Aerospace Engineer Salary
Aerospace engineers hold about 58,400 jobs. Over 50% work in the aircraft/parts and guided missile/space vehicle manufacturing industries. Federal Government agencies, primarily the DOD, provide almost 23% of jobs. Engineering services, research and testing services, avionics and search and navigation equipment firms account for most of the remaining aerospace engineering employment.
Aerospace Engineer Salaries
Aerospace engineer salary range for the middle 50% is between $61,710 and $96,980. Aerospace engineer salaries for the lowest 10% are less than $50,320. Aerospace engineer salaries for the highest 10% are more than $122,640. Median annual aerospace engineer salary in the industries employing the largest numbers are:
Federal Government: $80,440
Search and navigation equipment: $76,310
Aircraft, parts and components: $77,280
Guided missiles, space vehicles and parts: $74,750
Aerospace Engineering Employment Outlook
Aerospace engineer employment is expected to grow about as fast as the average for all other engineering occupations through 2019. The decline in DOD expenditures for military aircraft, missiles, avionics and other aerospace systems has restricted defense-related employment opportunities in recent years. However, ongoing defense spending in these areas is expected to result in a moderate increase in employment of aerospace engineers in the private sector during the 2016 to 2019 period.
Demand should increase slightly for aerospace engineers to design and produce civilian aircraft, due to the need to accommodate increasing passenger traffic and to replace much of the present fleet with quieter and far more more fuel-efficient aircraft. Additional aerospace engineer opportunities will be created with aircraft manufacturers to search for ways to use existing technology for new purposes. The only variable to level growth would be major airlines forced into financial problems due to high fuel costs, precluding new orders.
Some aerospace engineer employment opportunities will occur in industries not typically associated with aerospace, such as motor vehicles. Most openings will result from the need to replace aerospace engineers who transfer to other occupations, are promoted or leave the labor force.
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