Typical CEng pay up to �50k ETB reports
The average salary earned by a UK chartered engineer has risen well in excess of inflation in recent years to reach £50,000, new research has found.
The biennial survey of registered engineers conducted by the Engineering and Technology Board in association with the Engineering Council UK reveals an increase in median salaries for both chartered and incorporated engineers since 2005 of approximately 10 per cent. Engineering technicians reported a median increase that was slightly lower, but still significantly above inflation.
Based on feedback from 10,000 EC(UK)-registered engineers, the report states that median earnings of registered engineers are now £50,000 for chartered engineers, compared with £45,500 two years ago, and £41,000 for incorporated engineers, up from £37,000. Engineering technicians' pay rose from £31,000 to £33,000 over the same period.
Actual increases in median salaries since 2005 are 10 per cent for chartered engineers, 11 per cent for incorporated engineers and 6.5 per cent for engineering technicians.
The survey also demonstrates that the number of professional engineers whose registration and institution membership fees are paid by their employer has edged upwards from 50 per cent in 2005 to 53 per cent today.
ETB chief executive Dr John Morton believes that increasing salaries are broadly linked to increasing demand. ̶0;There is a growing need for competent engineers to help the UK compete on a global scale, and it would appear that salaries for registered engineers are starting to reflect this," he commented.
Morton added that although higher pay will help to attract new recruits to the profession, there is still much progress to be made. "If we are to fill the skills gaps and shortages which exist in some engineering sectors such as electronics, we in the engineering community must come together to communicate to the wider world what a socially and financially rewarding profession engineering really is,̶1; he said.
Image: All grades of engineer have enjoyed generous salary increases