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Career Handbook - Mechanical Engineers Earnings
Mechanical Engineers
Earnings

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Earnings

Median annual earnings of mechanical engineers were $62,880 in 2002. The middle 50 percent earned between $50,800 and $78,040. The lowest 10 percent earned less than $41,490, and the highest 10 percent earned more than $93,430. Median annual earnings in the industries employing the largest numbers of mechanical engineers in 2002 were:
 
Federal government $72,500
Architectural, engineering, and related services 65,610
Navigational, measuring, electromedical, and control instruments manufacturing 65,430
Aerospace products and parts manufacturing 65,160
Other general puropse machinery manufacturing 55,850

According to a 2003 salary survey by the National Association of Colleges and Employers, bachelor's degree candidates in mechanical engineering received starting offers averaging $48,585 a year, master's degree candidates had offers averaging $54,565, and Ph.D. candidates were initially offered $69,904.
 

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Data Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2004-05 Edition