* Median annual wage: $88,950
* Top 10% annual wage: $138,600
* Bottom 10% annual wage: $54,560
Mechanical Engineer with Bachelor's Degree
* Median annual wage: $79,510
* Top 10% annual wage: $124,260
* Bottom 10% annual wage: $49,320
As you can see, mechanical engineers with a master's degree earn a significantly higher salary than those with only a bachelor's degree. The difference in median annual wage is almost $9,500, and the difference in top 10% annual wage is over $14,300.
There are several reasons why mechanical engineers with a master's degree earn more money. First, a master's degree gives engineers more specialized knowledge and skills, which makes them more valuable to employers. Second, having a master's degree can open up more opportunities for career advancement. Third, engineers with a master's degree often have more experience, which also leads to higher salaries.
If you are interested in a career as a mechanical engineer, it is definitely worth considering getting a master's degree. The extra investment in your education can pay off in the long run with a higher salary and more opportunities for career advancement.