How much do aerospace engineers get paid

The type of aerospace engineer position you have may also affect your salary. Your salary may also vary depending on the company that employs you. For the most up-to-date salary information, please click on the links above. However, where they work and the demand in the local market can affect the starting aerospace engineer salary.

To become an aerospace engineer, many employers look for candidates who have gained the following types of work experience:. Some colleges and universities offer internships or cooperative programs for students.

These programs pair you with experienced aerospace engineers to help you gain practical experience while finishing your degree. Taking an internship or co-op also gives you the opportunity to network and acquire professional references. Pursuing an apprenticeship helps you gain valuable experience as an aerospace engineer. Not only will you learn the job's basic requirements, but you will also be able to learn some tricks and tips from someone who knows everything about aerospace engineering.

Several NASA field centers offer apprenticeship programs that last from two months to five years. Related: How Do Apprenticeships Work? Taking a job as a technician will give you valuable experience and help you build connections in the aerospace engineering industry.

You can even work as a technician part time while you are completing your degree. Using Indeed salaries data, here are the top 10 states where aerospace engineers make the most money.

For the most up-to-date salary information, please click on the link above. There are several additional benefits to working as an aerospace engineer, including:. Aerospace engineers are among the first people that get to develop and work with new technologies used on satellites, spacecraft and aircraft.

Both companies are also publicly traded and may offer company stock and perks to their employees compared to government employers. Space Exploration Technologies Corp.

Founder Elon Musk wants to make space transportation more affordable and even claims that the company is trying to help make it possible to colonize Mars. Engineering school can be more expensive than traditional college due to the advanced technology needed for these programs. That being said, the same rules still apply.

High-profile schools typically charge more, and in-state tuition is a more affordable option. Three main factors to look at are student loans, income and type of employer. Refinancing is looking to be the best option for Michael in this scenario. He could go on an income-driven repayment plan like PAYE. The goal would be to pay as little as possible toward his loans and get as much forgiven as possible.

Michael should refinance to lower his interest rate and work to pay off his loans in 10 years or less. The faster he pays back his loans and the lower the interest rate he gets along the way, the significantly lower the cost of loan repayment will be.

PSLF has the best projected savings by far. Both refinancing and PSLF would get him free of student debt in 10 years. The one caveat is that anyone pursuing that career would probably end up making more than the average college graduate but would likely need to take two more years to get the MSAE or one year with an accelerated BS-MSAE.

It is one of the most inexpensive graduate programs, however, especially compared to becoming an attorney, veterinarian or chiropractor, where the average student debt is much higher with average salaries at or below that of an aerospace engineer. These hypothetical case studies offer some straightforward scenarios, but chances are your situation is unique and could require a customized plan.

Some of the questions you might face in coming up with that plan include:. Aerospace engineers can find a clear path to pay back their student loans by getting a custom plan based upon their unique circumstances. Whether you work for a government agency, a large corporation or a startup, we can help you figure out the optimal path in just one hour.

Plus, we include email support after the consultation to continue to answer your questions and help you implement the plan. Learn more about our consultation process here. Also, feel free to email me at [email protected]. Take our 11 question quiz to get a personalized recommendation of whether you should pursue PSLF, IDR forgiveness, or refinancing including the one lender we think could give you the best rate.

He loves helping borrowers as a senior consultant for Student Loan Planner and specializes in making plans for professionals with k to k of household student loan debt. When Rob isn't working on student loans, he helps parents find money in their budget to save, invest and pay back debt even if the cost of raising kids is breaking the bank. Rob has 3 kiddos, enjoys playing basketball, watching superhero movies, and being active in the community.

Privacy Policy - Terms and Conditions - Disclaimer. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on this site.

We do not provide tax or legal advice. This is why we work hard to ensure that our content delivers complete and unbiased information. Read more about our editorial ethics policy. All rates listed represent APR range. Offered terms are subject to change and state law restriction. Compare Explore Aeronautical Engineer openings.

More critical skills and qualifications that pay well Information tooltip for top skills. Top skill Salary. Construction Experience. Systems Engineering. Aviation Experience. Product Lifecycle Management. Show More. Information tooltip for top fields of study. Aerospace Engineering Degree. Most common benefits for Aeronautical Engineers Employee stock ownership plan. Was the benefit information useful? Salary satisfaction. Systems Engineer III. Sierra Space - Louisville , CO.

Bachelor's of Science degree in Aerospace Engineering, Software Engineering, Computer Science, or related discipline and typically 6 or more years of relevant experience. Experience may be considered Sierra Nevada - 23 days ago. What does an Aerospace Engineer do? Be the first to add U. Submit Other Responsibilities. Are you an HR manager or compensation specialist? Learn about. Level of Education. Browse by Education Level.