The Engineering Council’s latest biennial Survey of Professional Engineers and Technicians reveals that chartered engineers’ average pay has increased over two years by 12.6% to just over £40,000 per annum, a real-terms rise of 7.9%, a shade higher than the increase in pay among incorporated engineers of 11.7% (7% in real terms).
Engineering technicians gained the most ground, with average earnings up 18.4%, or 13.7% in real terms.
The survey shows that engineers are becoming slightly higher qualified than in 1995. The numbers of engineers with an MEng qualification rose while the numbers of non-graduates in engineering has fallen by two percentage points over the past two years.
Engineers are also becoming an increasingly important presence in management.
This year’s survey shows that 26.1% of registered engineers are working in general management or above in their companies, compared with 23.5% two years ago.
This could mean that nearly 20,000 engineers are on the boards of their companies, while a further 30,000 are engaged in general management as their main type of work.