Salary for a Mechanical Engineer with a Masters Degree
The salary you could make with a master's degree in mechanical engineering depends on several factors. Your job title, experience level, certification, skills and industry of employment all have an effect. Read about the job duties of mechanical engineers and how much they make.
Mechanical engineers are responsible for the design, development and production of just about everything mechanical, from jet fighter planes and cars to air conditioners and toasters. In May 2013, the U.S. Bureau of Labor Statistics (BLS) reported a median wage of $82,100 a year for mechanical engineers, but this figure wasn't specific to master's degree holders (www.bls.gov). The salary for those with a Master of Science in Mechanical Engineering (M.S.M.E.) is dependent upon several factors, including job title, industry and years of experience. Additionally, salary can be affected by the certifications available for mechanical engineers.
Salaries by Job Title
In May 2014, PayScale.com reported salary data for graduates of M.S.M.E programs. The following are 10th-90th percentile salaries for graduates by job title:
|Job Title||Salary Range|
|Mechanical Design Engineer||$54,048-$87,928|
|Senior Mechanical Engineer||$69,662-$119,075|
Salaries by Years of Experience
Although the data wasn't specific to master's degree holders, PayScale.com reported the following median salaries for mechanical engineers by experience level in May 2014:
|Years of Experience||Median Salary|
|More than 20 years||$93,000|
Salaries by Certification and Skill
In May 2014, PayScale.com reported that most mechanical engineers with the Certified Professional Engineer (PE) credential earned between $54,362 and $105,349 a year. Mechanical engineers skilled in project management earned a median wage of $65,944 at that time, with most making between $49,671 and $93,438 a year. Those who had AutoCAD skills made a median wage of $60,436 in May 2014, with the 10th-90th percentiles of workers making between $45,073 and $81,969.
Salaries by Industry
In May 2013, the BLS reported the following median wages for mechanical engineers (regardless of degree earned) by industry of employment:
|Architectural and engineering services||$91,320|
|Aerospace product and parts manufacturing||$90,090|
|Oil and gas extraction||$160,450|
|Motor vehicle parts manufacturing||$79,170|
|Scientific research and development||$95,890|
|Metalworking machinery manufacturing||$78,630|
|Industrial machinery manufacturing||$77,170|
Mechanical engineers use physics, mechanics, thermodynamics, structural analysis and materials science to research, design, develop and manufacture tools, machines, engines and various other mechanical devices. They may design manufacturing plants, industrial equipment, robotics, medical devices, artificial organs, heating and cooling systems, aircrafts and even simple toasters. They may also be responsible for the installation, operation and maintenance of such equipment, tools and systems.
Mechanical engineers, by designing manufacturing equipment and tools, also influence the way many other products are designed and manufactured, such as doors, shoes and cameras. They work in virtually any manufacturing industry, including aerospace, automotive, agriculture, chemical, power generation, medical and environmental.
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