According to the US Bureau of Labor Statistics, the average annual salary for Industrial Engineers is $95,200, while the average annual salary for Mechanical Engineers is $97,000. This means that these two occupations have comparable salaries.
However, it's worth mentioning that wages can vary depending on factors like location, experience, and the specific setting in which the employee works. As an example, Industrial Engineers who work in Washington (with salary averaging $112,630) may earn more than those who work in Wisconsin ($81,660). And Mechanical Engineers in New Mexico earn 54% more on average compared to those in Arkansas.
Industrial Engineers vs Mechanical Engineers overview
Industrial Engineers and Mechanical Engineers are crucial to the Transportation Equipment Manufacturing industry. Many people are interested in understanding the distinctions between these job titles, including the average salary for each of them.
Industrial Engineer job description
Industrial Engineers design, develop, test, and evaluate integrated systems for managing industrial production processes, including human work factors, quality control, inventory control, logistics and material flow, cost analysis, and production coordination.
Industrial Engineer education and experience
The majority of Industrial Engineers (59%) hold a Bachelor's Degree. However this occupation also includes some employees who have a College Course Certificate (16%) and a Master's Degree (11%). With regard to experience, 42% of Industrial Engineer jobs require a 2 to 4 years of work-related experience. A smaller part of jobs (17%) require a previous experience of 8 to 10 years.
Industrial Engineer average salary
According to the US Bureau of Labor Statistics, there were 293,950 Industrial Engineers employed in the United States in 2021, and they earned a mean annual income of $95,200. The bottom 10 percent earned $60,850 or less, and the top 10 percent earned $129,620 or more. Compared to the previous year, the average salary has increased by 1.7%.
Do Industrial Engineers make good money?
Industrial Engineers generally earn good salaries, as their average salary is 63% higher than the average salary in the United States ($58,260). Additionally, they earn about a half more than the average pay of the Transportation Equipment Manufacturing industry ($64,210).
Industrial Engineers generally earn good salaries, as their average salary is 63% higher than the average salary in the United States ($58,260).
Industrial Engineers job growth
In 2021, there have been 3,760 more Industrial Engineer roles than the previous year nationwide, which marks a growth of 1.3%. Job growth has averaged 1.7% for the last 3 years.
Mechanical Engineer job description
Mechanical Engineers perform engineering duties in planning and designing tools, engines, machines, and other mechanically functioning equipment. Oversee installation, operation, maintenance, and repair of equipment such as centralized heat, gas, water, and steam systems.
Mechanical Engineer education and experience
Becoming a Mechanical Engineer typically involves completing a Bachelor's Degree. However, among employees in this occupation, there are also some with an Associate's Degree (7%). Regarding experience, about a quarter of Mechanical Engineer jobs require a 4 to 6 years of experience in the field. A smaller percentage of jobs (26%) require a previous experience of 2 to 4 years.
Mechanical Engineer average salary
As reported by the US Bureau of Labor Statistics, in 2021, the number of Mechanical Engineers employed in the United States was 278,240, and they earned an average of $97,000 per year. The bottom 10 percent had a salary of $60,750 or less, and the top 10 percent had a salary of $136,210 or more. The average salary has increased by 1.5% compared the previous year.
Do Mechanical Engineers make good money?
Mechanical Engineers are usually paid well, as their average salary is 66% higher than the average wage in the United States ($58,260). Moreover, they earn 6% more than the average wage of the Professional, Scientific, and Technical Services industry ($91,150).
Mechanical Engineers are usually paid well, as their average salary is 66% higher than the average wage in the United States ($58,260).
Mechanical Engineers job growth
The hiring of Mechanical Engineers has decreased in the last two years. In 2021, there have been 15,720 less positions than the previous year nationwide, which marks a decrease of 5.3%. Job growth has averaged -2.8% for the last 3 years.
FAQ
Do Industrial Engineers or Mechanical Engineers make more?
The salaries for these two jobs are similar. The average annual salary for Industrial Engineers is $95,200, while Mechanical Engineers earn $97,000 per year.
How long does it take to become an Industrial Engineer vs Mechanical Engineer?
Both Industrial Engineer and Mechanical Engineer jobs generally require a Bachelor's Degree. A Bachelor's Degree usually takes around 4 years to obtain.
Is it harder to become an Industrial Engineer vs Mechanical Engineer?
The difficulty of achieving either job title is similar, as they both require the same level of education.
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