Overview of Boeing Electrical Engineer Salary
Boeing is known to be one of the largest and leading aerospace companies worldwide, and being a company that processes plenty of complex and innovative technological products, it’s reasonable to expect their engineers are well-compensated. One of the most important roles in a tech and aerospace company like Boeing is the Electrical Engineering position. With more than 150 000 employees, who make stunning discoveries every day in various fields all over the world, Boeing Electrical Engineers are paid varying salaries depending on their level of experience, expertise, position in the company, and location.
According to a recent survey conducted on data gathered on Glassdoor, Boeing’s Electrical Engineers’ average salary is $92,000 per year. However, this figure can range between $73,000 and $130,000. Besides the company’s location, the average annual salary can also vary depending on one’s years of experience in the field and level of education attained, but still, this range provides a general perspective of Electrical Engineer salaries in Boeing.
For instance, an entry-level Electrical Engineer in Boeing is estimated to earn about $73,000 annually. However, the salary for this position can range from $62,000 to $88,000 depending on the location of the position and the employee’s level of expertise in the field. The numbers are different for a Boeing Electrical Engineer with several years of experience, which are estimated to earn a yearly average salary of $107,000. The range for a senior Electrical Engineer is between $85,000 and $130,000. However, an engineer with over twenty years of experience at the company can earn up to $150,000.
Moreover, the survey revealed that the median salary for an Electrical Engineer II at Boeing is about $94,000. An Electrical Engineer III earns a median salary of approximately $103,000, while an Electrical Engineer IV is estimated to earn a median salary of $130,000. However, it’s essential to note that these figures are just average estimates and that actual wages may vary with the respective candidate’s location, experience, and academic qualifications.
When it comes to location, a Seattle-based Electrical Engineer at Boeing tends to earn more than those working in other locations. This may be because Seattle is the headquarters of Boeing. Other areas with competitive salaries for Boeing Electrical Engineers include Maryland, Missouri, and Oklahoma. Glassdoor also revealed that the average salary for a Boeing Electrical Engineer in Seattle, Washington is about $ 95,000 annually. An Electrical Engineer in St. Louis, Missouri, and Ridley Park, Pennsylvania, earns an annual salary of about $98,000 and $96,000, respectively, while an Electrical Engineer in Huntsville, Alabama, earns an estimated annual salary of $95,000.
In summary, Electrical Engineering is an essential role in the Aerospace and Technology industry, and obtaining a position at Boeing in this field is highly competitive. With an annual salary range of $73,000 to $130,000, Electrical Engineers at Boeing can expect a competitive wage, depending on their level of experience, education, and location. Therefore, if you are looking for a high-paying and challenging career in Electrical Engineering, finding a role at Boeing may be a step in the right direction.
Factors Affecting the Salary of a Boeing Electrical Engineer
The salary of a Boeing Electrical Engineer may vary depending on various factors. Some of the factors that have an impact on the salary prospects of an Electrical Engineer at Boeing can be as follows:
1. Experience: As in any field, the experience of an individual plays a very crucial role in defining his/her salary. For a Boeing Electrical Engineer, the amount of experience in the field can significantly determine the amount of pay he or she receives. A fresher with little to no experience might receive an entry-level salary, whereas someone with more experience and years in the field may negotiate a higher salary.
2. Education: The level of education also influences the salary of a Boeing Electrical Engineer. An Electrical Engineering graduate from a prestigious university is likely to earn at a higher grade compared to a graduate from a less well-known institution. An engineer at Boeing with a Master’s degree or a Ph.D. might receive a higher salary due to his or her advanced knowledge and skills.
The importance of a degree: Getting a degree in Electrical Engineering is incredibly crucial not just in terms of securing a job but also seeing a higher payout on the job. Besides, a degree program enables students to gain practical knowledge and skills that are necessary to work in the Aerospace industry. A degree in Electrical Engineering can increase the likelihood of receiving a higher salary due to the indispensable knowledge and expertise that comes with it.
