An engineer with more than 10 years of experience earns $1.4 million more per year than an average worker, according to an analysis of pay data from the Bureau of Labor Statistics.
Engineers who have been in the workforce for two years or more have a 2.5 percent higher salary, and engineers who have worked for at least 10 years make $1,000 more per hour.
And engineers with at least five years of work experience make $3,500 more per month than workers who have had only one year in the field.
The study, based on data from federal contracts, also found that a worker with a bachelor’s degree in engineering has a 5.4 percent higher median salary.
Engineers with more experience make more per day, and those with more education are more likely to make more money.
The average salary for a manager in the engineering field is $100,000, according the BLS, which uses the median wage to calculate the average hourly wage for workers in the industry.
The highest-paid engineers are those who have more than 15 years of service.
The top-paid manager is a vice president who has been in his or her position for at leas t time, or the highest-earning executive.
This is a category that includes chief information officers, financial managers, accountants and sales managers.
This means that a manager with more years of engineering experience earns a median salary of $200,000.
The lowest-paid engineer is a senior engineer who has fewer years of professional service.
A person with less than five years’ experience makes $20,000 less per month.
This category includes information technology specialists, program managers and other technical support workers.
Engineers are more willing to accept lower pay because they want to be able to continue working at their job for more years, said Mark Johnson, a senior analyst with the BIS.
Engineers want to keep their jobs, Johnson said.
“It is an incentive to keep working at the same pace, the same pay, and the same benefits as a person who has done a lot of years of education and has done well in school,” Johnson said, adding that many engineers want to work for their companies.
The salaries of engineers are based on the number of years they have worked in their field, and not the type of job they are doing, Johnson noted.
Engineers in the U.S. have a long history of working in the oil and gas industry.
They first entered the workforce in the mid-19th century, when drilling began in North Dakota.
The U.N. estimated in 1960 that there were about 6 million oil and natural gas workers in all, but it has been estimated that as many as 100 million oil workers could be on the job today.
“The demand for engineers is strong in all sectors of the economy,” said Jim O’Donnell, president of the American Institute of Certified Mechanical Engineers.
“We’re going to continue to see that demand for many years to come,” O’Connor said.
Some industries have seen lower wages.
The unemployment rate for people with some college degrees is about 10 percent, according a 2010 analysis by the Economic Policy Institute, a Washington, D.C.-based think tank.
And the number who have a bachelor degree or more is increasing.
The number of people who have completed two years of college in the last 12 months increased by 8.3 percent, the most since 1980, according data from Education Week.
But for the average person with a high school diploma, the job market has been tougher than expected, the Economic Development Council of the Pacific, a research and policy group, reported in June.
The Council’s report said the job losses in the manufacturing sector are due to an increase in the demand for software engineers and the decline in workers with less education.
“This is the beginning of the end for the U-Hauls,” said Bill Hildebrand, vice president of public affairs for the National Association of Manufacturers, referring to a popular trucking company.
“Our industry is not going to survive in this era of outsourcing and low demand,” he said.
Hildebrands said he and other trade groups have raised concerns about what will happen to companies that leave the industry, and are trying to ensure the federal government does not cut jobs.
“If a company leaves, it will be a direct hit to the UAW, to our members, and to our families,” he added.
In April, Congress approved a $1 trillion plan to help companies recover from the downturn in the energy sector.
The bill, which includes $1 billion in funding for the United States Energy Information Administration to help businesses better understand their energy needs, has the backing of the Republican leadership.
But it faces fierce opposition from Democrats and some business groups.
The Energy Information Technology Association, which represents oil and coal companies, said the bill “has a long way to go” and that the energy industry is in an “energy crisis.”
“Energy companies need