Electrical Engineer Salary
An electrical engineer's salary depends on a number of factors: experience, academic degree, relevant work experience, industry sector, location, the nature of the project, working hours and conditions, and the size of the company.
Starting salaries usually range from £20,000 to £25,000, while incorporated electrical engineers and those with significant work experience generally earn between £28,000 and £38,000. Chartered engineers earn even more, and their salaries generally range from £40,000 to £50,000. Depending on the project, client, and employing company, electrical engineers’ salaries can sometimes even exceed £50,000. Average bonuses for electrical engineers also depend on the number of years of relevant work experience. They typically range from £662 to £986, according to data provided by Payscale.
Electrical engineers with less than a year of work experience can expect to earn between £9,004 and £42,885, depending on the employer, location, nature of the work, and demands of the job.
The hourly rate for electrical engineers depends on their work experience. Engineers with 1 to 4 years of work experience can expect to earn between £4.09 and £13.57 per hour, those with 5 to 9 years usually earn between £6.74 and £13.27, and engineers with 10-19 years of work under their belt are paid between £10.22 and £19.75 per hour. Electrical engineers with over 20 years of experience can expect to earn between £10.22 and £45 per hour.
Engineers with the status of Engineer in Training (EIT) earn between £4.91 and £12.21 per hour, while the hourly rates for professionals with Certified Professional Engineer (PE) status range from £6.85 to £37.50.
General salary information
Regardless or qualifications and work experience, electrical engineers can earn more if they work under difficult conditions on site or in a hot production plant, or if the project requires travel and a high degree of mobility, which they frequently do. Most people working in the field, however, work in offices, especially during the planning and development stages of a project.
Electrical engineers’ salaries can also vary depending on the working hours. If they work extra or unsocial hours, their salaries will reflect this. Similarly, if they must work very fast to meet deadlines, they can earn more.
Experienced chartered electrical engineers can always opt for self-employment, contracting, or the consulting profession if they have built a professional reputation for themselves and know where they will find their next client. For the certification of chartered engineer (CEng), an engineer must have a post-graduate level qualification, and the status of incorporated engineer is available to BEng graduates.
Experienced electrical engineers looking for a bigger salary can also go into project management or seek out other management roles, depending on their field of expertise and market demand.
Electrical engineers can find jobs throughout the UK as well as overseas, where there are always good opportunities in the power sector and within established consulting firms. Most overseas companies require chartered engineer status, but other engineering qualifications obtained in the UK are recognized as well in most countries.
For an electrical engineer to successfully advance his or her career and salary, membership in professional bodies like Institution of Engineering and Technology can be critical. Not only does it help engineers stay up to date with technological developments and latest engineering tools, but it also allows them to build a network of professional contacts, which can broaden their career options down the line.