<p>if so, what kind of engineering and how much do they make?</p>
<p>and will the salary go up or down in the future? lets say 7-10 years?</p>
<p>engineering salary starts high, but peaks fast.</p>
<p>It really depends on how good of an engineer you are.</p>
<p>Which is why undergrad engineering degree ---> MBA is becoming so popular nowadays.</p>
<p>Depends what you do with your degree and how good of an engineer you are.</p>
<p>If you just work at some company expect to make in the neighborhood of 50-100k. If you start your own company (consulting/invention/ect) you can make much less or much more than an office job. There are also cases where engineers work within finacial companies and sometimes become big time hedge fund managers and make millions a year.</p>
<p>Engineering majors have the highest starting salary coming out of undergrad. It's relatively high, but you won't be making the same amount of money as doctors, lawyers, investment bankers and management consultants. But the tradeoff is usually in hours worked.</p>
<p>Yeah, engineer salary starts high but doesn't go up much afterwards thats why some engineers go back to school(grad school ofcourse) and earn a MBA.</p>
<p>whats an MBA and how will it make you more money?</p>
<p>sorry if its a dumb question</p>
<p>MBA leads to management. Everyone and their mom has one in the engineerign business.</p>
<p>It's a masters degree in the field of business. Stands for Masters of Business Administration. And no, not everyone has one in the engineering field. <em>Some</em> people have MBAs, if they want to go into management of the engineering firm or of the company, but it's not a requirement by any stretch of the imagination.</p>
<p>In a lot of companies, the managers make more money, and in order to be a manager, candidates should have an MBA, but this isn't the hard-and-fast rule of engineering. In a lot of firms, the senior engineers make more money than the firm managers. It really depends upon the company.</p>
<p>how is the layoff rate? am i going to have to worry about outsourcing and layoffs if i decide to take this route?</p>
<p>I have a question and comment to make.</p>
<p>Comment:
Administration positions within a company are very selective. I read that a big company (Chevron) hires only ~6 MBAs per year. So you have to be pretty top MBA grad to get into managing a big company.</p>
<p>Question:
What do you learn while in courses getting your MBA degree? Is it engineering related or business administration related?</p>
<p>
[quote]
Administration positions within a company are very selective. I read that a big company (Chevron) hires only ~6 MBAs per year. So you have to be pretty top MBA grad to get into managing a big company.
[/quote]
</p>
<p>Managing big companies is not what most students at the top MBA programs will do; most of them will end up in financial services or consulting. For example, at Harvard Business School, 65% of the graduating students will take jobs in finance or consulting. At the Stanford GSB, the figure is 67%. </p>
<p>Career</a> Salary/Bonus Data: Recruiting at Harvard Business School
<a href="http://www.gsb.stanford.edu/cmc/reports/documents/report07_detailed.pdf%5B/url%5D">http://www.gsb.stanford.edu/cmc/reports/documents/report07_detailed.pdf</a></p>
<p>In fact, it's gotten to the point where many MBA students view the managing of a large company as scut work that is done by those people who weren't good enough to get a job in finance or consulting (note, that's not my personal opinion; I'm just telling you what some other people think). As one HBS guy said, why manage a large company when you can be a financier or strategy consultant that tells that large-company manager what to do?</p>
<p>
[quote]
As one HBS guy said, why manage a large company when you can be a financier or strategy consultant that tells that large-company manager what to do?
[/quote]
:rolleyes: Thanks for the info. Can you give more information of what consultants do? (a general description of the responsibilities)</p>
<p>Do you know anything about systems analysis and design in computing? If so think about it without an emphasis on a software solution. If not</p>
<p>Management</a> consulting - Wikipedia, the free encyclopedia</p>
<p>'Which is why undergrad engineering degree —> MBA is becoming so popular nowadays. '</p>
<p>how common is it to get a MS in engineering –> MBA?</p>
<p>Years 1 to 8: $60,000 to $100,000/year
Years 8 to 20+: $80,000 - $175,000/year</p>
<p>If you become an independent consultant: $50/hr to $120/hr—> $100,000-$250,000/year</p>
<p>Security Clearance: Add $25,000-$30,000/year</p>
<p>globaltraveler: what exactly is the security clearance? What are you allowed to do after you get it?</p>
<p>Sorry for my noobness, I’m a high school senior trying to learn more about careers in engineering</p>
<p>EnemyUnit,</p>
<p>Let me just post a link because I would have basically typed the same…</p>
<p>[How</a> to Obtain a Security Clearance - GovCentral.com](<a href=“Page Not Found | Monster.com”>Page Not Found | Monster.com)</p>
<p>Many federal agencies do “cleared” work with most being from the “Big 3” (FBI, NSA, CIA). Engineering work of all types are done in cleared work. Many of the big companies mentioned on this site are contractors for cleared (read: defense) work.</p>
<p>Coming back to what was said earlier once again, Sakky mentioned most of the grads out of MBA go to finance, consulting or banking. Do any of these require knowledge in engineering in their jobs? Does that mean managing engineering companies doesn’t really bring one much more money than what an engineer makes…and so ppl just go to finance and consulting? Are there any typical numbers? How much will a PhD working in the industry, like in a lab for a firm, make? More than PhD’s in universities I imagine…comparable to MBA grads?</p>