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The type of degree you have does not effect your salary: If two engineers both got the same job, they would be paid the same - regardless of there degree type.

BUT

Allot of engineering companies, particularly the top ones, will only employ undergraduates with a masters degree.

Therefore it does not effect salary but it effects your job market.

Source: I am a undergraduate mechanical engineer myself.

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Q: How much does a mechanical engineer with a masters degree make compared to a bachelor's degree?
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