We asked our readership of manufacturing executives and managers how much they make, and more than 600 answered (thank you!). A look at who got a raise this year, who’s taking a hit, and where the highest-paying jobs are in manufacturing.
According to responses from the 2018 IndustryWeek Salary Survey, the average salary for a manufacturing manager in the past year was $118,500—down about 6% from the previous year. By comparison, wage growth overall for private industry was 2.8% year-over-year at the end of the second quarter of 2018, according to the U.S. Bureau of Labor Statistics.
Still, satisfaction was high, with 69% of respondents saying they were “satisfied” or “very satisfied” with their current job (72% in 2017, 74% in 2015).
At the same time, manufacturing leaders bemoan the lack of skilled workers and the number of positions gone unfilled at their companies. Few are considering apprenticeship programs as a training option.
The Fine Print
We received more than 700 responses to our survey, conducted in spring 2018 online via e-mailed invitations to subscribers. Just over 600 managers, supervisors and executives completed the full questionnaire. Respondents were not compensated but were offered the chance to provide candid comments regarding their salaries, occupations and employers. All responses were anonymous.
By the Numbers
The highest-paid managerial position was vice president of manufacturing, with a salary of $187,100.
The largest companies (over $20 Billion) paid the highest salaries–$136,000, on average.
The medical device industry had the highest average salary, at $142,500. Apparel/textiles saw the biggest decrease in salaries (-29%), and petroleum/coal, the largest increase (22.5%).
Seniority paid off, with those with 26+ years experience earning the highest average salary: $127,500.
Manufacturing managers in the South Central United States earned the highest average salary, at $125,000. The lowest average salaries were in the southwest, at $104,000.