10 Highest Paying Countries for Mechanical Engineers (2024)

Want to work in one of the highest paying countries for mechanical engineers?

Every year millions of engineering graduates are ready to start their professional careers, hoping to score the best salaries in the industry. Engineering is indeed one of the most popular streams and one of the best paying across industries. Among different disciplines engineering graduates pursue, mechanical engineering is definitely one with the brightest prospects, good pay scale and a good amount of stable demand. However, as we study pay scales in different countries for the same role in mechanical engineering, we notice that some countries clearly come across as the best countries for mechanical engineers to work with greater salaries and job satisfaction to offer as compared to others.

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In the US alone, salaries can vary across different states. This has been well enunciated in our article on the 25 Best States for Mechanical Engineers. In the said article we see a good comparison of different states in the US, and how mechanical engineering salaries in the US, annual median wage of and job growth can vary even among those considered the best states for the mechanical engineers. While mechanical engineers find the employment in design, testing, manufacturing, and development of machines, at a later stage there are opportunities to work with the higher management and engage in business development, operations and quality control. The knowledge of latest software greatly increases the prospects in the industry.

Engineers are currently employed in a wide range of industries. Mechanical engineers are today employed in aeronautics, architecture and even computational technology. Top companies to work for include NASA, Google, and Apple. Check out the 10 Top Companies and Best Jobs for Industrial Engineers, for companies offering the best compensation in the related field.

To determine the top 10 countries for mechanical engineering jobs we have referred to Quora and blogs on engineering such as Engineering&Leadershipand caddownload.blogspotand compared salaries of each country on World Salaries, Bureau of Labor Statistics and PayScale. Countries with the highest demand for mechanical engineers include Germany and US, which are also one of the top paying countries in the world. While it is possible to earn an average salary of $84,190 with 5 years of experience in the industry in the US, salaries can go up to as high as $128,430 per annum. Trends also show a positive bent and mechanical engineering salaries in 2017 have increased by a whopping $25000 as compared to mechanical engineering salaries 2016 that stood at a $64,695 per annum. In Germany as well, compensation is quite high in comparison to other parts of the world at $56532 on an average per year but visibly lower than the top 3 highest paying countries on the list. Mechanical engineering salary in Dubai, Japan and other countries with high demand in the domain also do not compare with the highest salaries in the world, so clearly there are other factors like cost of living index, competition and salary levels in the said country that are at play in salary decisions. Graduates, therefore, need to weigh in all their options, relocation costs and opportunities while choosing a country to work in.

So, where do mechanical engineers make the most money? Here are the highest paying countries for mechanical engineers!

10. Spain

Average Median Salary – $41,188

Most engineers find employment in Spain’s booming electricity and energy sector. There’s a good scope for mechanical engineers in the field. Other great fields for mechanical engineers include aeronautics and automotive industry.

9. Belgium

Average Median Salary – $42,667

Mechanical engineers have broad opportunities in the Belgian job market. There are opportunities for employment in biotechnology, energy conservation, and aeronautics, in disciplines related to design, analysis, and manufacturing. Engineering jobs are also one of the most best-paid jobs in the country.

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8. Netherlands

Average Median Salary – $45,121

We are continuing our list of highest paying countries for mechanical engineers withNetherlands, which is like Germany, known for its technology-driven economy and science. Hence, there is a great demand for engineers in general in the country (second highest in the world), and also for mechanical engineers specifically. The high focus on innovation and development of sustainable energy ensures the country attracts good talent with lucrative remunerations.

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7. France

Average Median Salary – $47,511

Employment levels have seen a steady growth in France since 2010 and the current unemployment rate is at 10% which is below the EU average of 11%. Employment scenario is likely to see a further improvement in the coming years, creating better opportunities for mechanical engineers as well.

