Electrical Engineers

Starting salaries for all engineers are generally much higher than for workers in any other field. Entry-level electrical engineers with a bachelor's degree in engineering earned a median salary of $76,736, according to the Winter 2024 National Association of Colleges and Employers Salary Survey. The U.S. Department of Labor reports that the median annual salary for electrical engineers was $106,950 in May 2023. The lowest paid engineers earned less than $69,320, and the highest paid engineers earned more than $172,050 annually. Fifty percent of electrical engineers earned between $83,200 and $137,140.

Most companies offer attractive benefits packages for electrical engineers, although the actual benefits vary from company to company. Benefits can include any of the following: paid holidays, paid vacations, personal days, sick leave; medical, health, life insurance; short- and long-term disability insurance; profit sharing; 401(k) plans; retirement and pension plans; educational assistance; leave time for educational purposes; and access to credit unions. Some companies also offer discounts on their products and services.