3. Gender: Gender pay gap still exists in the workforce, and this is no different in the Aerospace industry. There might be a distinction in the amount of salary earned between male and female employees performing the same role. However, Boeing is founded on the principles of equality, and it tries to eliminate this gap through creating equal opportunities and equal pay.
4. Position: The position and type of work also significantly affect the salary of a Boeing Electrical Engineer. A staff-level engineer earns a different salary compared to a manager-level engineer. A management role within the Electrical Engineering field attracts a higher pay structure compared to a maintenance or junior engineer role.
5. Location: Another factor that has a significant impact on the salary is the location of the work. The cost of living varies among different locations in the world, and this can significantly impact the compensation or salary of an Electrical Engineer. A Boeing Electrical Engineer based in Seattle, Washington, is likely to earn more compared to someone doing the same job in a less expensive city.
In conclusion, the compensation package of a Boeing Electrical Engineer is determined by multiple factors, including experience, education, position, location, and gender. Tackling these factors allows employees to negotiate a fair and reasonable salary. When negotiating a salary, it is essential to do comprehensive research on the pay structures for different companies in the Aerospace industry, the compensation of different positions, and the cost of living in different locations to obtain an adequate compensation package.
Average Salary Range for Boeing Electrical Engineers
Boeing is a multinational American corporation that predominantly deals with manufacturing and selling of aviation airplanes, rockets, rotorcraft, satellites, and missiles. The corporation has a global workforce of around 140,000 employees with a significant number of these employees being electrical engineers. As of 2021, the average salary range for a Boeing Electrical Engineer is between $70,000-$126,000 per annum, with a national average of about $93,000.
The Factors that Affect the Salary Range for Boeing Electrical Engineers
Several factors affect the salary range of a Boeing Electrical Engineer. Some of these factors include:
- Level of experience: Generally, electrical engineers at Boeing with more experience tend to earn higher salaries. The average Boeing Electrical Engineer’s salary increases from $76,500 to $124,500, with the addition of ten years of experience.
- Location: Regional differences can affect the salaries of electrical engineers according to the living expenses of different areas. For instance, those working in areas with high living expenses like San Francisco may enjoy salaries approximately 31% higher than the national average for electrical engineers.
- Education level: In most cases, electrical engineers with higher academic qualifications may earn higher salaries compared to those with less advanced degrees, despite other factors.
- Specialization: Engineers who specialize in vital and strategic areas like aerospace, aviation, robotics, and computer systems may have higher salaries than those who specialize in less critical areas.
Boeing Electrical Engineer Job Description and Required Skills
Boeing Electrical engineers are responsible for several tasks that include creating electrical system designs, analyzing electrical systems data, and troubleshooting electrical systems within the production and field environments. They must have a deep understanding of the principles of electricity, electrical systems, and electronics.
Additionally, they should have proficiency in several of the following skills:
- Experience with software tools used in electrical engineering (e.g., MATLAB, OrCAD, AutoCAD Electrical, etc.).
- Knowledge of solving complex electrical problems, a creative approach to finding solutions, and experience with root cause systems analysis.
- Knowledge and experience with applicable standards, codes, and regulations like Federal and Military testing procedures, leading to product certification requirements.
- Good knowledge of the integration, design, and development of electrical systems used in air-flight reconstruction and aviation.
- Experience designing and modifying software on systems like Programmable Logic Controllers (PLCs) or Human-Machine Interfaces (HMIs).
- Good experience with test equipment like multimeters, oscilloscopes, logic analyzers, and data acquisition systems.
In conclusion, working as a Boeing Electrical Engineer is a rewarding, high-paying career path that requires a specific set of skills and education to excel. While the role is challenging, the compensation and the opportunity to work within a well-respected and dynamic organization like Boeing make the job an excellent choice for individuals with an interest in electrical engineering.
Benefits and Perks Received by Boeing Electrical Engineers
Boeing Electrical Engineers are among the highest paid professionals in the field of electrical engineering. Apart from a competitive salary, these engineers enjoy numerous benefits and perks as part of their employment package.
