The average salary for an industrial engineer depends on a lot of factors, such as experience and where the engineer is working. With so many variables going into the equation, it can be difficult to figure out what your net worth should be at this point in time.
The average salaries for industrial engineers vary greatly based on their experience, location and industry. The median salary for industrial engineers is $57,1083 annually as of summer 2016 according to PayScale . The following lists include the top ten highest paying industries for industrial engineers.
The average salary for an industrial engineer is $81,000 a year. There are approximately 75,000 industrial engineers in the U.S. who earns about $32.4 billion a year and this makes up about 1.5% of all jobs in the country. If you perform at a higher level, your salary will increase significantly, but the average salary would stay the same overall.
Average salary for industrial engineer
The average starting salary for an industrial engineer is $75,000. Industrial engineers work in all parts of the industry, including manufacturing, construction and service industries. Salary increases with experience, which often means a substantial raise once you’ve been working for a few years.
The average salary for industrial engineers is 77,319 per year according to the BLS. To determine this information, the quarterly earnings survey was used as a reference point during which time 557 respondents were surveyed in all fields. The average salary in 2017 was 99,895 in July. This represents an increase of 4.9% from 2016 when it was 96,866.
Industrial engineers design, develop, and improve manufacturing processes. They think like a business executive and have the knowledge and skills to get results – whether that’s improving working conditions, increasing efficiency or increasing customer satisfaction.
The average salary for an industrial engineer is $75,470. Salaries can range from less than $40,000 to more than $130,000 with bonuses, profit sharing and commissions increasing salaries. Industrial engineers train workers to operate machinery safely and efficiently as well as using statistical analysis to control work flow.
Depending on what tasks the industrial engineer is concentrating on, their salary will vary. A mechanical engineer or an electrical engineer could earn around $40,000 per year. But if the job is more design and commercial oriented, their salary will range from $50,000 to $80,000 a year.
Industrial engineers are an important piece of the machinery of modern society. Their expertise and understanding are vital to the manufacturing industry and the products we use everyday. EU countries pay their industrial engineers roughly $41,510 per year on average. Switzerland is where industrial engineers earn the most at $53,230 annually. The lowest salaries for industrial engineers in EU countries are in Hungary paying $23,670 while out non-EU country Albania pays $18,250.
The industrial engineer’s role is becoming more widespread, both in the public and private sector. As such, the requirements for entry-level positions are also expanding. In this article we will briefly look over the roles and responsibilities of an industrial engineer as outlined by the Bureau of Labor Statistics’ Occupational Outlook Handbook. Additionally we will take a look at the following factors: educational requirements that are common throughout different industrial engineering specializations, job prospects, median salaries by state, and a projected growth outlook.
While this article is light on statistics and research, it does contain a large list of websites with information about how to become an industrial engineer. Most of them were business-centered, with some that were designed specifically for the education sector. I would give the writer a B for their effort.
Industrial engineers help optimize manufacturing systems, which can reduce manufacturing costs and improve product quality.
