For the second 12 months in a row, inflation outpaced progress in U.S. engineering salaries, in accordance with the IEEE-USA 2023 Wage and Advantages Survey. That’s the primary multiyear dip in actual revenue for the reason that 2000s.

In present {dollars}, the median revenue of U.S. engineers and different tech professionals who have been IEEE members grew six % from $160,097 in 2021 to $169,000 in 2022, excluding extra time pay, revenue sharing, and different supplemental earnings, the just-released report indicated. However with inflation taking off in the course of the survey interval, common salaries in actual (2022) {dollars} dropped $3585, after a drop of $3723 the earlier 12 months. To calculate the median, IEEE-USA solely thought-about respondents who have been tech professionals working full-time of their main space of technical competence, a pattern of 3992 folks for the newest survey.

Who’s the standard IEEE member? He (and I exploit that pronoun deliberately) is 50-year-old white male with 25 years of labor expertise who supervises a minimum of one particular person. IEEE’s demographics truly hit a milestone this 12 months: it’s the primary time since IEEE-USA started accumulating this information in 1972 that ladies made up greater than 10 % of the respondents.

Ladies nibble at gender hole whereas ethnic gaps improve

The gender hole in pay, which has lengthy been obvious when IEEE-USA conducts wage surveys, shrunk by $7100 in 2022, although males nonetheless considerably out earn ladies by a median $26,800. In the meantime, the hole in earnings between non-Hispanic white and non-Hispanic African-American tech professionals grew by $7000 to $21,500, whereas Asian and Pacific Islander respondents got here out on prime for the second time within the survey’s historical past.

What fields of engineering are most profitable? After getting knocked out of the primary spot for 2021 by stable state and different circuits engineering, client electronics got here roaring again for 2022, with a median wage of $230,217. Salaries for these working with solid-state circuits slipped barely, whereas these for professionals concerned in different circuits and units took a giant hit.

Pacific area extends lead

Regardless of the reviews of tech staff fleeing the San Francisco Bay space, the Pacific area prolonged its lead over New England for highest median tech salaries. Actually, salaries for New England and for the West South Central area, which incorporates Texas, slipped barely.

Extra engineers are happy with their jobs—and salaries

After a giant dip in reported job satisfaction in 2021, engineers surveyed by IEEE-USA are feeling higher about their jobs—and their salaries—once more, however this satisfaction index has but to climb again to the extent it reached in 2019 and 2020 within the coronary heart of the pandemic.

IEEE-USA gives its full report for buy right here.