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Reply to "Can you be rich as an engineer?"
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[quote=Anonymous][quote=Anonymous]Engineer here. [b]Graduated 20 years ago, got a masters. Work for defense dept, pay is at the topped out GS 15 level. And its a 40 hour week. More than that and I get comp time to use as leave later. and 5 weeks of leave a year. So its not all in dollars.[/b][i] Do I have a monocle and tophat? No. But I am debt free, and my wife doesnt need to work outside the home so she can be a great hands-on mom for our 3 kids. And, as an engineer, all the money I save fixing and expanding (I doubled it) our house is just the equivalent of extra income. A law or medical degree isnt necessarily a ticket to riches. There are too many lawyers and managed care is ruining doctor pay to the point there may not be enough doctors soon. But, like engineering (and business) the really good ones can excel quite a bit. You dont have to take another 3-4 years of school and, possibly, borrow huge sums to pay for that. If you really love doctoring, or lawyering, look into the military. They will pay for that, and then you serve 5-10 years or whatever and you can actually practice your profession instead of worrying about malpractice insurance and front desk staffing and etc etc etc. And if you dont genuine love engineering stuff, dont do it just for the money. You'll be comfortable, quite so, you probably will never buy a yacht in which you can park another boat.[/quote] This is the key in engineering. PPs are right that you're never going to be making much more than 200K at any point in your career unless your start your own business or something. BUT... that 150-200K is generally for 40 hours a week. Maybe 50 during a busy time. And usually flexible hours and a good work environment. So, yeah, lawyers and financial types make more, but they work a ton more hours in less flexible environments. Pick what's more important to you. [/quote]
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