The amount of money you earn with an online biomedical engineering degree depends on the career path you choose to take after you get your degree. For instance, if you get employed in a college, university or professional school as a biomedical engineer, your median income according to BLS may be $63,000. If you go for employment in a general medical or surgical hospital, you might be able to earn around $70,000 according to the US Bureau of Labor Statistics.