<p>I think that I would enjoy studying engineering, but, after reading myriad forums on the salaries of engineers, I am concerned that I will not be able to live the lifestyle that I want. No I am not a golddigger, nor do I expect to be a millionaire, but 150K as a max salary will not be enough. I was wondering about potential salaries working about a 70 hr workweek with an engineering degree and an MBA.</p>
<p>Wow........</p>
<p>What positions in the workforce do you think make more than 150K/year?</p>
<p>Investment bankers make 150k right out of undergrad. </p>
<p>Of course to them, a 70 hour workweek would be akin to a vacation.</p>
<p>lol this guy sounds like me. Rock on dude. You're going to get flamed like no other for posting this like I have, but I'll help you out when they do because I want to know this as well, and because I know not everyone who wants to live in luxury is a whore.</p>
<p>There has to be a tradeoff somewhere. It's definitely possible to have a job where you'll earn more than 150k at some point, but you have to earn it. Go into medicine, law, finance, or start your own engineering firm, but you can bet you'll be working your butt off in those fields and likely more than 70 hours a week sometimes. Can't have the best of both worlds.</p>
<p>150k - tax will net you 100 k probably :D</p>
<p>As I said before, I'm not trying to be a money whore, I simply want to be prosperous, an engine of the economy. Back to my initial post, can someone explain to me much about working in engineering startups, i.e. how to get these positions. Also, when I say 70 hrs, I mean when I'm 30, before 30, I am willing to work, big time. Anyways, could someone also explain to me mabye the potential of climbing the corporate ladder at somewhere like BP, Exxon-Mobil, places I could start at with an engineering ug and then mabye return with an MBA to make more.</p>
<p>Also, what is the best combination of salary, hours, and enjoyment for someone who is highly curious and ambitious: law, investment banking, or engineering + MBA (working at an engineering company).</p>
<p>Along the realms of this topic, what school should I choose between the two: Notre Dame or Illinois? With Illinois, there are incredible engineering facilities + cheap instate tuition. ND offers an unparalleled fraternity, many connections, much less respected engineering, 50k a year tuition. Tuition is not that big of a factor but a factor nonetheless. In terms of feel, I like both schools equally, but I would be concerned if I went to ND and studied engineering when I could have gone to illinois for cheaper with much better facilities and possibly better job recruitment from engineering companies. What should I do?</p>
<p>
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BP, Exxon-Mobil
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</p>
<p>I work for one of these companies. I have an MBA and B.S. in Chem E. I don't make near $150k, but I do make a good living and am in 6 figures.</p>
<p>The big companies have very structured compensation and bonus plans. Salaries are very market driven...it's harder to standout and get a huge increase. But, benefits are phenomenal.</p>
<p>My boss has said, you won't get filthy rich working as an engineer in the oil business, but you will make a very good living.</p>
<p>Go with UIUC for engineering, and save yourself some money.</p>
<p>thanks. I'd be fine without 150k, as long as I am able to support my family adequetly and pay for my kids to go to college. UCB, just wondering how you chose engineering in the first place over the other career fields that may yield extreme wealth. btw, how do you like your job, what do you do on a day-to-day basis?</p>
<p>I am not a people-person, not an extrovert, but I am, coincidentally, a leader, and I was wondering what engineers do with an MBA on a day-to-day basis. Is sales your primary function? b/c that is not what I want, though I could handle a bit of it.</p>
<p>btw, how's uiuc's reputation in among these energy giants?</p>
<p>if you work for these oil companies do you have to spend months on rigs out at sea?</p>
<p>ahh just the thread i was looking for.
i am very interested in MBA+MS in engineering.
my question is the same...how much do you get paid?
also what are the work hours like?
i searched and searched google...but cud not find anything!!</p>
<p>thanks</p>
<p>=DD</p>
<p>I suspect that you either get paid for your technical skills (the MS) or your management skills (the MBA), but not both.</p>
<p>hmmm
you would not paid more as an engineer with mba?
perhaps the mba qualifies you for management positions at an engineering firm?</p>
<p>eng+mba=awesome+versatile combination</p>
<p>lol
Irutavias...wud u like to elaborate on that please?</p>
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UCB, just wondering how you chose engineering in the first place over the other career fields that may yield extreme wealth. btw, how do you like your job, what do you do on a day-to-day basis?
[/quote]
</p>
<p>Family history and an interest in engineering I guess. When I went to school I didn't know beforehand about finance and investment banking, etc.</p>
<p>My job day-to-day isn't that glamorous. I don't work out on in the exploration platforms/fields. I'm a business analyst at a refinery...refinery office job preparing financial review documents for projects...building an economic justification.</p>
<p>
[quote]
Is sales your primary function? b/c that is not what I want, though I could handle a bit of it.
[/quote]
Not sales...but, opportunities exist in marketing and trading, which are more sales oriented.</p>
<p>
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btw, how's uiuc's reputation in among these energy giants?
[/quote]
Very respected.</p>
<p>
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if you work for these oil companies do you have to spend months on rigs out at sea?
[/quote]
If you're a petroleum or drilling engineer, then yes. Also, oil field service firms like Halliburton and Schlumberger hire a lot of engineers that work out in the field....excellent pay if you like that lifestyle.</p>