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National
Society Of Professional Engineers Publishes
2003 Income & Salary Survey Incomes Drop, But Weather Economic Storm Engineers experienced a slight drop in median income over the past year, with base salaries remaining almost unchanged, according to the recently released 2003 NSPE Income and Salary Survey. As of January 1, 2003, the median annual income of survey respondents was $81,120. This is a 1% drop from last year's median income of $81,964. Although the median income of all respondents dropped, licensed professional engineers saw their median income level make a very slight gain to $84,000, up $200 from last year Here are some other key findings from the survey: Only 126 respondents reported losing their job because of downsizing in 2002 while 81.7% of respondents said that they never lost a permanent job due to downsizing The median income of engineer respondents increased regularly from $47,000 for those with under one year of experience, which is up 2.2% from last year, to $100,000 for those with 30 years of experience or more, up 1.6% from last year Respondents with an MBA or an MBA combined with an MA or MS have higher median incomes than those with an MS in engineering. Respondents with a BS in areas outside of engineering had higher earnings, but a higher percentage of them are in executive or administrative positions, which yield higher earnings. The highest median income was found in the Middle Atlantic states of Delaware, Maryland, New Jersey, Pennsylvania, and New York. The lowest median income was found in the Upper Mountain states of Idaho, Montana, and Wyoming. To order NSPE's 2003 Income and Salary Survey (NSPE Product # 0103), call 800/417-0348 or go to www.nspe.org/ps-home.asp and click on "New Products from NSPE." The survey report is $125 for NSPE members and $300 for non-members. Some features that are exclusive to the survey include annual updates; easy-to-use searchable CD; employer sponsored benefits; unrestricted search arguments; 13 demographic and professional search variables; and results by "funnel" technique to display all valid data. Reprinted
with permission: The Engineering Times, May 2003, the official publication
of the National Society of Professional Engineers (NSPE). contact
Terri Ames, tames@nspe.org.
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National Engineers Week Foundation
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