The ACEC Research Institute released the first-ever industry profile of the Engineering and Architectural Services sector. This landmark study measured the significant contribution engineering makes to good-paying jobs and overall economic activity. Specifically, the Engineering and Architectural Services sector directly employs more than 1.5 million Americans and supports an additional 3 million indirect jobs—that makes up 3 percent of all U.S. jobs—and drives $386 billion in annual revenue. Additional key findings include:
- The engineering and architectural services sector pays an average annual salary of $88,000, far exceeding the national average of $60,300.
- The engineering services sector was significantly larger than the architectural services sector last year, with engineering services comprising about two-thirds of the jobs.
- California, Texas, Florida, Michigan, and New York comprise more than 40 percent of total U.S. engineering and architectural services industry employment.
- Engineering and architectural service activity generates nearly $45 billion worth of tax revenue for various local, state, and federal government agencies – more per company and employee than most other U.S. sectors.
“We are very pleased to launch the Engineering Industry Profile,” said ACEC Research Institute Chair John Carrato of Alfred Benesch and Company. It provides the most comprehensive look at our industry within the context of the larger engineering and architectural industry. This is the first in a series of three studies that will tell the story of our industry, beginning by showing the full view of the size, growth, and composition of the engineering and architectural services sector. Our next study will focus on the economic contributions our industry has made to the U.S. economy, and the final study will be a five-year industry forecast.
The ACEC Research Institute will conduct a public education campaign on the importance of the industry in the following days. The full report, 2020 Engineering Industry Profile, is available for download by clicking here or by clicking on the graphic included in this article.