We’ve talked several times about salary issues on EngineerBlogs.org. Over time, engineering salaries tend to level off, and one has to go into management to make more money.
On the other hand, a new study came out showing that, despite this plateau, engineers make more money over time than high school grads and nearly every other major. If you have an degree in engineering, Education Week reports that you can expect to make $1.1 million more than a high school graduate. (More if you have a graduate degree!) The down side is that engineering is not considered one of the most stable areas of employment…nor was it the most unstable.
The report noted that minorities still make a significantly less than their white counterparts, and women are clustered into the lowest earning majors.
One thing the study tracked was undergraduate major, but it didn’t necessarily state that the area in which people majored was also the one where they spent their career. I wonder if some people took their backgrounds in engineering and used them in other fields that were fairly lucrative.
So if you’re feeling down about your salary, just try to remember that it could be worse.