6. Canada

Average Median Salary – $50,435

Canada has acute demand for fresh engineers with most of its current workforce being around the average age of 55 and nearing retirement. To fill in the bottlenecks, the country employs huge amounts of international candidates who now account for almost 12% of licensed engineers in Canada. Hence, opportunities for mechanical engineers are burgeoning, That’s why this country is also one of the best countries to migrate for mechanical engineers. With numerous social benefits received by employees in the country, along with a high-range salary it is definitely one of the highest paying countries for mechanical engineers.

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5. Sweden

Average Median Salary – $50,435

The 2008 Employment Crisis had been relatively milder in Sweden as opposed to other EU states, and the country has recovered well from it. The growth of employment is expected to take place in sectors related to construction and hence, it should have a positive effect on the employment of mechanical engineers in near future.

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4. Germany

Average Median Salary – $56,532

Germany’s affinity towards high-technology engineering and science is no secret to the world. Currently, the country has the highest amount of employed engineering workers and a great demand for replacement in its existing workforce with around 21% employees being over 55. Hence, good salaries are a given. However, salaries can vary greatly according to locality and size of the company and in a small company, it is likely to go down to €38,000 from the average €44,000.

3. Australia

Average Median Salary – $81,068

As we move into our top 3 on the list of highest paying countries for mechanical engineers, we see a great jump in average salaries. Australian salaries for mechanical engineers hover around a lucrative $80,000 on an average with compensation scales being especially good in Sydney.

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2. USA

Average Median Salary – $84,190

The median wage in the USA for mechanical engineers have experienced a recent jump and currently stand at $84,190. The job outlook seems positive and is expected to grow by a significant 9% in the coming decade.

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1. Switzerland

Average Median Salary – $84,418

The high standard of living in Switzerland is met with high salaries in the country which ensures it is maybe the best country for mechanical engineers to work and live in. Salary levels in Zurich are at par with that of New York and in this case, it’s no wonder that is the number one on our list of 10 highest paying countries for mechanical engineers.

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10 Highest Paying Countries for Mechanical Engineers (2024)

FAQs

Which country pays mechanical engineers the most? ›

United States of America – the U.S. offers mechanical engineers an annual average salary of $80,094.

Which country pays highest salary for engineers? ›

Which country pays software engineers the most?
  • United States. $110,140.
  • Switzerland. $97,518.
  • Israel. $71,559.
  • Denmark. $63,680.
  • Canada. $61,680.
  • Norway. $57,013.
  • Australia. $55,640.
  • United Kingdom. $55,275.
1 Jul 2022

Which country has best job opportunities for mechanical engineers? ›

8 Best Countries for Engineers on the Hunt for Work Abroad
  • Canada. Canada is an infrastructurally sound country with an advanced economy and vast access to natural resources, such as gas and lumber. ...
  • New Zealand. ...
  • India. ...
  • Japan. ...
  • China.
4 Jan 2021

Who is the richest mechanical engineer? ›

Thomas Kwok

He is also the richest engineer in the world with a net worth of $2 billion as of 2022. Kwok was born in Hong Kong in 1954 to a poor family. He started working at a young age to help support his family.

What is the richest engineering job? ›

10 Highest Paying Engineering Jobs
  • Civil Engineer. ...
  • Mechanical Engineer. ...
  • Industrial Engineer. ...
  • Biomedical Engineer. ...
  • Electrical Engineer. ...
  • Chemical Engineer. ...
  • Software Engineer. ...
  • Computer Engineer.
21 Jun 2022

Which engineer earn more money? ›

Computer Science and Engineering

A Computer Science Engineer can earn the highest salary is around ₹37 LPA and more in India. The average salary for Computer Science Engineers is ₹4 LPA. Entry-level pay as fresher the range is ₹3 LPA.

Which company is best for mechanical engineer in world? ›

Best Mechanical Engineering Companies to Work For
  1. NASA. ...
  2. Google. ...
  3. U.S. Department of the Navy. ...
  4. Apple. ...
  5. General Electric (GE) ...
  6. The Boeing Company. ...
  7. Lockheed Martin Corporation. ...
  8. Microsoft.

