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I want to become a Biomedical Engineer in the US after school. I also want to buy my dream car , which is a Tesla Model Y, which is around like 50000 to 60000 dollars . So if the annual income of that profession is like $100000 to $130000 . Would i be able to afford the car. Could you also tell me how much i could be earning a month in the US , if i were to choose to become a Biomedical Engineer

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John’s Answer

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Zane the U.S. Bureau of Labor Statistics has predicted above average job growth of 4% employment growth for biomedical engineers over the 20 years.

BIOMEDICAL ENGINEER EDUCATION & SKILLS

EDUCATION – A bachelor's degree in biomedical engineering is generally the minimum requirement to become a biomedical engineer. Students in a bachelor's degree program in biomedical engineering can choose from among a number of specializations, including biomechanics, bioinstrumentation, cell tissue and bimolecular engineering, or medical optics. Biomedical engineer degrees are available at the bachelor's, master's, and doctoral level to prepare students to design and create medical devices and procedures. Students graduating from these programs have a wide variety of potential careers to choose from.

MATH & SCIENCE SKILLS – At the core of the biomedical engineer's skill set are math and science skills. Much of the work by engineers involves using the principles of math to create designs and using the scientific method to ensure the design is usable in biomedical research or in the treatment of patients. Math and science are important for both design and verification purposes.

RESEARCH SKILLS – Biomedical engineers work in laboratory settings from time to time, involving the development of artificial organs and economic issues related to the development of such technologies. Biomedical engineers need good reading comprehension and writing skills to document their findings.

TECHNOLOGICAL SKILLS – Biomedical engineers need proficiency in computers and other computer technologies. Yo'll also need to have knowledge of computer-aided design software and medical software such as electromyograph analysis software, virtual instrument software, gait analysis software and medical information software. 

BIOMEDICAL ENGINEER JOB DESCRIPTION

BIOMEDICAL ENGINEER I – Designs, develops and provides safety testing, repair, and maintenance of biomedical equipment. Ensures that the biomedical equipment is in compliance with applicable regulatory requirements and quality control standards. Being a Biomedical Engineer I requires a bachelor's degree. Typically reports to a supervisor or manager. The Biomedical Engineer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Biomedical Engineer I typically requires 0-2 years of related experience.

AVERAGE STARTING SALARY FOR A BIOMEDICAL ENGINEER I

The average starting salary for a Biomedical Engineer in the United States is $57,600*, but the range typically falls between $48,012 and $65,004. Salary ranges can vary widely depending on many important factors, including education, certifications and additional skills.

* BIOMEDICAL ENGINEER I ANNUAL GROSS SALARY IS $57,600 or $4,800 PER MONTH

$4,800 – Gross Paycheck Each Month
– $564 – Federal Income Taxes
– $187 – State Income Taxes
– $298 – Social Security Withholdings
– $ 70 – Medicare Withholdings
– $ 48 – State Disability Tax
$3,634 – Net Paycheck Each Month

$3,634 IS YOUR MONTHY BUDGET FOR – Medical Insurance, Housing Payment, Homeowners Insurance, Car Payment, Auto Insurance, Food Costs, Entertainment and Miscellaneous Expenses. Zane you might want to hold off dropping $900 a month on a Tesla Y Series auto loan for awhile.

Hope this was Helpful Zane

John recommends the following next steps:

  • BIOMEDICAL ENGINEER II AVERAGE SALRY – $72,000: 2–4 Years of Experience
  • BIOMEDICAL ENGINEER III AVERAGE SALRY – $84,000: 4–6 Years of Experience
  • BIOMEDICAL ENGINEER IV AVERAGE SALRY – $99,000: 6–8 Years of Experience
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Gary’s Answer

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Hi Zane,

Others have talked numbers. Sure you could buy that car, have a nice house, etc. but that’s not the best reason to chose a profession. There are plenty of professions that will get you to a specific big ticket purchase. I will suggest you need to consider a career that interests you. You will spend more time doing this profession that just about anything else in your life. Yes, it will be hard work and yes, some days you may not like it. But overall, it should be something you are fundamentally interested in at least somewhat,

Many engineering fields (as well as others) pay enough to afford a nice car. Chase down what interests you. Or better yet, check out a couple.

Best of luck. Chase those dreams,
I agree with Gary's approach, rather than focusing right now on the data/numbers. Sure, you want to make a good living and plan for that, however there is an wise saying about pursuing a career in what interests you - the success, money, etc. will follow. Not because of any magic, but because you have passion and are using your talents. Julie Mantey Translate
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Blake’s Answer

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Hey Zane,

With that salary will you be able to "afford" the Tesla, technically yes. However, that is going to take up a size able portion of your check that you could invest in other ventures. I would recommend saving for a few years, and buy a used Tesla. Remember, cars depreciate as soon as they leave the dealership.

Thanks,
Blake
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John’s Answer

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Hey Zane,

It's definitely nice to have monetary goals for your profession, but it shouldn't be the sole desire you choose to pursue something. A career should be much more than the financial benefit it gives you. Rather, you should choose a career that is rewarding and enjoyable for YOU and let the finances come however it may. You can certainly reach your goals as a biomedical engineer, but those goals should be driven by your desire to help one another through creative engineering solutions.

Study hard, think deeply about what you want to be and achieve when you get older, and work towards those goals as hard as you can.

John
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Suddhasattwa’s Answer

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Hi Zana,

The average salary range for Biomedical Engineer in the US is $70k to $120k.
Minnesota, New Jersey, Massachusetts, Arizona, Connecticut are few of the best paying states for your desired profession.

So even you are earning at a range of $5k to $6k a month, all you need to pay is $892 (less than $1k) to own your dream car Tesla Model Y. The EMI for $50k car loan for 60 months at eg Minnesota is only $892.

So good luck and study well.
~Suddho
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Patryk’s Answer

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Hi Zana,

The average salary range for a Biomedical Engineer in the U.S. is $70k to $120k.
Specifically, in New York it is about $99,000.

So if you are earning about $8,000 a month, you would have to pay $892 to own a Tesla Model Y. It depends heavily on where you live and what your expenses will be, but you would have about $7,000 leftover after you pay off the monthly interest expense on your Model Y! It seems very feasible.

Good luck!
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