A person working as a Biomedical Engineer in New Zealand typically earns around 196,000 NZD per year. Salaries range from 102,000 NZD (lowest) to 300,000 NZD (highest).
This is the average yearly salary including housing, transport, and other benefits. Biomedical Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Biomedical Engineer salaries in New Zealand range from 102,000 NZD per year (minimum salary) to 300,000 NZD per year (maximum salary).
The median salary is 188,000 NZD per year, which means that half (50%) of people working as Biomedical Engineer(s) are earning less than 188,000 NZD while the other half are earning more than 188,000 NZD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Biomedical Engineer(s) are earning less than 130,000 NZD while 75% of them are earning more than 130,000 NZD. Also from the diagram, 75% of Biomedical Engineer(s) are earning less than 234,000 NZD while 25% are earning more than 234,000 NZD.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Biomedical Engineer salaries by experience level and this is what we found.
A Biomedical Engineer with less than two years of experience makes approximately 116,000 NZD per year.
While someone with an experience level between two and five years is expected to earn 155,000 NZD per year, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 202,000 NZD per year, 30% more than someone with two to five years of experience.
Additionally, Biomedical Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 244,000 NZD per year, 21% 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 267,000 NZD per year, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 281,000 NZD per year, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 Biomedical Engineer salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Biomedical Engineer is 163,000 NZD per year.
While someone with a Master's Degree gets a salary of 226,000 NZD per year, 39% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in New Zealand costs anywhere from 102,000 New Zealand Dollar(s) to 306,000 New Zealand Dollar(s) 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 into a higher paying job. The numbers seem to support the thoery. 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Biomedical Engineer employees in New Zealand earn 5% more than their female counterparts.
Biomedical Engineer(s) in New Zealand are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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.
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
Listed above are the average annual increase rates for each industry in New Zealand for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Biomedical Engineer is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
46% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 54% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector Biomedical Engineer employees in New Zealand earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+3%|
Biomedical Engineer salaries in New Zealand are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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 fix 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.
The average salary for Biomedical Engineer is 25% less than that of Pharmaceutical and Biotechnology. Also, Pharmaceutical and Biotechnology salaries are 7% more than those of All Jobs.
|Job Title||Average Salary|
|Assistant Pharmacist||208,000 NZD||+6%|
|Assistant Pharmacy Director||377,000 NZD||+92%|
|Associate Medical Affairs Director||355,000 NZD||+81%|
|Bioinformatics Scientist||334,000 NZD||+71%|
|Bioinformatics Technician||214,000 NZD||+9%|
|Biological Scientist||368,000 NZD||+88%|
|Biological Technician||213,000 NZD||+9%|
|Biomedical Engineer||196,000 NZD||+0%|
|Biomedical Engineering Director||301,000 NZD||+54%|
|Biotechnology Lead Data Manager||226,000 NZD||+15%|
|Chemical Process Technician||199,000 NZD||+2%|
|Clinical Consultant||239,000 NZD||+22%|
|Clinical Data Manager||280,000 NZD||+43%|
|Clinical Data Specialist||232,000 NZD||+18%|
|Clinical Operations Manager||298,000 NZD||+52%|
|Clinical Pharmacist||279,000 NZD||+42%|
|Clinical Pharmacy Specialist||291,000 NZD||+49%|
|Clinical Programmer||166,000 NZD||-15%|
|Clinical Project Manager||235,000 NZD||+20%|
|Clinical Research Associate||241,000 NZD||+23%|
|Clinical Research Manager||290,000 NZD||+48%|
|Clinical Study Manager||312,000 NZD||+59%|
|Compliance Specialist||278,000 NZD||+42%|
|Cytology Laboratory Technologist||212,000 NZD||+8%|
|GCP Auditor||262,000 NZD||+34%|
|Hospital Pharmacy Technician||239,000 NZD||+22%|
|Manufacturing Engineer||218,000 NZD||+11%|
|Medical Affairs Director||363,000 NZD||+85%|
|Medical Representative||196,000 NZD||+0%|
|Medical Science Liaison||255,000 NZD||+30%|
|Molecular and Cellular Biologist||276,000 NZD||+41%|
|Nuclear Pharmacist||33,300 NZD||-83%|
|Pharmaceutical Manufacturing Lead||384,000 NZD||+96%|
|Pharmaceutical Operations Excellence Manager||344,000 NZD||+76%|
|Pharmaceutical Process Engineer||266,000 NZD||+36%|
|Pharmaceutical Production Assistant Manager||265,000 NZD||+35%|
|Pharmaceutical Quality Auditor||300,000 NZD||+53%|
|Pharmaceutical Regulatory Affairs Assistant||217,000 NZD||+11%|
|Pharmaceutical Regulatory Affairs Specialist||240,000 NZD||+23%|
|Pharmaceutical Research Associate||265,000 NZD||+35%|
|Pharmaceutical Research Scientist||315,000 NZD||+61%|
|Pharmaceutical Researcher||331,000 NZD||+69%|
|Pharmaceutical Sales and Marketing Manager||316,000 NZD||+61%|
|Pharmaceutical Sales Manager||354,000 NZD||+81%|
|Pharmaceutical Sales Representative||192,000 NZD||-2%|
|Pharmaceutical Supply Chain Manager||301,000 NZD||+54%|
|Pharmaceutical Team Leader||266,000 NZD||+36%|
|Pharmaceutical Technologist||197,000 NZD||+1%|
|Pharmacy Aide||209,000 NZD||+7%|
|Pharmacy Manager||398,000 NZD||+100%|
|Pharmacy Stock Controller||178,000 NZD||-9%|
|Pharmacy Technician||185,000 NZD||-6%|
|Records Management Coordinator||176,000 NZD||-10%|
|Shift Encapsulator||193,000 NZD||-1%|
|Staff Pharmacist||282,000 NZD||+44%|