1. Health Benefits
As a major employer, Boeing offers its employees comprehensive health benefits that include medical, dental, and vision coverage. These benefits extend to the employee’s family members too. Engineers also enjoy access to wellness programs and an on-site gym to keep fit.
2. Retirement Benefits
Boeing’s retirement plan is one of the best in the industry. Among the most attractive features of the plan are the dollar-for-dollar matching contribution the company makes to the employee’s 401k account, and the pension plan that guarantees a fixed income in retirement. The company also offers an employee stock purchase plan (ESPP) that allows employees to save for company stock at a discounted price.
3. Education Assistance
Boeing understands that its employees’ education is important to their professional growth and development. It, therefore, offers education assistance to support employees who want to advance their education while still working. This includes tuition assistance, scholarships, and on-site classes among others.
4. Flexible Working Arrangements
Boeing recognizes the importance of work-life balance. As such, it offers flexible working arrangements to support its employees. This includes telecommuting, compressed workweek, and flexible schedules. Engineers also have the option of job-sharing or part-time work to accommodate their personal commitments.
In conclusion, working as a Boeing Electrical Engineer comes with numerous benefits and perks that improve the quality of life of the employees. These benefits range from comprehensive healthcare coverage to flexible working arrangements, retirement benefits, and education assistance. At Boeing, employees are not just valuable assets but are also cared for in all aspects of their lives.
Comparison of Boeing Electrical Engineer Salaries with Other Aerospace Companies
When it comes to the aerospace industry, it’s no secret that Boeing is one of the leading companies in the world. As an electrical engineer, working for Boeing can be an excellent opportunity to work on exciting projects and earn a competitive salary. However, how does a Boeing electrical engineer salary compare to other aerospace companies in the industry? Let’s take a closer look.
1. Lockheed Martin:
Lockheed Martin is one of the largest aerospace and defense companies in the world. Their electrical engineers are responsible for designing and improving cutting-edge technology, including spacecraft and defense systems.
According to Glassdoor, the average salary for an electrical engineer at Lockheed Martin is $97,151 per year. This is slightly higher than the average salary for a Boeing electrical engineer, which is $90,000 per year.
2. Northrop Grumman:
Northrop Grumman is another leading aerospace and defense company. They specialize in technology that supports military and national security capabilities. Their electrical engineers are responsible for the design, development, and testing of their products.
According to Glassdoor, the average salary for an electrical engineer at Northrop Grumman is $96,538 per year. This is also slightly higher than what a Boeing electrical engineer makes on average.
3. Raytheon:
Raytheon provides state-of-the-art electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems. Electrical engineers at Raytheon design, develop, and test complex systems.
According to Glassdoor, the average salary for an electrical engineer at Raytheon is $96,462 per year. This is once again slightly higher than the average salary for a Boeing electrical engineer.
4. SpaceX:
SpaceX is a private American aerospace manufacturer and space transportation services company. With a mission to colonize Mars, their electrical engineers are responsible for designing, developing, and testing cutting-edge technology.
According to Glassdoor, the average salary for an electrical engineer at SpaceX is $98,034 per year. This is significantly higher than the average salary for a Boeing electrical engineer.
5. Sierra Nevada Corporation:
Lastly, the Sierra Nevada Corporation is an American privately held electronic systems provider and systems integrator. They specialize in defense, aerospace, and cyber security. As an electrical engineer at the Sierra Nevada Corporation, you would be responsible for designing and developing high-quality hardware and software systems.
According to Glassdoor, the average salary for an electrical engineer at the Sierra Nevada Corporation is $85,000 per year. While this is slightly lower than what a Boeing electrical engineer makes, it’s still a competitive salary for the industry.
Overall, it’s clear that Boeing’s electrical engineer salaries are competitive with other aerospace companies in the industry. While they may not be the highest-paying option out there, Boeing offers exciting projects, excellent benefits, and a supportive environment for their employees. As with any job, it’s essential to weigh the salary against other factors, such as work-life balance and job satisfaction.