As far our education goes we are getting lost in estimating salaries for Engineers for engineers in Europe. Quick research show what we can expect and target on our first job hunting and how we should approach career path.The engineering profession pays off: This is not only a general opinion, but can also be determined by means of solid salary figures. Good salaries can already be negotiated as young professionals. Graduates can use the latest study results from German research show to prepare ideally for the salary negotiations. The gross entry-level salaries listed are based on data from over 2,900 young professionals who took the salary test in 2018. Accordingly, young professionals as specialist or project engineers earn an average of 48,000 euros. Average earnings stagnated compared to the previous year.
Master’s graduates receive the highest honor
According to the Employment Agency, the number of new students in engineering courses is constant at 55,000. 19,000 students enrolled in the mechanical engineering and process engineering field in 2017/18. 29,000 started studying traffic engineering and nautical science. By 2017, a total of almost 130,000 graduates in engineering from German universities had completed their studies.
With the academic degree, the income prospects for engineers increase. With a master’s degree at a university of applied sciences or university, the average salaries are highest. On average, a master’s degree from a (technical) university with an annual gross of more than 49,700 euros. A bachelor’s degree usually receives around 45,000 euros.
Engineers in the chemical and pharmaceutical industries are the clearest winners
For years, companies in the chemical and pharmaceutical industries have been among the most generous employers. As early as 2016, their employees received an initial salary of an average of 51,000 euros. The German chemical and pharmaceutical industry pays its specialists the highest starting salaries. With an average wage of 52,800 euros, this industry is ahead of vehicle construction (51,300 euros). Engineers who enter electrical engineering follow with a salary of 49,600 euros. Colleagues in the construction industry and in engineering and planning offices lag behind with an annual gross of between 44,100 and 44,600 euros. Compared to previous years, employees in the construction industry were able to improve their annual wages by around 7%. In 2016 this was still around 41,500 euros.
Starting salaries for engineers by industry
Chemical and pharmaceutical industries 52,837 euros
Vehicle construction 51,300 euros
Electronics & electrical engineering 49,556 euros
Mechanical & plant engineering 48,200 euros
Energy 48,000 euros
Information technology 48,000 euros
Construction industry 44,642 euros
Engineering and planning offices 44,114 euros
The larger the company, the higher the starting salary
It is not a peculiarity of the construction industry that, for example, the planning offices pay less than the industrial companies. The logic runs through all industries: the larger a company is, the more salary it pays to its employees on average. Current salary study makes it very clear that there are no statistical deviations from this rule of thumb. While beginners in micro & small companies with up to 50 employees earn EUR 44,200 gross per year, medium-sized companies already pay EUR 2,000 more. On average, there is even 25% between the starting salary of a small company of a group.
Public sector salaries in UK after Brexit
We are very disappointed with research for UK market just after living EU. Construction salaries drop approx. 10% and fresh engineers not likely to by able approach 40k EUR. Situation become even more complicated in public sector. Senior level professional structural engineer signing responsibility for 1B pound structures wont be able to make 50k in jobs that more likely lead to staying late hours and weekends. It is interesting to observe slowly developing countries like Portugal and Poland reaching 35k EUR basic level salary. Most of the vacancies paying off approx. 45-50k EUR for professionals with solid work experience. Considering very low basic expanse expectations it is suggested to learn additional European language and simply relocate.