Aerospace Engineering Salary: Top Paying Countries and Companies

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Meridean Overseas

Updated On 05 June 2024 & Read Time 10 minutes

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Aerospace engineering is a field of study centred on the design, development, testing, and production of aircraft, spacecraft, satellites, and missiles. From the Chandrayan space mission to the Mission Over Mars, these areas are highly intriguing and ignite the space race in the world’s top countries.

 

A myriad of students around the globe look forward to enrolling in Aerospace engineering courses, but interested students must study how much this field can pay in the future before exploring how to study it. We will walk you through what this field can offer you in India and other countries. Job prospects for aerospace engineers are estimated to grow around 6% in 2032 from 2025, faster than other occupations average.

 

Thus, let’s take a detailed look at the introduction to aerospace engineering, salaries for aerospace engineers in India and abroad, top-paying countries, specialisation-wise salaries, leading companies, top universities, and much more.

Basic Understanding of Aerospace Engineering

Aerospace engineering revolves mainly around aircraft and spacecraft. It has two more overlapping branches: aeronautical and astronautical engineering. Avionic engineering is also a subfield that deals with the electronics side of aerospace engineering.

 

aerospace-engineering-salary-in-india-vs-abroad

 

Sometimes, people may refer to this field as rocket science. Creating these vehicles involves many different types of engineering and technology, such as aerodynamics (how air moves around the vehicle), propulsion (how the vehicle is powered), avionics (the electronic systems), materials science (the study of materials used in the vehicles), structural analysis (studying how the vehicle's structure will hold up), and manufacturing (the process of making the vehicles).

 

Aerospace engineering combines all these technologies. Because it is so complex and involves many different skills, it is usually executed by teams of engineers who specialise in one of these areas.

 

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What are the factors that influence salaries in aerospace engineering?

 

Knowing what factors influence salaries in aerospace engineering is crucial to understanding its scope in the job market. Although this field of study has diverse roles, you must consider education, experience, location, and industrial demands to acknowledge its scope better.

  • Education and qualifications required

You must have a strong educational foundation to enhance your earning potential. So, you have to get an undergraduate degree in Aerospace Engineering, Mechanical Engineering, or a related discipline. Such courses are typically based on aerodynamics, aircraft design, propulsion systems, and materials science.

  • Experience and skill level

Once you get into a company for job prospects or for internships, your skills and pay increase as your experience and skillset grow. Companies, MNCs, and large firms offer good salary packages to people with higher experience and skillsets. And that’s how you can take on more duties and often contributes to difficult projects. 

  • Geographic location

Aerospace Engineering jobs and their scope also depend on where you are pursuing your education and where you are looking to apply your skills. Some regions have well-established space organisations that can provide numerous job opportunities and competitive salaries. 

 

However, factors such as living expenses, demand for aerospace talent, and industry concentration lead to salary disparities across locations.

 

Also, read: Best 10 High Paying Jobs in the World 

Aerospace Engineer Salary in India vs Abroad

Knowing the earning potential and scope of aerospace engineering is important before pursuing the course.

 

In India, a fresher in aerospace engineering can earn up to INR 3 to 5 lakhs, while in developed countries like the USA, China, UK, or UAE, one can earn much better than here. But before you make up your mind, you must understand that living standards, GDP, and the economy also make differences.

 

Aerospace Engineering Salary in India

Now that you know that the salaries of aerospace engineers in India depend on various factors like work experience, employer, and job location. In addition to their salary compensation, aerospace engineers working in government organisations get other perks and benefits, like transportation allowance and house allowance.

 

The table below shows a range of aerospace engineering salaries in India based on experience:

Experience Level

Aerospace Engineer Salary Per Month

0-2 years

25,000 to 40,000

3-7 years

50,000 to 1,20,000

8+ years

1,20,000 to 2,50,000

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Top Paying Countries for Aerospace Engineers

Discovering the countries where aerospace engineers earn the highest salaries globally is crucial for making educational and career decisions. The table below lists the top-paying countries.

Top Countries

Annual Aerospace Engineering Salary in INR

Switzerland

91,41,186

Aerospace Engineering Salary in USA

76,98,228

Aerospace Engineer Salary in Germany

52,84,604

Israel

54,45,352

Aerospace Engineer Salary Canada

48,00,916

Australia

46,29,109

Aerospace Engineer Salary UK

40,63,363

France

36,04,328

Note: These are the average idea of aerospace engineering salaries, but the aerospace engineering starting salary varies depending on the country you choose to study.

Specialisation-Wise Aerospace Engineering Salary

Before making your career decision, you must also understand that aerospace engineering is a vast field with diverse specialisations. Choosing the right specialisation is also critical for your good earning potential, so it’s a must to get an idea of each of its salaries.

 

Below is a table explaining the salaries of different specialisations in aerospace engineering.

Specialisation

Average Salary Range in India

Average Salary Range in USA

Aerodynamics

₹781,406

$123,500 (1 crore INR)

Propulsion

₹480,000

$96,382 (80 lakhs INR)

Structures

₹544,012

$77,455 (64 lakhs INR)

Avionics

₹878,000

$101,929 (84 lakhs INR)

Materials Science

₹495,000

$95,028 (79 lakhs INR)

According to Payscale, this is just the average aerospace engineer salary range for various specialisations. Employers also offer cash bonuses and other benefits as compensation for their engineers.

 

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Leading Companies Offering Top Salaries

Learned about the specialisations? You must have understood which specialisation has better scope. Well, now the question arises - is that specialisation available in leading companies? And if so, how much are they paying for that course?

 

The information in the table below will give you all your answers, so delve deeper into the high-paying companies with competitive salaries.

