Showing posts with label salary. Show all posts
Showing posts with label salary. Show all posts

6.30.2011

Mechanical Engineering Employment and Pay

Continuing this week's theme of jobs jobs jobs for all you hardworking engineers, I was curious what the outlook had been in my own discipline. I already covered employment and salaries in most disciplines between 1999 and 2010 but wanted to zero in on the mechanical engineers.
Mechanical engineers have had a bit of a bumpy past. The general trend is up but it hasn't been easy. My personal theory for the boost is that the wars in Iraq and Afghanistan have acted as stimulus programs for mechanical engineers. Our own Works Progress Administration putting us to work building tanks and humvees and fighter jets and bombs. The first major climb lags us entering the wars but is pretty strong. I give the delay to the delay in starting Department of Defense contracts and actually funding companies.

Maybe the post 2006 boom is due to the surge (I'd have to look it up). Trends in the automotive industry could also be strongly responsible as well as oil drilling, coal mining, etc. I think the strength even in the recession shows the numbers benefit from more than just commercial development alone. For comparison I pulled the civil engineer's chart over the same period of time.

So same boost up from about the same period on. This one has got to be thanks to housing. The quick and consistent line up and the drop right at the housing crash has had a big effect on the employment of civil engineers. How about our friends the sparkies?
It ain't easy being a sparky. The dot com bubble burst and it hurt. A couple of little climbs later and the recession hits and they are knocked back again. Still, given how heavily commercial electrical engineering is it's probably got a much more sustainable path to growth than defense dollars and government bailouts of the auto industry. Something to keep in mind.
Next a quick look at pay for mechanical engineers:
The bottom line is inflation adjusted. Without that the skyrocketing wages look pretty crazy. But even with inflation engineers managed a 10.5% increase to their mean annual salary over the last ten years. What? You're probably thinking. I'm a sprocket and my salary hasn't been going up. Could be what with the recession and choosey employees they're more likely to hang on to somewhat older and more experienced engineers in lieu of hiring younger ones or keeping young ones on. That may not be the personal experience of older engineers, but even if we're taking very minimal trends it can add up. And 10% increase over 10 years for the gain of 10 years of experience seems kind of like a bargain on the employer's side of things.

Still, the war might be to thank (or blame) for the strength in mechanical engineering employment. ME employment is up over 15% from 1999. Despite the bust civil engineers are employed at 19% more than 1999. And as you can see in the graph electrical engineers broke just about even (actually a drop of two tenths of one percent). I don't think engineers should go into a field based on national numbers and national salaries. Locality can make a huge difference. And of course it's important not to chase money but to do something because you think you'll enjoy it.

6.29.2011

Engineering Employment Over Time

How has engineering fared as a career during this recession? How has it been doing over time? Must be jobs week here at Design. Build. Play. Since I was so hard on software "engineers" before I made a separate category from today's Bureau of Labor Statistics data. I'm including programmers separately (but still there) from computer/software engineers (which here includes both systems software and applications). So how do we engineers do?
As you can see computer and software engineers have done particularly well. I'd grant the decline to programmers as being employers are ever more demanding specific degrees from their programmers so it's more just a transfer between categories. The recession has only continued the downward trend from before.

In comparison, civil, electrical and mechanical look almost flat. Of course they aren't really. So maybe you went into engineering for the money, how's that been doing? Here's some not adjusted for inflation salaries over time.
Again it's the same breakdown by discipline and again you see the obvious levelling off of the programmers' salaries. Mechanical and civil seem tied like in the previous graph and now electrical has a definitely higher salary. Is this because it has lower employment compared to the other disciplines as seen in the first graph? Does scarcity drive electrical engineering salaries up?

5.20.2011

More on the superiority of engineering

Today on Engineer Blogs I talked about interdisciplinary engineering which is the theme over there this week. (See posts by Cherish, GEARS, and Paul Clarke as well). There's other engineering in the news today though, again from the NY Times Economix blog college majors that do best in this job market.
 
A month and a half ago I had a post on some economic news that included the mention of an article about engineering being the best paying college major. You'll notice some discrepancies. The CNNMoney article touting high salaries for engineers says they all had a higher starting salary than $60,000. However the Economix chart is based on earned income in the last 12 months so the median income for someone with an engineering degree employed in a job that requires that degree is...$35,548. Now probably some dinosaur engineers will show up and say that this was quite normal for them and kids these days are too demanding. Probably haven't read any of my numerous posts on inflation.
 
Hopefully the low number is due to people starting their job more recently than 12 months and only having a partial years earnings to report along with maybe some people who are working part time. Still, the percentage of engineering graduates who are employed in a job that requires their degree is 69.4%. That's the second highest after teaching at 71.1%. Higher than the oft praised "business" degree, health, or physical science (which will surprise no one in the sciences). Communications, humanities and "area studies" (whatever that it is) make up the bottom of the list. So while you shouldn't always hunt the money, hunting a degree that leads to more full employment might be useful. Though even the numbers of employed grads in the top fields are abysmally low. More victims of this brutal job market.

