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Peakoil.com :: View topic - Engineers still in demand when economy is down
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Engineers still in demand when economy is down
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jbeckton
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PostPosted: Tue Sep 30, 2008 8:48 am    Post subject: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

I have been pretty busy with some recruting visits my company has to local colleges this fall and I was suprised to see the competition. I would say that about 60-65% of the companies at these fairs (job fairs are for ALL majors) are looking for engineers and many are paying for reloction on top of $60k+ starting salaries for new grads!

There are simply more jobs than engineers to go around now and that doesn't look like its going to change anytime soon. Even companies that are looking to reduce costs are doing so by hiring MORE engineers to increase the efficiency of their plant/product/service.

Just something to consider for young people are looking for a career that will weather the storm better than most.
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Nano
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PostPosted: Tue Sep 30, 2008 8:58 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

I'm an engineer. Sure, there is always work for a good, all-round proficient engineer. But the question is: will they be able to pay you a good enough salary?

For all but the most complex technical problems, software and textbooks are available that will enable a monkey to do reasonably good engineering work.

That means as an engineer, if you want to have a decent career with good pay, you have to take a few courses in marketing and economics on the side, so that you can smoothly advance into more lucrative management or high-level consulting functions.

If you don't you'll be stuck behind engineering software crunching numbers until you go stark raving crazy. (I'm speaking from experience, because that fate nearly befell me, before I managed to advance to a consulting position. It was damn close though!)
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Woodenpaddler
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PostPosted: Tue Sep 30, 2008 9:04 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

My engineering company's workload is strong with a municipal client base. I get calls from headhunters all the time. Experience counts, not school or grades. I've heard other firms with a client base of private developers (e.g. shopping malls) aren't doing as well right now.

Engineering in general is good because it trains you to think more objectively based on facts.
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blukatzen
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PostPosted: Tue Sep 30, 2008 9:21 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

My husband is an electrical engineer, who has been in the field of Pump design (control panels) for many years. He's been in it so long, he's read specs he'd written 30 years ago when he was a young engineer. He's moved into pricing the systems his company designs (specialty pump wastewater management and booster systems).

One can consider that his job won't be outsourced due to society's always needing fresh clean water, and how to get that water out of the pipes to home/industry.

Companies that he's worked for have either downsized or moved, but he's fairly comfortable in his situation, and he's been in the industry for so long, he can do the money estimating part fairly easily, and read specs like nobody's business.

I don't think a young engineer would be able to do this kind of work, as it takes someone who has a "feel" for the marketplace, and who intuitively knows where the market is headed, and knows what laws, etc govern what has to be there on a spec.
It's also the abilty to piece this all together and have it ready for a deadline to bid on a project. (*that's* the real test.)

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dinopello
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PostPosted: Tue Sep 30, 2008 9:22 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

I just lost my analog electronics engineer to retirement. It's tough to replace guys like that. Good techs and machinists are also hard to find. Our problem is we don't really have enough mechanical work to keep one full time so we look for the jack of all trades. Those are even harder to find.
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dsula
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PostPosted: Tue Sep 30, 2008 9:27 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

Nano wrote:

For all but the most complex technical problems, software and textbooks are available that will enable a monkey to do reasonably good engineering work.


You haven't worked with a freshly gruaduated engineer recently. All the text book knowledge is uesless if you don't know how to apply it. Software ? Garbage in - garbage out. Try to put your grandmother in front of some sophisticated design tools and tell me how that went.

Good engineers are a rare commodity.
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joeltrout
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PostPosted: Tue Sep 30, 2008 9:53 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

jbeckton wrote:
I would say that about 60-65% of the companies at these fairs (job fairs are for ALL majors) are looking for engineers and many are paying for reloction on top of $60k+ starting salaries for new grads!


I would say that is pretty low starting salary. Look into the oil industry. Petroleum Landmen are starting around $70k and Petroleum Engineers & Geologist are getting around $90k for bachelor degrees.

