The remuneration and conditions of service depend on the industry and
its function. Those engineers, who choose to work in the private sector,
could negotiate their terms and conditions with the management themselves.
Most fresh engineers start at Rs 15,000 to Rs 20,000 per month, with allowances.
Those with an additional management degree in addition to engineering
can command salaries of Rs 25,000 to Rs 40,000 per month.
In the US, according to a salary survey by the National Association of
Colleges and Employers, bachelor’s degree candidates in mechanical engineering
received starting offers averaging $48,426 a year, master’s degree candidates
had offers averaging $55,994, and Ph.D. candidates were initially offered
$72,096.
