How to (if possible) make money in biomedical engineering?

Career Opportunities & Internships
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<p>This is a long post so here’s what I’m asking in short for those that dont wanna read the whole thing:</p>

<li><p>Is it possible to make a lot of money (at least 125k+) in biomed engineering?</p></li>
<li><p>Are there other jobs related to medicine besides BME and being a doctor that earn a lot of money (at least 125k+) and arent as competitive?</p></li>
</ol>

<p>Please tell me this without attacking my beliefs that money is the third most important thing (besides family and friends), even more than liking your job. </p>

<h2>Thank you for your time!</h2>

<p>Hi, I’ve been trying to think of some careers as a back-up in case I dont make it into medical school, and since I’ve always enjoyed science, I thought that biomedical engineering is a natural choice for a back-up. As I found out more about the subject, I think that I would like this job more than being a doctor because I like doing more research and application than performing procedures that can screw someone up. But the problem is, I know that engineering (unless you’re a star electrical engineer or software engineer), and especially biomed has a very low ceiling in terms of pay. </p>

<p>My question is, is it possible to make at least 120k+ in biomed engineering? I’m willing to do whatever it takes, grad school, business school, etc., but can it be done? </p>

<p>I know there’s going to be some1 here who is going to say “dont worry about money, worry about liking your job” blah blah blah etc. I’ve been told that many times, but I know that I wont be able to live without owning a merecedes, and a 3 story house with all the amenities. So just tell me how much a manager or consultant or something of Bio Med Engineers earns.</p>

<p>Thank you for your time!</p>

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<p>definitely it can be done. It depends on what kind of path you want to take though.</p>

<p>biomedical engineering degree --> work for a life sciences company out in california (biotech), do this for 3-4 years to get good experience --> either get a pre-MBA position at a Venture Capital firm or go to business school, get your MBA, and get a venture capital position coming out of school.</p>

<p>Your time at the biotech firm would give you the expertise that the venture capital firms are looking for.</p>

<p>Alternate ideas-</p>

<p>Patent Law</p>

<p>biomedical engineering degree + law school -> become a patent lawyer, make big bucks. they like people with technical backgrounds, you'd probably be able to specialize in biotech/drug company patents.</p>

<p>Finance Role (Life Sciences)
You can work for an Investment Bank, Hedge Fund, etc. Usually these guys have degrees that are more advanced than a bachelors though, but if you have ~4 years of experience working at a company you may be able to have enough experience to command the expertise. Then basically you go to work for one of these types of investment firms as a specialist in the life sciences field.</p>

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<p>Easiest way to make 100k</p>

<p>if you're going to a target school, get as high of a GPA as possible and try to get a job from an investment bank right from the get go. Target schools for ibanks are ivy leagues and other top colleges in America.</p>