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Engineering Salary Information

Explore high-paying engineering careers and financial planning for a prosperous future. Discover salary information, popular jobs, and education's impact on earning potential.

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Engineering Salary Information

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  1. Engineering Salary Information Terry A. Ring Chemical Engineering University of Utah

  2. Go to College and Get and Education • Why do your parents keep saying that?

  3. Education Pays

  4. 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!

  5. How Much Do You Want to Earn When You Grow up?

  6. 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)

  7. So which jobs are popular and which pay well?

  8. Popular Jobs have High Growth Rate • Chemistry Job Growth rate is ~14%/yr

  9. Do the Popular Professions Pay Well?

  10. Which Job Pays More? • Computer Engineer? • Biologist? • Chemist? • Chemical Engineer?

  11. 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)

  12. Starting Salary

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