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Engineer Salary in Sector of Finance and Insurance

The salary statistics of engineers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare engineer salaries in different industries within the finance and insurance sector.

Average Annual Salary of Engineers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$61,240
25th Percentile Wage
$77,640
50th Percentile Wage
$99,020
75th Percentile Wage
$124,440
90th Percentile Wage
$153,990

Table 1 shows the average annual salary for engineers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) engineers is $153,990. The median annual salary (50th percentile) is $99,020. The average annual salary for the bottom 10 percent paid engineers is $61,240.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of engineers in the industry sector of finance and insurance from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201699,0201.85%6.18%
201597,1903.57%-
201493,7200.74%-
201393,0300.14%-
201292,900--

Compare Engineer Salary in Different Industries within the Finance and Insurance Sector

The average salaries of engineers in 13 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for engineer occupations is the securities and commodity contracts intermediation and brokerage industry with an annual salary $113,930. The lowest paying industry is the depository credit intermediation industry (annual salary $83,630). For detailed engineer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities and Commodity Contracts Intermediation and Brokerage
$113,930
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$104,320
Direct Insurance (except Life, Health, and Medical) Carriers
$102,750
Other Financial Investment Activities
$102,230
Insurance Carriers
$100,810
Other Insurance Related Activities
$99,640
Insurance Carriers and Related Activities
$99,420
Agencies, Brokerages, and Other Insurance Related Activities
$97,170
Other Nondepository Credit Intermediation
$97,090
Insurance Agencies and Brokerages
$96,630
Credit Intermediation and Related Activities
$93,040
Nondepository Credit Intermediation
$92,400
Depository Credit Intermediation
$83,630

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 [1].




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Highest paying industries for engineers.