The National Business Aviation Association (NBAA) recently released its new compensation survey, and the news is exciting for pilots around the world. With reports showing big increases in pilot salaries across various experience levels, it’s clear that the pilot shortage is being addressed and that those who dedicate themselves to flying are being rewarded for their hard work. This article will explore the NBAA’s findings and how pilots can make the most of these opportunities to increase their earning potential.
The NBAA’s new survey found that, on average, pilots saw a 5.3% increase in their salaries from 2018 to 2019. This is good news for many pilots who have been struggling with stagnant salaries in recent years. The survey also showed increases across the board for various levels of experience.
For example, first officers saw an increase of 6.2%, while captains saw a 6% increase in their incomes. Additionally, the survey revealed that international pilot salaries were particularly strong compared to domestic wages – with international pilots seeing an average pay increase of 7%.
The survey also highlighted some other interesting findings about pilot pay. For instance, those who had earned their ATP certificates (Airline Transport Pilot) were able to command higher salaries than those without them – an average of $111,059 versus $86,094 respectively. Furthermore, seniority was also a major factor when it came to earning potential – with experienced captains earning as much as $155,000 per year!
This data clearly shows that there is huge potential for growth and increased earnings for pilots who are willing to put in the work and strive for excellence in their profession. With the global pilot shortage reaching crisis levels, now is the time to make sure you are putting yourself ahead of the pack and taking advantage of all available opportunities to maximize your income potential.
Here are some tips to help you get started:
– Pursue additional training or certifications: Earning your ATP certificate can be a great way to boost your salary and put you at an advantage over other pilots looking for work.
– Stay updated on industry trends: Make sure you stay up-to-date on market trends such as what airlines are hiring and what they are paying – this will give you an edge when applying for jobs or negotiating your compensation package with employers.
– Take advantage of networking opportunities: Building relationships within the aviation community can open doors and lead to higher-paying positions or even flying contracts that can significantly raise your income.
With NBAA’s new compensation survey showing big increases in pilot pay across various experience levels, now is an exciting time for aspiring aviators! By taking advantage of these opportunities and pursuing additional training/certifications or networking within the aviation industry, you can ensure that you reap all the benefits of this increased demand and rising wages within your profession!