Growth Trends for Related Jobs
Nanotechnology is one of the emerging fields of biomedicine. The Bureau of Labor Statistics notes that many of the job opportunities for in the decade from 2008 to 2018 will be in the nanotechnology field. Salaries for nanotechnology engineers are included in the Bureau of Labor Statistics' salary report for biomedical engineers. These salaries tend to vary by location and employer.
The average salary for nanotechnology and other biomedical engineers was $84,780 per year, as of May 2010, according to the Bureau of Labor Statistics. The bureau indicates that the median salary for engineers in this field was $81,540. Those in the middle 50 percent of the pay scale earned salaries that ranged from $62,070 to $103,570 per year. Those at the top of pay scale earned salaries of $126,990 or higher.
Which industry the nanotechnology or biomedical engineer works in also plays a role in determining how much he is paid. According to the BLS, the largest number of engineers in this field worked for medical equipment and supplies manufacturing companies, earning an average salary of $83,740 per year. However, those working in scientific research and development earned an average of $93,930 per year. The highest paid biomedical engineers worked in the semiconductor and electronic component manufacturing sector and earned an average salary of $111,480.
The geographic location of the job can also affect the nanotechnology engineer's salary. According to the BLS, the highest paying states in which to work as a biomedical engineer include Alaska, California and Minnesota. Those working in Alaska earned an average annual salary of $152,180 in 2010, while those working in California and Minnesota earned salaries of $95,450 and $94,870, respectively. California was also the state with the highest number of engineers in this field. Massachusetts was second and reported average annual salaries of $94,720 per year.
According to the Bureau of Labor Statistics, jobs in the biomedical engineering field should grow at a rate of about 72 percent during the period from 2008 to 2018. This makes biomedical engineering the fastest growing field of engineering. Opportunities in areas like nanotechnology should be plentiful for those who have advanced degrees in biomedical engineering or related fields.
Jared Lewis is a professor of history, philosophy and the humanities. He has taught various courses in these fields since 2001. A former licensed financial adviser, he now works as a writer and has published numerous articles on education and business. He holds a bachelor's degree in history, a master's degree in theology and has completed doctoral work in American history.