Mechanical Engineer at Lockheed Martin Corp Salary

A Mechanical Engineer at Lockheed Martin Corp earns an average salary of $69,550 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. Skills that are associated with high pay for this job are Microsoft Word, Microsoft Excel, Pro/Engineer, and ANSYS. People in this job generally don't have more than 20 years' experience.

$55,987 - $91,047
$56K
$70K
$91K
MEDIAN: $69,550
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$33K$66K$99K
Salary
$55,987 - $91,047  
   
Bonus
$0.00 - $5,128  
Profit Sharing
$4,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$56,639 - $96,050  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 97

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Pay by Experience Level for Mechanical Engineer

Pay by Experience for a Mechanical Engineer has a positive trend. An entry-level Mechanical Engineer with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 82 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Mechanical Engineer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $84,000 based on 14 salaries. An experienced Mechanical Engineer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $93,000 based on 17 salaries. A Mechanical Engineer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $82,000 based on 11 salaries.

Pay Difference by Location

National Average: $69,390

Larger city markers indicate a job is popular in that location.

Lockheed Martin Corp Reviews

Q: What is it like working as a Mechanical Engineer at Lockheed Martin Corp?

Mechanical Engineer in Denver:
"Great Atmosphere For Free Thinking And Original Design Thoughts."
Pros: The people from the worker at my level and both below and above. Many of the industries best people and talent. The flex time is a God send to me because of my spouses medical needs.
Cons: Raises have been below the rise in inflation and are essentially a reduction in my wage and buying power year over year. The system is horrible. One would have to leave and come go to another company to get paid for their experience and time in position. The way the pay structure works, even with good reviews, the pay scale has been advancing to keep up with the rest of the world and it rises faster than the averages wages such that if I now have five more years experience, I am now paid less than somebody hired from the outside with the same experience as myself. This is the worst thing about Lockheed and my only major gripe. My salary was at an hourly rate of 1-1/4 for overtime when I was hired and unilaterally reduced by co. To first 5 hours unpaid and then only straight time after 45 hours worked.

Key Stats for Mechanical Engineer

Gender

Female
18 %
Male
82 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 14 votes.
Less than 1 year
31%
1-4 years
47%
5-9 years
13%
10-19 years
6%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Mechanical Engineer Salaries

Experienced
▲33%

▲21%

Late-Career
▲19%

National Average
$69,000

▼5%

Skills That Affect Mechanical Engineer Salaries

Microsoft Word
▲18%

Microsoft Excel
▲17%

▲11%

ANSYS
▲11%

Microsoft Office
▲6%

Finite Element Analysis (FEA)
▲6%

CATIA
▲6%

ANSYS Simulation Software
▲4%

Matlab
▲3%

AutoCAD
▲3%


Computer Aided Design (CAD)
▲2%

Project Management
▼0%

National Average
$69,000

autodesk autocad
▼6%

SolidWorks
▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 14 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
31%
1-4 years
47%
5-9 years
13%
10-19 years
6%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 84%
vision benefits
Vision: 77%
no benefits
None: 5%