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Aerospace Engineer Average Salary in Toronto 2024

How much money does a person working as Aerospace Engineer make in Toronto?


Average Yearly Salary
176,000 CAD
( 14,700 CAD monthly)

LOW
82,700
CAD
AVERAGE
176,000
CAD
HIGH
278,000
CAD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Aerospace Engineer in Toronto typically earns around 176,000 CAD. Salaries range from 82,700 CAD (lowest) to 278,000 CAD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Aerospace Engineer salaries in Toronto vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Aerospace Engineer Pay Scale and Salaries in Toronto

Median and salary distribution Toronto Aerospace Engineer yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
166,000 CAD or more
10% of people earn
146,000 to 166,000 CAD
20% of people earn
101,000 CAD or less
65% of people earn
101,000 to 146,000 CAD
Minimum Salary
82,700 CAD
Median
167,000 CAD
Maximum
278,000 CAD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Aerospace Engineer in Toronto range from 82,700 CAD (starting salary) to 278,000 CAD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 167,000 CAD, half of the professionals who work as Aerospace Engineer in Toronto earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Aerospace Engineer in Toronto earn less than 135,000 CAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 192,000 CAD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Aerospace Engineer in Toronto compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 101,000 CAD to 146,000 CAD. About 20% of salaries are below the 101,000 CAD mark, while 10% fall within the range of 146,000 CAD to 166,000 CAD. Only 5% of individuals have salaries exceeding 166,000 CAD.

Salary Comparison by Years of Experience / Aerospace Engineer / Toronto

How do experience and age affect pay?

0 - 2 Years
95,400 CAD
2 - 5 Years+38%
132,000 CAD
5 - 10 Years+42%
187,000 CAD
10 - 15 Years+22%
228,000 CAD
15 - 20 Years+6%
241,000 CAD
20+ Years+9%
263,000 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Toronto Aerospace Engineer
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Aerospace Engineer and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 95,400 CAD.

While someone with an experience level between two and five years is expected to earn 132,000 CAD, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 187,000 CAD, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 228,000 CAD, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 241,000 CAD, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 263,000 CAD, 9% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Aerospace Engineer / Toronto

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Aerospace Engineer.

Bachelor's Degree
132,000 CAD
Master's Degree+83%
241,000 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Toronto Aerospace Engineer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Aerospace Engineer in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 132,000 CAD.


Level 2: Master's Degree

At this level, the average salary becomes 241,000 CAD, 83% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Canada costs anywhere from 50,000 CAD to 150,000 CAD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Aerospace Engineer / Toronto

Salary comparison by gender Canada Aerospace Engineer yearly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Aerospace Engineer in Canada, the average difference between the salary of male and female employees is 4%.

Male
158,000 CAD
Female-4%
151,000 CAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Canada for all Careers

Salary comparison by gender yearly Canada
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Average Annual Salary Increment Percentage / Aerospace Engineer / Toronto

How much are annual salary increments in Toronto for individuals working as Aerospace Engineer? How often do employees get salary raises?

Individuals working as Aerospace Engineer in Canada are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Canada Aerospace Engineer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Canada / All Professions

Annual Salary Increment Rate Canada
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Canada is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Aerospace Engineer / Canada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Canada Aerospace Engineer
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Aerospace Engineer / Toronto


