The median annual salary for aerospace https://theagtrader.com/ engineers was $126,880 in May 2022, according to the U.S. Bureau of Labor Statistics (BLS). The highest-paid 10% of aerospace engineers earned more than $193,410, while the lowest-paid 10% earned less than $80,590.
Aerospace engineers’ salaries can vary depending on a number of factors, including their experience, education, location, and industry sector. For example, aerospace engineers with a master’s degree or higher typically earn more than those with a bachelor’s degree. Aerospace engineers who work in the defense industry also tend to earn more than those who work in the commercial aviation industry.
Here is a breakdown of the median annual salary for aerospace engineers in different industries:
- Aerospace manufacturing: $129,070
- Defense manufacturing: $132,600
- Air transportation: $122,310
- Engineering services: $117,220
- Scientific research and development: $114,250
Aerospace engineers with more experience typically earn more than those with less experience. For example, the median annual salary for aerospace engineers with less than 1 year of experience was $90,190 in May 2022, while the median annual salary for aerospace engineers with 20 years or more of experience was $168,370.
Aerospace engineers can also earn more by working in certain locations. For example, the median annual salary for aerospace engineers in the San Francisco-Oakland-Hayward, CA metropolitan statistical area was $148,480 in May 2022, while the median annual salary for aerospace engineers in the St. Louis, MO-IL metropolitan statistical area was $118,890.
Job Outlook for Aerospace Engineers
The job outlook for aerospace engineers is projected to grow 8% from 2020 to 2030, faster than the average for all occupations. This growth will be driven by the increasing demand for air travel and the development of new aerospace technologies, such as hypersonic flight and electric aircraft.
Conclusion
Aerospace engineers earn a good living, with a median annual salary of $126,880 in May 2022. Their salaries can vary depending on their experience, education, location, and industry sector. The job outlook for aerospace engineers is also projected to grow faster than average over the next decade.