Senior Principal Engineer Salary
Compensation for Senior Principal Engineers in the United States is generous, with average pay surpassing six figures annually ($136K). Total cash earnings of Senior Principal Engineers range from $104K on the low end to $187K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $30K and $17K, respectively. This group's pay is mainly influenced by the specific employer, followed by geography and years of experience. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to nearly all, and most earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.
Job Description for Senior Principal Engineer
A senior principal engineer oversees engineering projects for their organization or business. They may be employed within the electrical, mechanical, computer, civil, or chemical engineering profession. The role of a senior principal engineer is generally similar through all the industries in which they are employed. Responsibilities may include coordinating hiring, training and scheduling; preparing progress reports that are to presented to upper-level management throughout the project's duration; providing guidance and managing the engineering teams working on that project; ensuring the project is completed on time and on budget. and providing technical and program-level support, including execution strategies.Read More...
A senior principal engineer may report directly to the engineering manager, although they serve as the manager of their specific assigned projects.
In general, a bachelor's degree in an engineering discipline is the minimum educational requirement to be a senior principal engineer. Significant experience is usually needed to supplement a bachelor's degree, and preference is usually given to those who possess a master's degree. Many companies prefer that individuals in this role have five to 10 years' experience in the field, as well as managerial experience. Often, a professional engineer's license through the National Society of Professional Engineers is desirable.
Senior Principal Engineer Tasks
- Oversee engineering projects using both technical engineering and administrative skills.
- Responsible for making sure financial restraints are followed and for timely completion of the project.
- Plan and implement the design specifications for the engineering project.
Common Career Paths for Senior Principal Engineer
For Senior Principal Engineers, a move to the Aerospace Engineer role often correlates with a sharp decline in salary. Aerospace Engineers typically make $77K. Senior Principal Engineers most frequently advance into Civil Engineer and Electrical Engineer roles even though the median salaries are $82K lower and $73K lower, respectively.
Principal Engineer Job Listings
Search for more jobs:
Popular Employer Salaries for Senior Principal Engineer
Raytheon Co., BAE Systems Inc., Western Digital Corporation, Oracle Corp., and Raytheon Missile Systems are top-notch employers for Senior Principal Engineers in this area. The biggest paychecks can be found at Broadcom Corporation — the median salary there is $186K. Those in search of high salaries should also consider Oracle Corp., Raytheon Co., and Raytheon Missile Systems, top-paying firms where Senior Principal Engineers rake in a very impressive $167K, $156K, or $139K, respectively.
Workers also receive paychecks lighter than average at Western Digital Corporation ($135K), BAE Systems Inc. ($135K), and Raytheon Missile Systems ($139K).
Popular Skills for Senior Principal Engineer
Survey takers working as Senior Principal Engineers report using a large range of professional skills. Most notably, skills in System Architecture, Engineering Design, Semiconductor, Software Development, and Systems Engineering are correlated to pay that is above average, with boosts between 9 percent and 18 percent. Skills that are correlated to lower pay, on the other hand, include Manufacturing Process Engineering, Research Analysis, and Project Management. It is often found that people who know Engineering Design are also skilled in Systems Engineering.
Pay by Experience Level for Senior Principal Engineer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Even the relatively untested can score weighty six-figure salaries; survey participants with less than five years' experience report earning a median of $121K per year. On average, Senior Principal Engineers make $142K following one to two decades on the job. Old hands who claim more than two decades on the job enjoy average earnings of $148K.
Pay Difference by Location
For those looking to make money, Senior Principal Engineers in San Jose enjoy an exceptional pay rate, 24 percent above the national average. Senior Principal Engineers can also look forward to large paychecks in cities like Santa Clara (+21 percent), Dallas (+14 percent), Boston (+13 percent), and Denver (+10 percent). In Atlanta, salaries are 15 percent below the national average and represent the lowest-paying market. Employers also pay below the national average in Fremont (14 percent lower) and Nashua (9 percent lower).
Senior Principal Engineer Reviews
Related Job Salaries
Key Stats for Senior Principal Engineer
Rated 5 out of 5
based on 56 votes.