SalarySurvey 2014
SalarySurvey 2014
SalarySurvey 2014
18%
RAGE SALARIES BY
GRAPHIC REGION
WAYS ENGINE
THEIR BONUS
2O14 ENGINEERING
18%
TYPES OF CONTINUING EDUCATION COSTS COMPANIES ARE
WILLING TO REIMBURSE TO ENGINEERS SATISFACTION WITH YOUR
CURRENT POSITION
SALARY
ARE YOU
SUFFICIENTLY
CHALLENGED?
25%
HOW
INTELLECTUALLY
CHALLENGED YOU
ARE AT WORK?
AVERAGE SALARIES
BY TYPE OF DESIGN
YOU DO
SURVEY
18%
16%
10 MOST PR
44% THE
PROBLEMS AT W
ENGINEERING
BY THE
AVERAGE SALARIES
34%
BY JOB FUNCTION
AVERAGE SALARIES BY
60%INDUSTRY
numbers
TOP 10 PERKS IN
2014 ARE YOU
SUFFICIENTLY
CHALLENGED?
HOW YOUR CO
SATISFACTION WITH COMPARES TO
YOUR CURRENT
ARE
POSITION
PAYING
25%
9%
AVERAGE SALARIES
BY ENGINEERING
TITLE
ENGINEERING SPECIALTIES IN
HIGHEST DEMAND
WAYS ENGINEERS ARE EARNING SIGNING BONUSES/
THEIR BONUSES IN 2014
INCENTIVES FOR NEW
ENGINEERING
AVERAGE SALARIES BY
HIRES
YEARS OF ENGINEERING
EXPERIENCE
37%
14%
9%
10 MOST PRESSING
27% THE
PROBLEMS AT WORK AVERAGE SALARIES BY LEVEL
OF EDUCATION
SPONSORED BY
ELLECTUALLY
NGED YOUR
ORK
WHO IS INVOLVED IN
THE DECISION
TO OUTSOURCE?Copyright 2014 BY Penton, all rights reserved
AVERAGE SALARIES B
SIZE OF COMPANY
Managing
Heterogeneous
Multicore Software
Development
S
BILL WONG | Embedded/Systems/Software Editor
[email protected]
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
Engineering Feature
JAY MCSHERRY | Contributing Editor
[email protected]
2014 ENGINEERING
SALARY
SURVEY:
AN UNCERTAIN REBOUND?
The employment picture for engineers definitely brightened in 2014. The second quarter of the year saw a net gain of
38,000 engineering jobs, and the unemployment rate dropped
to 1.6%its lowest since 2007. The number of employed
engineers also returned to its 2013 average at the 300,000
level after dipping in the first quarter of the year. This is a pronounced improvement over 2013, when the unemployment
rate for EEs crept back up to 4.8% after trending downward
since its peak of 6.4% back in 2009.
According to data from the U.S. Labor Department Bureau
of Labor Statistics (BLS), however, engineering jobs actually
declined by 55,000 in the first quarter of 2014. This indicates
that the drop of the unemployment rate to 2.1% in Q1 likely
resulted from technical reasons such as a higher number of
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
ENGINEERING
BY THE
numbers
52
27
55
60
54
73
31
Average age
of the typical
engineer
Years of
experience for the
average engineer
Number of hours
engineers put in to
the job each week
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
Some companies may be unprepared for this increasingly competitive market, especially if the recent hirers
market made them complacent about working conditions. My organization is experiencing record growth,
but neglected the needs of employees so badly that more
people were leaving than they were able to hire, said one
engineer. Although changes have now been made to make
employment more attractive here again, there is still a long
way to go.
Attrition is also forcing employers to up their game when it
comes to recruitment and retention. Our workforce is aging,
so we need to attract and hang on to new employees to take the
place of those who are approaching retirement age, another
engineer noted.
