$70,159
Avg. Salary

Average additional compensation for this job:

Bonus

$1,944

Profit Sharing

$3,000

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.

$56,171 - $92,105
$56K
$70K
$92K
MEDIAN: $70,159
10%
50%
90%

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$0$97K
Salary $56,171 - $92,105
Bonus $0.00 - $9,123
Profit Sharing $3,000
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).
)
$56,597 - $97,186
  • Country: United States
  • Currency: USD
  • Updated: 22 Sep 2018
  • Individuals Reporting: 204

Job Description for Mechanical Engineer

Mechanical engineers participate in the planning and manufacturing of new products by performing engineering duties and developing, designing and testing mechanical devices. Job requirements include either a bachelor of science in mechanical engineering, a master of science in engineering, or a related degree. The EIT exam, membership in a professional society and specific industry-related certifications may also be encouraged or required.

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Mechanical Engineer Tasks

  • Estimates time and cost to complete projects.
  • Researches designs and makes recommendations based on appearance, safety, budget, and function.
  • Performs engineering duties; develops, designs, and tests mechanical devices.
  • Writes technical reports, handbooks, and bulletins for use by staff or customers.

Mechanical Engineer Job Listings

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

18%

National Average: $70,449

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
17 %
Male
83 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.
Less than 1 year
29%
1-4 years
48%
5-9 years
11%
10-19 years
7%
20 years or more
5%

Experience Affects Mechanical Engineer Salaries

Experienced
▲31%

▲19%

Late-Career
▲17%

National Average
$70,000

▼6%

Skills That Affect Mechanical Engineer Salaries

Microsoft Word
▲16%

Microsoft Excel
▲15%

▲10%

ANSYS
▲9%

Microsoft Office
▲4%

Finite Element Analysis (FEA)
▲4%

CATIA
▲4%

AutoCAD
▲2%

ANSYS Simulation Software
▲2%


Matlab
▲1%

Computer Aided Design (CAD)
▲1%

National Average
$70,000

Project Management
▼2%

autodesk autocad
▼7%

SolidWorks
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

Less than 1 year
29%
1-4 years
48%
5-9 years
11%
10-19 years
7%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 87%
vision benefits
Vision: 81%
no benefits
None: 4%