How Much Does a Car Engineer Make?
Salary Range
According to the U.S. Bureau of Labor Statistics (BLS), the median annual salary for automotive engineers was $105,590 in May 2021. The lowest 10 percent earned less than $61,700, and the highest 10 percent earned more than $170,240.
The BLS also reports that the median hourly wage for automotive engineers was $50.77 in May 2021.
Factors Affecting Salary
There are a number of factors that can affect a car engineer’s salary, including:
- Education: Car engineers with a master’s degree or doctorate typically earn more than those with only a bachelor’s degree.
- Experience: Car engineers with more experience typically earn more than those with less experience.
- Industry: Car engineers who work in the automotive industry typically earn more than those who work in other industries.
- Location: Car engineers who work in large metropolitan areas typically earn more than those who work in small towns or rural areas.
Job Outlook
The BLS projects that the employment of automotive engineers will grow by 5 percent from 2021 to 2031. This growth is expected to be driven by the increasing demand for fuel-efficient and environmentally friendly vehicles.
Conclusion
Car engineers are highly skilled professionals who play a vital role in the development and production of automobiles. Their salaries reflect the importance of their work and the demand for their skills.