Nonetheless, while the job-market scales seem to be tipping
in the favor of engineers, 70% of survey respondents said they
Average total
compensation
in 2014 in dollars
Number of years
theyve worked at
their present
company
Percentage who
say theyve been
contacted by a
headhunter this year
Percentage who
express satisfaction
in their current
positions
Percentage who
feel adequately
compensated for
the work they do
65
70
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
After taking a bit of a hit in 2013, average total engineering compensation rebounded slightly in 2014especially for
engineers with management responsibility. Base salaries grew
about 1.3% overall, while bonuses generally remained flat.
Employers were also slightly more generous this year with
stock options and other non-salary compensation, which rose
about 7%. All told, average total income for all engineers in
2014 came to $106,482, up from $105,028 in 2013.
Many survey respondents said that their incremental pay raises come at a fairly steep price, though. Employers are re-structuring compensation to make sure they get the outcomes they
need from their engineering staffs. There is a shift toward compensation based on goal-setting and achievements, observed
one. We are being offered a fixed salary plus performancebased incentives, said another. The salary is about 60%, and
the incentives are limited only by value addition.
Because of these productivity pressures, engineers are working as hard as ever for their money, averaging 55-hour work
weekstypically 40 hours in the office plus additional time at
home, on call, and/or at other locations. Youre expected to
work 50+ hours per week with no extra pay, even if the project
is on schedule, lamented one engineer. Its just something
4%
Somewhat less
competitive
31%
12%
Somewhat more
competitive
Equally
competitive
41%
12%
Much less
competitive
$157,611
$124,306
Total
Compensation
$166,461
$140,107
$123,822
$137,400
$108,961
$117,674
$109,350
$117,475
$102,735
$113,538
$103,142
$111,284
$102,637
$103,570
$98,813
$111,001
$110,483
$109,542
$99,230
$109,150
$88,718
$95,945
$87,030
$94,288
$85,316
$80,600
$92,417
$89,356
$80,075
$88,390
Consulting engineer/scientist
$79,645
$85,992
$75,576
$81,983
Average Salaries
By Engineering Title
Sponsored by
Subscribe to ELECTRONIC DESIGN
Base
Salary
ENGINEERING
BY THE
numbers
EngineeringFeature
GUARDED OPTIMISM
Base
salary
Total compensation
$125,939
$140,410
$116,452
$126,940
Military products
$111,395
$117,744
Software design/development/
programming
$106,945
$115,211
Medical products
$105,397
$114,684
Mobile equipment
$102,769
$112,769
$104,701
$111,380
Automotive products
$100,621
$109,199
$97,398
$106,976
$95,429
$104,317
$94,178
$103,831
Safety/security
$95,313
$103,035
$94,066
$101,325
$92,409
$101,287
Power design
$91,215
$100,614
$91,563
$99,979
Packaging
$92,833
$98,033
$86,595
$95,198
Health benefits
54%
401(k) match
51%
Consumer products
$85,812
$94,233
Time off
38%
Machine tool/automation
$77,941
$84,386
Further education/training
18%
Appliance
$65,833
$71,633
Pension plan
17%
15%
Average Salaries
By Job Function
Base
salary
Total compensation
Company phone
14%
Executive/operating management
$119,740
$133,230
Stock options
13%
Engineering management
$121,921
$133,132
Tuition reimbursement
12%
$94,143
$102,248
12%
Other engineering
$88,206
$95,509
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
Base salary
Total compensation
$130,634
$145,831
Software
$111,500
$123,414
Computer systems/boards/
peripherals/software
$111,889
$122,297
Government/Military
$110,598
$116,377
Medical electronics
$100,611
$109,484
Avionics/marine/space
$101,909
$108,664
Communications systems/
equipment
$97,603
$106,794
Automotive electronics
$97,940
$106,540
$98,189
$105,274
$92,586
$102,117
$91,632
$101,063
$90,304
$99,954
$90,400
$99,289
Consumer electronics
$87,401
$96,306
Consultant
$85,372
$92,465
$83,045
$88,506
Few jobs are as fun, challenging, and satisfying as engineering. And few offer such a wide range of opportunities. Thats
why, like last year, about 90% of our survey respondents said
they would recommend engineering as a career path to a
young person looking to choose a profession.
