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IEEE-USA
Salary Survey Shows
Strong Income Growth
Overall, Pay is Way
Up, but
Some Younger Professionals Still Lag
WASHINGTON, May 18, 1999 -- Primary
incomes of electrical and electronic engineers are up 13.9 percent since 1997, according
to the IEEE-USA SALARY AND FRINGE BENEFIT SURVEY, 1999-2000 edition. "This confirms
what our members have been telling us all along," IEEE-USA Survey Committe Chair
Robert Nash said. "The overall picture is good, reflecting the critical role
experienced engineers play in sustaining these good economic times. But there are some
groups falling behind."
According to IEEE-USAšs definitive biannual survey,
the January 1999 median primary income from base salaries, self-employment, commissions
and bonuses for IEEE members in the U.S. was $82,000, a substantial increase from the
comparable 1997 figure of $72,000. This pace exceeds inflation by more than 10 percent,
and the gains for the most flexible and entrepreneurial engineers -- the full-time
self-employed -- are even better: an average 19.4 percent increase over two years.
"Encouraging as these statistics are, they are
partially offset by a continuing lag for those who entered the workforce in the early
1990s," explained Nash. "While recent graduates and the most experienced are
doing better than ever, those with two to six years experience are well below where they
should be. The salaries which younger individuals make earlier in their career are a key
incentive for attracting talented, future-oriented people into professional engineering --
and those incentives are not keeping pace."
"IEEE-USA has continued to refine the Salary
Survey to make it even more helpful to mid-career and entry-level engineers who are
considering their options," Nash said. "We think they will find the 1999
Survey's details about pay distinctions extremely useful." The 1999 Survey includes
an upgraded regression model for calculating income estimates for thousands of
combinations of skills, experience, levels of responsibility, degrees, speciality, type of
employer, and other factors, including new details on computer hardware and
software and network administration. This model provides the basis for the Salary Survey's
upcoming companion volume, SALARY BENCHMARKS: A PERSONAL WORKBOOK, which provides for
ranges of pay to allow engineers to consider personal circumstances for their career
planning, including the possible effects location will have for 17 major metropolitan
areas, as well as other parts of each U.S. region.
THE IEEE-USA SALARY & FRINGE BENEFIT SURVEY,
1999-2000 Edition, can be obtained by calling 1-800-678-IEEE and asking for product no.
UH2981. The cost is $74.95 for members and $149.95 for nonmembers. For more
information on the survey, see http://www.ieeeusa.org/CATALOG/99salary.html.
IEEE-USA promotes the careers and public-policy
interests of the 225,000 U.S. members of The Institute of Electrical and Electronics
Engineers Inc., the world's largest technical professional society.
NOTE TO JOURNALISTS: For a complimentary copy of the
IEEE-USA SALARY SURVEY, please contact Bernice Evans at b.s.evans@ieee.org or 202-785-0017, ext. 310.
The Institute
of Electrical and Electronics Engineers, Inc.--United States of America
2001 L Street, N.W., Suite 700
Washington, DC 20036-5104
Phone: 202-785-0017, Fax: 202-785-0835.
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Last Updated: May 6,
1999
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