The aim of industrial engineering is to create more efficient systems. It is a very important part of optimizing production systems and quality control to find the best alternative solutions for various major industries. Industrial engineers perform cost analysis, time management analysis, and other analyses for different sectors, such as the building sector, technology sector, and more
If you want to work as an industrial engineer, you may want to know what the highest-paying industrial engineering companies are. In this article, you can find the best companies for industrial engineers as well as how much they pay these professionals to optimize complex systems.
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What Is Industrial Engineering?
Industrial engineering is the branch of engineering that deals with product manufacturing processes. It focuses on how to make companies more efficient and how to optimize costs. Industrial engineers develop efficient systems for manufacturing operations and identify and prevent potential costly mistakes.
Industrial engineers use their knowledge of mathematics and physics, as well as design and analysis, to keep track of production processes and the results of process improvements. They are responsible for improving product quality and ensuring worker safety by following laws and regulations. The main goal in industrial engineering is to decrease wastefulness in production processes.
How to Get an Industrial Engineering Job
There are certain steps you should follow to get a job as an industrial engineer. Remember, industrial engineering firms can work with different industries and there are many types of engineering jobs, so you should think carefully about which industry you want to work in as you plan your education and gain technical skills. Learn more about how to work in this field below.
- Earn a bachelor’s degree. The typical level of education that an industrial engineer should have to understand the technical aspects of the field is a bachelor’s degree. You can choose between industrial engineering majors or a similar discipline like mechanical engineering or electrical engineering.
- Get licenses. Obtaining a license is a way to demonstrate your skills in the field. One example for recent graduates looking to prove their extensive knowledge is the Fundamentals of Engineering (FE) exam. If you pass, then you can obtain the Professional Engineer (PE) license.
- Complete an industrial engineering internship. While you are studying for your bachelor’s degree, take the opportunity to apply for an industrial engineer internship. This is an experience that will help you to broaden your knowledge and gain the technical skills you need for your career.
- Get certifications. Getting certifications will help you increase your chances of getting industrial engineering jobs. They give potential employers confidence in your skills and prove you have gone through advanced training.
- Build your technical skills. Always stay up to date with advances in the field with additional training so that you can increase your engineering skills. Technical skills are especially important for industrial engineering.
Top 10 Highest-Paying Industrial Engineering Companies
| Company | Salary for Industrial Engineers |
|---|---|
| Canoo | $162,318 |
| Apple | $136,476 |
| Qualcomm | $101,175 |
| Intel Corporation | $99,673 |
| Micron Technology | $89,737 |
| Johnson Controls | $85,574 |
| Boeing | $85,063 |
| FCA Fiat Chrysler Automobiles | $78,938 |
| Lockheed Martin | $76,374 |
| UPS | $74,851 |
Canoo
Canoo is a US company that manufactures electric vehicles with bold designs. This automotive company plans to sell its first vehicle in 2022 and also start offering rental services. The company hires professionals such as process engineers, mechanical engineers, industrial engineers, and others.
What Does Canoo Pay Its Industrial Engineers?
Cano pays an average annual wage of $162,318 as a base pay to its industrial engineers, as reported by Glassdoor. However, salary amounts range from $109,000 to $213,000 depending on your experience and job description.
Canoo Reviews
Canoo has an average rating of 3.2 on Glassdoor. The company’s reviews point out the good work environment, fast growth, good benefits, and the good salary. However, as with any start-up company, it has faced some difficulties, including a high turnover rate.
Apple
Apple is an American technology company headquartered in Cupertino, California. The company designs and manufactures electronic devices that operate with the software they develop. There are always full-time jobs available at Apple for engineers, designers, marketing specialists, and other professionals to help carry out business operations.
What Does Apple Pay Its Industrial Engineers?
Apple pays an average annual salary of $136,476 to industrial engineers. This is an estimate compiled from 1,282 salaries reported on Glassdoor. Average salaries range from $126,000 to $155,000.