Engineering can be immensely rewarding, especially if
you enjoy discovering how things work and how to make
them better, wrote one engineer. Whether it is process
development, product development, or software development, the ability to turn your vision into a real-world system
is awe-inspiring.
Another one put it this way: If you have an inquisitive mind
and good work ethic, engineering is a field that continues to
advance by leaps and bounds. This relentless change challenges you to never stop learning. Plus, by getting involved in
engineering societies such as IEEE, you can directly influence
the standards and guidelines that future engineers will use to
accomplish their designs. This can be deeply rewarding.
One respondent finds it particularly enjoyable to participate
in the development of new, young engineering talent. I recently
hired a BSME right out of school at $60k, he explained. This
is the second one in the last three years. Our facility is small
enough that I can work with and develop these new hires so they
can move on to other opportunities within our parent company.
But not everyone shares the same enthusiasm. I dont
believe there are as many opportunities in engineering for
someone starting out as there were 20 years ago, opined one
respondent. Also, management doesnt seem to appreciate
4%
12%
Equally competitive
41%
31%
12%
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
a two-day training seminar, they act like you just killed their
dog, joked one respondent.
Not challenged
enough
Somewhat
challenged
10%
34%
56%
Sufficiently
challenged
Base salary
Total compensation
30-34 years
$108,137
$117,214
25-29 years
$106,136
$116,004
35-39 years
$105,664
$114,974
20-24 years
$101,106
$110,937
40 years or more
$93,217
$101,520
15-19 years
$92,483
$100,040
10-14 years
$90,015
$98,758
5-9 years
$73,156
$80,604
$69,318
$76,790
1-4 years
$69,139
$76,176
Base salary
Total compensation
$120,859
$130,614
$115,363
$126,851
$115,019
$125,062
$5 - $9 million
$109,997
$119,671
$109,432
$118,758
$107,722
$117,471
$100,033
$106,500
$95,898
$104,515
$90,219
$97,445
$78,292
$85,980
Average Salaries
By Size Of Company
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
72%
Pension programs
27%
Profit sharing
17%
ESOP
13%
Stock options
11%
Company ownership
10%
57%
China/Pacific Rim
37%
India
29%
Europe
19%
Mexico/South America
13%
Canada
7%
Other
9%
Base salary
Total compensation
60 or older
$92,398
$100,566
50-54
$110,904
$121,695
55-59
$104,744
$113,302
45-49
$100,380
$109,273
40-44
$94,386
$103,595
35-39
$85,542
$93,901
30-34
$80,689
$88,517
25-29
$68,400
$75,533
Base salary
Total compensation
Pacific
$115,003
$126,269
New England
$105,900
$115,893
$105,792
$115,473
Mid-Atlantic
$99,881
$108,409
South Atlantic
$98,255
$107,124
$98,767
$106,058
$91,831
$99,542
Mountain
$90,938
$99,180
$90,065
$97,584
Average Salaries By
Geographic Region
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
Weve always
offered them
We stopped
offering them,
but have
started to again
4%
We used to 14%
offer them,
but dont
anymore
18%
My company
has never
offered them
63%
Average Salaries
By Level Of Education
Base salary
Total compensation
Doctoral degree
$111,894
$122,831
Masters degree
$106,024
$115,424
$100,313
$109,063
Bachelors degree
$93,049
$100,948
$87,545
$96,265
Attended college
$81,157
$89,458
Associates degree
$75,269
$83,001
A number of respondents expressed skepticism about academia altogether. Nearly 60% of those surveyed saw too much
emphasis being spent on theoretical knowledge in schools.