I have seen all three get moving expenses, stock options, signing bonuses, and tuition reimbursement. I know one landman who is able to purchase working interest after 1 year of employment.

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GASMON
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PostPosted: Tue Sep 30, 2008 10:03 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

Presently, no such thing as a out of work gas engineer in the UK, at ALL levels.

As to the future ?????

Gasmon
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ROCKMAN
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PostPosted: Tue Sep 30, 2008 10:43 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

So true Gasmon....the future????

Having started as a petroleum geologist in 1975 and survived a number of industry busts I can readily admit the anticipation of another bust is never far away. And this is even with a good grounding in PO. I think this underlying thought is guiding much of senior management in the oil patch thses days: times are good but just keep playing the short game. Design a business plan for based upon expectations 10+ years out and you're setting yourself up for a fall. It seems the current rule is get in...make some money..be ready to bail out.
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jbeckton
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PostPosted: Tue Sep 30, 2008 10:51 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

Nano wrote:
I'm an engineer. Sure, there is always work for a good, all-round proficient engineer. But the question is: will they be able to pay you a good enough salary?


True, but "good enough" is relative to the alternatives

Nano wrote:
For all but the most complex technical problems, software and textbooks are available that will enable a monkey to do reasonably good engineering work.

That means as an engineer, if you want to have a decent career with good pay, you have to take a few courses in marketing and economics on the side, so that you can smoothly advance into more lucrative management or high-level consulting functions.


Agreed, now working on my MBA to cover my bases.
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Ainan
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PostPosted: Tue Sep 30, 2008 10:53 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

I've been saying for a while now Engineering is the path to walk if you are just starting University. I picked Computer Science, the rewards are reasonable at the moment, but I'm already working 9 hour days in a cubicle farm and I haven't even finished my degree yet. Also consider geology, something I would have picked instead. Sorry for the poor grammer, my brain turned to mush in a 3 hour meeting today.
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Mechler
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PostPosted: Tue Sep 30, 2008 10:56 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

I'm just about to start a management/engineering position with one of the big boys who have a large stake in wind/renewables. My particular position in in the process of doubling the number of new hires.

Having an engineering degree (and in my case, military experience) is definitely a good thing.
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jbeckton
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PostPosted: Tue Sep 30, 2008 10:59 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

joeltrout wrote:
jbeckton wrote:
I would say that about 60-65% of the companies at these fairs (job fairs are for ALL majors) are looking for engineers and many are paying for reloction on top of $60k+ starting salaries for new grads!


I would say that is pretty low starting salary. Look into the oil industry. Petroleum Landmen are starting around $70k and Petroleum Engineers & Geologist are getting around $90k for bachelor degrees.


Low relative to what?

I get headhunter calls all the time to work in the pertroleum indistry for $100k+. What you might not have noticed is that they work 80-100 hrs a week out on a platform and/or in the middle of nowhere.

No thanks!

By the way, those figures were the average, not the "peak". The Nuclear Regulatory Commission is currently hiring new grads that will be at $108k (GG13) 4 years after graduation.
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jbeckton
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PostPosted: Tue Sep 30, 2008 11:01 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

Mechler wrote:

Having an engineering degree (and in my case, military experience) is definitely a good thing.


Make that two of us!
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lawnchair
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PostPosted: Tue Sep 30, 2008 11:12 am    Post subject: Re: Engineers still in demand when economy is down Add User to Ignore List Reply with quote

Ainan wrote:
I've been saying for a while now Engineering is the path to walk if you are just starting University. I picked Computer Science, the rewards are reasonable at the moment, but I'm already working 9 hour days in a cubicle farm and I haven't even finished my degree yet. Also consider geology, something I would have picked instead. Sorry for the poor grammer, my brain turned to mush in a 3 hour meeting today.


One of the failures of the last 20 years has been how many of us went CS when we could have done other engineering. Not that there isn't greatness borne of computing, but, honestly, there's a lot of dross in shiny unnecessary web bullcrap. A lot of idiots work in the field, too, but there are a lot of misallocated smart people who are too far in debt to re-train in something else.
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