Apple Reviews
Apple has an average rating of 4.2 on Glassdoor. Employees who left reviews say the company offers a very good salary, good benefits, and a good environment. It also offers growth opportunities to its employees. However, a proper work-life balance is a bit difficult to achieve.
Qualcomm
Qualcomm is an American technology company that produces mobile technology chipsets. They are also the makers of the Snapdragon processors. This company is headquartered in San Diego, California, and hires machine learning engineers, software engineers, and industrial engineers.
What Does Qualcomm Pay Its Industrial Engineers?
Qualcomm pays an average salary of $101,175 per year to its industrial engineers as a base salary. Wage estimates are derived from 100 annual wages reported on Glassdoor.
Qualcomm Reviews
Qualcomm has an average employee rating of 4.1 on Glassdoor. According to Qualcomm reviews, this company offers a good salary and benefits as well as a friendly work culture and environment. However, sometimes employees mentioned that they have to work for long hours and don’t have a good work-life balance.
Intel Corporation
Intel Corporation is an American company founded in 1968 that manufactures semiconductor chips. It also develops the x86 series of microprocessors, which are widely used in personal computers. The company hires computer science professionals, electrical engineers, and other engineers.
What Does Intel Corporation Pay Its Industrial Engineers?
Industrial engineers working at Intel Corporation earn an average annual salary of $99,673 as a base salary. They also earn an additional average pay of $8,446 per year in cash bonuses, stock bonuses, and profit-sharing, according to Glassdoor.
Intel Corporation Reviews
Intel Corporation has an average rating of 4.2 on Glassdoor. Intel reviews highlight that in this company the salary and benefits are very good and the work-life balance is solid. However, they also say, as it is a large company, there is some bureaucracy, which slows down the processes.
Micron Technology
Micron Technology is a company that manufactures memory and offers storage solutions for a wide range of applications. It has been in the industry since 1978. The company hires sales engineers, supply chain specialists, and process engineers to handle its technological products.
What Does Micron Technology Pay Its Industrial Engineers?
The industrial engineer salary at Micron Technology is an average of $89,737 per year, according to Glassdoor. In addition, they receive an average additional payment of $5,802 as a cash bonus and stock bonus.
Micron Technology Reviews
Micron Technology has an average rating of 3.8 on Glassdoor. The reviews indicate that this company has a friendly environment, offers a good salary, and has good benefits. However, most of the reviews indicate that there is no work-life balance.
Johnson Controls
Johnson Controls is a company that produces fire, security, and HVAC equipment for buildings to optimize energy efficiency. This is a company that hires sales engineers, business development experts, energy engineers, and others.
What Does Johnson Controls Pay Its Industrial Engineers?
Johnson Controls pays an average annual salary of $85,574 to its industrial engineers, as base pay. This is an estimate of seven salaries posted on Glassdoor. Salary amounts range from $71,000 to $101,000.
Johnson Controls Reviews
Johnson Controls has an average rating of 3.6 on Glassdoor. Reviews of this company indicate that it has a good management team, friendly work environment, offers appealing salaries and benefits. However, reviewers also point out that there is no personal growth. They also say that there is a lot of pressure from upper management.
Boeing
Boeing is a company that creates innovative aerospace products and services. It is an American company that specializes in aerospace products and parts as well as manufacturing semiconductors. This company hires aerospace engineers, design engineers, industrial engineers, and other professionals.
What Does Boeing Pay Its Industrial Engineers?
According to Glassdoor, Boeing pays an average salary of $85,063 per year to its industrial engineers. In addition, it pays employees an additional payment of $3,169 per year in cash bonuses, stock bonuses, and profit-sharing.
Boeing Reviews
Boeing has an average rate of 3.8 on Glassdoor, and their reviews highlight that there is a healthy work-life balance, good benefits, and job security. However, it is also noted that there is a lot of bureaucratic red tape and processes to go through.
