How much do marine engineers currently earn
Engineers all over the world: spoiled, asked, driven away
In Germany, engineers are among the most sought-after academics. Unemployment is low, incomes handsome, social prestige high. But not everywhere they are among the cuddly children of the economy - a little trip around the world.
Different countries, different salaries.
Japanese companies have been complaining about a shortage of skilled workers for years. According to the Tokyo government, the country is currently short of over 500,000 engineers. Main reason: The number of engineering students is constantly falling. Many young people today prefer aesthetic subjects to scientific and technical disciplines. Despite the 2.1 million engineers working in Japan, there is a huge gap between supply and demand. More and more companies are therefore looking for experts abroad.
They offer training programs to attract interested parties from neighboring Asian countries, but also from the USA and Europe, to Nippon. The career prospects for engineering graduates are therefore splendid. The average annual starting salary is now around € 41,000. Japanese peculiarity: The gross annual salary includes bonus payments of up to five monthly salaries, which are usually paid in June and December.
For the 6.3 million engineers in the land of unlimited possibilities, the trees are not currently growing into the sky: Their unemployment rate is 5.4%, which is almost twice as high as in Germany. It looks even worse for young professionals. Currently, 6.6% of them are unemployed. Small consolation: Those who get hold of one of the rare jobs as a graduate will be rewarded in a comparatively princely manner. The average starting salary is over $ 62,000. Because of the weak common currency, this is currently around € 59,000.
The 470,000 Spanish engineers also suffered from the deep recession that hit the country after the financial crisis. Unemployment is currently still around 11%. The numbers fluctuate depending on the degree: Telecommunications engineers come to a rate of 7.6%. For civil engineers, however, the corresponding value is 13.5%. No wonder that one in ten Spanish engineers is already working abroad. This is certainly also due to the modest salary that young engineers have to be satisfied with: their gross annual salary is between € 20,000 and € 35,000 - however, the top earnings are only achieved by those who have graduated with a first grade who are hired by a large company.
On average for all industries and qualifications, Spanish career starters come to € 23,000. Nevertheless, the run on the engineering faculties is still great, after all, some other academics are even worse off. Last year around 280,000 young Spaniards studied engineering, a fifth of the entire student body.
The engineering job market in Italy, which has also been battling a persistent economic downturn for years, looks even worse than in Spain. Most recently, one year after graduation, only 84% of engineering graduates were employed; three years after graduation, the figure was 95%. The average starting salary for engineers is around € 17,000 p.a., a little more than a third of what young German engineers can expect. Italy has a total of around 650,000 engineers.
There are over 750,000 engineers in France. Around 110,000 young people are currently enrolled for engineering degrees, around 45,000 of them at private institutes. 79% of the graduates of the elite universities “grandes écoles” find work less than two months after completing their studies. 79% of them even get a permanent contract - a remarkably high figure by French standards.
Industry is still the biggest employer. Engineers are mainly employed in aviation, shipping, railways and information technology. Other large employers are consulting firms, construction companies and energy companies. A young engineer can expect an average starting salary of around € 40,000 per year. Good news: The proportion of women in the professional group is high in France. For those under 30, it is an impressive 26%.
Engineers are in demand in Belgium. There are too few graduates, especially in the areas of IT, the environment and high technology. The starting salary is above the European average. The companies usually pay just under 14 salaries. The average annual gross salary is around € 38,000. Because the demand is high, Belgium is also recruiting engineers outside of Europe, for example in India. There are currently around 55,000 engineers from all disciplines working in French-speaking Belgium. In 2014, almost 1,400 engineers graduated with a master's degree in Wallonia. Corresponding figures for Flanders are currently not available.
When it comes to engineers on the island, there is utter confusion: Many trained technicians, such as electricians, locksmiths and plumbing specialists are called "engineers". The qualified engineer stands out from them with a “CENG” on the business card, which stands for “Chartered Engineer”. The number of “real” engineers working in the British Isles today is estimated at around 1 million. But it should have been more by now. There is a serious shortage of engineers in the UK.
Main reason: Not only industrial companies, but also banks and insurance companies, which dominate the economy especially in the greater London area, are desperately looking for engineers.
The island has therefore been a magnet for skilled workers from abroad for years - especially from Eastern European EU countries. This is unlikely to change in the short term. Of the 2.3 million students in the country, only around 150,000 are enrolled in engineering faculties, with half of them coming from abroad. By way of comparison: in Germany there are more than 500,000 engineering students with almost the same number of university students. The starting salaries of British engineers vary from subject to subject and depending on the particular course of study. The average starting salary is the equivalent of € 42,000. This makes it one of the highest in Europe.
The job market for engineers in Sweden is good. The unemployment rate is a maximum of 1.5%. The future of around 170,000 Swedish engineers also looks bright, the employment offices assure: They expect that as many engineers will leave the university by 2019 as will be demanded by the economy. However, there are fewer jobs than applicants in rural areas apart from the metropolitan regions of Stockholm, Gothenburg and Malmö.
The sun does not shine evenly over all specialist areas: IT, construction and electrical engineers are consistently in high demand. Chemical engineers, on the other hand, have to search significantly longer to find a suitable position. The average annual starting salary for an engineer was around € 37,000 last year. Interesting: According to the Swedish Engineers' Association, women starting their careers earn around € 1,100 less than their male colleagues each year.
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