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<p>Those who have a PhD in engineering make more than 60k a year. In fact I’d argue that quite a few PhD grads get starting salaries >100k. Take a look for example at the average starting salary for PhD Mechanical Engineers at Stanford. It’s $102,875. Yes I’m sure the company makes a lot more out of them than that every year but honestly that’s not a bad salary at all. Yes you can become a business man and make much more than that but some people don’t really want to make millions of dollars-they just want to live a comfortable and pleasant life.</p>