120 likes | 160 Views
Engineering Salary Information. Terry A. Ring Chemical Engineering University of Utah. Go to College and Get and Education. Why do your parents keep saying that?. Education Pays. What do you want to be when you grow up?. Many possibilities to use your scientific education! Biologist
E N D
Engineering Salary Information Terry A. Ring Chemical Engineering University of Utah
Go to College and Get and Education • Why do your parents keep saying that?
What do you want to be when you grow up? • Many possibilities to use your scientific education! • Biologist • Chemist • Physicist • Engineer • YOUR DECISION HAS CONSEQUENCES! • $$$$$$ Financial Consequences!
How Much Does It Cost To Live? • House mortgage/rent • $1000/mo. 2 Bedroom Apartment • $2000/mo. (or more) Mortgage for Nice House • The Housing cost should be no more than 35% of total Income, so • $1000/mo./0.35=$2860/mo. $34,000/yr. • $2000/mo./0.35=$5715/mo. $68,000/yr. • (65% for Car, food, retirement and savings)
Popular Jobs have High Growth Rate • Chemistry Job Growth rate is ~14%/yr
Which Job Pays More? • Computer Engineer? • Biologist? • Chemist? • Chemical Engineer?
Salary Information for Engineering • Median Salary for B.S. Chem. Eng. =$62,000/yr (2000 data) • Starting Salary B.S. Chem. Eng. ~$59,000/yr (2007 data)