Aerospace Engineer Salary
For Aerospace Engineers, bonuses and commissions account for a significant portion of income and add up to 500 percent of their $83K yearly pay. In the world of Aerospace Engineers, total cash compensation can vary between $59K and $132K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $22K, respectively. The most important factor affecting compensation for this group is career duration, followed by the company and location. For the most part, Aerospace Engineers enjoy their work and report high levels of job satisfaction. The vast majority of Aerospace Engineers (89 percent) who took the survey are men. Medical benefits are awarded to almost all, and a fair number earn dental coverage. This report is based on responses to the PayScale salary survey.
Job Description for Aerospace Engineer
Aerospace engineers design aircraft, spacecraft, missiles, and satellites. They receive proposals for projects and evaluate them for a variety of factors. Aerospace engineers can develop new technologies in these fields, designing new types of aerospace products. They must determine if the proposed project will be technically possible, financially possible, and safe. They will determine if the product meets the needs of the customer, can surpass environmental challenges, and can meet engineering principles. Once they have approved a project, they are in charge of coordinating the design and manufacturing of the product. They will also direct the final testing of the product and ensure that the project meets the proper quality standards. If there is a malfunction or damage in a product, they must identify the problem and any possible solutions.Read More...
Aerospace engineers usually specialize in different types of products, including commercial and military products, remote-piloted aircraft, launch vehicles, or rockets. There are two types of aerospace engineers: aeronautical engineers, who works with aircraft, and astronautical engineers, who work with spacecraft. They can be employed in a huge variety of industries and companies. They spend a large amount of their time in an office environment, using sophisticated computer software to design and create models and simulate testing.
They will work with many other professionals involved in the design and building of the aircraft or spacecraft components, so they must be able to communicate very well and work in a team to efficiently reach a common goal. They must have excellent math skills, critical thinking skills, business skills, and analytical skills. They must also hold a bachelor's degree in aerospace engineering or some related field. If an engineer wants to advance in his or her career, it is possible to obtain a Professional Engineer license.
Aerospace Engineer Tasks
- Perform a variety of engineering work in designing, constructing, and testing aircraft, missiles, and spacecraft.
- May recommend improvements in testing equipment and techniques.
- May conduct basic and applied research to evaluate adaptability of materials and equipment to aircraft design and manufacture.
Common Career Paths for Aerospace Engineer
Aerospace Engineers who transition into a Design Engineering Manager role may receive large pay increases as the latter position pays an average $102K per year. Aerospace Engineers most frequently become Aviation and Aerospace Project Engineers and Aeronautical Engineers even though median compensation is $2K lower and $8K lower, respectively.
Aerospace Engineer Job Listings
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Popular Employer Salaries for Aerospace Engineer
The Boeing Company, Northrop Grumman Corporation, National Aeronautics and Space Administration (NASA), Spacex, and Lockheed Martin Corp are top-notch employers for Aerospace Engineers in this area. With a median salary of $106K, Aerospace Corporation, The offers Aerospace Engineers the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $97K and are capped at $142K. Aerospace Engineers will also find cushy salaries at National Aeronautics and Space Administration (NASA) (+$100K), Spacex (+$94K), and Jet Propulsion Laboratory (+$93K).
Naval Air Systems Command (NAVAIR) offers the least pay with a median salary of $67K; furthermore, salaries there max out at only $96K. Rolls-Royce North America, Inc., Lockheed Martin Corp, and Sierra Nevada Corporation also scrape the bottom of the pay scale, with median earnings hovering around $70K, $71K, and $72K.
Popular Skills for Aerospace Engineer
Aerospace Engineers report using a deep pool of skills on the job. Most notably, skills in Project Management, Systems Engineering, Technical Analysis, and Engineering Design are correlated to pay that is above average, with boosts between 3 percent and 9 percent. Skills that are correlated to lower pay, on the other hand, include SolidWorks, AutoCAD, and autodesk autocad. For most people, competency in Engineering Design indicates knowledge of Matlab, Systems Engineering, and Microsoft Office.
Pay by Experience Level for Aerospace Engineer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Workers with less than five years' experience earn around $72K on average, and those who have five to 10 years under their belts see a higher median salary of $89K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $104K. Survey participants who have worked for more than two decades report bringing in $134K on average.
Pay Difference by Location
Aerospace Engineers will find that Pasadena offers an impressive pay rate, one which exceeds the national average by 19 percent. Aerospace Engineers will also find cushy salaries in Washington (+15 percent), El Segundo (+10 percent), Huntsville (+7 percent), and Seattle (+7 percent). Aerospace Engineers in Wichita earn salaries far below the national average by 21 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Two other places where employers offer below-median salaries are St. Louis (12 percent less) and Dallas (10 percent less).