Academic institutions tend to focus on technical theory, said
one of these skeptics. But, in practice, engineers need a set
of specific skills and experiences that will empower them to
discover solutions to complex real-world problems.
A lot of the coursework is firmly theoretical, and any practical information is mentioned often in passing, said another.
There also isnt enough hands-on training or exposure to
different software programs. Oddly enough, spelling seems to
be an issue, too.
Another critic noted that, because of the time it takes to
develop course curricula, university courses typically lag far
behind the state of the industryand therefore tend to be
terribly out-of-date. As the engineering manager of a large
corporation who has attended numerous job fairs looking for
interns and junior engineers, I can tell you the pickings are
pretty slim, he wrote. Whatever theyre teaching these students, its not what we need.
Three out of four engineers surveyed believe todays engineering students dont get enough hands-on experience in
school labs. New graduates need more hands-on work,
remarked one engineer. I wish education would focus on
the basics more, more general problem-solving and less hard
core technical material. When you enter the workforce, thats
when you really learn what you will need to know. I have seen
many new engineers with horrible problem-solving skills, and
who are terrible in the lab. I have never had to solve a rootlocus problem in my professional career, but I have had to sit at
a soldering bench on many occasions!
When asked how much training engineering graduates need
to do their jobs independently once theyve been hired, 44%
said it requires nine to 12 months or more. Universities have
not been graduating students with skills as good as they used
to, protested one engineer. I believe that good grades are easier
to come by and students arent being required to learn as much
as they used to. Qualified candidates are more difficult to find.
Many respondents expressed the belief that engineering
graduates should spend time as interns to gain the hands-on
experience necessary to be of value on a project team. In fact,
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
ENGINEERING
BY THE
numbers
EngineeringFeature
48%
42%
Engineering management
29%
23%
14%
Board of directors
13%
Engineering
13%
Purchasing
7%
Government
4%
Clients/customers
4%
Others
6%
6%
Somewhat concerned
17%
34%
43%
18%
Very satisfied
34%
Satisfied
36%
11%
1%
Sponsored by
Subscribe to ELECTRONIC DESIGN
EngineeringFeature
48%
40%
34%
To save time
32%
Ease workload
22%
Not sure
9%
Other
7%
49%
Manufacturing/assembly
47%
Design
41%
PCB layout
32%
Software verification/test
23%
CAD/CAE
21%
Design verification
14%
Final test
14%
Drafting
12%
Other
11%
to do more with less, do not have the resources, and thus really
have to do engineering to overcome shortcomings on resources.
Do you think Apple could have made a production iPhone
without the help of Chinese engineers who showed them how to
cut corners in order to meet production and cost goals?
ECONOMIC PESSIMISM
55%
Seminars
55%
College tuition
44%
Engineering textbooks
35%
28%
Publication subscriptions
26%
Certifications
26%
Online training
25%
Life is not as easy for engineers in 2014 as it was in the gogo days of the tech boom. A dicey global economy, a risk- and
cost-averse corporate culture, and the intensifying complexity
of todays smart technologies all make life a little more difficult
for engineers than theyd like.
But engineers have it better than most. Compensation continues to climb, and opportunities abound. The worlds overall
appetite for technology is strongeven if its at a price and
speed that tax the capacity of engineering teams.
Perhaps most important, there is still something about
being an engineer at this particular juncture of history that
makes it unlike any other profession. As one survey respondent put it: The teachers who told me Math and science
are going to change your life were right. With footprints on
the moon and tire tracks on Mars, I know that the sky is no
longer the limit.