How can a mechanical engineer get high salary? ›

Top Highest Paying Jobs for Mechanical Engineers
  1. Research and Development. ...
  2. Robotics and Automation. ...
  3. Sales and Marketing. ...
  4. Maintenance. ...
  5. Mechanical Design Engineer. ...
  6. Solar/Renewable Energy. ...
  7. Mechanical System Designer. ...
  8. Cost Estimation/Finance and Management Jobs.

Can a millionaire be a mechanical engineer? ›

Many engineers are also millionaires from collecting royalties on their patented inventions or from selling their businesses. You can become a millionaire by developing entrepreneurship and opening a factory and employing the skills you have learned in your engineering course.

Which engineering is hardest? ›

What Is the Hardest Engineering Major?
Top 3 Hardest Engineering MajorsTop 3 Easiest Engineering Majors
1. Chemical engineering (19.66 hours)1. Industrial engineering (15.68 hours)
2. Aero and astronautical engineering (19.24 hours)2. Computer engineering and technology (16.46 hours)
1 more row

What type of engineer is Elon Musk? ›

Elon Musk has no formal engineering degree, but he clearly is industrial engineer by profession. His approach to business and problem solving is typical industrial engineering approach. His actual degrees (BS in both economics and physics) have good overlap with undergraduate curriculum in IE.

Where is the best country to be an engineer? ›

Best countries for engineering jobs
  • Canada. Canada is a very popular country for engineers because of its robust economy and access to natural resources. ...
  • India. ...
  • China. ...
  • France. ...
  • New Zealand. ...
  • United States.

Which engineer is best for future? ›

15 best engineering jobs for the future
  • Civil engineer.
  • Chemical engineer.
  • Environmental engineer.
  • Biomedical engineer.
  • Safety engineer.
  • Hardware engineers.
  • Aeronautical engineer.
  • Engineering managers.

Which country has demand for engineers? ›

Mechanical Engineers will be in high demand in Canada in 2022.

Which country is best for engineers? ›

Read on to discover our top picks for where you'll find a rewarding engineering career.
  • Canada. Canada is a very popular country for engineers because of its robust economy and access to natural resources. ...
  • India. ...
  • China. ...
  • France. ...
  • New Zealand. ...
  • United States.

Which country job salary is highest? ›

Luxembourg

With a population of 632,000 Luxembourg is one of the world's wealthiest and highest-paying countries. Salaries of workers average about $68,681, which is the highest in the world. The primary industries include banking, finance, steel, mining, telecommunications and tourism.

Who is the No 1 engineer in the world? ›

1. Nikola Tesla. Arguably at the top of the list of greatest engineers is Nikola Tesla.

How can a mechanical engineer earn more money? ›

Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Mechanical Engineer that oversees more junior Mechanical Engineers, this experience can increase the likelihood to earn more.

Which country has most talented engineers? ›

Let's have a look on top 10 countries that produce the most engineers.
...
Countries No. of Engineering Graduates (approx)
Russian Federation454,436
United States237,826
Iran233,695
Japan168,214
South Korea147,858
5 more rows
11 Aug 2022

Which country pays lowest salary? ›

However, other countries have a national rate which often is superseded by state, provincial, cantonal, county and city minimum wage rates.
...
Top 10 Countries in the World with Lowest Salaries in 2022
  • Kyrgyzstan. ...
  • Bangladesh. ...
  • Venezuela. ...
  • Malawi. ...
  • Democratic Republic of the Congo. ...
  • Cuba. ...
  • Guinea Bissau. ...
  • Gambia.
30 Jan 2022

Which country in Europe pays highest salary? ›

Switzerland. The incomes of the Swiss differ enviably from the average European. But the cost of living in the country is also high. The number of working days and overtime work is regulated by law.

Which country has high salary and low cost of living? ›

Like other Middle Eastern countries, Oman is rich in oil and gas that make it a wealthy economy with the highest purchasing power in the list at 57.5 per cent with cost of goods that are comparatively cheaper. If you live in Asuncion, the country's capital, your monthly living expenses will fall to Rs 24,000 a month.

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