Electrical Engineer Salary in Sector of Finance and Insurance

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

Average Annual Salary of Electrical Engineers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$66,680
25th Percentile Wage
$83,800
50th Percentile Wage
$104,930
75th Percentile Wage
$146,580
90th Percentile Wage
$202,770

Table 1 shows the average annual salary for electrical 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) electrical engineers is $202,770. The median annual salary (50th percentile) is $104,930. The average annual salary for the bottom 10 percent paid electrical engineers is $66,680.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of electrical engineers in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$104,930
7.34% 10.64%
2016
$97,230
4.01% -
2015
$93,330
-6.56% -
2014
$99,450
-2.39% -
2013
$101,830
7.92% -
2012
$93,770
- -

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

The average salaries of electrical engineers in three 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 electrical engineer occupations is the insurance carriers and related activities industry with an annual salary $110,400. The lowest paying industry is the insurance carriers industry (annual salary $102,990). For detailed electrical engineer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Insurance Carriers and Related Activities
$110,400
Direct Insurance (except Life, Health, and Medical) Carriers
$104,200
Insurance Carriers
$102,990

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




Related:

Highest paying cities for electrical engineers

Highest paying industries for electrical engineers.