85 CAD per hour

The average hourly wage (pay per hour) for individuals working as Aerospace Engineer in Toronto is 85 CAD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Aerospace Engineer in Toronto is 40 CAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Airlines / Aviation / Aerospace / Defense-100%
Aeronautical Engineer144,000 CAD-18%
Aerospace Engineer176,000 CAD-0%
Aerospace Technician124,000 CAD-30%
Air Crew Member85,200 CAD-52%
Air Crew Officer87,500 CAD-50%
Air Traffic Assistant77,100 CAD-56%
Air Traffic Controller145,000 CAD-18%
Air Traffic Management Automation Engineer156,000 CAD-11%
Aircraft 3D Printing Technician129,000 CAD-27%
Aircraft Assembler66,300 CAD-62%
Aircraft Body Repairer62,200 CAD-65%
Aircraft Cabin Interior Designer146,000 CAD-17%
Aircraft Captain212,000 CAD+20%
Aircraft Cybersecurity Specialist155,000 CAD-12%
Aircraft Electrician70,500 CAD-60%
Aircraft Electronics Techician75,500 CAD-57%
Aircraft Engineer132,000 CAD-25%
Aircraft Fueler62,600 CAD-64%
Aircraft Maintenance Engineer130,000 CAD-26%
Aircraft Maintenance Manager209,000 CAD+19%
Aircraft Maintenance Supervisor145,000 CAD-18%
Aircraft Maintenance Technician65,400 CAD-63%
Aircraft Mechanic68,900 CAD-61%
Aircraft Pilot238,000 CAD+35%
Aircraft Pneudraulics Repairer67,600 CAD-62%
Aircraft Quality Assurance175,000 CAD-1%
Aircraft Rigging Assembler68,700 CAD-61%
Aircraft Service Technician62,000 CAD-65%
Airfield Management Specialist211,000 CAD+20%
Airfield Operations Specialist153,000 CAD-13%
Airline Augmented Reality Developer124,000 CAD-30%
Airline Cabin Crew139,000 CAD-21%
Airline Copilot141,000 CAD-20%
Airline Customer Experience Designer140,000 CAD-20%
Airline Data Analyst141,000 CAD-20%
Airline Pilot230,000 CAD+31%
Airlines Sales Director275,000 CAD+56%
Airlines Sales Manager233,000 CAD+32%
Airlines Structural Assembler60,700 CAD-66%
Airport Services Agent87,100 CAD-51%
Airport Services Manager279,000 CAD+58%
Airport Services Supervisor154,000 CAD-13%
Airport Sustainability Manager177,000 CAD+1%
Assistant Aircraft Mechanic56,500 CAD-68%
Autonomous Air Taxi Coordinator84,000 CAD-52%
Aviation Analyst180,000 CAD+2%
Aviation Biofuel Specialist139,000 CAD-21%
Aviation Engineer143,000 CAD-19%
Aviation Inspector147,000 CAD-16%
Aviation Manager268,000 CAD+52%
Aviation Operations Controller145,000 CAD-18%
Aviation Resources Manager240,000 CAD+36%
Aviation Safety Assistant76,700 CAD-56%
Aviation Safety Manager248,000 CAD+41%
Aviation Safety Officer141,000 CAD-20%
Aviation Security Specialist162,000 CAD-8%
Aviation Sustainability Consultant190,000 CAD+8%
Aviation Technician65,000 CAD-63%
Aviation Training Specialist143,000 CAD-19%
Cargo and Freight Agent58,100 CAD-67%
Cargo Executive121,000 CAD-31%
Chief Pilot248,000 CAD+41%
Drone Compliance Officer133,000 CAD-24%
Drone Delivery Specialist125,000 CAD-29%
Drone Emergency Response Coordinator111,000 CAD-37%
Drone Engineer115,000 CAD-35%
Drone Event Coordinator113,000 CAD-36%
Drone Fleet Manager140,000 CAD-20%
Drone Geospatial Analyst137,000 CAD-22%
Drone Infrastructure Engineer139,000 CAD-21%
Drone Inspection Specialist127,000 CAD-28%
Drone Inspector119,000 CAD-32%
Drone Insurance Underwriter97,300 CAD-45%
Drone Light Show Choreographer114,000 CAD-35%
Drone Operator / Pilot87,400 CAD-50%
Drone Payload Specialist104,000 CAD-41%
Drone Pilot Instructor116,000 CAD-34%
Drone Security Specialist126,000 CAD-28%
Drone Software Engineer113,000 CAD-36%
Drone Surveyor101,000 CAD-43%
Drone Technician80,000 CAD-55%
Drone Traffic Controller89,800 CAD-49%
Drone Traffic Management Specialist126,000 CAD-28%
Drone Traffic Safety Engineer116,000 CAD-34%
Drone Videographer107,000 CAD-39%
First Officer96,800 CAD-45%
Fleet Controller216,000 CAD+23%
Fleet Management Officer93,800 CAD-47%
Flight Attendant91,100 CAD-48%
Flight Planner126,000 CAD-28%
Flight Scheduler106,000 CAD-40%
Flight Simulation Engineer121,000 CAD-31%
Freight and Cargo Inspector94,500 CAD-46%
Helicopter Pilot151,000 CAD-14%
Loading Bridge Operator54,700 CAD-69%
Pilot225,000 CAD+28%
Ramp Agent59,800 CAD-66%
Reservations Sales Agent72,500 CAD-59%
Safety and Quality Specialist133,000 CAD-24%
Test Pilot159,000 CAD-10%
Unmanned Aerial Vehicle Operator102,000 CAD-42%
Unmanned Aircraft Systems Technician91,400 CAD-48%
Virtual / Augmented Reality Flight Simulator Designer137,000 CAD-22%

Salary Comparison By City

CityAverage Salary
Toronto176,000 CAD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Canada is 4% on average across all career fields.

Private Sector
117,000 CAD
Public Sector+4%
122,000 CAD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Aerospace Engineer in Toronto?

A good and competitive compensation would range anywhere between 167,000 CAD and 192,000 CAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Aerospace Engineer in Toronto ranges from 82,700 CAD to 135,000 CAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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