Sector focus: Engineering

engineering sector

Every month we’ll be taking an in-depth look at a particular sector and letting you know how it’s doing. From employment figures and salaries to the latest trends and stories that rocked that industry.

This month we’re focusing on the engineering sector, and just like the IT industry, this sector has grown year-on-year and shows little sign of stopping.

 

Engineering jobs

Unlike other sectors which had to make cut-backs and struggled to create new jobs, the engineering sector has grown by a significant 33% over the past year.

This is shown by an 11% increase in the number of engineering jobs posted on Totaljobs, and a 19% increase in the number of applicants in the last year alone. This increase is the second highest for any single month since the Barometer began in 2009, and explains why unemployment figures among engineers remain so low.

There was also a significant increase between Q4 in 2012 and Q1 of 2013, with a 17% increase in the number of jobs posted, and a 26% increase in job applications. Wales in particular had the biggest increase in the UK for both jobs posted and number of applicants (14% and 20% increase).

And the future continues to look bright for the sector, as engineering companies are predicted to create around 2m jobs over the next ten years in a range of areas.

So what jobs are likely to be in demand? According to Gareth James, head of education at the Institution of Engineering and Technology, “No one knows what engineering will look like in the future. But key areas to watch are computer science, digital arts, games, and special effects.”

 

Engineering salaries

Salaries in the engineering sector are better than most industries whether you’re a recent graduate or in a more senior role.

Engineering technicians in particular have the highest salaries, with an average wage of around £34,000.

But new talent is also rewarded in the engineering sector, and according to a recent report by EngineeringUK, the average starting salary for engineering graduates is around £25,000, which is 15% more than other graduates.

Engineering graduates could have a bright future as well as a high salary, as 85% of engineering graduates go into paid work or further study within 6 months of graduating.

 

Next week, check out part 2 of our sector focus. We’ll be focusing on the news stories that affected the engineering industry and finding out how employers are dealing with a skills shortage.

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