Engineering salaries are growing faster than any other industry, according to an industry analyst.
But the typical salaries for scientists and engineers in the field are falling, and those for those in management and sales positions are rising, according a new report from McKinsey & Co.
The average scientist earns $79,000, while the average engineering engineer earns $83,000.
That’s not a big deal in itself, said Michael Pfleger, who runs a consulting firm that analyzes engineering salaries.
But if you factor in the compensation of the company executives, it becomes very important, said Pfleg.
It’s not just the money, Pflech said.
A scientist with a master’s degree, for example, could earn $80,000 to $100,000 a year in salary.
A chemist who makes $75,000 is making about $160,000 if he also makes a master degree.
“This is a really big deal,” said Pfliger, who is also a former president of the American Society of Biomedical Engineers.
“It’s one thing to be in management or sales, but if you’re in management, you’re making a lot more money than you were even a couple of years ago.”
Pfleger said the trend is not surprising given the rise of the artificial intelligence (AI) and big data (big data) industries.
He noted that some of the biggest companies in this field have been profitable for a long time.
He also pointed out that companies are paying their engineers more now than they were just a few years ago.
McKinsey & co. estimates that the U.S. needs about 11,000 new engineers per year to keep up with demand.
But for most companies, that’s not enough, said Mark Schiller, an analyst with the research firm.
He pointed out the gap between the average scientist and engineer in a typical company is about $130,000 more than the average employee in that company.
For some companies, the gap is even bigger.
For example, McKinsey said the median salary for a manager is $112,000 in 2018, but the median salaries for other types of employees in a company is $121,000—a gap of more than $400,000 annually.
In addition to the pay gap, there are also other challenges.
There are still fewer positions open than there used to be, said Schiller.
And there’s still a lack of qualified candidates.
That’s why the McKinsey report looked at companies with fewer than 500 employees and compared them to companies with at least 10,000 employees.
In 2018, there were 4,933 U. S. companies with less than 10,099 employees.
The next largest group, at 8,872, had more than 10 million employees.
Companies in the top quartile, at 4,823, had the highest average salary for employees with a bachelor’s degree.
For those with master’s degrees, the average salary was $108,000; the median was $103,000 for those with a doctorate.
For all employees, that average salary jumped to $126,000 per year.
McKenzie Partners, a Boston-based consulting firm, calculated the average salaries for those who held a bachelor of science, master of science or doctorate in engineering.
It found that the average pay for the average engineer was $119,000 and for those earning the highest level of engineering certifications, $132,000 at the bachelor’s level.
McDonald’s had the lowest average salary in the company, with $58,000 median salary, compared to $79-100,200 for the company as a whole.
For all employees with bachelor’s degrees and master’s in engineering, McDonald’s said the average annual salary for those at the company was $94,000 (for those earning a doctorates).
For those earning master’s, the median annual salary was almost $140,000 compared to the median of $88,000 the company reported.
The data shows that engineers are getting paid less than their managers, Schiller said.
“The reality is that managers don’t see what engineers see,” he said.
McMaren’s CEO, Brian Williams, has been making calls to employees who are frustrated by salary gaps, and said he has tried to address them.
He said his company has hired and promoted more women than the industry average.
McGill says it is working with its contractors and partners to help bridge the gap, and is offering an incentive program to help companies fill out their payrolls.
McGuinness said it is also looking into how it can better align with the needs of its suppliers, including more direct payments to suppliers and more collaboration with suppliers on product development.
McNabb, the chief executive of Siemens, said that it has also been working to diversify its supply chain.
Its global supply chain includes a number of suppliers, such as GE, Honeywell, Honeyworks, Procter &