|
LOOKING FOR A BETTER JOB? MORE MONEY? RELOCATION? A NEW SALT MINE TO WORK IN?
For a review of some of the on-line career resources applicable to electronics engineers and managers,
see our Careers Page.
| For
a comparison to previous years' salary surveys, choose a year
from the following list:
|
|
EE-Evaluation Engineering's 1997 Salary Survey
Median Salary Up 14% This Year
by Deborah L. Beebe, Associate Editor
Since EE began conducting salary surveys in 1993, only one thing
is predictable—all things change. Statistics that show an increase
from one year to the next will decrease the third year and vice
versa.
Maybe it's our fast-changing electronics industry that influences
the economy. Or maybe it's downsizing. Nearly all companies experience
some form of downsizing. Some companies are in the throws of downsizing
now while others have undergone the effects and are emerging with
new directions for their employees.
Let's start by looking at the overall median salary. The outlook
in 1995 was bright with an increase of almost 14% over the 1994
median salary. Then, although small, the 1996 overall median salary
was down roughly 2.5%.
So you can almost guess what happened this year. Right, the median
salary is up 14.3%, or at $60,000. This significant increase is
good news for the engineering profession in general. And it is
in line with the current overall economic climate in the United
States.
But there is much more to look at in the big picture. Are you
satisfied with your career and secure in your job?
First, let's show you how we got these numbers. Questionnaires
were mailed to 2,000 EE subscribers in January. No incentives
were offered to encourage participation. When the deadline arrived,
we had 16.2% that provided us with usable information. Here's
their answers.
Once again this year, salaries computed by geographical region
are an enigma (Table 1, see below). The areas with decreases in 1996
indicate increases of at least 10% in 1997. The areas with increases
last year show modest drops of up to 5% in 1997.
|
Salary by Geography |
|
Region |
Median Salary |
|
Pacific |
$ 65,000 |
|
Mountain |
$ 61,250 |
|
Central |
$ 55,000 |
|
Northeast |
$ 60,000 |
|
Southeast |
$ 49,300 |
While noteworthy, a salary breakdown by geography is not the
only criteria used to help you zero in on how you match up to
others with the same job and education. Of the professionals who
responded to the survey, nearly 26% are in Design/Development
Engineering, followed by 14.7% in Corporate Management, 13.8%
in Manufacturing/Production Engineering and 12.5% in QC/QA/Reliability/Product
Assurance.
To compare these professions and a few others that make up the
bulk of the responses, Table 2 (see below) shows the median
salaries for 1995, 1996 and 1997. In four of these categories,
the 1997 median salary is higher than it was in either 1995 or
1996. R&D and Scientific held its own in 1997 after slipping
from a $59,000 median in 1995. For the second consecutive year,
field service personnel lost ground.
|
Salary by Job Function |
|
Job Function |
1995 Median |
1996 Median |
1997 Median |
|
Design / Development Eng. |
$ 60,700 |
$ 55,000 |
$ 61,000 |
|
Field Service |
$ 51,000 |
$ 50,000 |
$ 45,000 |
|
Manufacturing / Production Eng. |
$ 57,000 |
$ 50,000 |
$ 59,000 |
|
Production Test |
$ 47,000 |
$ 45,000 |
$ 57,500 |
|
QC / QA / Reliability |
$ 54,000 |
$ 51,000 |
$ 60,450 |
|
R & D / Scientific |
$ 59,000 |
$ 55,000 |
$ 55,000 |
For all you who endured hours of intense technical lectures,
detailed lab assignments and endless homework, your education
paid off. When we compare your educational level to your wages,
an increase in the median salary for 1997 appears across the board
(Table 3, see below). Of these respondents, 46% have B.S.E.E. or
other bachelor's degrees and another 29% have master's or doctorate
degrees.
|
Salary by Level of Education |
|
Level of Education |
1996 Median |
1997 Median |
Change |
|
Associates Degree |
$ 46,225 |
$ 49,000 |
6.0% |
|
B.S.E.E. |
$ 52,000 |
$ 55,500 |
6.7% |
|
Other B.S. Degrees |
$ 58,500 |
$ 59,500 |
1.7% |
|
B.A. |
$ 55,000 |
$ 68,000 |
23.6% |
|
M.S.E.E. |
$ 60,000 |
$ 62,950 |
4.9% |
|
M.B.A. |
$ 62,500 |
$ 82,200 |
31.5% |
|
Ph.D. |
$ 70,000 |
$ 82,200 |
17.4% |
Obviously, experience impacts your salary. What is
less obvious is the drop in pay if you have been employed 20 to
24 years in the profession. When this trend occurred in two previous
surveys, we thought it was a fluke. But the third consecutive
anomaly got our attention.
