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What does an Industrial Cost Engineer earn?
Industrial Cost Engineers typically make around £52,900 per year in the UK. They help businesses to make well-informed decisions in regards to costs, pricing, and budgeting. An Industrial Cost Engineer can work in various industries, from advanced manufacturing to healthcare, ensuring projects are within their assigned budget. They also provide financial forecasting models to predict the outcome of certain transactions.
How to earn more as an Industrial Cost Engineer
To become an Industrial Cost Engineer, you will need to gain a degree in industrial engineering, engineering management or a related field. Another option is to take on a degree apprenticeship to qualify for this profession. If you want to earn more as an Industrial Cost Engineer, you could consider specialising in a certain area, such as cost estimation, or move up to managerial level. Alternatively, you could become self-employed and offer consultancy services, or set up your own consultancy business. The most highly-paid Industrial Cost Engineers can make over £100,000 a year.
Min: £26,000.00 Max: £100,000.00
Average Industrial Cost Engineer Salary in UK : £52,851.00
Read about Industrial Cost Engineer salaries, related jobs and salary information across the UK
Industrial Cost Engineer Salary data from the ONS
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Age Group
Recommended Industrial Cost Engineer Jobs in UK
Average Salary for Industrial Cost Engineer compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Industrial Manufacturing Engineer Salary in UK | £20,233.09 |
| Industrial Engineering Technologist Salary in UK | £30,125.31 |
| Industrial Engineering Technician Salary in UK | £35,348.74 |
| Industrial Equipment Engineer Salary in UK | £39,564.40 |
| Industrial Packaging Engineer Salary in UK | £42,032.65 |
| Industrial Maintenance Engineer Salary in UK | £42,661.23 |
| Industrial Automotive Engineer Salary in UK | £44,600.00 |
| Industrial Design Engineer Salary in UK | £44,787.04 |
| Industrial Development Engineer Salary in UK | £45,257.33 |
| Industrial Controls Engineer Salary in UK | £45,532.95 |
| Industrial Engineer Salary in UK | £48,413.81 |
Salary by Region
Compare Industrial Cost Engineer salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £42,671.28 |
| Wales | £45,557.69 |
| Northern Ireland | £30,992.31 |
| East Midlands | £48,127.45 |
| Eastern | £53,431.96 |
| London | £55,002.68 |
| North East | £50,561.68 |
| North West | £52,456.70 |
| South East | £59,710.79 |
| South West | £50,119.44 |
| West Midlands | £45,379.73 |
| Yorkshire and the Humber | £40,712.09 |
Annual Job Ads by Region
Understanding the Average Industrial Cost Engineer Salary in the UK
As an Industrial Cost Engineer in the UK, it is important to have a clear understanding of the average salary in this field. According to average Engineering salaries, the average salary for an Industrial Cost Engineer in the UK is £52,900 per year. This figure can vary depending on factors such as experience, qualifications, and location.
Salary Expectations for Newly Qualified Industrial Cost Engineer
If you are a newly qualified Industrial Cost Engineer, it is essential to have realistic salary expectations. Entry-level positions in this field typically offer a starting salary between £26,000 and £100,000 per year. To explore job opportunities for newly qualified Industrial Cost Engineers in the UK, you can visit the job search page.
Salaries for Experienced Industrial Cost Engineer
Experienced Industrial Cost Engineers in the UK can expect higher salaries compared to their entry-level counterparts. With a few years of experience under your belt, you can earn a salary ranging from £26,000 to £100,000 per year. The exact figure will depend on factors such as your level of expertise, industry, and location.
Creating an Industrial Cost Engineer CV
When applying for Industrial Cost Engineer positions in the UK, having a well-crafted CV is crucial. To help you get started, you can use a CV template specifically designed for Industrial Cost Engineers. This template will guide you in highlighting your skills, qualifications, and experience in the most effective way.
Career Development Opportunities for Industrial Cost Engineer
As an Industrial Cost Engineer in the UK, there are various career development opportunities available to you. To explore these opportunities and gain valuable insights, you can refer to the career advice section. This resource will provide you with information on how to advance your career, acquire new skills, and increase your earning potential.
Comprehensive Compensation for Industrial Cost Engineer
Being an Industrial Cost Engineer in the UK offers more than just a salary. In addition to your base pay, you may be entitled to comprehensive compensation packages that include benefits such as health insurance, retirement plans, and paid time off. These additional perks contribute to your overall financial well-being and job satisfaction.
Strategies for Increasing Your Salary as an Industrial Cost Engineer
If you aspire to increase your salary as an Industrial Cost Engineer in the UK, there are several strategies you can employ. These include continuously updating your skills and knowledge, seeking additional certifications, taking on challenging projects, and demonstrating your value to employers. By consistently improving and showcasing your expertise, you can negotiate for higher salaries and better opportunities.
Professional Development and Earnings
Investing in your professional development as an Industrial Cost Engineer can have a direct impact on your earnings. By attending industry conferences, workshops, and training programs, you can enhance your skills and knowledge, making yourself more valuable to employers. This, in turn, can lead to promotions, salary increases, and greater job satisfaction.
Capitalising on Extra Hours and Duties
As an Industrial Cost Engineer, there may be opportunities to earn additional income by taking on extra hours or duties. Some projects or assignments may require overtime work, which can result in higher pay. By being proactive and willing to take on these responsibilities, you can not only increase your earnings but also demonstrate your dedication and commitment to your role.
