Starting a career as a biomedical engineer offers a rewarding experience. Not only are biomedical engineers in demand, but they can potentially earn high incomes.
According to the Bureau of Labor Statistics, the projected job outlook for biomedical engineering jobs between 2016 and 2026 is seven percent. Data from the Bureau of Labor Statistics also reveals that biomedical engineers in the United States made an average salary of $95,090 per year in May 2018.
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But if you’re considering working as a biomedical engineer in other countries, then it’s worth exploring how much money biomedical engineers make in different locations. Here is what you may expect to make as a biomedical engineer in different parts of the world and the factors that may impact your salary.
Several factors may impact your biomedical engineering salary, including your education and experience. Some of the highest-earning majors in the United States are engineering majors, and most biomedical engineering jobs require a bachelor’s degree.
According to PayScale, biomedical engineers in the United States with less than five years of experience make an average of $62,000 per year. However, U.S.-based biomedical engineers with five to 10 years of experience may make nearly 31 percent more with average earnings between $80,000 to $81,000 per year.
On the other hand, biomedical engineers in Australia who have between five and ten years of experience make an average of $79,000 AUD ($56,008 USD). That figure amounts to an estimated 27-percent increase from the average annual salary of biomedical engineers in Australia who have less than five years experience ($62,000 AUD/$43,956 USD).
You may also see variances in salaries in biomedical engineering jobs based on the industry you work in or the organization that employees you. According to the American Institute for Medical and Biological Engineering, some of the highest-paid biomedical engineering jobs in the United States are in research and development ($102,590) and pharmaceuticals ($98,610). PayScale also highlights some of the top-paying organizations for biomedical engineers in the United States include Medtronic, Inc., Boston Scientific Corporation, and Fresenius Medical Care Holdings where engineers can make between $52,000 and $116,000 on average.
The location you work may also impact your biomedical engineering salary.
For instance, Indeed reports that biomedical engineers in the United States make an average of $75,493 per year. However, biomedical engineers working in the United Kingdom (U.K.) make an average of £30,115 per year or about $39,106 annually. Specific locations within the country may pay higher, too. For instance, New Jersey, Arizona, and Minnesota pay some of the highest salaries for biomedical engineers in the United States, according to U.S. News & World Report.
Entry-level salaries for biomedical engineering jobs can vary depending on the source and where you live. For instance, ZipRecruiter notes that biomedical engineers in the United States make an average starting salary of $59,482 per year. However, PayScale reports that U.S.-based biomedical engineers starting their careers make an average salary of $51,468 per year.
The annual earnings that biomedical engineering roles bring in vary among sources and location. Data from ZipRecruiter reveals that biomedical engineers in the United States make an average of $95,868 per year with some biomedical engineers making as much as $203,500. PayScale also reports that the average annual salary for biomedical engineers in the United States is $64,377. But according to PayScale, the average biomedical engineer in Australia makes $63,995 AUD or about $45,595 USD.
Biomedical engineering salaries can vary significantly when you compare salaries country by country. But it’s worth taking a look at how much you may potentially make if you choose to work in one country versus another.
Here is what you may expect when working as a biomedical engineer in different parts of the world, according to the Economic Research Institute (ERI):
Organizations need biomedical engineers all over the world. But if you’re considering moving abroad to pursue a career as a biomedical engineer, then it’s worth comparing biomedical engineering salaries from around the world.
By exploring how much money biomedical engineers make in different parts of the world, you can get a better idea of what to expect when you start your career in biomedical engineering in that country.
It also helps you make strategic decisions, to perhaps move to another country for a few years so that you can make more money and lay the right foundation for your short-term and long-term career development and growth.
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