Engineers' salaries are much less compared to that of lawyers. Then where are all these high paid jobs, apparently there is a shortage of engineers so why are so many out of work if there is such a demand. Mid to senior engineers will be generally cost neutral within a decade, junior engineers - not so much. Another notable area of growth in the engineering industry is environmental engineering. Although the national unemployment rate is at an all-time low, many industrial employers report being unable to fill a high number of open engineering positions. One of the reasons why engineering is such a high paying job is that we are currently living in a technologically advanced environment. Thomas uses cookies to ensure that we give you the best experience on our website. If you are that motivated by money alone then you are probably right for the banking world - but don't claim engineers are badly paid. A Senior Engineer makes 250K a year in total compensation. Still grumpy. In honor of National Engineers Week (Feb. 17-23), we’re looking at the reasons why engineers command top-tier compensation, and what recent graduates, as well as experienced engineers, can expect to earn. 8 June 2016, 7:46 am. Flickr/Thomas Bonte. I was just wondering why they make so much money. In fact, there are a lot of company CEOs who have engineering degrees. There are engineers who create new products, such as food products and computers. Its common for Engineers to make upwards of 400K with only 5 years of experience. All Rights Reserved. Certain engineers decide to go to law school or medical school, while others make use of their engineering background to market an array of products. There are certain super power nations, but there exists more developing ones. Authored by Paul Petrone. This may also be because of the educational background that an engineer has to possess in order to become a professional. And why might one CEO make millions more than another? Since a lot of companies simply can’t operate without them. Global demand. Take a mechanical Project Manager: numerous skills required such as a broad engineering skill, administration skill, legal skills and often contract negotiating skills. The amount of specialized fields in the study of engineering opens plenty of doors of opportunities for engineers all over the world. Near-shoring will likely replace the off-shoring - in some cases it already does. We will sign you in via your own Facebook account to make it a smooth and secure process. Take a mechanical Project Manager: numerous skills required such as a broad engineering skill, administration skill, legal skills and often contract negotiating skills. These companies depend greatly on engineers for their increase in productivity. You go to the DMV, see the bored bureaucrat and you try to lighten their day. The cost of living is lower in the US as well as taxes. I know salaries are just generally higher in the US across industries, but I'm sure there are other good reasons for this, too. Why do data scientists in India get paid so much? Focused on connecting all professionals to economic … Here's why programmers and software engineers get paid so much more than you. The long-term earning potential for engineers is among the strongest in the U.S. job market, with several types of engineering being among some of the top paying professions across the country. Consider a typical job: You do the work, create value, get paid. They are traded among the top companies like athletes on a sports team. Share. Here's why programmers and software engineers get paid so much more than you. And because a top-tier manager doesn’t sweat 100 times more or work 100 times longer, adherents of the “employee mindset” naturally conclude it is “unfair” for CEOs to earn so much. We will send you a new temporary password right away. I'm an aircraft engineer for American Airlines and looking at all the pay on Blind I'm really shocked -- why is it that with the same engineering background aircraft engineers are paid so much less? And I think there are far fewer civil/environmental engineers that software/CS so why such a large discrepancy in salary? Last week Glassdoor published its most recent software engineering salary report. Many things have been said about how lucrative this career is, but you may be wondering why engineering is such a high paying profession. The big progress in technology is actually making companies desire to expand and grow significantly. I won't worry so much if you say you enjoy civil engineering, it … Can Your Company Help Provide Critical Supplies? Is a Professional Engineer License Worth It? Why women are still making so much less than men. Dave Smith, Tech Insider 2016-06-08T14:46:03Z The letter F. A ghost. 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