How Much Money Do Biomedical Engineers Make?

How Much Money Do Biomedical Engineers Make? thumbnail
Biomedical engineers design medical equipment, such as machines that take X-rays.

Students who want job security in their careers may want to consider becoming biomedical engineers. The job pays reasonably well and made the top 50 list of jobs for 2011 in "U.S. News and World Report." In that publication, author Ben Baden reports, "No single occupation is expected to have more job growth over the next decade or so." The news magazine predicted biomedical engineering jobs will grow 72 percent by 2018.

  1. Median, Mean Salaries

    • The median salary for biomedical enginners was $37.92 per hour or $78,860 annually as of May 2009, the U.S. Bureau of Labor Statistics Ooccupational Employment Statistics (OES) reported. OES found the mean hourly wage to be $39.69 hourly or $82,550 annually. The OES says the lowest 10 percent of biomedical engineers make $49,480, while the top 10 percent make $123,270 a year.

    Salary by Experience

    • Surprisingly, biomedical engineers with the most experience aren't the highest paid, according to statistics from Payscale.com, which maintains a global salary database on occupations. The salary range for biomedical engineers with 20 or more years of experience ranges from $60,678 to $98,870. But, Payscale reports, the salary range for such engineers with between 10 and 19 years of experience ranges from $62,331 to $103,042. Payscale notes just over half--52 percent--of biomedical engineers have one to four years experience, with a salary range of $45,563 to $65,540. Biomedical engineers just entering the field can expect to earn $42,119 to $61,269, Payscale says.

    Salary by Location

    • Biomedical engineers in the Framingham, Massachusetts, metropolitan area top the salary scale at $103,870 annually, the federal OES says. But California metropolitan areas take the next three places: San Francisco, $101,540; San Jose, $98,810; and Oakland, $97,680. New York City tops Payscale's list of cities at $83,033.

    Salary by Industry

    • OES says biomedical engineers working in management, scientific and technical consulting services earn the most, with salaries topping at $103,020. Second place goes to engineers working in the manufacturing sector, with a top salary of $92,330 annually. Engineers working for equipment and supplies wholesalers hold down third place at $91,540. Payscale figures run about $25,000 to $30,000 a year less for similar industries.

    Biomedical Engineers

    • Biomedical engineers design and develop new medical supplies and equipment. OES says they may develop artificial organs and prosthesis as well as health care management delivery systems. Biomedical engineers with a Bachelor of Science degree in biomedical engineering have a salary range from $54,155 to $58,854, while those with a Master of Science degree in biomedical engineering earn between $55,019 and $67,020, according to Payscale.

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  • Photo Credit x-ray diagnosis image by Keith Frith from Fotolia.com

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