Posted By Karen Todd
Stewart,
Can't put my hands on more recent figures at the moment, but the following relates to the period 1999-2001:
The average salary for chartered engineers rose 12.5% to £49,997, and the median went up 7.9% to £41,000. Retail price inflation over the two-year period was 4.8%.
The Engineering Council’s 2001 survey of registered engineers indicated that members of the IMechE are marginally below the norms for both average and median chartered engineer salaries, but have enjoyed better-than-the-norm increases since the 1999 survey.
The average salary for a chartered mechanical engineer in 2001 was £48,229. The median – generally reckoned a better indicator since average salaries are distorted by a few very high earners – was £40,525, a 9.6% rise over the £36,975 median in the 1999 survey.
Among chartered engineers belonging to other major institutions, computer experts (in the British Computer Society) have now overtaken chemical engineers as generally the best paid, with a median salary of £48,000 (looks like you're right Heather).
They also achieved the best increases, with the median rising by 20% in the two years.
By contrast, members of the Royal Aeronautical Society received only a marginal increase of 0.6% over the two years, and civil engineers have now been outstripped by chartered building services engineers in median salaries, a reflection perhaps of changing markets.
In age terms, chartered engineer salaries appear to peak in middle age, with the 45-54-year-olds having a median of £44,000 while older engineers get £41,250.
By industrial sector, there were double-digit rises for chartered engineers in the motor industry and in a range of electronics, IT and telecoms sectors. But aerospace manufacture people posted only a small 1.4% median increase, and the average salary in this sector actually fell between 1999 and 2001. The highest-paying sector that is identifiable – “other engineering” is marginally higher – is the banking, finance, insurance and business services sector (right again Heather), but here too average salaries have fallen since 1999, though the median has remained static at £50,000.
Conspiracy theorists who believe that the bosses reserve all the best things for themselves get some ammunition with the Engineering Council survey. Chartered engineers with the titles of chairman, chief executive or managing director managed a 29.2% increase over the two years, far and away the biggest rise by work area. CEngs engaged in manufacturing or production had the second biggest increase, 14.3%, and with a median salary of £40,000 are closer to the overall median figure than before.
Not saying what my salary is, but I'm a well paid H&S professional / poorly paid chartered engineer!
Regards,
Karen