Master of Engineering Management earning potential
18 August 2015
Want to know what kind of return on investment you could make by completing a Masters degree in engineering management? The numbers speak for themselves. Take a closer look at the salary potential for engineering management graduates.
Average graduate earnings with a Bachelor of Engineering
Graduate engineers in their first year of work typically earn between $57,000 and $65,000, depending on whether you go into state government, federal government or private industries. Graduate engineers are consistently paid higher than their peers in other industries (Graduate Careers Australia, 2015).
Average graduate earnings with any Masters degree
The median starting salary for all Masters graduates is $80,000 (Graduate Careers Australia, 2015). However, engineers with a postgraduate qualification start on a higher base salary than other industries and typically earn more over the course of their careers (Engineers Australia, 2015). An engineer at the top end of the responsibility scale will earn around four times as much as someone at the lower end.
Average earnings without a Master of Engineering
Engineers in Australia with only a Bachelor degree have an average pay salary of $66,995. A top-level salary for engineers with no postgraduate certification could reach $98,000 (Glassdoor, 2017).
Average earnings with an engineering Masters
A Master of Engineering Management can boost your salary as an engineering manager up to a median of $150,000. The high-end of the scale tips $250,000 (Hudson, 2017) – nearly double that of the colleagues without a postgraduate degree. We've also created a diagram to help you navigate through the salary figures for engineers:
Get in touch with one of our Student Enrolment Advisors to learn more about our online Master of Engineering Management, and where this degree can take you. Call 1300 589 882 today.