Tuesday, August 26, 2008

Engineering : Education and Rewards

I have been writing about engineering salaries for quite some time now in my blog
http://engineersalaries.blogspot.com, Here i explore other aspects regarding engineering education like job market and more importantly why engineering jobs have been the most difficult positions for employers to fill in the U.S.
according to a survey released by
Manpower Inc engineering have been the most difficult position to fill in the year 2008 for the companies. Amazingly in 2007 engineering was not even on this list although in 2006 it was at number two position. The reason is simple: according to this survey there has been a decline of 3 percent in number of engineering graduates when the number of college graduates have increased by 50 percent!! Astonishing, isnt it? The reason for this decline is simple to understand: the cost of studying engineering from a good college, on top of it the amount of hard work required in doing engineering and to top it all after graduating one may find competing with people who are very happy to work for US$5 per hour (technicians who have been working for 20-30 years in industry without any formmal education).
Another important thing to note is that there are more engineering graduates than there are jobs, then why is it difficult for companies to fill engineering positions. One reason might be that many engineering students in college are from outside the country and will not remain in US to work. Also the quality of engineering graduate is very important when companies hire them.
Although some surveys and reports have reported a hiring pinch so far this year, the hiring picture for some recent college graduates isn't all that bad — particularly for those with engineering degrees. Read the detailed article
here with all the statistics and survey links

"Is there a crisis in engineering? Yes. Is engineering being dumbed down in universities and in industry? Yes. It's a crisis that must be addressed," Professor Craig says.

An estimated half million new engineers may be needed over the next decade to replace those who retire. Let me know what you think by leaving a comment.

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