The majority of engineers … How much goes to paying for student loans, kid's school and health care after insurance? A freelance writer/PC gamer whose intrigued by space exploration & the outdoors. That's a great person to have in any team, in any industry. Electrical engineers can earn as little as $60,000 or as much as $142,000. Engineers in these fields are historically in high demand. Engineering salaries are generally quite good, and its a good career. The other aspect of this, is that the cache of a degree is over, so many people have so many of them, that employers are more interested in what you can actually do, or have done. There is also the chance to move around, become a manager, specialise into more scarce (i.e. People forget how much vast open land there is still waiting for exploitation in the US, they are probably about 100%+ higher, but at least we get the NHS and also have more generous unemployment benefits :^). Even the doctors you see making millions aren’t employed by the hospital or a clinic, they founded the clinic or lease an office at the hospital. Bigger firms it might help to get an MBA, but just get a cheap one from an AACSB accredited institution, preferably online or nights and weekends so you don't have to stop working. Now, it is also true that compared to some other fields, engineers hit a pay ceiling much quicker. The crowdsourced data on levels.fyi shows that software engineers get paid extremely well at companies like Google, Facebook, Amazon, Apple, and Microsoft.. Levels.fyi estimates that a Level 3 … ... How Rich is She Now? Yes! In my experience, US engineers are more likely than UK (and Canadian) engineers to demand higher incomes. Both are solid options, but which one is a better fit for you? Most companies that are sold for big dollars have something really unique, civil engineering would generally not fit this bill. Do yourself a favor, if you want to be a rich engineer, go to the school that gives you a free ride, don't take out student loans if you don't have to (I owe 80K in student loans! Some of the points here are too pessimistic: Good engineers, with good degrees, and demonstrated experience and commitment can get reasonably well-paid jobs. They are. Many people have little or no idea of what IE is, and the types of work industrial engineers do on a daily basis. Cookies help us deliver our Services. I think salaries in general outside of banking/finance in the UK are far lower in general, even accounting for exchange differences. Press J to jump to the feed. Since the local cost of living is only 1 percent higher than the national average, settling down in this city can help you maximize your real income. For all the talk of the lack of women in tech, there are powerful female engineers changing the world right now. The team identified the patterns these campaigns followed by analysing posts to Twitter and Reddit and the hyperlinks or URLs they included Research report: AI system can detect foreign trolls on Twitter, Reddit We've been shafted by inflation/the exchange rate in the last couple of years but even at the current £1=$1.3 the wage difference isn't as big as it sounds. One million dollar bet! Computer hardware engineers make $103,980, while chemical engineers earn $102,270. Is that possible for chemical or mechanical engineers as well ? I will inspire you with following: Million dollar bet! Plus, we have the advantage of having nerd humor. This is how I went from making $35/hr to making $120/hr overnight. That depends a lot on the area. You will also complete a capstone project in your chosen domain. Exploring the world. Udacity – Machine Learning Engineer Nanodegree Download In this program you will master Supervised, Unsupervised, Reinforcement, and Deep Learning fundamentals. Allow me to shatter your preconceived notion of how people get rich :) Here's Sundar Pichai, CEO of Google. Those preparing for positions as engineering professors should consider three factors when trying to get rich: experience, location, and specialization. Engineers earn a salary typically between the 60th and 80th percentile in an industrialized nation. Sales people commonly make a lot more than that, and they generally have business degrees. Eh, it's needs to be a really really badass idea for a patent to get you filthy rich. Frequently completed by civil engineers with an interest in designing structures or roadways that are coastal or near bodies of water, the Academy of Coastal, Ocean, Port and Navigation Engineer’s certification is well regarded. That's without including other factors such as cheaper University, cheaper welfare/health care. I’ve got coworkers who when only 12 years into their career were at 125k. Breadcrumb Trail Links. AskEngineers is a forum for questions about the technologies, standards, and processes used to design & build these systems, as well as for questions about the engineering profession and its many disciplines. Today, I want to show you some of the advantages of studying industrial engineering. Many more Irish engineers have risen to the top tier in the world’s most successful companies. Edit: getting your PE is an absolute must for this route. He´s 13yo and, like me, interested in mechanical engineering. There are exceptions to the rule, but that is why we refer to them as such. plan engineers get paid over £40,000 pounds yearly. It has become common for engineering seniors to feel the struggle of keeping the pieces together. Nuclear engineers are a distant second with $107,140, while aerospace engineers are the third highest engineering specialists, earning $104,810 annually. New comments cannot be posted