<p>If you have a degree in engineering and all you care about is making a lot of money, what's the best profession to go into (considering advanced degrees like med school and MBA are still options)?</p>
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If you have a degree in engineering and all you care about is making a lot of money, what's the best profession to go into (considering advanced degrees like med school and MBA are still options)?
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<p>I would try soul-reaping. Or winning the lottery.</p>
<p>Hahahaha.......</p>
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<p>a single, self-proclaimed philosopher and just sit around thinking about the only thing you care about...</p>
<p>go work in Iraq then you'll make plenty</p>
<p>Use your engineering skills to build a "robbing bank machine!".</p>
<p>Most likely if you want to be a millionaire your option are</p>
<ol>
<li>Investment banking </li>
<li>Invent something awesome </li>
<li>Earn enough capital to build a business </li>
<li>Change your last name to "Buffet" and pray.</li>
</ol>
<p>No, that's ludicrous! Use your engineering skills to MAKE money... literally. Why rob when you can counterfeit? lol. </p>
<p>Coming up the next great idea, such as facebook, will get you all the money that you want, though counterfeiting is easier, haha.</p>
<p>^LOLOLOLOL. That was too funny.</p>
<p>ken285 makes a great point!</p>
<p>Counterfeiting money is the best way to make tons of money.</p>
<p>I know what you are thinking--how do I get into this industry? You'll need a degree in Paper Engineering, here is the link.</p>
<p>College</a> of Forest Resources - Paper Science and Engineering Undergraduate Program</p>
<p>^Definitely go this path if you want to make a lot of money.</p>
<p>Just remember that modern scanners will prevent you from printing images of money, for you weekend warrior counterfeiters.</p>
<p>IB or consulting. (IB if your school is prestigious enough, and if you have gpa at least above 3.5)</p>
<p>but then, unless we were talking about IT consulting, you don't have to major in engineering in the first place.</p>
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If you have a degree in engineering and all you care about is making a lot of money
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Then you've made a series of bad decisions and should start work in something not called Engineering quickly.</p>
<p>If you have a degree in engineering and all you care about is making a lot of money, then you just screwed yourself over. Doing engineering won't get you a bulk load of money, but you'll have enough to live though.</p>
<p>What's investment banking? Do they have it at UMich?</p>
<p>If you want alot of money Do the following</p>
<ol>
<li><p>Work for 3-4 years and completely pay off loans, Live Frugal and Max out Roth IRA(which you should already have if you are at least 18). Don't buy car or anything. I mean Frugal. Hopefully you can live at home.</p></li>
<li><p>Over those 4 years learn finance better than anybody. Read Read Read. Always max out Roth from now on.</p></li>
<li><p>Keep working after 4 years, but now you will want to invest alot. Keep working, untill you can quit work and have your assets making your income for you. Meaning if you worked for 50K a year, you should have capital gains of 50K a year. This will defiantly take more than 4 years but can be done in 8-10.</p></li>
<li><p>Now you can do whatever you want and Hopefully you are under 32.</p></li>
</ol>
<p>5a. Start your own company, but still invest. You only use capital gains to run business.<br>
5b. Or you can just keep investing and live off of that.</p>
<ol>
<li> Get Business off the ground and keep going from there.<br></li>
</ol>
<p>You can make it as you would like, but 90% of the richest people in America live the lives of those who makes 50K a year. Frugality and minimizing your taxable income is what separates the wealthy and rich.</p>
<p>you can also start your own company sooner, but again the majority(2/3 actually) of wealthy folks are self employed.</p>
<p>I still prefer ken285's money-making method. You can retire at a young age and have time to have sex with your spouse.</p>
<p>petroleum engineering.</p>
<p>Investing is definitely where it is at. If you can sock away 10k a year from your paycheck, then even with returns of only 10% a year, you will have a million by the time you are about 45. If you can manage 15% a year, the million will be there by about age 40. With 10% capital gains on a million, you can live a good lifestyle simply off of the return on your investment without ever touching the principal.</p>
<p>This is one of the benefits in my mind of engineering's high starting salaries. You don't have to work for 20 years to start earning the big bucks, and because of this, compounding is on your side if you start investing early. Stashing away 10k from a paycheck of 60k is definitely doable, and you don't have to live too frugally to do that either.</p>
<p>well mo24, if they say engineers are going to start making 50-60K a year, right after graduation. Depending on what state you live on and city,</p>
<p>Lets take NY state for instance, if you were to start off with 50K a year salary you will only get $31106.25 of it.</p>
<p>There are ways to invest pretax thogh.</p>