Great Salary and Great Job Stability
Master electrician salary varies by state as well as the level of the individual’s education and experience. The salary of an electrician also depends on their sub-specialty (i.e. inside wireman, outside lineman, telecommunications installer, inside lineman, etc…). Still the employment growth for needed electricians is expected to continue to climb a minimum of 12% by 2018 according to the Bureau of Labor Statistics, which indicates there is great stability in electrician careers.
Of course the amount of education and actual work experience an individual has in the field will greatly influence their salary. However, the Bureau of Labor Statistics asserts that electrical apprentices generally are paid 30-50% of fully trained, certified and licensed electricians. Some sources report electrical engineers making approximately $99,000 per year, whereas electrician helpers can make up to $39,000 and a journeyman electrician can make as much as $78,000 per year. Again, the salaries in the electrician field all depends on the individual’s amount of education, work experience, the sub-specialty they are in, any certification or license they’ve obtained and the state they live in.
The sub-specialty an electrician is working in plays largely into the amount of salary they receive. Among the various work environments those working directly with electrical power generation, transmission and distribution are at the top of the list in pay rates reported by the Bureau of Labor Statistics. However, it’s interesting to note that approximately 79% of employed electricians work in the industry of construction or are self-employed.
The growing need for electricians is influenced by several factors including the economy and the expected retirement of current certified electricians. Job opportunities for electricians are most prominent in areas of the country with rapid and consistent growth. Still, the projected need for more electricians and job growth is consistent throughout the country. It’s been said by the Bureau of Labor Statistics that, “increased job opportunities for electricians in electrical contracting firms should partially offset job losses in other industries”.
Benefits of an Electrician
The previous statement indicates that anyone considering a career change would be making a good choice going into the electrical field since they are projecting job growth in the electrical field. In 2008, the Bureau of Labor Statistics stated that there were approximately 694,900 employed electricians in the United States. Of those, about 9% were self-employed whereas 65% were employed by electrical contracting firms.
Besides the benefits of the electrician’s salary, many other benefits are offered by electrical contractors and firms. Benefits such as insurance, retirement programs, etc… should always be considered when valuing a job as the out of pocket costs for health care and other perks from an employer can quickly reduce a salary if the employer doesn’t offer them as part of a job.
Additionally, many electricians belong to unions that help protect the workers. Among the most popular Unions for electrical workers is The International Brotherhood of Electrical Workers. However, most industries have additional Unions an electrician can join.
The bottom line is that an electrician salary is more than a high paying job. It’s a salary that often has company benefits included such as health insurance and retirement. Additionally, electrician salaries are expected to grow and don’t forget that job stability and projected job growth also factor in.