Average Earnings
Ship captains have varying salaries depending on their experience, education, certifications, and the type of vessel they operate. On average, a scenic captain earns about $54,000 a year, while inland water captains might earn around $88,000. The average ship captain salary stands at $120,745 per year, influenced greatly by the size of the boat and cargo. Senior captains, being the most experienced, can earn upwards of $200,000 annually, with possible additional bonuses and incentives.
Top-Paying Jobs and Locations
Certain specialized segments, like LNG/LPG Tankers that are technologically advanced, typically pay the most. Captains in states such as Texas (TX), Oregon (OR), New York (NY), Louisiana (LA), and Washington (WA) are among the highest earners. However, higher wages can sometimes be offset by a higher cost of living in these states.
Cruise ship captains typically have earnings between $110,981 and $153,000 per year, working on rotation with about two months on and two months off. The median salary for cruise ship captains is roughly $86,503, but the top earners can make up to $476,518.
Other Related Roles and Profits
For a fishing charter business, a well-managed operation should realize a 25-percent profit margin. This could translate to an annual profit of approximately $34,300 if going out 200 days a year.
On the international front, an aircraft captain in Russia can earn an average of 2,003,200 RUB per year, with the range varying from 1,079,600 RUB to 3,023,200 RUB.
Responsibilities and Career Path
To become a captain, the primary step usually involves completing a bachelor’s degree in Maritime Engineering. It may take more time to become a cruise ship captain, often up to 18 to 22 years to earn their stripes, than it does to become a brain surgeon. Despite the lengthy journey, the captain’s role is critical, as they are responsible for every aspect of the voyage and vessel.
The captain not only commands the ship but also ensures the safety of crew and passengers, making it one of the most responsible and highest paying roles on a vessel.