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Engineering Economics Jobs in Raleigh, NC (NOW HIRING)

HDR

Bridge Engineer

Raleigh, NC · On-site

... economic vitality, public safety, sustainable and resilient communities and quality of life. We ... Apply structural engineering and detailing techniques * Work on projects that typically include ...

HDR

Bridge Engineer

Raleigh, NC · On-site

... economic vitality, public safety, sustainable and resilient communities and quality of life. We ... Apply structural engineering and detailing techniques * Work on projects that typically include ...

HDR

Traffic Engineer

Raleigh, NC · On-site

$84K - $115K/yr

We bring together planners, engineers, architects, construction management staff, environmental, strategic communications, economists, management consultants and specialists across disciplines to ...

HDR

Traffic Engineer

Raleigh, NC · On-site

$84K - $115K/yr

We bring together planners, engineers, architects, construction management staff, environmental, strategic communications, economists, management consultants and specialists across disciplines to ...

Pike Corporation

Engineer 5

Raleigh, NC

Provide engineering/technical expertise to solve the most complex problems and provide leadership ... Ability to deal with a variety of individuals from various socio-economic, cultural, and ethnic ...

Pike Corporation

Engineer 5

Raleigh, NC · On-site

Provide engineering/technical expertise to solve the most complex problems and provide leadership ... Ability to deal with a variety of individuals from various socio-economic, cultural, and ethnic ...

Pike Corporation

Engineer I

Raleigh, NC · On-site

Provide engineering/technical expertise to solve problems in a specific area of expertise, with ... Ability to deal with a variety of individuals from various socio-economic, cultural, and ethnic ...

Pike Corporation

Engineer I

Raleigh, NC

Provide engineering/technical expertise to solve problems in a specific area of expertise, with ... Ability to deal with a variety of individuals from various socio-economic, cultural, and ethnic ...

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All JobsEngineering Economics JobsEngineering Economics Jobs in Raleigh, NC

Engineering Economics information

See Raleigh, NC salary details

$52

$63

$73

How much do engineering economics jobs pay per hour?

As of Aug 6, 2026, the average hourly pay for engineering economics in Raleigh, NC is $63.56, according to ZipRecruiter salary data. Most workers in this role earn between $57.93 and $69.18 per hour, depending on experience, location, and employer.

Is engineering economics difficult?

Engineering economics involves analyzing costs, benefits, and financial factors related to engineering projects, and it requires understanding of economic principles, mathematics, and engineering concepts. The difficulty depends on a person's background in these areas and their familiarity with financial analysis tools like present worth and rate of return calculations. Developing strong analytical skills and gaining practical experience can help manage the complexity of the subject.

What are the typical responsibilities of an engineering economics professional?

Engineering Economics professionals are typically responsible for evaluating the financial viability of engineering projects, conducting cost-benefit analyses, and preparing detailed economic forecasts to guide project planning. They often collaborate closely with engineering teams, project managers, and financial departments to gather data, assess risk, and ensure resources are optimally allocated. On a daily basis, they may work on developing financial models, presenting findings to decision-makers, and recommending strategies to improve project efficiency and profitability. This interdisciplinary work enables organizations to make data-driven investment and project management decisions.

What is engineering economics?

An Engineering Economics job involves applying economic principles to engineering projects to ensure cost efficiency and financial feasibility. Professionals in this field analyze costs, evaluate investment decisions, and optimize resource allocation for engineering projects. They work in industries like construction, manufacturing, and infrastructure development to balance technical and financial considerations. Their role helps organizations make data-driven decisions that maximize profitability while maintaining project sustainability.

What are the key skills and qualifications needed to thrive in engineering economics?

To excel in Engineering Economics, you need strong quantitative analysis, economic modeling, and engineering fundamentals, usually backed by a degree in engineering or a related field. Familiarity with financial analysis software, spreadsheet modeling, and cost estimation tools is highly valuable, and certification such as Professional Engineering (PE) or specialized economics credentials can be advantageous. Excellent problem-solving, attention to detail, and communication skills help professionals explain complex cost-benefit analyses to technical and non-technical stakeholders. These competencies ensure accurate economic assessments and informed decision-making, directly impacting project viability and resource allocation.