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FCA Fiat Chrysler Automobiles
FCA is a manufacturer of automobiles and commercial vehicles, known throughout the automotive sector. This company markets its products and services in more than 150 countries around the world. The company hires design engineers, chemical engineers, electrical engineers, and other professionals.
What Does FCA Fiat Chrysler Automobiles Pay Its Industrial Engineers?
FCA pays an average annual salary of $78,938 to its industrial engineers. It also pays them an additional $3,830 a year in cash bonuses and profit-sharing options, for a total annual salary of $81,319, according to Glassdoor.
FCA Fiat Chrysler Automobiles Reviews
FCA has an average rating of 3.6 on Glassdoor. Reviews point to the company having a good and respectful work environment, fair salaries and benefits, and a culture in which opinions are valued. However, employees also mention that they often have to work long hours.
Lockheed Martin
Lockheed Martin is a US aerospace and military company that was founded in 1995 and headquartered in Bethesda, Maryland. In addition to industrial engineers, this company also hires aeronautical engineers, machine learning engineers, quality engineers, and mechanical design engineers.
What Does Lockheed Martin Pay Its Industrial Engineers?
Lockheed Martin pays an average annual salary of $76,374 to its industrial engineers. It also pays them an additional payment of $2,149 per year, as a cash bonus. The average salary is an estimate from 62 salaries reported on Glassdoor.
Lockheed Martin Reviews
Lockheed Martin has an average rating of 4.1 on Glassdoor. In the reviews, it is highlighted that this company offers a good work-life balance, challenging projects, a nice work environment, and well-integrated teams. However, some reviewers mention that the company needs to improve in terms of innovation and inclusion.
UPS
UPS (United Parcel Service) is an American package delivery service company that was founded in 1907. It is headquartered in Atlanta, Georgia. This company offers its services in more than 200 countries around the world. It hires IT strategists, industrial engineers, and data scientists, among many other professionals.
What Does UPS Pay Its Industrial Engineers?
UPS pays an average salary of $74,851 per year to its industrial engineers. It also pays an additional $5,987 per year in bonuses, according to Glassdoor.
UPS Reviews
UPS has an average rating of 3.5 on Glassdoor. UPS reviews indicate that this company offers competitive salaries and benefits, as well as good growth opportunities. However, they also state that the work is quite hard and employees work long hours.
Why You Should Become an Industrial Engineering in 2023
If you want to help eliminate wastefulness in production processes while earning a lucrative salary, then you should become an industrial engineer. In addition, the 2020 to 2030 employment growth estimate is 14 percent for industrial engineers, according to the US Bureau of Labor Statistics (BLS). This means the field offers good job opportunities now and in the future.
It is also important to mention that BLS also reports the median wage for these professionals is $88,950 per year. Overall, working as an industrial engineer will allow you to join government agencies and some of the top companies in major industries to help them create efficient systems.
Best Companies for Industrial Engineering FAQ
What are the benefits of industrial engineering?
The benefits of industrial engineering include mitigating wastefulness in production processes and building more efficient systems overall. Other benefits include process improvements to supply chain management and communications systems as well as the implementation of strategies to reduce costs of business operations.
Is it worth it to study industrial engineering?
Yes, studying industrial engineering is worth it because engineers are some of the highest-paid professionals in any industry. Engineers can work in large corporations to get the best job benefits, plus this profession has a high employment level. Industrial engineers can work in any industry, as they provide essential services to businesses.
Is industrial engineering a good career?
Yes, industrial engineering is a good career and very useful in any company as it helps to improve the efficiency of production processes for products and services. It also helps to improve the quality of the products offered by a company. It is a career with good employment growth projections for the future.
Where do industrial engineers work?
Industrial engineers can work in many industries including the automobile and aerospace manufacturing industries, as well as the medical and technology industries. They can also work in engineering consulting firms.
