How Much Does an Engineer Make Designing New Cars?
The salary of an engineer who designs new cars can vary depending on a number of factors, including their experience, education, and the company they work for. However, according to the U.S. Bureau of Labor Statistics, the median annual salary for automotive engineers was $79,580 in May 2021.
The top 10% of earners in this field made more than $123,490 per year, while the bottom 10% earned less than $51,510 per year.
Automotive engineers typically need a bachelor’s degree in automotive engineering or a related field. They also need to have a strong understanding of mathematics, physics, and engineering principles.
Automotive engineers typically work in research and development departments of automobile manufacturers. They may also work for consulting firms or other companies that design and develop vehicles.
Factors that Affect Salary
The following factors can affect the salary of an engineer who designs new cars:
- Experience: Engineers with more experience typically earn more money than those with less experience.
- Education: Engineers with a master’s degree or doctorate typically earn more money than those with a bachelor’s degree.
- Company: The size and location of the company an engineer works for can also affect their salary.
- Industry: Engineers who work in the automotive industry typically earn more money than those who work in other industries.
- Location: The cost of living in the area where an engineer works can also affect their salary.
Job Outlook
The job outlook for automotive engineers is expected to be good over the next few years. The U.S. Bureau of Labor Statistics projects that employment of automotive engineers will grow by 4% from 2021 to 2031, which is faster than the average for all occupations.
The growth of the automotive industry is expected to drive demand for automotive engineers. As the industry continues to develop new technologies, such as autonomous vehicles and electric vehicles, the need for engineers with specialized skills will increase.
Conclusion
The salary of an engineer who designs new cars can vary depending on a number of factors. However, the median annual salary for automotive engineers is $79,580. The job outlook for automotive engineers is expected to be good over the next few years.
