An aviation career is a steady, wise choice for your future, but how much does it earn? Learn how much a pilot salary typically is here.
Did you know that 65% of Americans are looking for a new job? If you’re one of them, you may want to consider becoming a pilot. This career choice offers the opportunity to soar to new heights — literally — while maintaining a steady career.
But how much will you make? Read on to learn how much to expect from a pilot salary!
Understand the Salary Calculation Methods
Pilots are paid by the hour. The hourly rate can range from under $100 to well over $300. It’s also important to note that pilots are required by the Federal Aviation Administration (FAA) to maintain under 1000 hours of flying per year.
As a comparison point, most typical jobs require that a person works 2000 hours per year. The annual limit for pilots is to help ensure that pilots are well-rested.
Most airlines will provide a minimum number of hours per month for pilots. If a pilot exceeds that minimum while staying under the annual limit, the airline will pay extra for hours flown beyond that number.
Know That Experience Matters
An aviation career requires significant training and competency. As such, experience makes a difference in the rate of pay for pilots.
For instance, a first officer with one year of flying experience will be on the low end of the spectrum. A captain who’s been flying for two decades will make more. A senior captain may earn well over $300 per hour.
A first officer can expect to start at an hourly rate that is between $50 and $100 per hour. With the increased need for pilots, however, signing bonuses, 401(k) plans, and other incentives add to the appeal. Plus, a junior first officer knows that they have high earning potential over their career!
Consider the Airline
The airline you work for can impact your aviation salary. Established national carriers tend to pay more than regional carriers. And cargo airlines fall somewhere in the middle. Many airlines are offering paid training and better benefits, too, to build the next generation of pilots.
When you apply for a pilot position, many airlines will use a points system to rank candidates. They’ll assess your educational background, flight time, and other critical factors. Click here when you’re ready to start your aviation career.
Weigh the Type of Aircraft
A pilot career means you’ll probably specialize in flying particular types of aircraft. For example, flying a Boeing 777 means you’ll earn more than you would flying a smaller regional jet. You also may earn more for flying particular routes.
In addition, the type of engine, the scale of the aircraft, and the seat map may impact your earning potential. Generally speaking, the larger the airplane, the more you are likely to make. You could have an annual salary that’s anywhere from $60,000 to over $500,000.
Learn What to Expect from a Pilot Salary
A pilot salary will vary depending on the airline and aircraft that the pilot flies. In addition, the pilot’s rank and experience will impact their pay. Finally, the number of hours flown within FAA limits can determine the total annual salary.
When you need more advice on choosing a career you’ll love, check back for new articles!
