are engineers rich reddit

Most engineers don't make as much as a medical doctor but they still do ok. Usually the "engineers" who make a lot of money have moved across into management, so they aren't being engineers even if they are in an engineering field. As much as I like what I'm studying, I want to somehow be able to break into that upper income bracket. They top out at $120-125k unless they move to management of some sort. First, the difference in starting pay is quite different. They have experience that puts them at a premium. 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. Little firm (<50 people) owners hover in the $200kish range, big firm (500+) have SVPs, EVPs, and board guys in the $300-600k range. trhey are rich. Ti3AlC2 is electrochemically synthesized from titanium‐rich slag/Al2O3/C mixtures in molten salts. Edit: getting your PE is an absolute must for this route. Lastly, some focus areas (e.g. We got it straightened out but it took management to basically tell HR what the story was. It’s not much higher entry level, but definitely is down the line. One million dollar bet! ... How Rich is She Now? 6. “I hadn’t intended to go into the City: however it gave me an excellent background. When we think of billionaires, most of us automatically assume that the person must have a degree in Business Administration. And it's capital intensive and you'll need investors to get through the many years of litigation, etc, too. They are. Engineers have a dry sense of humor. Buy this Smart Watch today. Like general structural work might be $150/hr but testifying as an expert witness might be up to $350/hr. At 27, I bought a 2600 square foot 4/3 house with 3 car garage. You would not have to buy a business to take their talent away. Navigation Engineering. 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 :^). However, the report suggests that you … If you take a more typical rate of £1=$1.5 it's pretty close. Last thing I've considered is opening my own civil engineering firm but that takes decades of experience. I'm in a very niche industry and have had employers in the UK contact me for several opportunities. Just like any other job, the salary of an Aerospace Engineer will increase as they become more experienced. Udacity – Machine Learning Engineer Nanodegree Download In this program you will master Supervised, Unsupervised, Reinforcement, and Deep Learning fundamentals. Cut out the middle man if you want to get rich. Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. 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 … They just do it a bit more broadly, or a bit more deeply. One of the most pressing issues the industry faces is an aging workforce. But an average engineer can make the same. The US and the UK have a very different culture around money. And the engineers who make a fortune have usually started their own business. Wedds handled 40 per cent of London Stock Exchange turnover,” says Gavin. Students who take engineering have best chance of becoming super rich, says study of world's billionaires . 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. plan engineers get paid over £40,000 pounds yearly. Less then 10% of engineers get there. Not only can engineers expect to become millionaires, but most of the world’s millionaires actually have engineering degrees. There are a few reasons I think. Of course an engineer can become a millionaire. Engineering salaries are generally quite good, and its a good career. Civic engineers must have at least 12 years of experience and hod a master’s level degree. 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. Top 10 Richest Engineers – 2018 List. Engineers earn a salary typically between the 60th and 80th percentile in an industrialized nation. 1. An engineer in the right time and place, as an employee, can make 150k+. Drew Dixon-April 15th, 2017. Currently 30% of engineers are 55 or older, and 17% are over 65. Yup. Engineering salaries in the US sound so much higher than the UK. I happened to say this to a friend claiming, I will have at least a million dollars by the age of 40. Whenever I tell people I'm taking mechanical engineering they treat me like I'm gonna own a second house some day. I will inspire you with following: Million dollar bet! 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. Press question mark to learn the rest of the keyboard shortcuts. SpaceX Starlink engineers replied questions in a Reddit AMA (Ask Me Anything else) on Saturday, masking subjects corresponding to information caps (which they hope to by no means put in force), when the general public beta will amplify to extra customers, and the way the satellite-broadband provider will amplify and alter one day. 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. 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. That's enough to save or invest money (assuming good spending habits), but I would not call engineers 'rich'. The Engineer's Salary Survey has found that graduate/junior engineers earn, on average, £30,557 per year in 2018; compared to an average of £47,972 for senior engineers/managers and £72,072 for engineering directors or above. It's not uncommon to be considering becoming a doctor versus an engineer. 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. Electrical engineers can earn as little as $60,000 or as much as $142,000. Sales people commonly make a lot more than that, and they generally have business degrees. Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. Press J to jump to the feed. Just think about it - how many years you lose money from your tech start-up? A good, experienced welder or pipefitter can easily make 100k. By using our Services or clicking I agree, you agree to our use of cookies. It kind of irks me that on average engineers make as much as nurses and less then half what specialist doctors/good lawyers make. Engineering is a lucrative profession. A freelance writer/PC gamer whose intrigued by space exploration & the outdoors. So yes, relatively they are rich and ballin. They are. However, as we head into 2020, the engineering sector continues to experience a deficit of skilled workers. Cookies help us deliver our Services. At least in my area, starting pay below 55k for an ME would be insulting and not even looked at. Make it rain buddy, make it rain. Disciplines that will see the most growth include civil engineering, mechanical engineering and electrical engineering. Eh, it's needs to be a really really badass idea for a patent to get you filthy rich. 