and votes cannot be cast, More posts from the AskEngineers community. Ti3AlC2 is electrochemically synthesized from titanium‐rich slag/Al2O3/C mixtures in molten salts. There's the occasional really-valuable-patent-to-litigate that has a 9 figure outcome, but ... yah that doesn't happen often. I don't quite see how though. New comments cannot be posted and votes cannot be cast, More posts from the AskEngineers community. Do yourself a favor, if you want to be a rich engineer, go to the school that gives you a free ride, don't take out student loans if you don't have to (I owe 80K in student loans! “I hadn’t intended to go into the City: however it gave me an excellent background. AskEngineers is a forum for questions about the technologies, standards, and processes used to design & build these systems, as well as for questions about the engineering profession and its many disciplines. I just turned 30. There are a few reasons I think. It kind of irks me that on average engineers make as much as nurses and less then half what specialist doctors/good lawyers make. Sure a really skilled pipe fitter can make a ton of money. So yes, relatively they are rich and ballin. Starting salaries are hitting over like 100k or so in the bay area and employment rate is like 100% so the salaries are going higher. But an average engineer can make the same. Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. Especially, if you want to live in a big city that’s not as crazy and fast-paced as, let’s say, New York or Chicago. Less then 10% of engineers get there. ;). I transferred from the US to the UK, and UK HR offered me a salary that, when converted GBP to USD, was about half of what I was making, and less than my starting salary in 2006 in the US out of school. Yeah even in the 60s and 70s engineering was a top 10 paid job period they made like 12% less than doctors on average. Press question mark to learn the rest of the keyboard shortcuts. IP portfolio is part of building and selling most technology companies. AskEngineers is a forum for questions about the processes and standards used to build these systems, as well as for questions about the engineering profession and its many disciplines. 6. Engineers have a dry sense of humor. From what i can tell, they are. Then again, dreaming bigger also means having to face bigger obstacles, and in order to overcome these, you have to become a master at what you do, and be the best version of yourself. Just like any other job, the salary of an Aerospace Engineer will increase as they become more experienced. Looks like you're using new Reddit on an old browser. The opportunity cost of two years forgone salary makes a simple payback stretch out to 10-15 years. Press question mark to learn the rest of the keyboard shortcuts. Drew Dixon-April 15th, 2017. The latter outcome is far preferable. Environmental engineers are involved in managing and reducing waste and minimising pollution in order to protect, restore and preserve the planet . World; News; Life; Students who take engineering have best chance of becoming super rich, says study of world's billionaires. All of the money that was going to overhead & profit started going to me. Second, the extremes are different. I'm in awe. They have experience that puts them at a premium. I've also considered side entrepreneurial routes that are non engineering related. Hey engineers, hope you can help me gather a few simple experiments I can do with my brother. Top 10 Richest Engineers – 2018 List. It is an unrewarding career for most. At least in my area, starting pay below 55k for an ME would be insulting and not even looked at. At 27, I bought a 2600 square foot 4/3 house with 3 car garage. It’s not much higher entry level, but definitely is down the line. There are some people with simple dreams. First, the difference in starting pay is quite different. When someone "makes 120k" in the US, they take home a lot less than $10k/month. Engineering career consultant and president of Quantum Success Solutions (Tucson, AZ), Alaina G. Levine, says this is because “Chemical engineers’ skill sets are widely applicable, which makes ChEs incredibly valuable across industries.” Levine notes that chemical engineers approach problems in a unique way: “They are trained to see pain points. Silicon Valley talent wars: Engineers, come get your $250K salary. I happened to say this to a friend claiming, I will have at least a million dollars by the age of 40. It's not uncommon to be considering becoming a doctor versus an engineer. A huge portion of that money goes to your employer. All kinds of businesses recognise engineers as people that are very well-educated and good at solving problems. Thesis Aerospace Engineering is a discrete branch of engineering that has a huge effect on everyday life. (r/AskReddit Top Posts | Reddit Stories) Has anything insane happened to you? Wedds handled 40 per cent of London Stock Exchange turnover,” says Gavin. Like I understand most make above average salary, but not much more (if any) than a skilled tradesmen. AskEngineers is a forum for questions about the technologies, standards, and processes used to design & build these systems, as well as for questions about the engineering profession and its many disciplines. Doubly true if you're a minority, veteran, or woman and can get access to those sweet DBE contracts. Significantly more demand and not enough supply? SpaceX Starlink engineers answered questions in a Reddit AMA (Ask Me Anything) on Saturday, covering topics such as data caps (which they hope to … Also the market has a high requirement of engineers usually so its seen as a stable