Published: February 7, 2014
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About engineering: data from DiscoverE (formerly the National Engineers Week Foundation)
The average engineer’s salary in 2011 was $99,738 . New engineers—those who have just graduated from college—were among the highest paid in the class of 2013, averaging a $62,535 annual salary. And it doesn’t stop there. Over the course of a lifetime, engineering majors will earn 1.4 million more dollars then a liberal arts major.
Of course, average income for engineers varies depending on discipline, qualifications, experience, and location.
According to the U.S. Bureau of Labor statistics the field of engineering is expected to grow by 10 percent in the coming decade. In recent years, the prospects for college graduates have been fair at best, but engineering graduates experience a much more favorable job market. Why? Experts say demand for engineers will continue to grow as governments and industry work to meet the challenges of a growing global population and dwindling resources.