Highest-Paying Engineering Careers in 2024

Author: University of North Dakota
February 28, 2024

Explore the diverse and lucrative field of engineering, where top-tier salaries await across various industries.

With a robust job outlook and a multitude of roles to choose from, engineering offers unparalleled opportunities for career growth and financial success.

From biomedicine to environmental conservation, engineering careers are vital across various sectors, offering not just exciting work but also great pay. If you're curious about the engineering world and the top-paying roles it offers, this article is your go-to guide. 

Whether you're thinking about a career change or choosing what to study, join us as we delve into the highest-paying engineering careers and see if your dream job is among them.

11 Highest-Paying Engineering Jobs

Engineering encompasses numerous lucrative career paths, each offering substantial earning potential. Their salaries are influenced by various factors, including the industry in which they work, the geographic location of their employment, their level of experience in the field and their educational background. It's important to research and understand the factors that can influence salaries for engineers, including looking at specific data for the region, industry, and role you're interested in.

For example, engineers working in regions with a high cost of living or strong demand for their skills may command higher salaries. Additionally, engineers with extensive experience or advanced degrees typically earn more than their counterparts with less experience or education. 

Despite these variations, the overall average compensation across various engineering disciplines remains notably high, making engineering an attractive career choice for many individuals seeking financial stability and professional growth. To gain deeper insights into the earning potential of engineers, we'll highlight some of the highest-paying engineering careers, providing both average salary figures and salary ranges for each specialization.

1. Computer Engineer

These professionals design and develop computer hardware and software systems, combining principles from both electrical engineering and computer science. They work on various projects, from designing microprocessors to developing software applications and operating systems.

Salary

Computer engineers earn an average annual pay of $121,515, with salaries ranging from $48,500 to $137,500 per year.

2. Data Engineer

Data engineers are in charge of designing, constructing and maintaining the systems and architecture required for processing and analyzing large volumes of data. They often collaborate with data scientists and analysts to ensure data quality, reliability and accessibility for decision-making purposes.

Salary

Data engineers encompass a broad spectrum of salaries, ranging from $44,500 to $177,500 per year. On average, they earn $129,716 annually, reflecting the high demand for professionals skilled in data management and analytics.

3. Electrical Engineer

Electrical engineers design, develop and test electrical systems and equipment. They work on a wide range of projects, including designing power generation and distribution systems, developing electronic devices and troubleshooting electrical systems in various industries.

Salary

The average annual pay for electrical engineers is $111,091, with salaries ranging from $50,500 to $168,000 per year.

4. Biomedical Engineer

Professionals in biomedical engineering are in charge of designing and developing medical devices, equipment and procedures in order to improve patient care. They utilize engineering principles and techniques to solve the challenges presented in medicine.

Salary

Biomedical engineers earn an average annual pay of $94,807, with salaries ranging from $41,000 to $140,000 per year.

5. Environmental Engineer

Environmental engineers are usually involved in projects related to pollution control, waste management, water treatment and sustainability initiatives. This way, they work to develop solutions to various environmental problems and protect human health and the environment.

Salary

The average annual pay for environmental engineers is $91,191. However, their salaries vary widely, with potential earnings ranging from $38,500 to $133,000 annually.

6. Materials Engineer

These engineers work on projects ranging from developing metals and alloys for aerospace applications to creating polymers for consumer products. They focus on developing new materials that meet the needs of various industries.

Salary

The salary for materials engineers ranges from $38,000 to $158,000 per year, with the average pay being $100,738 annually.

7. Nuclear Engineer

Nuclear engineers work with nuclear energy and radiation to develop systems, processes and technologies for various applications, including power generation, medical imaging and nuclear weapons. They design and operate nuclear power plants, conduct research on nuclear materials and ensure the safety and security of nuclear facilities.

Salary

The average annual pay for nuclear engineers is $105,594, although salaries can range from $26,000 to $150,000 per year.

8. Aeronautical Engineer

Aeronautical engineers design and test aircraft, spacecraft and missiles, focusing on aerodynamics, propulsion systems and materials. They may work on projects ranging from developing commercial airplanes and military aircraft to designing spacecraft for space exploration missions.

Salary

Aeronautical engineers typically earn salaries ranging from $49,000 to $205,000, with the average being $130,258 per year.

9. Chemical Engineer

Chemical engineers design and oversee chemical processes and equipment used in manufacturing, pharmaceuticals, biotechnology and environmental remediation. They work to develop new materials, improve production efficiency and ensure safety and environmental compliance.

Salary

Chemical engineers experience a wide salary range, from $40,000 to $140,000 per year. On average, they earn $87,487 annually, a testament to the diverse applications and specialties within chemical engineering.

10. Aerospace Engineers

Aerospace engineers design, develop and test aircraft, spacecraft and missiles, ensuring safety and efficiency. They conduct research to innovate flight technology and collaborate with teams to advance air and space travel.

Salary

The average annual pay for aerospace engineers stands at $108,638, with salaries typically ranging from $42,000 to $165,000 per year.

11. Petroleum Engineer

Petroleum engineers focus on the extraction of oil and gas resources from underground reservoirs. They design and develop drilling and production methods, analyze reservoir data and optimize operations to maximize oil and gas recovery.

Salary

Petroleum engineers earn an average annual salary of $80,025. However, their earnings can vary significantly, with potential earnings ranging from $42,000 to $136,000 per year, reflecting the diverse opportunities and challenges within this industry.

Job Outlook for Engineers

According to data from the Bureau of Labor Statistics (BLS), the overall employment in architecture and engineering occupations is anticipated to surge faster than the average for all occupations from 2022 to 2032. With about 188,000 openings projected each year, this field showcases robust growth fueled by employment expansion and the need to replace departing workers.

However, the job outlook for engineers varies across different specializations. For instance, chemical engineers are projected to experience an 8% increase. Similarly, aerospace engineers are poised for a 6% growth rate during this period, with approximately 3,800 annual openings, whereas bioengineers and biomedical engineers are expected to see a 5% growth.

Most other specialties, like environmental engineers and materials engineers, also demonstrate promising outlooks, whereas some maintain a steady rhythm and do not experience significant fluctuations in job outlook.

Conclusion

Engineering spans numerous industries, such as aerospace, biomedicine and computing, presenting a wealth of opportunities for diverse interests. Beyond the variety, the field's potential for high salaries further enhances its allure. While we've highlighted 11 high-paying roles, countless other rewarding paths await in engineering for those ready to explore.

Ready to begin your engineering journey? Start with our engineering degrees today and soar to new heights in both knowledge and earnings.

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