What Are the Highest Paying Engineering Degrees in 2023?

TL;DR

The highest paying engineering degree in 2023 is petroleum engineering, with a starting salary of $92,000 and mid-career pay of $182,000, although opportunities are limited. Other top contenders include a combination of electrical engineering and computer science, offering starting pay of $101,000 and mid-career pay of $152,000, and chemical engineering, with starting pay of $73,000 and mid-career pay of $128,000.

Transcript

the top 10 highest paying engineering degrees of 2023 that's what we're going to be talking about today and we're going to hop right into it right after you gently Jackhammer that like button alright so we're going to be talking about the engineering degrees and remember this is different than engineering careers because there's some degrees that y... Read More

Key Insights

• ✋ Nuclear engineering has high starting pay, but a declining job market.
• 🧑‍💻 Tech sales and general electrical engineering offer better job prospects than some specific engineering degrees.
• 👋 Systems engineering and a combination of electrical engineering and computer science have high demand and good salaries.
• ✋ Petroleum engineering offers the highest pay but has limited job opportunities and industry instability.
• 👋 Chemical engineering and materials science engineering provide valuable skills and good salaries.
• #️⃣ The number of job opportunities varies for different engineering degrees.
• ✊ Electrical power engineering offers many job opportunities, but a more generalized electrical engineering degree may provide more flexibility.

Questions & Answers

Q: What is the starting pay for nuclear engineering?

The starting pay for nuclear engineering is $73,000.

Q: What are the job prospects for marine engineering?

Marine engineering has limited job opportunities, with only 2,600 results at the entry level on LinkedIn.

Q: What is the salary range for systems engineers?

According to Glassdoor, systems engineers make around $111,000 per year.

Q: How much do petroleum engineers make?

Petroleum engineers make an average of $137,000 per year, according to the BLS.

Q: What are the career options for computer systems engineering graduates?

Computer systems engineering graduates can pursue careers as computer systems analysts or computer hardware engineers.

Key Insights:

• Nuclear engineering has high starting pay, but a declining job market.
• Tech sales and general electrical engineering offer better job prospects than some specific engineering degrees.
• Systems engineering and a combination of electrical engineering and computer science have high demand and good salaries.
• Petroleum engineering offers the highest pay but has limited job opportunities and industry instability.
• Chemical engineering and materials science engineering provide valuable skills and good salaries.
• The number of job opportunities varies for different engineering degrees.
• Electrical power engineering offers many job opportunities, but a more generalized electrical engineering degree may provide more flexibility.
• Aeronautical engineering and marine engineering have relatively lower starting salaries compared to other engineering degrees.

Summary & Key Takeaways

• Nuclear engineering ranks 10th on the list, with a starting pay of $73,000 and mid-career pay of $124,000, but there is a negative job growth trend.

• Computer systems engineering is ranked 9th, offering a starting pay of $74,600 and mid-career pay of $124,000, with good job growth and many career paths.

• Marine engineering, ranked 6th, provides a starting pay of $74,000 and mid-career pay of $125,000, but there are fewer job opportunities in this field.

• Aeronautical engineering, at number 7, offers a starting pay of $71,000 and mid-career pay of $125,000, with decent job growth.

• Chemical engineering comes in at number 6, providing a starting pay of $73,000 and mid-career pay of $128,000, with average job growth.

• Electrical power engineering, ranked 5th, offers a starting pay of $73,000 and mid-career pay of $130,000, with average job growth and many job opportunities.

• Systems engineering comes in at number 4, providing a starting pay of $74,000 and mid-career pay of $132,000, with high demand and job growth.

• Chemical engineering and materials science engineering, ranked 3rd, offers a starting pay of $74,000 and mid-career pay of $137,000, with good job growth and valuable skills.

• A combination of electrical engineering and computer science holds the 2nd spot, with a starting pay of $101,000 and mid-career pay of $152,000, offering a versatile skill set.

• Petroleum engineering is ranked 1st, with a starting pay of $92,000 and mid-career pay of $182,000, but limited job opportunities and industry instability.