Country

Company Name

Annual Range of Aerospace Engineer Salary (USD)

Salary Range (INR)

USA

 

SpaceX

USD 124,000 to USD 197,000

INR 1,026,200 to INR 1,638,100

Lockheed Martin

USD 97,000 to USD 151,000

INR 804,100 to INR 1,258,300

Raytheon Technologies

USD 99,000 to USD 147,000

INR 820,500 to INR 1,223,100

Boeing

USD 96,000 to USD 147,000

INR 796,800 to INR 1,223,100

Northrop Grumman

USD 94,000 to USD 149,000

INR 778,200 to INR 1,240,700

General Dynamics

USD 88,000 to USD 140,000

INR 731,200 to INR 1,162,000

France

Airbus

USD 33,892 to USD 48,105

INR 280,344 to INR 398,488

Germany

Airbus Defence and Space

USD 65,604 to USD 91,845

INR 544,692 to INR 761,479

United Kingdom

BAE Systems

USD 43,506 to USD 53,743

INR 360,800 to INR 445,369

Rolls Royce

USD 46,065 to USD 56,302

INR 381,745 to INR 468,997

Top Universities to Study Aerospace Engineering

Getting a high-paying job also indirectly depends on the university from which you are pursuing your graduation. So, you must understand the top universities for aerospace engineering to get a good salary package in this field of study.

Top Aerospace Universities

Country Name

QS World Ranking 2024

Massachusetts Institute of Technology (MIT)

United States

1

Stanford University

United States

2

Delft University of Technology

Netherlands

3

University of Cambridge

United Kingdom

4

Harvard University

United States

5

ETH Zurich

Switzerland

6

National University of Singapore (NUS)

Singapore

7

University of California, Berkeley (UCB)

United States

7

Politecnico di Milano

Italy

9

University of Oxford

United Kingdom

9

How to Become an Aerospace Engineer?

Understanding top-notch universities for aerospace engineering is only enough if you study how you should prepare and get ready to take admission to these world-class universities.

 

Aerospace engineering universities can give you the best education you should for that field of study, but you must fulfil their admission criteria and have a solid academic background to secure your seats.

 

Maths and Science are important subjects, so you must have Physics, Chemistry, and Mathematics in class 12th.

  • Maintain good scores in 10th and 12th school examinations, especially in PCM.

  • Take the SAT/ ACT exam and achieve good scores to enrol in B.Tech in Aerospace Engineering programs offered by prestigious universities around the world.

  • Obtain a good band score in English proficiency tests (TOEFL, IELTS, and Duolingo).

 

Conclusion

To conclude, aerospace engineering is a field that includes aircraft, spacecraft, satellites, and missiles, with two overlapping branches—aeronautical and astronautical engineering. Understanding its salaries was crucial, as they depend on factors like education, experience, location, and industrial demands.

 

We also briefly reviewed the top-paying countries and companies, along with the specialisations and salaries. We hope we have provided all the information concerning aerospace engineering salary, but if you still need further clarification, contact our expert counsellors at any Meridean Overseas Education Consultants (MOEC) branch.

 

You can also take free online counselling through our website. Our expert education counsellors will provide the best guidance and support for the admission and visa process. For more information or any queries, mail us at application02@meridean.org or call us at our toll-free no. 1800-1230-00011

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FAQs

Question. Which country pays the highest salary to aerospace engineers?

Answer: According to Payscale, Switzerland and the United States of America pay the highest salaries to aerospace engineers, ranging from around 75 lakhs to 90 lakhs per annum. 

 

Question. Which company pays aerospace engineers the most?

Answer: SpaceX and Airbus Defence and Space are some of the companies with the highest pay in aerospace engineering. There are others too, like Lockheed Martin and Raytheon Technologies. 

 

Question. What is the highest salary for an Aerospace Engineer at NASA?

Answer: NASA's highest-paying job is Aerospace Engineer, with the highest salary for aerospace engineer of ₹118.5 lakhs per year. The top 10% of employees make more than ₹176 lakhs annually.

 

Question. What are the top 5 aerospace companies?

Answer: Boeing, Lockheed Martin, Airbus, Northrop Grumman, and GE Aerospace are the top 5 companies in the world that pay the highest salaries to aerospace engineers. 

 

Question. Is Aerospace Engineer on demand?

Answer: According to the Bureau of Labor Statistics, jobs for aerospace engineers is expected to grow 6% between 2024 and 2032, faster than the average for all occupations.

 

Question. Is it hard to study aerospace?

Answer: Yes, aerospace engineering is considered a difficult field of study. Aerodynamics, propulsion, materials science, and structural design are all complicated issues. You will require a solid foundation in mathematics and physics, as well as analytical and problem-solving abilities.

 

Question. Which degree is best for aerospace?

Answer: If you've always been captivated by aeroplanes and rockets and how they seem to soar across the sky so effortlessly, you should pursue a Bachelor's degree in Aerospace Engineering. 

 

Question. How much does it cost to study Aerospace Engineering in the USA?

Answer: Aerospace engineering fees in the United States vary substantially depending on the program and university. Tuition expenses for a bachelor's degree in aerospace engineering range from $27,000 to $65,000 per year. The cost of a master's degree in aerospace engineering ranges from $23,500 to $55,754.

 

Question. Which country is the cheapest for aerospace engineering?

Answer: When compared to other countries, Germany has inexpensive tuition fees for international students who wish to study aerospace engineering. This, combined with the high quality of education, is one of the reasons why students should choose to study in Germany.

 

Question. What is the minimum qualification for aerospace engineering?

Answer: The minimum eligibility criteria for pursuing a Bachelor's in Aerospace Engineering Course include passing or appearing in class 12th with Physics, Chemistry, and Mathematics (PCM) or Physics, Chemistry, and Biology (PCB). One must have taken the SAT/ACT exam to get admission to top-notch universities abroad for aerospace engineering.

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