2004 Salary Survey
2004 Reader Profile Survey results are in. According to over 2700 respondents,
60% of us think we are paid appropriately at around $92k (average total
compensation presented herein). Managers are making a little less than
last year while the worker bees made about the same. Engineering managers
made the highest pay, while manufacturing/production managers made the
least. The salary gap between women and men is closing as women received
greater raises (in %) than men. IC designers were the highest paid engineers
($97k) while MEMs designers made the least ($84k). Defense electronics
engineers averaged $89k. The Pacific region had the highest compensation
at $106k while NW central and SE Central regions reported $81k. Earnings
peaked for engineers with 35-39 years of experience while those with
1-4 years made $62k. Those with <1 year made $70k, indicating higher
starting salaries. Companies with revenues of $1B-$4.9B paid the highest
while $5M-$9M companies paid $83k. Doctorates received $111k, Masters
$104k, Bachelors $86k, Associates $69k, and, oddly, those with only
a HS diploma made $78k. The peak earning ages are 40-49 years old ($96k),
and 20-29 year-olds made $65k. %95 of us are on a payroll while only
%6 are self-employed. The top job satisfaction factor was the challenge.
Compensation came in 3rd. The average work week consists of 52 hours
(work + home). 36% of companies are hiring and 9% of us are looking
for a new job. Avionics and IC companies are doing the most hiring.
Look for the full report in your mailbox or possibly online soon.