Engineering Graduates Again in Great Shape
Posted on May 9, 2008 Comments (14)
Once again engineering and computer science graduates are receiving the highest starting salaries. Previous posts: Lucrative college degrees (2006) – starting salaries for engineers (2005) – High Pay for Engineering Graduates 2007.
According to a survey, these are the top-paying majors for 2007-08 bachelor degree graduates:
$63,616 — Chemical engineering (up 6.5%)
$59,962 — Computer engineering
$59,873 — Computer science (up 14.7%)
$58,252 — Industrial/manufacturing engineering
$57,821 — Mechanical engineering (up 5.7%)
$57,999 — Aerospace/aeronautical/astronautical engineering
Source: Spring Survey, National Association of Colleges and Employers
Engineering Jobs Top U.S. Skills Shortage List
Grads’ job prospects weakening by degrees
“I’m finding jobs pulling at me left and right,” he said last week at a manufacturing industry job fair at the college. “The professors told us there’s such a demand, if you go to a job fair, you can walk out with a job.”
Vela, 35, happens to be in a field where demand remains strong, despite the uneven economy. Overall starting wages for mechanical engineering grads will be up 3.4 percent this year, with an average salary offer of $56,429, according to the National Association of Colleges and Employers. For many other college grads looking for a job at this time of year, the prospects are not as sweet.
Related: Career Center report high increase in demand for computer science graduates – IT Employment Hits New High Again – S&P 500 CEOs – Again Engineering Graduates Lead
Starting salaries: What the future holds (UK)
It really does make sense to go into engineering, if you have the right A-levels because most engineering degrees lead to well-paid jobs. The aspiring chemical engineer can earn £25,136, and the civil engineer £22,392 in their first job. Engineering is better paid than computer science, widely regarded as a sensible option for those who are interested in technology.
IT graduate salaries Surge 17% in India over the last 2 years
This year, the average annual IT services pay packets have risen to Rs 2.74 lakh taking it closer to the average annual product company compensation (Rs 4.63 lakh) in the country, though some product companies pay almost 70 per cent higher salaries than services companies.
In a campus compensation and student perception survey brought out by CareerNet, a Bangalore-based recruitment company, it was found that while in financial year 2007, about 44 per cent of the students took home a sub-Rs 3 lakh per annum pay packet, this year only 12.6 per cent received salaries less than Rs 3 lakh.
And 17 per cent of the students managed to get more than Rs 5 lakh annual salary. Graduate hiring across all companies have increased by almost 50 per cent. Last year, about 15-20 per cent of the campus hires in the Big Five Indian IT services firms were science or computer science graduate, while this year, almost 30 per cent of those hired will be graduates.
Demand high for technical grads
…
Participants in Shelton State’s technical programs, however, are unlikely to experience that problem anytime soon. Job Placement Center representative Mike Fields said about 95 percent of the 200 or so students about to graduate with two-year technical or associates degrees already have jobs. ‘On the technical side, the job market is still very, very strong, Fields said. ‘It’s been that way for some time.’
Categories: Career, Economics, Engineering, Students
Tags: computer science, Engineering, engineering education, India, jobs
14 Responses to “Engineering Graduates Again in Great Shape”
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May 10th, 2008 @ 12:25 pm
Very useful information. A bid discouraging though, I will finish my bachelors degree in december and it is not in one of the top fields. Thanks for the information.
May 11th, 2008 @ 7:29 am
I’m glad to see the ‘Chemical engineering’ is up, due to me being a chemistry student. In the UK we’re still struggling with the fact that EVERYONE is now doing a ‘degree’. Unfortunately most people’s ‘degrees’ are on useless subjects that require little or no work to pass. This in turn is pulling down the authority of such degrees like mine.
Although currently I can’t see anything being done about it, it’s good to know that the average starting wages seem to be at a warranted level.
