Engineering Manager vs IB/Trading/Consulting Career Path

<p>I am wondering in term of compensation, why is Engineering Management not considered as lucrative career path as IB/Trading/Consulting? I mean, in the long run, an Engineer Manager can become a CEO right? And his compensation will then be in millions. Why engineers all flock to IB/Trading/Consulting then?
Thanks for answering!</p>

<p>You must be in high-school right?</p>

<p>cpu3, where you get the information that engineers all flock to IB/Trading?Consulting?</p>

<p>So does that mean what i said was wrong…pls clarify</p>

<p>I was an engineer for many years and never found engineers flocking to IB/Trading/Consulting careers. Granted engineering is a degree that can lead to many careers including medicine and law. But I never got the impression of engineers flocking to those careers you mentioned.</p>

<p>Well I didn’t mean they “flock” there…that’s not my point…I just mean if given a choice, a lot of engineering students will choose the other career paths because they thought they have a better career prospects (making a lot of money down the road)…is this a myth? shouldn’t the engineering career paths be as equally attractive given the potential to become managers/ceo…also what do u think of a Quant career in comparison to these?</p>

<p>I do not know about the upper levels, but at the lower levels investment bankers make more money and have better raises than engineers because they put in more hours. Many engineers work 40-50 hours per week whereas investment bankers put in 80-90. Thus, investment bankers get paid more because they work more.</p>