Engineering Physics and Mechanical Engineering Salary
Because of the limitless employment opportunities for individuals with a background in engineering physics and mechanical engineering, it is virtually impossible to put a capped amount on salary estimations. In an effort to better gage salary ranges, careful consideration needs to be placed on individual factors that can directly affect an individual’s range of potential annual income.
Educational Levels Affect Income Potential
One of the main determining factors of the annual income of an engineering physics and mechanical engineering salary is level of education. As a general rule, the higher the level of education, the greater the salary potential of the individual. For instance, an entry-level petroleum engineer with a bachelor’s degree earns a median income of approximately $97,500 yearly. However, income potential significantly climbs for engineers with a Masters degree or higher. For these graduates, entry-level jobs for the same position climb up to a possible yearly income of approximately $125,000.