<p>To what extent is the title true?</p>
<p>How are you defining success?</p>
<p>If by success you mean able to get a job in management then yes.</p>
<p>Engineering+MD=Golden Ticket to success</p>
<p>Excuse me if this is a stupid question, but do engineering managers even really make that much more than the actual engineers?</p>
<p>If you don't know how to get to the train station, your ticket isn't going to take you all the way to success.</p>
<p>WolfpackPride,</p>
<p>Per IEEE data (for EEs but it may be similar to other disciplines/industries):</p>
<p>Median, 75th percentile, and 90th percentile salary by highest degree:</p>
<p>B.S. - 97.6k, 120.3k, 150k
M.S. - 111.5k, 138k, 167k
M.B.A. - 114.5k, 145.5k, 190k</p>
<p>Of course, not every one of those MBAs landed a management position. Salary by job responsibility is more telling:</p>
<p>All engineers - 108k, 136k, 168.5k
General management - 140.5k, 190.2k, 240k
Technical management - 130k, 160k, 200k</p>
<p>So, in short, yes. Particularly at higher percentiles.</p>
<p>waht is MBA (sry im an idiot)</p>
<p>Do you guys think it is a good idea to combine engineering with businees degree in order to land a better job?</p>
<p>
[quote]
Salary by job responsibility is more telling:</p>
<p>All engineers - 108k, 136k, 168.5k
General management - 140.5k, 190.2k, 240k
Technical management - 130k, 160k, 200k
[/quote]
</p>
<p>I wonder how much the numbers are skewed for "all engineers" because entry-level engineers are probably bringing the numbers down.</p>
<p>An MBA is a Masters of Business Administration degree.</p>
<p>Average Heart Surgeon Salary in NY: $507,828
CARDIOTHORACIC</a> SURGEON SALARIES at MDsalaries - The Physician Salaries Blog</p>
<p>That sounds pretty golden to me</p>
<p>...yea after like 10 years of college</p>
<p>My friend who has Civ E + JD and became a lawyer started at 100k a few years ago. Of course nothing is for sure in this life, and sometimes it also depends on luck.</p>
<p>mal practice insurance for surgeons is like $150,000 a year and going up.</p>
<p>IMO, unless the MBA is from a top school, its not worth it. A MBA is in no way a prerequisite or guarantee for a managerial position, and many engineering managers don't have anything past a BS. Add in the opportunity costs and educational cost of an MBA (say 2x80k lost salary and 105k tuition = 265k), IMO its REALLY not worth it unless you are trying to make a career change into another, more lucrative, industry.</p>
<p>EDIT: The 105k comes from Stanford's expected MBA costs. Add in their estimated cost of living and other expenses, and they say you're looking at 76k-80k per year total... 160k in loans w/ interest and two years lost salary.... I just don't think its worth it unless its for a career change into a more lucrative industry, and even then it is a questionable decision.</p>
<p>False.....and how do you define success?</p>
<p>Wouldn't an MBA be great for landing an executive position or starting your own business? I know it's extra school, more tuition, and lost salary but there are some big advantages to having this degree, are there not?</p>
<p>Also, why does the MBA have to be from Harvard or some really reputable school? I'm not planning on getting an MBA anytime soon but say I got one from my school, the University of Louisville. It's not Harvard, but an MBA from there would still count for something, right?</p>
<p>To fatsheep10:
Yes,it counts for something....but working experience will even count more than that.
You get less for what you'll pay.</p>
<p>To get the most out of the MBA you have to be flexible about where you live. Someone I know who has excellent credentials (BS Eng. top school, great work experience) recently got a top school MBA and has struggled to get a decent job in one city. So far, it's been a bit of a bust for this person.</p>
<p>
[quote]
To get the most out of the MBA you have to be flexible about where you live. Someone I know who has excellent credentials (BS Eng. top school, great work experience) recently got a top school MBA and has struggled to get a decent job in one city. So far, it's been a bit of a bust for this person.
[/quote]
Isn't this the case for many positions though? Computer-related jobs tend to be concentrated in Silicon Valley. I hear there are plenty of biomed jobs around Boston, but not as many elsewhere. A lot of investment banks are headquartered in NYC. Unless your job deals with infrastructure or is providing a public service (such as law or medicine), there's a significant chance you might not have a position for you in every city.</p>
<p>"Isn't this the case for many positions though? Computer-related jobs tend to be concentrated in Silicon Valley. I hear there are plenty of biomed jobs around Boston, but not as many elsewhere. A lot of investment banks are headquartered in NYC. Unless your job deals with infrastructure or is providing a public service (such as law or medicine), there's a significant chance you might not have a position for you in every city."</p>
<p>If you place programming jobs under computer-related then Silicon Valley is definitely NOT a concentration point. I don't know why people think you need to live on the west coast to get a good computer job. There are pretty much endless opportunities for software related jobs here in Milwaukee and if you migrate to Chicago or Twin Cities areas there are even more jobs available.</p>