In this article, we will look at the 5 highest paying countries for aerospace engineers. We have also discussed the global aerospace markets and the recent developments in another article. If you are interested in reading about that along with a more extensive list, head straight to the 11 Highest Paying Countries for Aerospace Engineers.
5. Belgium
Average Salary: $96,728
Belgium pays competitive salaries to aerospace engineers owing to significant investments in its defense sector, particularly after Russia’s Ukraine invasion. With pledges to meet NATO’s defence spending targets, Belgium allocated €1.8 billion ($1.95 billion) for military R&D. This increase in military orders has boosted the aeronautical sector, attracting skilled professionals.
Notably, Sonaca and Orizio’s collaboration aims to cater to the Armed Forces’ needs, focusing on projects like F-35 maintenance and helicopter support. Such partnerships not only create jobs but also foster skill development.
4. Canada
Average Salary: $113,151
Canada’s substantial investment in its aerospace sector, particularly evident in flagship programs like the Radarsat series, reflects its strategic focus on space exploration and technology. The huge funding allocation of CDN$1.012 billion over 15 years confims that the country is committed to innovation and advancement in Earth observation. Such investments not only bolster national pride and scientific advancement but also attract top talent to the aerospace industry. High-paying opportunities for aerospace engineers in Canada are a result of the country’s prioritization of space exploration, fostering a thriving ecosystem that rewards expertise and innovation in this critical field.
3. United Kingdom
Average Salary: $119,363
The United Kingdom’s investments in space exploration, exemplified by initiatives like the Enabling Technologies Programme (ETP), contribute to its status as one of the highest paying countries for aerospace engineers. With a strategic focus on innovative projects, such as spacecraft propulsion systems and human spaceflight technologies, the UK fosters a flourishing aerospace sector. This commitment not only promotes space science and technology but also creates high-paying opportunities for aerospace engineers, attracting top talent and driving competitive salaries in the field.
2. United States
Average Salary: $123,458
One of the highest paying countries for aerospace engineers is the United States owing to its longstanding leadership in space exploration. Since the inception of NASA and landmark achievements like the Apollo moon landings, the US has invested largely in aerospace technology. Furthermore, the emergence of private companies like SpaceX has further promoted the sector, providing lucrative opportunities for engineers. With ongoing projects such as the Artemis program and continued innovation in commercial space ventures, the demand for skilled professionals remains high, driving competitive salaries in the aerospace industry. This combination of government initiatives and private sector advancements contributes to the US’s status as a top-paying country for aerospace engineers. We should make note of it though that in the 90th percentile of aerospace engineering skills, the US is the highest paying country in the world.
1. Switzerland
Average Salary: $180,649
Switzerland is the highest paying country for aerospace engineers due to the presence of renowned companies like RUAG Space, Pilatus Aircraft, and Swiss Space Systems that continue to offer competitive salaries and cutting-edge projects. Additionally, academic institutions like ETH Zurich and EPFL provide world-class aerospace engineering programs, fostering a skilled workforce.
Moreover, Switzerland’s reputation for precision engineering, innovation, and a stable economy further attracts top talent.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 15 Highest Paying Countries for Economists and 17 Highest Paying Countries for Pilots.