Why do engineers make so little money

Only in the UK does the Engineer enjoy such extra low status. If it is accurate, why do lawyers earn so much more? Phil Janes 19th June at pm. Related Content. UK CEng is not a rigorous examination in a general sense of engineering-practise related competencies such as those a lawyer or doctor might have to pass.

Which Engineers earn the most?

Fancy making some more money? Why not enginrers these countries where engineers make the most money. Have you ever wondered in which countries engineers make the most money? A fair question and one that’s not a simple one to answer. From the off engineers tend to benefit from some of the highest wages of any career choice out .

1) Earn a Master’s Degree

Why do managers get paid more than engineers even though managers have less work than engineers? Salary was at parity, non-cash compensation was at parity, and number of positions was in theory at parity, but there was a noted lack of talent filling the roles as the ranks ascended; many of the more highly qualified and motivated research staff decamped for other opportunities before hitting the top rungs. These days, in particular, when companies live and die by tech, there are no shortage of opportunities to remain a technical professional and achieve seriously above-market compensation. As a tech innovator, I mainly viewed my job as solving problems which I thought were fun and engaging. Yes, there were long nights, and deadlines, and you know what? Working until the problem was solved, until the code passed regression test, until the anti-gravity machine levitated, whatever the heck it was. And then hitting it again tomorrow — or after the tacos de heuvos and ojos de ovejas settled and realization dawned, as the case may be.

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Fancy making some more money? Why not consider these countries where engineers make mnoey most money. Have you ever wondered in which countries engineers make the most money? A fair question and one that’s not a simple one to answer. From the off engineers tend to benefit from some of the highest wages of any career choice out.

But could you be underselling yourself by staying and working in your nation of origin? Of course, it’s not all about money and some feel more comfortable staying and working in their home nation. After all, it’s very difficult to leave your family and friends for long xo of time. But if you are brave enough you could find your money making potential is considerably higher further afield. In the following article, we’ll see if engineering careers are worth all the hard workwhich disciplines tend to make the most and in which countries engineers tend to make the most money.

In short yes, and. Engineering positions tend to always feature in the top ten highest paying careers. This is good news as all that hard work, blood, sweat and tears during your undergraduate and postgraduate studies had better pay off.

And now is a good time to be getting into engineering-related career paths as the job market is pretty healthy. According to litttle U. Bureau of Labor Statisticsfor example, MiningConstruction, and Manufacturing industries are currently enjoying a period of strong growth. Engineering graduates also enjoy very high recruitment levels post graduation which is in stark contrast to many humanities graduates.

But is pursuing a career in Engineering actually worth all the hassle? Much like driving a car your degree is just the first test. Once you’ve graduated you will need to bolster your lihtle for a lifetime of stress, steep learning curves but, ultimately, one of the most rewarding careers one could choose. But, of course, like any career, there will be highs and lows.

Although many Engineers tend to love what they do working conditions can get on top of. On the whole, most disgruntled engineers report that they have, or are tempted to, quit their job because of a few common issues. These include not getting on with the boss, long commutes, stupid working hours, not potential for advancement.

Before we look into the countries that tend to offer the most money for engineers, we thought it might be useful to explore those disciplines of engineering that tend to pay the. The following are the top twenty highest paid engineering jobs.

This data comes courtesy of typeofengineering. As why do engineers make so little money as this is, it must be borne in mind that these figures are just a snapshot in time. They don’t, for example, capture potentially future trends in their respective engineets.

Some disciplines, like Petroleum Engineering, are highly paid at present but future employment could be affected by changes in the supply and demand of hydrocarbons around the world.

So long as consumption remains at least comparable to today, as well as reserves, this should be a lucrative choice for the near future. But there is another interesting consideration with fields like Petroleum Engineering. It is predicted that many current employees are set to retire over the next ten years. This will certainly affect the demand for ‘new blood’, likely inflating offered salaries far in excess of current rates. Computer engineering is mondy field that might not be fairly represented in this data.

It is a relatively new discipline in engineering with some claiming it is currently under-supplied with labor. Of course, the future could see a dramatic reduction in wages as more and more new graduates flood the market over the next few years given its current popularity for undergraduates. That’s before we even begin to sp the potential impacts of Artificial Intelligence over the next few decades.

As we have seen incomes for Engineers vary depending on what field of expertise they pursue. Despite this, engineering careers tend to rank very high on any list of highest-paying bachelor degrees.

Most new graduates in the U. This figure comes from a recent report by a Stockholm-based employer branding firm, Universam. Another study by the National Association of Colleges and Employers discovered that Electrical Engineering seems to be the most in-demand engineering degree.

Compiling information from various sources a recent CNBC article found that the top three countries for engineering students are For comparison, they also found the countries with the lowest average expected salaries for engineers. These are This sounds like liittle massive discrepancy between the top three and bottom two mxke remember living expenses in Egypt and Vietnam will be considerably lower than Switzerland or the U.

Something rarely, if ever, considered when it comes to higher earnings is factoring in living costs of countries you might decide to work in.

After taxes, bills, and other expenses your initially hefty income could make little difference to your quality of life.

This varies widely from country to country and you should always bear this in mind before accepting a position. After all, you wouldn’t want to be pushed into a higher bracket link to UK example and be worse off then idling just below it and having relatively more money in your pocket. Another thing to consider is broadening your horizons and considering working and living abroad. In an ideal world, it’s best to earn in strong currencies like Dollars but spend in weaker currencies like the Turkish Lira for example.

In these circumstances, your income might not be as high as in the continental U. Working remotely or overseas is becoming more and more popular today and for good reasons. Obviously, we are not financial experts and you should seek professional advice on any issues discussed. Working overseas also exposes you to new and exciting cultures and has other benefits including boosting your CV and skills. Of course, this is not always possible nor desirable for many but its something to consider when evaluating potential jobs to apply.

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In saying this promoting the engineering brand and their involvement in society may be the solution to this dilemma, making society aware of what we do and how we help. No one is cynical. My own personal rule of thumb is that you should be paid equivalent to your age times a thousand. I think a lot of business majors claim why do engineers make so little money engineering has a low salary cap. Stay up to date on industry news and trends, product announcements and the latest innovations. Although the national unemployment rate is at an all-time low, many industrial employers report being unable to fill a high number of open engineering positions. Calcozzo replies 9 threads Junior Member. Angus Ramsay 4th January at pm. A good PM will motivate, performance manage and manage stakeholder expectations whilst also managing a projects finances. There is a shortage of engineers — who are why do engineers make so little money with little pay. Dr Harold Shipman? As they get more leverage, the very best ones will increase their earning power. I can only suggest you consider re-training — perhaps outside engineering, because otherwise you will be stuck on this pay grade forever. You get paid what you deserve and the universities in UK in Civil Engineering are extremely poor. The only way you can make good money is either go into oil and gas or play on companies despirations when they need a quick turn around you charge a kings ransom. In my experience, jobs big and small would be better run by chief engineers and technical leads — people that understand getting solid foundations in place then making solid steps off that is more important than turning little boxes green to meet schedule. Anonymous 17th March at pm.