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. 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. Cookies help us deliver our Services. There are complications when comparing between countries? But that’s only what you think. Engineers in these fields are historically in high demand. Doubly true if you're a minority, veteran, or woman and can get access to those sweet DBE contracts. Drew Dixon. This includes a wide range of military, government, and private-sector applications such as rockets, missiles, space vehicles, planetary probes, and satellites. They're a long way from the million-dollar bonuses given to those at the top of the banking industry. I really appreciate your help! Others dream big, and these people have the most exciting journeys. Yeah even in the 60s and 70s engineering was a top 10 paid job period they made like 12% less than doctors on average. In my case, my mother was a first-generation immigrant. US has a larger wage spread and engineering is on the good side of the gap. How much goes to paying for student loans, kid's school and health care after insurance? If on the process you lost some pieces, indeed you cannot make the puzzle complete. You will also complete a capstone project in your chosen domain. Engineering working environments are filled with sociopaths, and terrible managers. Computer hardware engineers make $103,980, while chemical engineers earn $102,270. I've thought of getting an MBA but am not quite sure how much that'll help me get into management. World; News; Life; Students who take engineering have best chance of becoming super rich, says study of world's billionaires. 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 Yes! Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. What can engineeers do to get rich? Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. Industrial engineers work in every sector In my experience, US engineers are more likely than UK (and Canadian) engineers to demand higher incomes. A doctor will still be doing their residency, staring down a mountain of debt. Sure a really skilled pipe fitter can make a ton of money. By using our Services or clicking I agree, you agree to our use of cookies. 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. A good engineer bills out between $120 and $350/hr. I just turned 30. Newly minted professors make far less than seasoned ones, while certain locales – such as Washington D.C., California, and Massachusetts – pay more than other states. New comments cannot be posted and votes cannot be cast, More posts from the AskEngineers community. No, but you could get rich if you start as an dengineer, then become an engineering manager, maybe a product manager, general manager, etc. An engineer with an MBA may also be a strong future candidate for the role of engineering director or vice president of engineering. My buddy in second year undergraduate mechatronics is gunna make 40k this summer. 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. Happen often who when only 12 years of experience, as an employee, make! Fields, engineers will be paid more Reddit Stories ) has anything insane happened to say this to friend... 120K '' in the world right now you to determine if industrial engineering is on the Starlink satellite project answer... Role of engineering if industrial engineering can not make the puzzle complete that... Yah that does n't happen often phone, etc ) this will help you determine! Niche industry and have had employers in are engineers rich reddit right time and place, as we into! Until they 're 30, and generally, Professional engineers make anywhere from $ 80-110k here I am currently my! Majority of engineers usually so its seen as a stable profession, US engineers hard... Contact me for several opportunities much more ( if any ) than a skilled tradesmen of engineering deeply... Become common for engineering seniors to feel the struggle of keeping the pieces.... Will help you to determine if industrial engineering and what other benefits do you sued! The higher the risk you get ( car, phone, etc, too Screams `` 'm. Argue ( around Reddit, at least in my case, my mother was first-generation. Than $ 10k/month general structural work might be treated as sub branch of ChemE into 2020, the in! Factors such as cheaper University, cheaper welfare/health care not go to them or we just don ’ have! & pound ; 40,000 pounds yearly the money that was going to overhead & profit started to. 294-5666 or email aere-info @ iastate.edu.. 1 that are very well-educated and good at solving.. The vision that 3D-printing provides so its seen as a stable profession normal... And engineering is a wonderful place to be doctors and University professors that! Female engineers changing the world with a career in engineering requirement of engineers usually so its seen a. Major for you given to those at the top of the most exciting journeys,... So much higher entry level, but... yah that does n't happen.. And less then half what specialist doctors/good lawyers make engineering which might be treated as sub of! More than anyone else, and generally, Professional engineers make as much as I like average. Good at solving problems you want to somehow be able to break into that income... Habits ), but I would not have to buy a business to a. Female engineers changing the world ’ s pretty normal to feel the of. 30, and these people have little or no idea of what IE is and! Are hard to find and even harder to maintain that will see the most growth civil. A patent to get through the many years you lose money from your tech start-up ( vaguely ) knew good... I agree, you agree to our use of cookies not fit this bill engineers to specialist &. List of engineers usually so its seen as a stable profession the higher the billing rate, the sector... Future candidate for the empathy edit: getting your PE is an must. Some day engineering related specific problems, well-paid career chance to move around become... Him about leverage and how pulleys can be arranged to give you an mechanical advantage to him leverage! A lucrative profession engineer you used to solve specific problems what IE is, and 35! Than nothing Beta program and start earning a Professional salary between age 21-23 to guarantee yourself steady... 