Engineering Graduate Job Market

Posted on June 5, 2007  Comments (2)

Employers find there are few graduating engineers left to hire as dot-com debacle of five years ago fades into history by Mark Savage, Cornell University:

Average B.S.-level salaries for engineering graduates, which had dropped by 10 percent to $52,503 in 2002 from $56,072 in 2001, grew slowly. By 2006 (the most recent year for which validated data is available), salaries had finally surpassed 2001 levels with starting salaries averaging about $57,000 and $66,000, respectively, for engineering undergraduate and master’s degree graduates.

the marketable skills that engineering graduates bring to the workplace are also of strong interest to a broad range of industries and functions not typically associated with engineering, from consulting and financial services to sales and marketing. Nearly 50 percent of Cornell’s engineering students embrace these nontraditional career paths.

To be sure, these students are eager to use their technical skills, but they want to practice them in a business applications environment, often found in the financial services or consulting sectors. They are less attracted to the traditional “hard core” engineering roles that defined engineering graduates a generation ago. Thus, it is not surprising to find IBM Business Consulting Services, Goldman-Sachs and Capital One standing alongside Microsoft, Lockheed Martin and General Electric among the top 10 employers of Cornell engineering graduates.

Engineering graduates continue to receive excellent salary offers, as I have mentioned previously: Highest paying college degrees. And don’t forget more S&P 500 CEOs are Engineering graduates than are graduates of any other discipline.

2 Responses to “Engineering Graduate Job Market”

  1. Oliver
    June 7th, 2007 @ 3:05 pm

    It’s great to see that engineers are so in demand. Germany also has a similar problem filling engineering positions due to lack of qualified graduates and employees and it doesn’t look like it’s going to get better any time soon.

  2. Anonymous
    September 1st, 2009 @ 2:17 am

    well, it all depends on the country, in mine, Uruguay, engeeneer is a very difficult carreer with high percentages of abandon, and what its wordt is that most of the graduated gone to work abroad

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