<p>after Ph.D is earned, how much does an MIT grad chemE approximately earn
not some ordinary school but MIT</p>
<p>just curious</p>
<p>are there any chem. engineers who are millionaires? just curious again
is that possible?</p>
<p>if a chemE Ph.D is earned wouldn't it be a good deal
-if you don't make it as a successful engineer, you could be a professor</p>
<p>I think they earn around $120k~ a year.</p>
<p>I know that high end Chem E's get like $80k~, but with a Ph D. from MIT, probably a lot higher.</p>
<p>Not too sure though. This is kind of more like my opinion.</p>
<p>i dont know many dr.'s of engineering who work in industry, most phd's just go work for a research institution or a university, im pretty sure</p>
<p>Dont do a ph.d. To become a millionaire,get into ibanking or consulting .I mean,you're in M.I.T so you shouldnt have any problems getting these jobs.</p>
<p>what about a BS, masters, and MBA from MIT in chemE?</p>
<p>To become rich as an engineer, either start your own company (and eventually you'll move away from engineering), or patent something.</p>
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what about a BS, masters, and MBA from MIT in chemE?
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</p>
<p>See page 14 of the PDf posted above.</p>
<p>
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are there any chem. engineers who are millionaires? just curious again
is that possible?
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</p>
<p>Jack Welch did it.</p>
<p>But in general, I would say that if you want to be a millionaire, don't work as a millionaire. Go become an investment banker.</p>
<p>Note that when I say that, I would say that you can still get an engineering degree, so that if you can't get a banking offer, you still have a backup career. I know plenty of people who got engineering degrees and then immediately jumped into banking.</p>
<p>Is it possible to transition into banking from industry or some other career. Or if you miss out on that ibanking job right after undergrad, does that essentially eliminate any chance you have of entering the field. (Outside of going to get an MBA and then entering banking)</p>
<p>Also, what about consulting. I would assume that it is easier to go from industry to consulting than from industry to ibanking, simply because the industry experience could be put to use as a consultant. In general, is this switch possible, and if so, how easily can it be done.</p>
<p>My father only has a Bach. from state school in chemE...makes 100+...however, he doesnt do engineering, per se...manangement/sales stuff for valve co., a job that requires he be knowledgable in the subject matter (where the degree comes into play).</p>
<p>
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Is it possible to transition into banking from industry or some other career. Or if you miss out on that ibanking job right after undergrad, does that essentially eliminate any chance you have of entering the field. (Outside of going to get an MBA and then entering banking)
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</p>
<p>This is quite difficult. The only time I could see it happening is if you become highly successful - i.e. get into executive management industry. Then, you might be able to get into banking. Otherwise, the only opportunities for somebody who isn't already in a finance-related job to get into banking is through school (i.e. an MBA program). </p>
<p>
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Also, what about consulting. I would assume that it is easier to go from industry to consulting than from industry to ibanking, simply because the industry experience could be put to use as a consultant. In general, is this switch possible, and if so, how easily can it be done.
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<p>Easier, but still not easy. By consulting, I assume you mean strategic/management consulting. It is relatively easy for practicing engineers to transition to engineerng consulting.</p>