Like most careers, the range in pay for mechanical engineers varies widely. Your pay will be determined by your level of education and experience.
But other factors will also play a role. These include location and the type of employment you seek. Typically, mechanical engineers in government or private sectors earn the most.
The average salary for an engineer was reported at just slightly over $65,000 in 2002. The top 10% of all engineers earned more than $90,000.
Mechanical engineers out of college typically earn a starting salary of $40,000+. This is in comparison to the typical starting salary of $32,000 for the liberal arts major just out of college. Mechanical engineers usually start out at a higher salary than business majors as well.
Remember, these are just estimates. Your salary will depend on a number of factors as well as the current state of the economy.