Even so, as a group, engineers earn some of the highest average starting salaries among those holding bachelor's degrees. According the U.S. Department of Labor, Bureau of Labor Statistics, the median income for aerospace engineers is $87,610. The lowest 10% earned $59,610. The highest 10% earned $124,550. In terms of starting salaries, the average starting salary for aerospace engineers who have earned a Bachelor's degree is $53,408, while those with a Master's were offered $62,459.