Electrical engineering is a popular and sought-after field of study. The reasons are not hard to identify: a degree in electrical engineering opens doors to a diverse range of career opportunities. From manufacturing to telecommunications and healthcare to renewable energy, electrical engineers are a fundamental part of the workforce in countless industries.
What is Electrical Engineering?
Electrical engineering is a field of engineering that deals with the study and application of electricity, electronics, and electromagnetism. At its core, electrical engineering focuses on the development of technology and equipment that uses electricity and electrical systems. It includes the design, development, testing, and implementation of a wide variety of electrical systems, components, and technology.
How Much Do Electrical Engineers Earn?
Earnings for electrical engineers can vary depending on a variety of factors, including experience, qualifications, industry, location, and specialization. According to the US Bureau of Labor Statistics (BLS), the median annual wage for electrical engineers was $105,570 in May 2020, which means that half of all electrical engineers earned more than this amount, and half earned less.
In general, electrical engineers who work in research and development or in management roles tend to earn higher salaries than those in other positions. Factors like the size and reputation of the employer, as well as the region in which they work, can also impact salary levels.
The Highest Paying Industries for Electrical Engineers
While the median annual wage for all electrical engineers in May 2020 was $105,570, those who work in certain industries tended to earn higher salaries than others. Here are the top 5 highest paying industries for electrical engineers:
| Industry | Median Annual Wage in May 2020 |
|---|---|
| Petroleum and coal products manufacturing | $149,660 |
| Research and development in the physical, engineering, and life sciences | $125,750 |
| Oil and gas extraction | $124,260 |
| Computer and electronic product manufacturing | $119,390 |
| Electric power generation, transmission, and distribution | $115,120 |
Salary by State
Geographical location is an essential factor in determining the annual earnings of electrical engineers. The following table highlights the top-paying states for electrical engineers in terms of median annual salary in May 2020:
| State | Median Annual Wage in May 2020 |
|---|---|
| Alaska | $153,280 |
| Oklahoma | $122,090 |
| Oregon | $120,320 |
| District of Columbia | $119,280 |
| Texas | $116,900 |
Conclusion
If you're considering a career in electrical engineering, you'll be happy to know that salaries are generally above average. Salaries can vary depending on a variety of factors, such as experience, qualifications, industry, and location, but the demand for electrical engineers remains high, and job prospects are aplenty.
