If you wonder if your compensation is competitive, Electronic Design magazine has published its annual 2020 Engineering Salaries report.
Median compensation for engineers in 2020 was in the range between $100,000 and $125,000 (21%).
37% was making $125,000 and over.
2% was making less than $30,000 (I can't imagine an engineer would accept such a position).
36% did not get any raise in 2020, and 26% got just 1-3% raise. At the same time 22% actually got some paycut, likely because of business decline due to covid-19.
Hopefully, next year will better, especially because he vaccine is already in the pipeline.
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