LSE engineers pay less than $10,000 per year for jobs they do not need

A survey of engineering jobs shows that most jobs that the engineers are looking for are not high-paying jobs in engineering, but rather ones that require little to no training. 

As part of the survey, engineers were asked to rate their experience in the job, including their ability to write code, communicate well with colleagues and solve problems, according to the Institute for Higher Education Policy.

The Institute found that engineers in the UK earned between $9,000 and $15,000 annually, with a median annual salary of $20,000. 

“Many engineers are reluctant to take a pay cut because of the perceived risk associated with this job, but we think that is partly because they see it as a way to avoid the negative publicity associated with a job,” said Professor Sarah Taylor, an engineering lecturer at LSE. 

The survey also found that only 3.5 percent of engineers who reported being asked to reduce their salaries to $10K per year said they had already taken this step. 

One of the most common reasons given for the lower pay was that they wanted to avoid being exposed to the financial risks associated with the jobs. 

This is likely due to a number of factors, including that employers have been asked to pay lower salaries due to the rise in the cost of living, according to the report. 

However, Professor Taylor says there are some other factors that could be contributing to lower pay rates, including: • higher levels of job turnover, • the lack of a career path to take after completing the degree, and • lack of confidence in the future of the profession. 

 The LSE survey also examined the reasons that employers might consider hiring engineers, and found that the following factors were cited as reasons for an employer considering hiring engineers: The engineer’s experience is likely to help their company in future business development and marketing projects. 

Engineers also often report higher levels of confidence in their work than other job candidates and their ability to engage with employers will be essential in future job requirements. 

Other employers have reported higher employee turnover and the increasing number of engineering jobs and engineers are increasingly employed as workers in technology and manufacturing industries which have a higher  number of employees than other industry employments. 

Source: LSE Engineering Salary Survey by Professors Sarah Taylor and Sam Thain, University of Oxford and Professor Robert L. Johnson, LSE Institute for Higher Education Policy.