Here's a Look at Aerospace Engineering Salaries Worldwide
It's no secret aerospace engineers are in demand. The Bureau of Labor Statistics projects that aerospace engineering jobs will grow at a rate of six percent between 2016 and 2026.
Aerospace engineers are in demand around the world. But the salary they can expect as an aerospace engineer often varies from country to country.
So, comparing the average annual salary for aerospace engineering jobs around the world, especially for the countries you plan to work in and get a good idea of what to expect is important.
Let's take a look at aerospace engineering salaries around the world.
What Impacts Aerospace Engineering Salaries Across the World?
Several factors may affect the average salary for aerospace engineering jobs around the world, including your location of work. For example, the cost of living and demand for aerospace engineers may differ from country to country.
Countries with large defense or transportation industries often need aerospace engineers, such as the United States, Canada, and the OECD's price level indices show how price levels differ around the world.
While the United States pays some of the highest average salaries in the world, it falls behind countries like Switzerland, Norway, and Iceland.
Moreover, the cost of rent and housing is often higher there than in most countries around the world, including Greece, Brazil, and Spain. So, it's crucial to consider your cost of living even if you earn a high aerospace engineering salary.
The industry you work in and the company you work for may also impact your annual salary as an aerospace engineer. You can find aerospace engineering jobs across several industries, including the travel, defense, tech, space, and transportation industries.
Some countries stand out with paying top salaries for aerospace engineers in these industries, including Denmark, Switzerland and the United States. Engineers are often in demand in the United States and often earn high wages. In fact, some of the highest-paid salaries in the United States are among engineering majors.
Moreover, your education, your role, and level of seniority may impact the salary you earn as an aerospace engineer. For instance, data from Indeed indicates that the average annual aerospace engineering salary in the United States varies between $73,422 for mechanical engineers and $115,881 for senior system engineers.
Most aerospace engineers need a bachelor's degree. Also, the potential to earn more increases as you gain more experience as an aerospace engineer. For example, data from PayScale reveals that experienced aerospace engineers based in Switzerland make eight percent more than entry-level aerospace engineers.
How Does the Average Aerospace Engineering Salary Compare Worldwide?
If you're just starting a career in aerospace engineering, your starting salary may look different from one country to the next. For example, entry-level aerospace engineering jobs in the averaged a starting salary of £29,659 per year or about $38,651USD per year, according to PayScale. However, PayScale reports that entry-level aerospace engineers in the United States make an annual salary of $72,543.
The average annual salary for aerospace engineers may differ across sources. For instance, you may expect an average aerospace engineering salary of $107,265 per year in the United States, according to ZipRecruiter.
However, data from Glassdoor places the national average salary for aerospace engineers at $89,195.
PayScale reports even lower earnings for aerospace engineers in the United States with an average salary of $82,371 per year. The average you make in other countries may vary, too.
For instance, aerospace engineers in the United Arab Emirates make an average annual salary of 247,470 AED, or about $67,374 USD, according to PayScale. So, it's important to compare different locations.
Aerospace Engineering Salaries Worldwide
Since the average annual aerospace engineering salary varies from country to country, it's important to compare salaries for the countries you plan to work in, to determine if they meet your needs. Here's a look at the average annual salary for aerospace engineers around the world, according to the ERI:
|Argentina||$699.046 ARS ($16,701 USD)|
|Australia||$151,320 AUD ($108,517 USD)|
|Austria||€73 758 EUR ($83,335 USD)|
|Belgium||€ 76.994 EUR ($87 USD)|
|Brazil||R$131.371 BRL ($33,117 USD)|
|Canada||$124,220 CAD ($93,090 USD)|
|Chile||$28.505.727 CLP ($43,111 USD)|
|China||¥303,012 CNY ($45,305 USD)|
|Costa Rica||20 327 082 CRC ($34,014 USD)|
|Czech Republic||978 129 CZK ($43,067 USD)|
|Denmark||654.652 DKK ($99,082 USD)|
|Egypt||159,508 EGP ($9,244 USD)|
|Estonia||29 954 € EUR ($33,844 USD)|
|France||67 478 EUR ($76,242 USD)|
|Germany||85.510 EUR ($96,611 USD)|
|Iceland||9.905.625 ISK ($82,541 USD)|
|Italy||€64.781 EUR ($73,191 USD)|
|Japan||¥12,776,130 JPY ($113,997 USD)|
|South Korea||54,605,460 KRW ($48,222 USD)|
|Mexico||$447,155 MXN ($23,775 USD)|
|Netherlands||€ 73.737 EUR ($83,313 USD)|
|Norway||kr 909 166 NOK ($107,052 USD)|
|Poland||122 664 PLN ($32,448 USD)|
|Spain||49.532 € EUR ($55,964 USD)|
|Sweden||603.072kr SEK ($65,237 USD)|
|Switzerland||117'175 CHF ($115,972 USD)|
|Turkey||101.581 TRY ($17,693 USD)|
|United Arab Emirates||335,095 AED ($91,228 USD)|
|United Kingdom||£65,740 GBP ($85,731 USD)|
|United States||$122,043 USD|
A career in aerospace engineering is one that can lead to a lucrative career path. But if you're considering working as an aerospace engineer in another country, then it's worth comparing salaries of aerospace engineering jobs across the world.
By comparing salaries across the world, you can get more insight into what you may expect to earn as an aerospace engineer in your preferred location of work.
Keep in mind that the most important factor that can help you make the highest salary is, still, your level of knowledge and actionable skills. Employers are most interested in those who are passionate about the aerospace engineering industry, which leads them to, naturally, work hard and achieve great accomplishments.
Don't forget this as you're planning your career development, and if you have any remaining questions, feel comfortable reaching out.