Pay For Engineers Increase 6% In Past Year
Taking engineering training courses could well be a good investment for your future career, if these figures on salaries for engineers are to be believed. According to The Engineer, a new salary survey has revealed that pay for engineer has increased by 6.6 per cent in the last year alone on average.
For the average salary in the sector that means an increase from £45,000 per annum to £48,000 per annum - good news for those considering the trade. This ranks well against other highly paid sectors just edging out those in the financial services sector for example, while sitting just behind bankers who earn on average £50,000 each year.
However, for some of the almost 3,000 respondents, news could be better. Of those surveyed, only 35 per cent said they were happy with their current level of pay, despite suggestions of an increase.
The survey also identified some key causes for concern for the industry. Female engineers, for example, only made up seven per cent of respondents and on average earned £10,000 less than their male counterparts. At a junior stage, this could be a low a discrepancy as £4,000, whereas at director level, this could widen up to £20,000
When answering the survey, some 45 per cent said they were considering changing their profession and one third raised their concerns about how Brexit would affect the jobs market for engineers.
So, all in all, it’s a game of two halves, but a healthy rise in pay for skilled workers within an industry sends good signals for workers to upskill through training and enter the workforce.