Top-5-highest-paying-careers-for-electrical-engineering-graduates

          Whether you have your electrical engineering degree in hand or you're on the homestretch heading towards final exam week, browsing through potential career prospects can feel overwhelming (I am currently an engineering graduate so I am experiencing the same thing lol). To ensure that you don't leave anything on the table in terms of earning potential or in terms of earning money, here is a complete list  of the five highest paying careers in this field, as well as how industry and location choices can boost your annual income.

Honorable Mentions:

Before we jump into the top five highest paying careers, it is only fair to shine a little knowledge on the jobs that just barely missed the way. Specifically, these three careers paths might not offer the largest annual salaries according to research conducted by the Bureau of Labor Statistics (BLS), but they still provide graduates with more than average income.

Firmware Engineer :

          Actually a work of firmware engineer is to develop software that manages the hardware components of electronics devices.  To get into this stream you must have a significant amount of programming skills and some logical thinking and little bit of communication.  Earning approximately $86,000 a year, firmware engineers support a brand's technical infrastructure via bug and glitch management or eradication.

Controls Engineer :

         With responsibilities that include handling space flight control systems and the upkeep of civic power grids, this type of engineer can earn up to $93,883 in annual compensation.  They are responsible of designing developing and maintaining all kinds of electrical cum electronic equipments.

Applications Engineer :

          In return for a yearly salary that sits at $99,750, applications engineers provide expert-level support for machine functions and other automated system processes.

While these honorable mentions didn't quite make the final list, they can still serve as the foundation for a healthy and prosperous career should you find yourself interested in one of these fields.

Project Engineer

            The first career on our list , the project engineer which serves as a leader for specific engineering projects within a corporation or municipal agency. Keeping these projects on budget, on time for completion, and fostering communication between the varying individuals and outside influences that go into this process all serve as job responsibilities for this positon. Should you find yourself working as a project engineer, the BLS notes that you can expect to earn up to $103,486 on a yearly basis.

Software Engineer

        With a top end salary that sits at the $106,670 mark, the software engineer career path barely sneaks by the previous entry on this list. As part of this digitally-oriented job opportunity, you will have to develop and design computer programs that not only power larger in-house systems and services, but also help unify and consolidate disparate program functions.

Electrical Engineer

        As the bread and butter member of the list, it only makes sense for the electrical engineer position to land right in the middle of the pack. This career gives recent electrical engineering graduates the ability to implement and design components that channel electricity, as well as test the functionality of prototype products and devices. In return for this hands-on work, you will have the potential to earn up to $124,138 per year(approx).

Electrical Design Engineer

           Taking the design aspect of electrical engineering to the next level, electrical design engineers seek to push the cutting edge of component and device development, all while improving upon current industry benchmarks and leading products. The BLS reports that graduates who gravitate toward this field end up laying claim to annual earnings that top out at $128,222.

Systems Engineer

           At the top of the list of highest paying electrical engineering jobs is the systems engineer career path. This specialist serves as an administrator of computer systems, servers, and other electrical hardware that functions as the backbone of major public and corporate networks. Should you find yourself working as a systems engineer, you can expect to receive $141,894 in yearly compensation.

Picking the Right Industry for Your Career Path

           Of course, not every industry values these unique positions in the same manner, so it is important that you also pair up your career choice with the right market sector to maximize your earnings potential. Leaning once again on the BLS research shows that the oil and gas extraction industry currently pays the highest average salaries to electrical engineering graduates, primarily based on a decided lack of professionals entering this marketplace.

          The computer systems design field has less of a gap between open positions and leading salaries, but still stands as the second hottest industry for recent graduates. If neither of these top tier industries pique your interest, then working in the aerospace, manufacturing, and navigational sector can provide you with access to the third most active industry on the BLS list.

The Regional Effect on Salaries

          Finally, it is also worth noting that the region in which you choose to live can also have an impact on your salary. Landing on the West Coast gives you access to the highest average salaries across all fields with a median yearly compensation figure of $98,642, while New York and the rest of the northeastern portion of the country comes in at second on the list with an average salary of $88,118. But landing in india since it has more population and high crisis for engineering jobs you will end up with poor income. So picking up the right region lies with your choice. The Southeast and Midwest sit at a distant third and fourth, offering median earning opportunities of $82,814 and $79,429, respectively.

         Dont get frustrated that you are nothing when compared to other passed out from the college who has 9/10 or4.5/5 gpa.  All of them are unique in their qualities and talents.  Not all the gpa scorers are successful in life so make your own way try to find in which path you are good of and work on that path you will surely get success.  wish you all the best!

       Since readers are worldwide im mentioning the money value in dollars, please convert to your respective values for correct reading info.

OUR GOAL IS TO GAIN KNOWLEDGE NOT MARKS!

SOME ONLINE STUDY RESOURCES:

1. NPTEL ONLINE COURSEWARE
2. MIT OPEN COURSEWARE
3. electromechanical library
4. coursera
5. electrical engineering portal

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About Sooriyamathy

This blog is created to explain people the concepts, which they are finding difficult to understand in electrical and electronics world. This blog also post stuff related to stargazing.