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
Engineering Feature
JAY MCSHERRY | Contributing Editor
[email protected]
THE
GENDER
DIVIDE
Women remain underrepresented
in engineeringand the situation
isnt improving
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
No
45%
55%
36%
No
64%
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
Worse
24%
Better
27%
About
the
same
49%
NEARLY 1 IN 4 WOMEN HAVE CONSIDERED LEAVING THE ENGINEERING PROFESSION TO SPEND MORE
TIME WITH FAMILY. OTHER REASONS ENGINEERS HAVE FOR LEAVING THE PROFESSION INCLUDE:
Try something
different
Something
Women
more fulfilling
or satisfying
42%
33%
To make
more money
15%
32%
27%
Men
More
freedom/
free time
23%
29%
Start a
business
17%
22%
21%
Burnout
25%
20%
No further
chance for
advancement Ready
to retire
17%
10%
18%
17%
The poor
job outlook
for engineers
10%
17%
Sponsored by
Subscribe to ELECTRONIC DESIGN
Cut back
on long
hours
24%
14%
Switch to
teaching
15%
13%
ENGINEERING
BY THE
numbers
EngineeringFeature
2011
2012
2013
2014
57%
63%
61%
56%
54%
63%
Women
Men
Companys
own social
media site
27%
22%
15%
57%
13%
17%
6%
for example, use social media more extensively for their work
than men. This gives some credence to the belief that women
tend to be more collaborative than their male counterparts.
ADVICE TO THE NEXT GENERATION
Despite the challenges women engineers face, 93% still say they
would recommend engineering as a career path to young girls
and boys alike. Engineering has been a satisfying and personally
rewarding career for me, said one. I do believe that women often
have obstacles that men dont as engineers, but if they are willing
to negotiate those obstacles, it can be a fulfilling career.
Engineering is an exciting field where you can make a difference, said another respondent. There are opportunities
for both men and women, but I would caution women that
they need to be willing to work hard and be prepared to promote their own accomplishments if they want to be noticed
and recognized for their skills.
It is a good career, challenging, and pays well, said another.
Women do well in engineering, but the glass ceiling is low.
This still is a field dominated by men, and it is difficult to fit in.
Some respondents suggested that the bigger issue for young
people was a general understanding of what the engineering
profession was all about. Its something that I believe more
people would enjoy if they had had exposure to it at an early age,
observed one engineer. The U.S. education system does not prepare high school students for careers. Exposure to engineering
is minimal to nonexistent before college and thats unfortunate.
Some women suggested that they would only recommend
engineering to young boys. When I meet someone new and
shake their hand, there is zero chance that their first comment
wont be about my gender, complained one women engineer.
After ten years in the field, it is as sexist as when I first started.
Im tired of having to fight to be seen as an engineer. I wouldnt
recommend this field to young women because I think they
can get further in other fields that dont have the perception
obstacle. Why fight if you can go somewhere better?
Others shared similar sentiments: I believe the only women
who will continue in engineering with the current work environment are those who desperately love the work itself, one
female respondent opined. Why deal with others minimizing
your accomplishments and with constant, blatant discrimination when you can work in a profession where women are more
welcome? Why go through difficult engineering courses and
social hostility to get paid what someone without an undergraduate education gets paid? Medicine has a large pay gap for
women, but women are more socially accepted. My friends that
switched to become doctors found it an easier thing, purely
because of social reasons. It isnt supposed to be an easy career
track, but compared to engineering it was easier for them. Life
is short and love of work is not always enough to override all of
the pitfalls of being a woman in engineering. But Im still in it
because I love the work.
Sponsored by
Subscribe to ELECTRONIC DESIGN
ENGINEERING
BY THE
numbers
EngineeringFeature
Young girls need extra reassurance and role models, according to some women. Young women need more encouragement than men to go into a field thats already dominated by
men, said one respondent. Im happy to mentor the men who
have made that choice already, but young women need to see
that theres a place for them here, too.
Others homed in on what they saw as a special opportunity for
women. There are not enough women in the field, and a social
stigma exists for girls to pursue math and science in school, said
one engineer. Girls are often not expected to do well in math
and science, and a lot of them seem to subsequently believe that
they should not even try. I think women should want to succeed
for themselves despite pushback or stereotypes.
Sponsored by
Subscribe to ELECTRONIC DESIGN