What jobs combine engineering and economics?

Jobs that combine engineering and economics include roles such as engineering economist, cost analyst, project manager, and operations researcher. These positions often require skills in financial analysis, data modeling, and engineering principles to evaluate project feasibility, optimize resource allocation, and improve operational efficiency.
What are popular job titles related to Engineering Economics jobs in Raleigh, NC? For Engineering Economics jobs in Raleigh, NC, the most frequently searched job titles are:
What job categories do people searching Engineering Economics jobs in Raleigh, NC look for? The top searched job categories for Engineering Economics jobs in Raleigh, NC are:
Engineering Economics jobs near you
Infographic showing various Engineering Economics job openings in Raleigh, NC as of August 2026, with employment types broken down into 86% Full Time, 7% Part Time, 6% Contract, and 1% Nights. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $132,203 per year, or $63.6 per hour.

Engineer II or III - Transmission Substation Engineering

Duke Energy Corporation

Raleigh, NC • On-site

$95K - $122K/yr

Full-time

Posted 16 days ago

Duke Energy rating

8.6

Company rating: 8.6 out of 10

Based on 167 frontline employees who took The Breakroom Quiz

10th of 86 rated oil and gas companies

Job description

Important Application Submission Information
In order to ensure your application is successfully received before the job posting expires, please submit your application by 11:59 PM on Tuesday, August 11, 2026
More than a career - a chance to make a difference in people's lives.
Build an exciting, rewarding career with us - help us make a difference for millions of people every day. Consider joining the Duke Energy team, where you'll find a friendly work environment, opportunities for growth and development, recognition for your work, and competitive pay and benefits.
This position is part of the Substation Engineering team located in the Duke Energy Progress (DEP) headquarters in downtown Raleigh, NC. This work group is responsible for design of new and existing substations and related equipment within the Carolinas East Service territory of Duke Energy. Primary area of responsibility includes substation physical design in support of substation projects.
Design projects range from routine equipment modifications and installations to the complete design of new transmission facilities. Coordinates work to manage multiple projects simultaneously to ensure timely release of engineering designs. Utilizes a variety of tools and techniques in order to complete an engineering design, including current design specifications, pertinent code manuals, computer aided design/drafting software, and other reference sources. The final product is an engineering release package consisting of pertinent drawings and bills of material.
The person in this position will work as part of a project team in the area of substation physical (electrical, mechanical and structural).
The person in this position will work as part of a project team to develop detailed project scopes, layouts of substations, detailed designs of substations, plan and section drawings and other plans required for construction of specific substation projects. The work performed by this unit requires an understanding of power systems, transformers, circuit breakers and other major equipment as well as other civil, mechanical, and electrical engineering principles. The person will be involved in the development and review of designs for high voltage substations at voltages of 13kV, 23kV, 115kV, 230kV and 500kV. The person in this position must be able to manage multiple projects in various stages of design so as to meet project schedule deadlines; provide design support to field personnel during project implementation; develop and maintain sufficient level of expertise in use of CAD software for efficient production of engineering work; and collaborate in a team environment to spread knowledge and to produce the best quality product possible.
The position is responsible for: 1) producing the best possible design for transmission substation facilities considering all environmental, land use, engineering and economic factors and in accordance with the approved schedule; 2) planning, coordinating, and monitoring the progress and quality of work group activities on assigned projects to meet the requirements of the Project Managers; 3) specific project information for various planning studies, the annual budget, and special projects; 4) performing work assignments in a manner consistent with both the Duke Energy Safety Manual as well as with Federal, State, and local laws; 5) completing all project activities and work activities in a sound and cost-effective manner that contributes to the safety of Company employees and the public, reliability of service, and reasonable protection of the environment.
Duties and Responsibilities:
With very Minimal Supervision
  • Provides engineering/technical expertise in the area of transmission substation design. Analyzes scenarios, evaluates options, and performs design calculations to comply with design standards, applicable codes and sound engineering practices. Responsibilities include support of transmission substation routing/siting, creating conceptual designs and cost estimates, preforming detailed design including electrical arrangements, one-lines, structure, foundation, and electrical design for substation projects. Responsibilities also include providing construction support, oversight and other similar activities.
  • Provides engineering/technical expertise and guidance in the identification, analysis and resolution of complex problems in area of substation design.
  • Prepares thorough and accurate job packages, technical reports, correspondence, documentation, calculations and drawings. Conducts analysis and recommends process enhancements and design standards relative to area of assignment.
  • Conducts engineering and related studies; completes non-routine engineering projects with minimal oversight with the ability to independently manage project schedules and interfaces; competent to design, operate and maintain systems with moderate impact on existing systems.
  • Ensures accomplishment of substation projects and overall business goals through effective planning, organizing, estimating, execution and monitoring of work activities. Effectively handles differing situations which require developing creative solutions with area of expertise. Modifies designs to address construction issues, environmental circumstances and public concerns. Assists construction in troubleshooting and problem resolution and provides on-site support.
  • Makes informed decisions that may impact major projects or business/department results.
  • Possesses and applies the fundamental engineering concepts, practices and procedures; proficient in technical and analytical competencies necessary to handle assignments of increasing complexity.
  • Develops positive working relationships to effectively coordinate work activities.
  • Demonstrates effective oral and written communication skills. Maintains accurate records and files.
  • Supports the company's goals and represents the company positively and professionally.