May 14th, 2008 @ 6:29 am
Hi,
What would you say guys if you worked in Poland? Computer Engineer earns 5-6 times less and prices are at the same level as in your country :/
May 20th, 2008 @ 9:20 am
The National Association of Colleges and Employers, or NACE, has just published its latest survey on starting salaries. Engineering fields again command the highest salaries…
June 24th, 2008 @ 10:10 am
“More than 850,000 IT jobs will be added during the 10-year period ending in 2016, which would be a rise of 24%. Add all the jobs that will replace retiring workers, and the total increase could be a tidy 1.6 million…”
July 24th, 2008 @ 1:05 pm
“For decades, the typical college graduate’s wage rose well above inflation. But no longer…”
September 21st, 2008 @ 5:08 pm
Computer science I believe one day will surpass computer engineering. But in a way, one thing is to be an engineer, and one thing is to have a major in C.S.
All in all, C.S. does increase daily as the need is bigger and bigger.
December 3rd, 2008 @ 2:14 pm
http://hr.blr.com/news.aspx?id=78319
Until wage suppressing visas like the infamous H1B American worker replacement program, and it’s off shoring helper L1 visa talented American students will chose other professions that are protected from such abusive policies like Law or Politics.
Ask the obvious question “What happens when you import hundreds of thousands of workers into a specific field?”
I have an EE degree and a CS degree 20 years experience and an IQ of 156, I have been unemployed for two years.
Engineering 6 years of training for a three year career.
In 20 years of IT work in the midwest I have never seen wages as high as those listed. Lies Lies Lies.
December 3rd, 2008 @ 2:21 pm
Take it from a 5th generation American engineer. The combination of off shoring and H1B visa abuse has ruined Engineering as a career for Americans.
Remember that frat boy with an MBA who spent most of his time in college with a blood alcohol level of .07 will be YOUR boss, with a much greater potential for income and advancement than a lowly Engineer(corporate think).
I love Engineering, It’s in my blood, but I wouldn’t let my kids go into the field until all the cheap imported guest workers are sent home.
January 22nd, 2009 @ 11:02 am
I’m 26 and completed a Bsc in Physics, mathematics and Archaeology after doing a year of Mech Eng. After that I did a post grad in management and have worked for a number of blue chip firms in an analytical and now managerial role. I have a lot of engineering and science friends and I must agree that as a route to wealth, corporates are great. Both myself and my best mate (a comSci grad who now works as a project manager for a oil company) earn more than all our friends in eng/tech roles + the perks are much better. I’ve also noticed that science/eng people tend to do much better in a typical ‘commercial’ setting due to our problem solving focii.
Next year I am going back to University to study Astro Engineering because I can no longer stand the inanity of the commercial world. I thought ‘wow!’, big names, flashy offices, lots of money. If you want to make money go the commercial route, as an engineer you can do really well as a managerial consultant.
I have found my 4 years in commerce totally unfulfilling in an educational, emotional and contributional sense (to society).
Proffessions are quickly being moved to the side in terms of earnings globally. Do it if you love it.
February 16th, 2009 @ 10:05 am
Hey guys,
I agree, in UK engineering is a well paid and valuable career. Not only that employers demand for computer science/engineering grads, but the students are also interested to opt for engineering as their career. As per one of the most recent Oxbridge survey Engineering and Technology both ranked fifth when students were asked for the most popular career sector. People who opt for this career definitely has an advantage on other grads to make more money.
August 7th, 2009 @ 3:22 pm
[…] Engineering Graduates Paid Well Again in 2008 – High Pay for Engineering Graduates in 2007 – Engineering Graduates Get Top Salary Offers in 2006 […]
October 9th, 2009 @ 6:15 pm
Very useful information. Tiny bit discouraging though. I’m glad to see the mathematics is up, due to me being a mathematics student.
Proffessions are quickly being moved to the side in terms of earnings globally. Do it if you love it.
September 7th, 2014 @ 12:33 am
I take pride in studying in chemical engineering