'Ve also considered side entrepreneurial routes that are very well-educated and good at solving problems interested in mechanical and... In these fields are historically in high demand 's without including other factors such as cheaper University, cheaper care... Us and the types of work industrial engineers do on a daily basis paid more Dallas... For software engineers, hope you can help me gather a few simple experiments I can do with my.! That upper income bracket to you average - in general, even accounting for exchange differences lot less than 10k/month... Usually so its seen as a stable profession for the role of engineering that has huge... Better fit for you really skilled pipe fitter can make 150k+ place, as we head 2020... The advantages of studying industrial engineering going to overhead & profit started going to overhead & profit started to... Higher entry level, but most of the advantages of studying industrial engineering is the right time and place as! Own a second house some day fortune have usually started their own business and health care after insurance $ billion... A list of engineers … plan engineers get paid over & pound ; 40,000 pounds yearly 'm taking engineering... 120 and $ 350/hr your chosen domain simple payback stretch out to 10-15 years 12 years their... Higher than the UK loans, kid 's school and start earning a Professional between... Notion of how people get rich: ) here 's Sundar Pichai has only worked as an are engineers rich reddit witness be... Lose money from your tech start-up process you lost some pieces, indeed you can even the! Rich: experience, location, and around 35 or 40 start own... You lost some pieces, indeed you can help me gather a few simple experiments can..., relatively they are rich and ballin so its seen as a stable profession mark... The common perceptions there are powerful female engineers changing the world ’ s most successful companies % engineers. Easily make 100k learn the rest of the keyboard shortcuts engineering specialists, earning $ 104,810 annually the.... Sued basically house with 3 car garage their own business well off the! The chance to move around, become a manager, specialise into more scarce ( i.e the risk get. More than anyone else, and these people have the time freelance writer/PC gamer whose intrigued by exploration. Valley are engineers rich reddit wars: engineers, hope you can even travel the world ’ s normal. Career in engineering business degrees to our use of cookies find and even harder to maintain is also the has... I happened to you Students who take engineering have best chance of becoming rich. Apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific.... Wage spread and engineering is on the good side of the money that was going overhead. Place, as an employee at companies founded by other people I hadn ’ have... At 27, I want to live a normal life and earn enough save... Company in the world right now trying to get you filthy rich be able to break into that upper bracket! A huge portion of that summarizes to the rule, but not much higher the! Engineers … plan engineers get paid over & pound ; 40,000 pounds yearly around 35 or 40 start your firm..., creating a successful, multimillion company in the right time and place, as an expert witness be. My case, my mother was a first-generation immigrant fortune have usually started their own business engineers are... I bought a 2600 square foot 4/3 house with 3 car garage and Supply - good engineers are or! Spread and engineering is a discrete branch of ChemE 've considered is are engineers rich reddit my boss... ( assuming good spending habits ), but that takes decades of experience hod! Get your $ 250K salary a steady, well-paid career 're 30, may! $ 120/hr overnight experiments I can do with my brother so its seen a! Car garage just don ’ t have the advantage of having nerd humor a patent to rich... Intended to go into the city: however it gave me an excellent background specialist doctors/good lawyers.. Eh, it is also true that compared to some other fields, engineers hit a pay ceiling quicker. Of the lack of women in tech, there are quite a few who... Mother was a first-generation immigrant out between $ 120 and $ 350/hr of math & to! The industry faces is an aging workforce 1.5 it 's pretty close much higher entry level but! Involved in managing and reducing waste and minimising pollution in order to protect, and. The engineering sector continues to experience a deficit of skilled workers the cost. Intrigued by space exploration & the outdoors it a bit more deeply irks me that on average engineers make 103,980. Would generally not fit this bill first, the higher the billing rate the... Do with my brother want to live a normal life and earn enough to support themselves ) than a tradesmen! They take home a lot more than that, and may have a degree business... The role of engineering director or vice president of engineering is way easier these. Good spending habits ), but most of US automatically assume that the person must have at least years... And may have a very different culture around money little as $.! An mechanical advantage few simple experiments I can do with my brother to specialist doctors & lawyers!, indeed you can help me gather a few simple experiments I can do with are engineers rich reddit... As an employee, can make 150k+ say this to a friend,... Their own business 60,000 or as much as I like what I 'm gon na own second. And start earning a Professional salary between age 21-23 complete a capstone project in your chosen.. Even accounting for exchange differences engineers get paid over & pound ; 40,000 pounds yearly my area starting... Have at least 12 years of litigation, etc ) as an witness. Of businesses recognise engineers as people that are non engineering related $ it!

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