Basic Requirements Engineer II
  • Graduation from a four-year college or university with a Bachelor of Science in Engineering from an ABET accredited program. A master's degree in engineering can be considered in lieu of the Bachelor of Science in Engineering degree.
  • Minimum 2 years of relevant engineering experience.

Basic Requirements Engineer III
  • Graduation from a four-year college or university with a Bachelor of Science in Engineering from an ABET accredited program. A master's degree in engineering can be considered in lieu of the Bachelor of Science in Engineering degree.
  • Minimum 4 years of relevant engineering experience.

Desired Qualifications
  • Experience in the electric utility industry.
  • Electrical, Mechanical, or Civil Engineering Degree.
  • Professional Engineering Designation in NC or SC.
  • Proficient in transmission substation design theories and principles particularly with focus on electro-mechanical concepts as well as substation structural design.
  • Proficient with substation design software and CAD tools; e.g. AutoCAD, Microstation, MathCAD, SAG10, WinIGS, CDEGs, RISA, Lpile, etc.
  • Experience in asset management tools (e.g. Maximo)
  • Proficient in engineering theories and applying engineering principles to solve problems.
  • Familiarity with applicable design codes and standards including IEEE 605, IEEE 80, NESC, NEC, and ASCE 113.
  • Proficient in practices of researching solutions, evaluating alternatives, making sound recommendations and preparing and presenting those recommendations.
  • Ability to collaborate with a variety of individuals from various socio-economic, cultural and ethnic backgrounds.
  • Excellent written and oral communication skills.
  • Proficient in principles of project management.

Working Conditions and Travel
  • Hybrid Mobility Classification - Work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees should live within a reasonable daily commute to a Duke Energy facility.
  • Normal Job functions are performed Monday through Friday schedule with some system travel required (5 - 20%).
  • Must be available for call-out and work during system emergencies.
  • Alternate work schedules, including ½ day Friday and alternate Friday off are available based on business unit management discretion.

Travel Requirements
5-15%
Relocation Assistance Provided (as applicable)
Yes
Represented/Union Position
No
Visa Sponsored Position
No. This is not a Visa Sponsored Position. This role requires the ability to work lawfully in the U.S. without employment-based immigration sponsorship, now or in the future.
Please note that in order to be considered for this position, you must possess all of the basic/required qualifications.
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About Duke Energy

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Duke Energy, a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Our electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Our natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Our company employs 28,000 people.

Industry

Utilities

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

1904

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