A lot of people has asked me this query lately and I have already written a post regarding a month back, and when I saw this latest on aerospace engineer's salary, I couldn't stop myself in posting it here..
here's a US centric outlook and salary structure. Hope this will help. In India, the story is similar and though not as lucrative as IIM's salaries. :)
http://www.engineersalary.com/Aerospace.asp
Aerospace Engineer's Salaries
In 2008 the middle 50% earned between $61,180 and $94,340. The lowest 10% earned less than $49,920, and the highest 10% earned more than $120,760. Median annual earnings in the industries employing the largest numbers of aerospace engineers in 2008 were:
Federal Government: $78,310
Search and navigation equipment: $75,100
Aircraft, parts and components: $76,420
Guided missiles, space vehicles and parts: $73,490
