Engineering salary round-up: from graduate to chartered engineer
A graduate engineer could earn £18,000 with a modest regional employer or £33,000 working for a global oil company. Typical earnings for incorporated and chartered engineers are £43,300 and £55,000 respectively, though there is huge variation in pay for engineers at these levels.
Starting salaries for leading engineering graduate schemes
The following figures relate to starting salaries for 2015, unless otherwise stated.
- AB Agri Limited graduate salary: £21,000 (commercial, supply chain and nutrition graduate schemes); £22,000 (finance graduate scheme) (figures for 2014 entry)
- AECOM graduate salary: £23,000–£26,000
- Airbus graduate salary: £25,000+
- AkzoNobel graduate salary: £25,500–£27,500
- AMEY graduate salary: £26,500 (Graduate Management Development Programme); £24,500 (Pathways Programme) (figures for 2016 entry)
- ARM graduate salary: £27,000 (figure for 2014 entry)
- Atkins graduate salary: £22,000–£33,000 depending on qualifications
- AWE graduate salary: usually at least £21,500 per year, although salaries are typically dependent on experience. Applicants with PhDs start on at least £26,000 per year
- Babcock graduate salary: a minimum of £25,000, although many schemes offer £27,000-£30,000 (figures for 2016 entry)
- BAE Systems graduate salary: £25,000–£28,000 (graduate development framework); £28,000 (finance leader development programme); £28,000+ (sigma leadership programme)
- Balfour Beatty graduate salary: £23,000–£26,900
- BG Group graduate salary: £32,500–£36,500
- BP graduate salary: minimum £33,000
- British Sugar graduate salary: £30,000 (engineering and electrical engineering programmes only)
- Caterpillar graduate salary: £26,750–£27,250 depending on experience
- DSTL graduate salary: circa £22,167
- EDF energy graduate salary: £25,100
- E.ON graduate salary: £28,000 starting salary (figure for 2016 entry)
- ExxonMobil graduate salary: £37,500–£42,000 depending on qualifications
- First Group graduate salary: £26,000
- Imagination Technologies graduate salary: £26,000–£30,000 (figure for 2016 entry)
- Jaguar Land Rover graduate salary: £29,000 (figure for 2016 entry)
- Johnson Matthey Plc graduate salary: £26,000+
- L-3 TRL Technology graduate salary: £26,000
- Lloyd's Register graduate salary: £25,500–£27,500
- Mars graduate salary: £28,000 (engineering and R&D programmes) (figure for 2016 entry)
- MBDA UK graduate salary: £25,000
- Mott MacDonald graduate salary: between £24,000 and £28,000 depending on location and qualifications
- National Grid graduate salary: £26,500–£27,500 depending on qualifications
- Network Rail graduate salary: £26,500
- Nestlé graduate salary: £27,000 (figure for 2016 entry)
- Nexen Petroleum UK Limited graduate salary: £30,000–£40,000 (figures for 2014 entry)
- npower graduate salary: £30,000 (quantitative risk scheme); £26,000 (other schemes)
- Procter & Gamble graduate salary: £28,600 (more if have a higher degree – figures for 2014 entry)
- Raytheon UK graduate salary £24,000 (figure for 2014 entry)
- Rolls-Royce graduate salary: £28,000 (from March 2016)
- Royal Navy graduate salary: £25,220+ (figure for 2016 entry)
- Shell graduate salary: a minimum starting salary of £32,500 (figure for 2016 entry)
- Transport for London graduate salary: £26,000 (2014 entry)
- TRW graduate salary: £26,000
- UK Power Networks graduate salary: £29,000+
- Unilever graduate salary: £30,000 (Unilever Future Leaders Programme, which includes research and development roles)
What is a typical salary for a graduate engineer?
A typical salary for a graduate engineering job with a high profile graduate employer is £25,000. Salaries for such roles advertised with TARGETjobs Engineering tend to range between around £22,000 to £30,000. A few engineering employers pay more, typically (but not exclusively) oil and gas giants such as BP, Shell and ExxonMobil. Conversely, salaries for graduate engineers working for small and medium-sized employers tend to be slightly lower, often between £18,000 and £25,000.
The AGR Graduate Recruitment Survey Summer Review, published in 2014, outlined the graduate starting salaries that its members (mainly well paying blue-chip employers) paid graduates starting work in 2013–2014. It reported that the median graduate starting salary with AGR-affilated engineering and industrial companies was £25,250. The median for construction companies and consultancies was also £25,250; the median for energy, water and utilities companies, was £27,500; and the median for fast moving consumer goods companies was £27,500. NB these figures include non-engineering roles.
The 2014 Destinations of Leavers from Higher Education survey, which questioned 2013 graduates approximately six months after they graduated, found:
- Mechanical engineering graduates’ salaries averaged £26,471.
- Civil engineering graduates’ salaries averaged £24,901.
- Electrical and electronic engineering graduates’ salaries averaged £25,165.
NB these figures cover both engineering graduates working in engineering and those who moved on to other fields.
What are salaries like for chartered engineers and incorporated engineers?
Salaries for chartered and incorporated engineers The Engineering Council’s Survey of Registered Engineers 2013 (published in 2014) includes earning levels for experienced engineers with both chartered and incorporated engineer status.
For chartered engineers:
- The median annual total earnings in 2013 (including bonuses, overtime pay etc) was £63,000.
- Around 14 per cent earned more than £100,000.
- The tenth percentile was £38,000 (ie those whose earning levels were higher than ten per cent of the others in the survey); the 90th percentile was £110,000 (ie those whose earning levels were higher than 90 per cent of the others in the survey).
- The median figure for overtime, bonus and commission payments was £6,000; the mean was £12,728.
- Looking at basic salaries before any additions, the median was £60,000.
For incorporated engineers:
- The median annual total earnings in 2013 (including bonuses, overtime pay etc) was £45,500.
- The tenth percentile was £31,000 (ie those whose earning levels were higher than 10 per cent of the others in the survey); the 90th percentile was £76,316 (ie those whose earning levels were higher than 90 per cent of the others in the survey).
- The median figure for overtime, bonus and commission payments was £5,000; the mean was £8,728.
- Looking at basic salaries before any additions, the median was £45,000.
The survey also found that the median basic income for engineers educated to graduate level was £56,000; for those educated to postgraduate level the figure was £62,000. Engineers who entered the industry without higher education qualifications earned a median basic income of £42,745.