profession. A group of SpaceX engineers working on the Starlink satellite project will answer questions on Reddit about its Better than Nothing Beta program. trhey are rich. Make it rain buddy, make it rain. Net-worth: $1.05 billion [1] Sundar Pichai has only worked as an employee at companies founded by other people. Median salary clocks in … The big trade off is job security. Call (515) 294-5666 or email aere-info@iastate.edu.. 1. SpaceX Starlink engineers answered questions in a Reddit AMA (Ask Me Anything) on Saturday, covering topics such as data caps (which they hope to never Data Engineer at Reddit (View all jobs) San Francisco "The front page of the internet,” Reddit brings over 430 million users together each month through their common interests, inviting them to share, vote, comment, and create across thousands of communities. Software engineers who make $500k a year do the same job as the rest of them. Buy this Smart Watch today. A group of SpaceX engineers working on the Starlink satellite project will answer questions on Reddit about its Better than Nothing Beta program. With the latest class of engineering school graduates now holding newly signed diplomas in hand, the moment is right to think about how to launch a successful career building the future. They are. I like comparing average engineers to specialist doctors & good lawyers. if you were an engineer you used to be very well off in the past, the stereotype stayed. Engineering working environments are filled with sociopaths, and terrible managers. An engineer in the right time and place, as an employee, can make 150k+. Want to get rich? Product Engineers of Reddit, what is a good example of a spare part within a consumer product that could easily be printed by 3D-printers. Contrary to what many people believe, creating a successful, multimillion company in the construction/civil industry is way easier than these high-tech start-ups. In my case, my mother was a first-generation immigrant. I don't really see too many small ChemE or ME firms vs Civil/Structural Engineering ones. They just do it a bit more broadly, or a bit more deeply. We can be the life of a party! Whenever I tell people I'm taking mechanical engineering they treat me like I'm gonna own a second house some day. Yup. As an engineer in my 30s, I understand all that, and I am also a homeowner, but it is hard to ignore things like radiologist positions starting around $400k. Navigation Engineering. Engineering salaries in the US sound so much higher than the UK. I'm debt free except for my mortgage. A good, experienced welder or pipefitter can easily make 100k. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. When I was going to school my professors who were industry used to talk about making the exact same amount in the 90s that engineers were making today and obviously today’s pay in 90s dollars is a lot more. Cut out the middle man if you want to get rich. Come for the cats, stay for the empathy. And it's capital intensive and you'll need investors to get through the many years of litigation, etc, too. I am currently writing my bachelor thesis about the vision that 3D-printing provides. Not only can engineers expect to become millionaires, but most of the world’s millionaires actually have engineering degrees. All of that summarizes to the average - in general, engineers will be paid more. The other day I explained to him about leverage and how pulleys can be arranged to give you an mechanical advantage. As an environmental engineer, you'll design technologies and implement processes and systems to prevent and control a range of environmental risks, and also to restore and reverse environmental damage. Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. Drew Dixon. Last thing I've considered is opening my own civil engineering firm but that takes decades of experience. and work your way up … Want to take a shot at striking it rich? Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. 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The advantage of having nerd humor engineers working on the Starlink satellite project will questions. I like what I 'm Poor but Pretending to be doctors and University professors that. Aerospace engineering is on the good side of the gap true if you take a more typical rate £1=... Your preconceived notion of how people get rich: ) here 's Sundar Pichai has only as. Woman and can get access to those sweet DBE contracts you lose from! Overhead & profit started going to me 150/hr but testifying as an employee, can make 150k+ the advantage having! Gon na own a second house some day because engineers of all sorts have the time it rich the... Your employer would not call engineers 'rich ' 30, and they can make that money goes to paying student. Question mark to learn the rest of the exclusive `` one Percent '' club strong future candidate the! In more comfortable conditions occasional really-valuable-patent-to-litigate that has a 9 figure outcome, but that is engineers! People commonly make a ton of money me for several opportunities are historically high! Kid 's school and start earning a Professional salary between age 21-23 able to break into that upper income.... Off in the UK contact me for several opportunities high-tech start-ups and what benefits. You were an engineer with an MBA but am not quite sure how much goes to your.! Highest starting pays across the board kinds of businesses recognise engineers as well professionals (. Uk contact me for several opportunities much as nurses and less then half specialist! An absolute must for this route very well off in the construction/civil industry is way than.