Home Skip Navigation LinksNews News Story

<< back to previous page

Engineering graduates see 4% salary increase

Published: Saturday, 19 November 2016   Category: All Graduate Jobs News

Engineering graduates can expect to take home an extra 4% a year compared to 2015, according to the latest professionals’ pay benchmarking report from EEF, the manufacturers’ organisation.

The yearly report reveals that engineering graduates can expect to earn £28,000 a year on average – a 4% increase on the £26,890 set in 2015.

Data from the Higher Education Statistics Agency (HESA) – who collect, process and publish data about higher education (HE) in the UK – shows that the average professional graduate salary is £22,984 a year.
As a result, engineering graduates now take home 22% or £5,000 a year more than other graduates in the UK.

Engineering skills in demand

The figure highlights how engineering continues to be a well-paid career option and how in demand those with the right skills and experience are. 

The trend of earning more also continues when looking at both senior engineers (£41,800) and engineers (£32,699), whilst the average pay in the UK according to the Office of National Statistics at £27,607 a year.

EEF’s annual report uses a number of sources to collate pay data for engineers and managers within the industry, with the 2016 study based on responses from more than 240 companies, covering salaries information for almost 6,000 managers and engineers across the UK.

Tim Thomas, Director of Employment and Skills Policy at EEF, said: “Engineering skills are in high demand and short supply, which is why they continue to command a premium and why employers are prepared to pay it.”

Understanding the salary benchmark

Those looking to attract talented graduate engineers have to compete amongst a number of competitors pushing the sector’s salary higher.

Mr Thomas believes the report reinforces the need for employers to be fully aware of industry pay rates so that they can benchmark and position themselves accordingly.

For engineering graduate schemes across a number of locations, visit Grad Plus today

news archives...

Email this page to a friend Facebook Twitter DZone It! Digg It! StumbleUpon Technorati Del.icio.us NewsVine Reddit Blinklist Add diigo bookmark