If you are in the industry three to five years, your median salary
is $49,650, up more than $10,000 over the last 12 months. Then
there is a steady increase to $50,000 for six to nine years in
the industry and $50,200 for 10 to 14 years. If you are in the
15- to 19-year group, your median salary is $60,000, which has
not changed from last year.
But for those of you with 20 to 24 years of experience, the median
drops to $55,000. Speculation on this topic varies. Perhaps it is the time when engineers who really enjoy the technical
challenges of their jobs elect to stay in the engineering field
and their counterparts seeking managerial positions take separate
paths. The engineers remain at a more constant pay while, after
a few years of experience, the new managers begin to march higher
on the pay scale.
For 25 to 29 years, the median salary is $71,000; those who stick
it out for 30 or more years earn $69,000. Table 4, see below, shows
even more information on how salaries fare when compared to years
in the industry.
|
Salary by Years of Experience |
| |
Percentiles |
|
Years of Experience |
Median Salary |
10% |
25% |
50% |
75% |
90% |
|
< 3 years |
$ 48,000 |
$ 39,000 |
$ 41,330 |
$ 48,000 |
$ 68,450 |
$ 70,000 |
|
3 - 5 years |
$ 49,650 |
$ 34,700 |
$ 39,500 |
$ 49,650 |
$ 62,500 |
$ 74,100 |
|
6 - 9 years |
$ 50,000 |
$ 36,680 |
$ 42,050 |
$ 50,000 |
$ 61,500 |
$ 69,400 |
|
10 - 14 years |
$ 50,200 |
$ 37,000 |
$ 42,000 |
$ 50,200 |
$ 62,100 |
$ 73,000 |
|
15 - 19 years |
$ 60,000 |
$ 40,000 |
$ 50,250 |
$ 60,000 |
$ 72,500 |
$ 90,000 |
|
20 - 24 years |
$ 55,000 |
$ 36,800 |
$ 43,000 |
$ 55,000 |
$ 77,600 |
$ 89,400 |
|
25 - 29 years |
$ 71,000 |
$ 48,000 |
$ 62,250 |
$ 71,000 |
$ 87,850 |
$ 102,000 |
|
30+ years |
$ 69,000 |
$ 46,000 |
$ 57,500 |
$ 69,000 |
$ 89,000 |
$ 100,000 |
While on the subject of time spent on the job, let's look at
the amount of overtime you work. More than 80% of you say that
working overtime is a way of life these days. On average, you
work about 10 hours extra each week. And the pay is not great-77%
of you do not receive additional money for these extra hours.
Now that we have discussed the hard facts relating to salary,
let's address the far more subjective areas of job and career
satisfaction and job security. About 39% of you are satisfied
with your current job, down four points from last year. If you
are very satisfied with your job, you are in the 33% category,
up from 25% in 1996. Those of you only somewhat satisfied with
your job number 23%, almost the same as last year. If you are
not satisfied with your job, you share that opinion with slightly
more that 5%, down 2% from 1996.
Job is one thing, but satisfaction with your career is something
far more serious. After all, you have invested time, effort and
money in this career. A little more than 29% are very satisfied
with your career choice, up from 25% last year. About one-third
of you are satisfied with your career, down from 48% in 1996.
Nearly 35% are somewhat satisfied and 2.8% of you are not satisfied
with your choice of careers.
So how secure are you in your job? According to W. Michael
Cox of the Federal Reserve Bank of Dallas in a recent Business
Week article, many of the companies that emerged from downsizing
are "able to provide greater security for their remaining
workers." How true it that for our survey respondents?
Approximately 42% say you are very secure in your present job,
48% are somewhat secure and 10% are not secure at all. Do you
feel better today about your job than a year ago? A total of 39%
says yes, 33% say no and 28% say nothing has changed in the past
year to make them either more or less secure in their current
position.
Where Do We Go From Here?
With the information we gathered from the salary survey this
year, we made some comparisons and observations. Perhaps you can
gain some valuable insights about where you stand in the industry.
One respondent told us that he received a 12% increase in pay
after EE's 1996 Salary Survey was published. Hopefully,
this article will be as helpful to you.
All contents ©
2004 Nelson Publishing
|