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According to the U.S Bureau of Labor Statistics (BLS), there will be an addition of nearly 140,000 engineering jobs between 2016 and 2026. Civil Engineering constituted about 23% of these jobs following closely are mechanical and industrial engineering contributing to 36% of the anticipated growth. While Software engineers have always been one of the most in demand people, machine learning engineers happen to have the most needed jobs in America in 2023.
Engineers have long been known to have made the most useful and meaningful contributions to the world.
Whatever you have chosen as your specialty, be it mechanical, civil, chemical, electrical, or any other form of engineering, the things you’ll help invent, design, and construct will become the staple diets of our global economy for many years to come.
The increasing international structure of the industry has probed more budding engineers to seek engineering jobs abroad in the hope to advance their careers.
However, in many countries engineers aren’t seen for their true worth and are heavily underpaid, while on the other hand there are also countries that recognize their importance and pay them handsomely.
In this article, we’ll be seeing a list of countries as well as companies that are offering competitive salaries to engineers.
Highest Paying Companies for Engineers
1. Tesla Inc (NASDAQ: TSLA)
Tesla, being one of the world’s most valuable companies, is known to not just pay lucrative salaries for engineers but also training them to contribute to the global economy. Tesla Inc’s US workforce comprises of a staggering 67% of underrepresented groups highlighting their commitment to diversity and inclusion.
Over the past 10 years, tesla has grown and how! They have generated around 127,000 jobs with a 29,000+ increase in employees each year.
Tesla Inc is also one of the biggest green tech companies in the world.
2. Microsoft Corporation (NASDAQ: MFT)
Like Tesla also stands out for the handsome compensation and benefits they provide employees. In 2015, the mean pay across roles was $137,000. One element that makes Microsoft stand out is the opportunity it presents to exert influence resulting in higher employee satisfaction. According to indeed.com the average salary of a senior software engineer at Microsoft is $159,000.
3. Shell Plc (NYSE: SHEL)
Shell has been one of the most profitable companies in the past couple of years. Following its second quarter 2022 record profits of $11.5 billion, Shell Inc gave an 8% bonus to each of its 82,000 employees. Shell Inc is also known to be one of the highest paying companies in the world. A Process Control Engineer at Shell Plc earns around $137,000 according to Glassdoor.
List of Highest Paying Countries for Engineers
According to the recent data of average salaries of engineers for each country from World Salaries, the below list of countries is ranked as the ones paying the highest salaries to engineers. The list is presented in descending order.
Here is a list of the top 10 countries paying the highest salaries to engineers.
1. Switzerland
Average Salary- $141,982
Switzerland is one of those countries that has been known to have a highly stable economy. And as far as jobs are concerned, the country has always had a great focus on infrastructure, giving civil engineers pivotal roles in their fields. It is considered as one of the best countries for civil engineering opportunities offering high salaries. You can easily find opportunities in big cities like Zurich, Geneva, and Basel.
Mechanical engineers are also quite sought after in the country and are paid very well.
2. Denmark
Average Salary- $ 97,812
Denmark is known for its mindful sustainable practices and focus on green solutions which aligns with the global needs. Civil engineers are high in demand in Denmark as they look forward to individuals with skills who can work on impactful projects and contribute to sustainable development.
Another reason why choosing Denmark is a wise choice for engineers is their proficiency in English. This makes it easier for engineers to relocate to the county.
3. United States
Average Salary- $90,000
As one of the biggest economies in the world the US boasts advanced technological landscapes with wide-ranging industries, state-of-the-art research centers offering a ground for engineering excellence. Some of the most in-demand engineers in the USA as per current demand are-
- Mechanical engineer ($96,310)
- Environmental engineer ($96,530)
- Biomedical engineer ($99,550)
- Civil engineer ($89,940)
- Petroleum engineer ($131,800)
The US also has a lot of demand for architects and engineering technicians. With strong demand spanning sectors, competitive salaries, and opportunities to contribute to groundbreaking projects, it’s one of the best countries for engineers to work in.
4. Japan
Average Saary- $76,845
Japan has risen to play a key role in global technology and industry in the past few years. With the third largest economy in the world, it houses some of world’s largest companies with an expansive workforce. Some of the engineering fields that offer well-paying opportunities are-
- Mechanical
- Chemical
- Biomedical
- Electrical
Engineers can expect a whopping salary in main cities like Tokyo, Yokohama, Osaka, Nagoya, and Kyoto.
5. Canada
Average Salary- $67,564
The demand for engineering expertise is robust and is growing at lightning speed in Canada. The projected number of engineers in-demand by 2025 is over 100,000. Canada is on the lookout for professionals in the IT/software fields for roles like
- Software/app developers
- Data analytics
- artificial intelligence
- Cybersecurity
Canada not only has a demand for engineers but is also known to be one of the top paying countries which makes it a desirable location for professionals all over the world.
6. New Zealand
Average Salary- $66,331
New Zealand has been looking at a shortage of skilled engineers for a while now. Owing to this need, the country has been accepting skilled engineers to work for companies. Some of the engineering fields that are looking for skilled engineers in the country are-
- Civil engineering
- Structural engineering
- Geotechnical engineering
- Water resources engineering
- Environmental engineering
- Electrical engineering
- Mechanical engineering
- Materials engineering
- Industrial engineering
- Project manager
These are just some of the most sought-after engineering profiles in New Zealand. If you have the necessary qualifications and experience, then you should have no trouble finding work in this exciting and rewarding field.
7. Italy
Average Salary- $66,109
Italy has been known for its architectural marvel. As far as opportunities for engineering is concerned, structural, civil, and architectural engineering professionals get to work on monumental projects like Messina Strait bridge, which highlights its engineer’s potential to drive innovation, solving complex challenges and shape a sustainable future.
Italy is also one of the highest paying European countries for engineering professionals.
8. Germany
Average salary- $65,000
Germany is an automotive innovation hub. Their constant, staggering development in the automobile industry makes it’ a hot destination for mechanical and electrical engineers to find jobs and advance their careers. Engineering programs in Germany provides individuals with cutting-edge research opportunities and improvise their practical skills. The country’s competitive job market, quality of life and high paying salaries make it a desirable destination for engineering graduates to take up career opportunities in the country.
9. Australia
Average Salary- $64,254
There is critical shortage of engineers in Australia which has posed a great concern for its economic growth and development. Civil Engineers have the highest demand In Australia presently and a mid-level professional in the field is paid around $100,000. Take a look at the list to know some of the other engineering field professionals that are in-demand and their starting salaries paid in the country-
- Software engineer ($57,000)
- Mechanical engineer ($55,000)
- electrical engineer ($75,000)
- Chemical engineer ($57,000)
- Environmental engineer ($62,000)
- Petroleum engineer ($66,000)
- Production/Plant Engineer ($41,200)
- Industrial Engineer ($47,000)
- Transport Engineer ($60,000)
- Aeronautical Engineer ($52,000)
- Quantity Surveyor ($53,000)
- Biomedical Engineer ($51,000)
10. Austria
Average Salary: $61,000
While the choice may come as a surprise to you, Austria is well known for its research opportunities and a rich engineering tradition. At present, Austria is facing a severe shortage of Power engineers and engineers in the field agriculture.
Austria is also known to have a high standard of living that makes it a desirable country for individuals to move to.
Wrapping up
Engineering jobs abroad are becoming increasingly popular, this can be an opportunity to explore a new part of the world, immerse yourself in a new culture, and travel where your skillset is most valued.
Consider our list of countries with the highest salaries for engineers to choose the best for you.
