How to make money in electrical engineering

Specifically, these three careers paths might not offer the largest annual salaries according to research conducted by the Bureau of Labor Statistics BLSbut they still provide graduates with more than ample income. The first career on our list — the project engineer — serves as a leader for specific engineering projects within a corporation or municipal agency. Keeping these projects on budget, on time for completion, and fostering communication between the varying individuals and outside influences that go into this process all serve as job responsibilities for this positon. This career gives recent electrical engineering graduates the ability to implement and design components that channel electricity, as well as test the functionality of prototype products and devices. Taking the design aspect of electrical engineering to the next level, electrical design engineers seek to push the cutting edge of component and device development, all while improving upon current industry benchmarks and leading products. At the top of the list of highest paying electrical engineering jobs is the systems engineer career path. This specialist serves as an administrator of computer systems, servers, and other electrical hardware that functions as the backbone of major public and corporate networks. The computer systems design field has less of a gap between open positions and leading salaries, but still stands as the second hottest industry for recent graduates. As owner of the higher education site Prestige TrackerJoy Miller reviews and researches universities offering online degree programs and courses.

Is an Engineering Degree worth it?

However, with the combination of record-breaking student debt in the U. Luckily for the STEM crowd, there are some terrific opportunities to make cash on the side. Software development jobs are expected to grow much faster than other occupations through with The work can be done remotely. The mean hourly wage for programmers in the U. Like with math, coding requires paying attention to the small stuff. For instance, JavaScript and HTML are common programming languages used for website development and video games on the web. While it takes time to learn code, you can at least learn it for free on Codecademy , an online teaching platform that offers free coding classes in 12 languages, including JavaScript and Python, as well as markup languages HTML and CSS. You can also look to register yourself on project and online job marketplaces specifically for freelance software developer and programmers, such AppExchange , Surge Forward , Koder , Toptal , Gun. Also try Glassdoor , Indeed and Monster. To look for software development jobs, search for job titles that include software engineer, software developer, web developer, mobile game developer, DevOps developer and application developer. The need for IT support is growing. The work tends to be in shifts so you can schedule it for a few evenings during the week or on weekends. The U. Chatbots basically automated customer service messaging algorithms need to be customized for the company and what services they want the chatbot to provide for clients, such as schedule meetings, update travel or hotel information, offer assistance in directions or answer frequently asked questions. The customization needs to be decided by the company, and the developer builds from there. Both Google and Facebook have chatbot developer platforms you can use not for free to build enterprise chatbots. Learning platforms Udemy and Skillshare both have affordable classes on how to build chatbots to get you started. Building software always takes longer than initially thought, so an hourly rate works out better for you.

What Can You Expect from a Job as an Electrical Engineer?

Some of the highest paying careers in the world are in the electrical engineering field. An Electrical Engineer tends to earn more than the national average salary, and this is anticipated to continue. Electrical Engineering jobs have some of the highest career potentials, and I would like to share with you the Top 3 Industries where you can achieve the Highest Electrical Engineer Salary. Most engineers move on to management jobs if they have more than two decades of experience in their career, and hands-on experience has a reasonable effect on an electrical engineer salary because electrical engineering jobs are for implementing systems and designing components and devices that use electricity to operate. They have to focus on the generation of power to these devices, designing protocols, researching alternatives sources, creating solutions and improving product and system safety. Due to the nature of electrical engineering jobs, electrical engineers work in teams to solve complex electrical system problems. Often, these teams consist of electrical engineers with proficiency in various areas, so the group is better-equipped to find a solution to an electrical problem. As a team, an electrical engineer can successfully inspect completed projects to ensure conformance with design standards, while applying electrical engineering principles, such as design implementation and improving electrical instruments. Therefore if you want to earn the highest electrical engineer salary, you must be a great team player. Since , I have interviewed s of electrical engineers and have recruited s of such engineers with various soft skills and technical experiences. I have found that the secret to success in electrical engineering jobs is to be able to communicate ideas and ask the right questions to evoke curiosity and challenge the status quo. That’s how you continue to make the big bucks! Electrical Engineers must be skilled in math to be excellent problem solvers. Successful Electrical Engineers must think creatively and feel comfortable with public speaking and group presentations. These are abilities that I’ve found must be present if you want to achieve the highest salary for electrical engineering jobs. Well, not every industry employs electrical engineers for the same job functions, so it is important that you understand the difference between market sector to ensure your interest in the long run while maximizing your earnings potential. The Computer Hardware Design currently pays the highest salary for electrical engineers, primarily based on the lack of professionals in this marketplace. However, whether or not you have your electrical engineering degree on hand, or you are going to graduate soon, evaluating possible careers can seem to be mind-boggling. Hardware Engineering is a relatively new field of engineering, and there are not enough electrical hardware engineers to keep up with demand and job growth rate could potentially slow over time.

Electrical Engineers

Fancy making some more money? Why not consider these countries where engineers make the most money. Have you ever wondered in which countries engineers make the most money? A fair question and one that’s not a simple one to answer. From the off engineers tend to benefit from some of the highest wages of any career choice out. But could you be underselling yourself by staying and working in your nation of origin? Of course, it’s not all about money and some feel more comfortable staying and working in their home nation.

After all, it’s very difficult to leave your family and friends for long periods of time. But if you are brave enough you could find your money making potential is considerably higher further afield. In the following article, we’ll see if engineering careers are worth all the hard workwhich disciplines tend to make the most and in which countries engineers tend to make the most money. In short yes, and. Engineering positions tend to always feature in the top ten highest paying careers.

This is good news as all that hard work, blood, sweat and tears during your undergraduate and postgraduate studies had better pay off. And now is a good time to be getting into engineering-related career paths as the job market is mney healthy. According to the U. Bureau of Labor Statisticsfor example, MiningConstruction, and Manufacturing industries elsctrical currently enjoying a period of strong growth.

