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If you’re hoping to be an engineer in the near future, read on. We’re taking a bunch of 2016 statistics about engineering from Recruiting Division to provide you with all the info you need. We’ll take a look at the current demand for engineers, as well as the salaries they can expect. Of course, if you want to become an engineer, you’ll need to seek an engineer degree program first. You can find these online with a simple Google search.
Let’s look at a few things that the statistics have told us about engineer demand.
The Salaries Are Good
A quick glance at the salary statistics suggests that engineering is a fantastic market to get into. When doing tasks like stud welding and offering analytical input as a mechanical engineer, you can expect around $83,000. Becoming a marine engineer can result in around $92,000. In fact, anyone can expect to earn at least $70,000 – $80,000 right out of school, if not higher. Computer hardware engineers are actually looking at making around $108,000. I’m in the wrong career!
Unemployment Rate Is Low
Another massive benefit for engineers is that the unemployment rate is incredibly low. According to the statistics, the unemployment rate is almost zero. This means that the salary potential goes up (as seen above) and the demand is high. It’s win-win for everyone involved, meaning you’ll find yourself in the perfect career by going down this route.
The Industry Is Experiencing Talent Shortages
One of the big reasons for the low unemployment rate is simply because there’s a lack of talent out there. According to the website, “there are 17 openings for every electrical engineering candidate”. Because of this, employers are desperate to get fully-qualified engineers into a job. Depending on your location, you may or may not be able to seek a better-paid job. Apparently, “demand is expected to be highest for engineers in Chicago, Houston, and San Diego”.
Training To Be An Engineer Is Intensive
So, why is the industry experiencing talent shortages? Basically, the reason for this is that training to be an engineer is no walk in the park. Four years of experience are required to qualify for engineering licensing requirements, for starters. Many students lack the experience and knowledge they need, too. Also, it appears that fewer students are choosing to study engineering in general.
Employers Are Being Advised To Offer Generous Salaries
Taking the previous factors into account, employers are getting desperate. They need to hire fully qualified engineers, and this is where you get the advantage. Apparently, “staffing industry experts say being quick to interview and make an offer are as important as generous incentive salaries.”. So, if you’re a fully-qualified engineer, and you find yourself out of work, don’t be so quick to accept any offer. You’re in demand, and you might just be able to make some extra money if you haggle a little.
It all looks good for budding engineers in 2016!