What is a impressive salary for an Electrical Engineer

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Discussion Overview

The discussion revolves around what constitutes an impressive or respectable salary for an Electrical Engineer with varying levels of experience, particularly focusing on those with 12 years or more. Participants explore different factors that influence salary expectations, including location, job security, and career progression.

Discussion Character

  • Debate/contested
  • Conceptual clarification
  • Exploratory

Main Points Raised

  • Some participants suggest that a respectable salary for an Electrical Engineer with 12 years of experience would be around $130k, while others propose a range of $110k to $115k, influenced by local cost of living.
  • One participant humorously states that an impressive salary could be as high as $10 million per year.
  • Another participant emphasizes that salary is not the only consideration, mentioning factors such as benefits, job security, and personal priorities that can change over time.
  • There are mentions of independent contracting, with one participant suggesting a rate of $200/hr, highlighting the variability in income and job stability.
  • Some participants express skepticism about the commonality of salaries exceeding $150k, noting that while a senior engineer might earn around $100k, higher salaries often come with reduced job security and increased demands.
  • Concerns are raised about the lifestyle associated with higher-paying contract work, including travel and job difficulty, which may not appeal to everyone.
  • One participant notes that engineering salaries tend to have a low dynamic range, with significant increases in pay often requiring a move into management roles.

Areas of Agreement / Disagreement

Participants express a range of opinions on what constitutes an impressive salary, with no consensus reached. There are competing views on the impact of experience, job security, and personal circumstances on salary expectations.

Contextual Notes

Participants highlight that salary expectations can vary significantly based on geographic location, individual circumstances, and career paths, indicating that there are many assumptions and variables at play.

lilikoi
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what would you consider an impressive and or respectable salary (range) for an Electrical Engineer with 12 years of experience?
 
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Respectable would be ~130k/yr. Impressive would be 10 million/yr.
 
Respectable for me would be $110k - 115k but I live in a really cheap area of the country (nice new construction at mid $90 a square foot, etc) and I may be biased because I have 7 years experience and that is about the course I am on.
 
There is much more to the equation than just salary. There are benefits, living conditions, travel, job security, and so on.

The places that offer lower salaries often have much better job security, and decent benefits. Frequent travel may seen exciting when you're younger, but as a family grows, it can really get in the way.

So when discussing 12 years of experience --a lot can happen in 12 years. Your priorities change. Your needs change. If you are an independent contractor, I'd aim to change $200/hr. based upon the notion that you won't be working all the time and you'll need the reserve to tide you over during the dry spells where work may be scarce.

Likewise, you could easily find yourself making less than that if you happen to be working in a company that values longevity and job security. It all depends on what you want. I've been working for the same employer for over 25 years, and I don't make the kind of money that others have quoted. Nevertheless, I have something that many engineers would love: a rock-steady job and interesting work, with occasional travel if I really want it.

It is all about a balance...
 
Get into upper management ----> 300k
 
So is it not common to see engineers make 150 k or more ? What do you think the average is with more exp?
 
lilikoi said:
So is it not common to see engineers make 150 k or more ? What do you think the average is with more exp?

A reasonably competent senior engineer (someone with at least 15 years of experience) shouldn't have too much trouble bringing home a salary around $100k.

HOWEVER, above that point, your job security is likely to be less. Sure, one could do contract work and bring home $200k --but I can just about guarantee that the work won't be steady, that it will be difficult, possibly dangerous, there may be security clearances to obtain and live with, and there will be lots of travel. Most people, when they reach that point in their careers, do not seek a lifestyle like that.

My family matters to me. I do travel for professional associations and the like, but generally I keep the number of overnight trips to around three or four per year.
 
JakeBrodskyPE said:
A reasonably competent senior engineer (someone with at least 15 years of experience) shouldn't have too much trouble bringing home a salary around $100k.

HOWEVER, above that point, your job security is likely to be less. Sure, one could do contract work and bring home $200k --but I can just about guarantee that the work won't be steady, that it will be difficult, possibly dangerous, there may be security clearances to obtain and live with, and there will be lots of travel. Most people, when they reach that point in their careers, do not seek a lifestyle like that.

My family matters to me. I do travel for professional associations and the like, but generally I keep the number of overnight trips to around three or four per year.

Jake is right. Engineering is known for having a low dynamic range when it comes to salary. Engineers start pretty high, but then don't really go up all that much. A senior engineer making 100k or a bit more is quite possible. Much more than that isn't going to happen unless he or she goes into management, with all the heartache that entails.
 

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