Engineering graduates also enjoy very high recruitment levels post graduation which is in stark contrast to many humanities graduates.

But is pursuing a career in Engineering actually worth all the elecyrical Much like driving a car your degree is just the first test. Once you’ve graduated you will need to bolster your courage for a lifetime of stress, steep learning curves but, ultimately, one of the most rewarding careers one could choose. But, of course, like any career, there will be highs and lows. Although many Engineers tend to love what they do working conditions can get on top of.

On the whole, most disgruntled engineers report that they have, or are tempted to, quit their job because of a few common issues. These include not getting on with the boss, long commutes, stupid working hours, not potential for advancement. Before we look into the countries that tend to offer the most money for engineers, we thought it might be useful to explore those disciplines of engineering that tend to pay the.

The following are the top twenty highest paid engineering jobs. This data comes courtesy of typeofengineering. As interesting as this is, it must be borne in mind that these figures are just a snapshot in time.

They don’t, for example, capture potentially future trends in their respective industries. Some disciplines, like Petroleum Engineering, are highly paid at present but future employment could be affected by changes in the supply and demand of hydrocarbons around the world. So long as consumption remains at least comparable to ni, as well as reserves, this should be a lucrative choice for the near future.

But there is another interesting consideration mke fields like Petroleum Engineering. It is predicted that many current employees are set to retire over the next ten years. This will certainly affect the demand for ‘new blood’, likely inflating offered salaries far in excess of current rates. Computer engineering is another field that might not be fairly represented in this data. It is a relatively new discipline in engineering with some claiming it is currently under-supplied with labor.

Of course, the future could see a dramatic reduction in wages as more and more new graduates flood the market over the next few years given its current popularity for undergraduates. That’s before we even begin to consider the potential impacts of Artificial Electrcial over the next few decades. As we have seen incomes for Engineers vary depending electriczl what field of expertise they pursue.

Despite this, engineering careers tend to rank very high on any list of highest-paying bachelor degrees. Most new graduates in the U. This figure comes from a recent report by a Stockholm-based ,oney branding firm, Universam. Another study by the National Association of Colleges and Employers discovered that Electrical Engineering seems to be the most in-demand engineering degree. Compiling information from various sources a recent CNBC article found that the top three countries for engineering students are For comparison, they also found the countries with the lowest average expected salaries for engineers.

These are This sounds like a massive discrepancy between the top three and bottom two but remember living expenses in Egypt and Vietnam electrocal be considerably lower than Switzerland or the U.

Something rarely, if ever, considered when it comes to higher earnings is factoring in living costs of countries you might decide to work in. After taxes, bills, and other expenses your initially hefty income could make little difference to your quality of life. This varies widely from country to country and you should always bear this in mind before accepting a position. After all, you wouldn’t want to be pushed into a higher bracket link to UK example and be worse off then idling just below it and having relatively more money in your pocket.

Another thing to consider is broadening your horizons and considering working and living abroad. In an ideal world, it’s best to earn in strong engineerihg like Dollars but spend in weaker currencies like the Turkish Lira for example.

In these circumstances, your income might not be as high as in the continental U. Working remotely or overseas is becoming more and more popular today and for good reasons. Obviously, we are not financial experts and you should seek professional advice on any issues discussed. Working overseas also exposes you to new and exciting cultures and has other benefits including boosting your CV and skills.

Of course, this is not always possible nor desirable for many but its something to consider when evaluating potential jobs to apply. Business Career. Sponsored Stories. More at Interesting Engineering. If you continue to use this site, you consent to our use of cookies.

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What Qualifications Do I Need?

A career as an electrical engineer is financially rewarding, and is a solid choice for future employment and new job opportunities. Rapid changes in technology will keep the demand high for electrical engineers to find ways to adapt new electronic systems to the market and economical methods to manufacture. Electrical engineers design, develop, test and supervise the installation of electrical equipment and systems. This includes such components as motors, radar equipment, communications systems, power generation equipment, automobile electrical systems and electrical network for aircraft. Jobs in electrical engineering require a minimum of a bachelor’s degree. For students interested in engineering, the planning should begin in high school. Aspiring engineers should take courses in trigonometry, calculus, algebra and physics. After graduation from high school, students will pursue a bachelor’s degree in electrical engineering taking courses in differential equations, electrical circuit theory, computer systems designs and theory of electronic networks. With a few years of experience, a graduate electrical engineer becomes eligible to obtain a license by passing an exam from the National Society of Professional Engineers. This license gives the engineer a broader range of opportunities and ability to accept more responsibilities. The states with the highest employment level of electrical engineers also have attractive mean wages:. According to the BLS, the employment opportunities for electrical engineers is projected to grow by 9 percent in the coming decade. The growth may be dampened by the decline of those manufacturing industries that employ large number of electrical engineers. However, rapid changes in technology will create more demand for electrical engineers to do the research and development needed to apply new electrical devices to the marketplace. Engineers will be needed to develop commercial applications and production methods for solar equipment, semiconductors and more sophisticated communications systems. Engineers will always be in high demand, especially electrical engineers. Devices that people use every day have gotten more sophisticated and complicated over the years. Computers that used to fill up an air-conditioned room are now the size of laptops. Cars that mechanics used to tune with a screwdriver and a good ear now need a computer hookup with printouts that look like electrocardiograms. All of these technologies are the result of work by electrical engineers. James Woodruff has been a how to make money in electrical engineering consultant to more than 1, small businesses. As a senior management consultant and owner, he used his technical expertise to conduct an analysis of a company’s operational, financial and business management issues.