A career as an aerospace engineer is an exciting adventure with many potential rewards. Crafting innovative designs, testing new aircrafts, and establishing new flight designations are all positive outcomes of this profession. Further, an aerospace engineer can enjoy a lucrative and rewarding salary. In the U.S., aerospace engineers earn more than the national median wage. In the following article, we explore the paycheck of an aerospace engineer in the U.S., as well as the economic realities of this career.
What is the Paycheck of an Aerospace Engineer in the U.S.?
Aerospace engineers in the U.S. can expect to receive a very generous salary. According to the Bureau of Labor Statistics, the median wage for aerospace engineers in 2020 was $114,500 per year, or $55.10 per hour. Aerospace engineers working in the industries of the federal government; scientific research and development services; aerospace product and parts manufacturing; and navigational, measuring, electromedical, and control instruments manufacturing all earned above the national median wage. While salaries will vary based on experience and area of expertise, the Bureau of Labor Statistics projected a growth of four percent for aerospace engineers from 2019 to 2029.
Exploring the Economic Realities of an Aerospace Engineering Career
Aerospace engineering presents multiple economic opportunities and benefits. With job security in the career field, the potential for higher earnings, and ample timing for career advancement, aerospace engineering can be a rewarding career to invest in. Aerospace engineers can find a variety of job opportunities and paths to pursue. From private firms to government agencies, such as the National Aeronautics and Space Administration (NASA) and the Department of Defense, aerospace engineers can make an impact on a global scale. Furthermore, aerospace engineers will have the chance to work on a range of exciting projects, such as developing innovative aircrafts or modernizing existing designs. This assortment of tasks means that aerospace engineering remains attractive and dynamic. On a less positive note, the cost of pursuing an engineering degree can be expensive. Aerospace engineers will need to have completed extensive coursework or hold a degree in engineering, and that usually implies a hefty price tag. Furthermore, aerospace engineering also requires miners to be on call for various projects, meaning extra long working hours with little time for breaks.
In conclusion, aerospace engineering is a regulated and promising industry that will continue to trend in the coming years. Despite the hefty cost of education and the possibility of extra long working hours, the perks and rewards of the career make this profession worthwhile. Aerospace engineers can make a competitive salary, enjoy endless potential for career advancement, and use their skills to work on innovative designs and projects. If you are considering a career in aerospace engineering, then what are you waiting for?