<p>Please don’t try to pick a career, let alone an engineering track, based on how much money you’ll make. Not only will you wind up being miserable, but you’ll also probably be lousy at whatever you pick. Aim for doing something you like.</p>
<p>I’m 30 years out of college now, and can tell you that, save a guy who worked his way through college and then went to work after college for some guy he went to high school with in Seattle who had started some tiny software company, the engineers from my graduating class who have managed to earn the most money did so by working in venture capital, in private equity, or on Wall Street as traders or sales reps. Lots of non-engineers went into those investment banking jobs as well, and earned just as much money. </p>
<p>There were also some engineers (who moved into management positions) who did get rich via equity when their companies took off and were sold or went public. And yes, that one guy I mentioned above happened to go to high school with Bill Gates and probably has assets of about a billion dollars or so now. He was not only lucky, but also has intelligence that puts him at the 1 in 10,000 level.</p>
<p>Engineering can be a great career, if you like building things, creating things, fixing things, solving technical problems, spending enormous amounts of time on detail, and doing all of the other things that engineers do. You can be successful in any engineering discipline, financially and personally. </p>
<p>You can also be wildly financially successful with a history degree - I have classmates who’ve earned millions of dollars, even hundreds of millions dollars, with degrees in history or English or economics (and some who have quit these jobs because they hated the work and the pressure, despite the huge incomes).</p>
<p>Those who go into a field just to make money usually don’t succeed at it, whether it’s in engineering or the more lucrative finance field. Engineering schools are littered with corpses of kids who washed out in engineering, in part because it’s hard, or in part because they had no interest in it, but went into the field for the money or because Dad was a machinist and said that engineering was the best way to go.</p>
<p>You have the choice now to go do something you want to do; if you really love it, it will show, and you’ll be successful personally, professionally and financially. And hopefully, you’ll even wind up being happy.</p>