<p>Toronto<em>guy, I think I have to go back to eternity</em>hope2005's comment. The fact is, if the market for chemical engineers really was truly horrible, then the salaries would have dropped and ChemE's would no longer have the 2nd highest paying starting salaries of all engineers (Petroleum Engineering is #1, but PetE is a pretty specialized kind of engineering). </p>
<p>Furthermore, I have to disagree that getting in with a major petrochemical company is that hard. Especially these days with oil exceeding $70 a barrel. I suppose the dispute comes from how you define 'hard', but what I think is indisputable is that it is far easier to get a job in Big Oil than it was at anytime in the last decade. Furthermore, huge slews of chemical engineers have been picked up by high-tech firms like the semiconductor industry. I know that Intel has been one of the biggest employers of chemical engineers coming out of Berkeley and Stanford for many years now. Heck, Andy Grove, the legendary former CEO of Intel (and Time Magazine's Man of the Year of 1997) is a chemical engineer by training. Chemical engineers also find tremendous employment in large-scale diversified manufacturing and engineering companies, like GE, like P&G, 3M, and the like. Heck, legendary former CEO of GE, Jack Welch, is a chemical engineer. And then of course there is potentially a great job-growth engine for chemical engineers of the future - Big Pharma and Biotech. I don't know where that's going to go, but the pharma/biotech already hire plenty of chemical engineers and may well be poised to hire plenty more. </p>
<p>Of the recent classes of chemical engineers at Berkeley who chose to get engineerng jobs (hence, not grad school or consulting/banking), I would estimate that something like 1/3 went to work in the semiconductor industry, another 1/3 went to pharma/biotech, and the remaining all went to other categories like petrochemicals, or diversified manufacturing, etc. </p>
<p>One thing I would point out is that chemical engineering employment is highly localized. If you want to do petrochemicals, you gotta go to where the industry is, and much of it is concentrated on the Texas/Louisiana Gulf Coast. If you want to do Big Pharma, you have to go to the Northeast, especially around the Connecticut/New York/New Jersey/ Pennsylvania area. If you want to do semiconductors, that basically means Silicon Valley, Dallas, Boston, Phoenix, Portland, and places like that. If you want biotech, then it's a matter of Silicon Valley and Boston. If you're not in any of those places and you don't want to move, then I agree that things might be difficult for you. </p>
<p>Look, I'm not saying that chemical engineering is the greatest thing in the world. But I would hesitate to say that it's terrible. </p>
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Those only take into account starting with a major oil or chem company.
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<p>How is that? C&EN publishes studies that I consider to be highly reputable and perform a lot of statistical corrections to eliminate problems with sampling. So does the BLS. In any case, I fail to see how the salary data for chemical engineers would be any more skewed than the data for any other engineering discipline. For example, why would the chemical engineering data only reflect salaries from major oil/chemical companies, but the mechanical engineering data not just reflect data from the major auto and machinery companies?</p>