineers are in high demand, and for good reason - they get to use hard science to produce compounds that make a real difference in our daily lives. With a median pay of $112,100, this career track is a great choice for engineers with a background in biology, chemistry or physics.
Working as a chemical engineer can be a team effort, as you'll often be solving big problems alongside colleagues. If you enjoy collaborating and finding creative solutions, this could be the perfect fit for you.
Some states offer even higher salaries for chemical engineers, with Texas and New Mexico tied for the top spot at $148,150. Louisiana and Oklahoma also offer competitive salaries, with median pay of $134,310 and $131,020, respectively.
If you're considering a career as a chemical engineer, Maryland is another state worth considering, with a median pay of $130,180.
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Engineering Disciplines
Engineering disciplines can be broadly categorized into several areas, each with its own unique focus and salary range.
Petroleum engineers, for instance, have a median salary of $138,980 per year, making them one of the highest-paid engineers.
Aerospace engineers, on the other hand, focus on designing and developing aircraft, spacecraft, and missiles, with a median salary of $115,000 per year.
Electrical engineers, who work on designing and developing electrical systems, can earn a median salary of $103,390 per year.
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Marine
Marine engineering is a highly specialized field that requires a unique blend of technical skills and knowledge. Marine engineers and naval architects are in high demand, particularly in certain states.
The District of Columbia offers the highest paying opportunities for marine engineers and naval architects, with median salaries reaching up to $146,600. This is significantly higher than the national average.
California and Maryland are also top-paying states for marine engineers and naval architects, with median salaries of $135,960 and $124,570 respectively. These states offer a high quality of life and a strong economy, making them attractive options for professionals in this field.
New Jersey and Washington round out the top five, with median salaries of $116,660 and $107,580 respectively. While salaries may be lower in these states, the cost of living is also generally lower, making them viable options for those looking to enter the field.
Here are the top-paying states for marine engineers and naval architects:
Civil
Civil engineers are in high demand, and it shows in their salaries. Rhode Island tops the list with an average annual salary of $119,260.
If you're a civil engineer looking for a lucrative career, you might want to consider moving to Rhode Island. The state offers a competitive salary, making it an attractive option for professionals in this field.
Here are the top-paying states for civil engineers, based on recent data:
Civil engineers in these states can expect a comfortable income, allowing them to support themselves and their families.
Environmental
Environmental engineers use a combination of engineering skills, earth science, biology, and chemistry to develop solutions to environmental issues. They often work in the construction industry and may spend time on job sites.
The median pay for environmental engineers is $100,090. This is a great career track for those who don't want to be tied down to a desk job, as it allows for a mix of office and outdoor work.
If you're considering a career as an environmental engineer, you might want to consider which state you'd like to work in. Some of the top-paying states for environmental engineers include Nevada, Idaho, California, Texas, and Oregon.
Here are the top-paying states for environmental engineers:
Materials
Materials engineers are in high demand, and it shows in their salaries. Washington is the top-paying state for materials engineers, with median salaries reaching $131,490.
If you're considering a career as a materials engineer, you may want to consider moving to Washington. The state offers a high cost of living, but the pay is well worth it.
Materials engineers in Maryland and Massachusetts can expect salaries of $115,330 and $119,190, respectively. These figures are significantly higher than the national average.
Here are the top-paying states for materials engineers:
Mechanical
Mechanical engineers are in high demand, and it shows in their salaries. New Mexico tops the list with an average salary of $126,080.
If you're a mechanical engineer looking to relocate, New Mexico is definitely worth considering. The state's unique blend of industry and natural resources creates a thriving environment for mechanical engineers.
The District of Columbia comes in second, with an average salary of $122,670. This is likely due to the high concentration of engineering firms and government agencies in the area.
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California and Louisiana tie for third place, with average salaries of $118,200 and $118,250 respectively. Both states have a strong presence of industries that rely heavily on mechanical engineering.
Alaska rounds out the top five with an average salary of $115,300. The state's remote location and harsh climate make it an ideal place for engineers who specialize in extreme weather conditions.
Here are the top-paying states for mechanical engineers:
Mining and Geology
Mining and Geology is a fascinating field that requires a unique blend of technical expertise and outdoor adventure. Mining and geological engineers are in high demand, and their salaries reflect that.
If you're interested in pursuing a career in mining and geology, you should know that the top-paying states for this profession are a great place to start. New Mexico tops the list with an average salary of $132,430.
Mining and geological engineers in Texas also earn a high salary, with an average of $127,360 per year. This is likely due to the state's rich natural resources and growing energy industry.
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Idaho and Colorado also rank high in terms of salary, with average earnings of $126,640 and $122,320 per year, respectively. Alaska rounds out the top five with an average salary of $121,720.
If you're considering a career in mining and geology, it's worth noting that these figures are significantly higher than the national average. With the right education and experience, you could be earning a six-figure salary in no time.
Here are the top-paying states for mining and geological engineers:
- New Mexico – $ 132,430
- Texas – $ 127,360
- Idaho – $ 126,640
- Colorado – $ 122,320
- Alaska – $ 121,720
Naval Architect
Naval architects design and develop the operation of marine vessels, ship machinery, and related equipment. They make a decent living, with an average annual salary of $92,560.
Marine engineers and naval architects are in high demand in certain states, particularly in the District of Columbia, where they can earn up to $146,600 per year. California and Maryland are also top-paying states for this profession.
To become a naval architect, you should study naval architecture or marine engineering. This field is a great choice, as it pays off better than 95% of all degrees. If you're interested in pursuing a career in naval architecture, consider attending one of the top 5 marine engineering programs in the U.S., such as the Massachusetts Maritime Academy or the University of Michigan Ann Arbor.
Here are the top-paying states for marine engineers and naval architects:
Frequently Asked Questions
Can you make 300k a year as an engineer?
Making $300k as an engineer is rare, typically reserved for director-level positions or those with significant bonuses and stock options. Base salaries for engineers usually don't reach this level, but can be supplemented with additional compensation.
Sources
- https://bigeconomics.org/the-26-highest-and-lowest-paying-engineering-majors/
- https://www.businessinsider.com/engineer-salary-how-much-engineers-earn-2019-1
- https://online-engineering.case.edu/blog/highest-paying-engineering-jobs
- https://arlington.northeastern.edu/news/10-highest-paying-careers-in-the-engineering-industry/
- https://www.degreechoices.com/blog/highest-paying-engineering-jobs/
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