The salary statistics of mechanical engineers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare mechanical engineer salaries in different industries within the finance and insurance sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $64,360 |
| 25th Percentile Wage | $81,390 |
| 50th Percentile Wage | $103,300 |
| 75th Percentile Wage | $131,390 |
| 90th Percentile Wage | $170,540 |
Table 1 shows the average annual salary for mechanical 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) mechanical engineers is $170,540. The median annual salary (50th percentile) is $103,300. The average annual salary for the bottom 10 percent paid mechanical engineers is $64,360.
The table and chart below show the trend of the median salary of mechanical engineers in the industry sector of finance and insurance from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $103,300 | 1.14% | 4.47% |
| 2017 | $102,120 | 3.37% | - |
| 2016 | $98,680 | 5.70% | - |
| 2015 | $93,060 | 11.81% | - |
| 2014 | $82,070 | -20.24% | - |
| 2012 | $98,680 | - | - |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].