4.21.2011

Highest Paid Jobs For Women

There's an article today in Forbes discussing the highest paid careers for women in 2011. I condensed their very graphical gallery into a clean little graph. You'll notice some of the higher numbers for percentage of earnings as compared to men are also in the same careers where the percentage of women employed is a much lower position. This is a man's world, to quote James Brown. I guess I'm a little surprised some of the more people oriented careers don't have better equality and surprised there's only 31% of doctors and surgeons that are women. I mean we've been hearing for years now about how more women than men go to college and medical school and how that spells the end of dudes. The article quotes one dude who dismisses the pay gap with some great mansplaining:
 

"We may be witnessing an aging factor," speculates behavioral psychologist Matt Wallaert, lead scientist at compensation website GetRaised. "The highest paid doctors are the oldest doctors. With more women in the field, they may be aging up and earning more."

 

Right, we also may be witnessing a bullshit factor in which monkeys fly out of your ass. Women programmers make up 22% of the profession and earn a much better 95% salary compared to their male peers. So don't tell me we just need more women or time or some such crap.

 

They talk a little about "engineers" by which they mean software engineers coming in at #5 on the list:

 

"Engineers are generally employed by younger tech companies with less entrenched male-dominated cultures," says Wallaert, pointing to Facebook's Sheryl Sandberg as a female leader in the field. "Women need to embrace tech. It's a growing industry, and gender doesn't apply."

Technical occupations may be particularly promising for women because they are high-paying and require clear, objective qualifications. "You can program or not," says Blau.

 

Yes, technical positions are so clear that's why women kick ass at them. Oh wait, we don't. Any working engineer has known several douchebaggy coworkers who kissed ass and moved up in title and pay despite having no marketable technical skills or even a good understanding of the product they're on. So don't tell me this is a job position that doesn't allow for forms of discrimination. And secondly, looking at software engineers as working only at brightly decorated flip-flop wearing Web 2.0 companies is probably a very small piece of the pie. Some of us are working for dinosaurs who won't be satisfied until we've all sold our souls and self-respect for health care benefits and a 6x6x6 cube (notice a numbers trend?) to spend 80 hours a week in.

 

Not sure what I'd recommend women go into based off this list. Programming or software engineering where the pay discrepancy is lower but they have to deal with overwhelming numbers and possible dominant and established male culture or maybe healthcare where the earnings are decent though not fair but they'll have more female allies and mentors and superiors. Tough call.

4.13.2011

Economic Trifecta

There's good news and there's good news. But is any of this anything other than corporate bull or unrestrained economic optimism?
 
According to The Detroit News, the auto industry faces an engineer shortage. Of course if you read the article there's no real data to back this up other than this tidbit:

The nation's auto sector added 32,000 jobs during the past year, and thousands have been among engineers.

General Motors Co. and Chrysler Group LLC announced last fall that they were hiring 1,000 engineers — though some are contractors. Ford Motor Co. is hiring 750 salaried workers in product development this year; many are engineers.

No real numbers on how many of the new hires are auto engineers. Or how that is supposed to backfill all the positions they laid off. Also the assessment that "the future is brighter" is pretty weak compared to their overly optimistic title.

CNNMoney has decided similarly to be optimistic reporting jobs recovery is fo' realz, yo. Yes hiring picked up last month. Not sure where there's any data to show it's sustained. I'd sure like it to be, but I'm also not afraid to be all Debbie Downer on this sunshine and rainbow fest if I need to.

And lastly, CNNMoney is all like engineering is the best paying college major. Fantastic.

Chemical engineers were offered the highest starting salaries this year -- an average of $66,886. Mechanical engineers received salary offers averaging $60,739, and electrical and communications engineering majors saw average offers of $60,646. Computer engineering was the fifth highest-paying major, with offers averaging $60,112.

Rounding out the top ten best-paying majors were industrial engineering, systems engineering, engineering technology, information sciences and systems, and business systems networking or telecommunications.

What, really? Where are these jobs?! I'm pretty shocked EE isn't much higher on this list, or CE as many of those people end up working in software. Which is where I've seen all the jobs lately. I guess this is the average pay if you were lucky enough to actually get a job. If you were part of the 10% unemployed who can't get a job, sorry. Or if you're part of the unknown percentage of engineering graduates who gave up and went into some other field just so you could earn a freaking paycheck not sure what your average salary is there. I'd definitely recommend engineering over art history, but I'm not sure we can celebrate about who has the "highest salary" when it's all moot as no one's hiring anyone anyways.