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This question is about development engineer salaries, operations engineer salaries, and research engineer salaries.
No, engineers do not typically make 300K. While the starting salary for engineers is high, average earnings in the US are typically between $67,000 - $156,000 a year. The average 2021 salary for engineers is $70,634. Income varies dramatically based on which field of engineering you are in and where you live.
There are exceptions, and some engineers can earn $300,000 or more. A senior software engineer may earn $500,000 annually, but this total includes salary, bonuses, and stock options.

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