Quote: (04-17-2014 07:19 AM)Steve9 Wrote:
It is not uncommon for experienced Petroleum Engineers to earn $US300K plus.
Key word is experienced.
Also important in Chem E/Petroleum engineering is where you went to school, when you got out, and the state of the industry.
Good friend of my father is an old Chem E. When I was in engineering, I watched him struggle to find work, despite having decades of experience, speaking several languages, and a great degree. The market was down, and who needs a guy in their mid fifties to draw a huge salary and actually use the provided health insurance?
And before people come with the old chestnut of "network", networking tells you that the system is broken. (Hiring in general is broken. How does a 1 hour meeting determine how you will fit, and how well you will do once hired?)
Furthermore, engineering and technical people rarely get to do more than manage a small team. (hell, that's most professions, very few of us rise to management)
But the people giving you your marching orders aren't nearly as smart or capable as you. But getting tracked into engineering, developing the pitfalls of an engineering mindset, is what keeps most technical people beholden to some large organization for most of their lives.
The media will have you believe that STEM or the Trades is the salvation, and that you're not really going to have to seriously change careers several times in your life. Everybody yelllng CS/IT doesn't remember the tech bubble of the 90's and how graduating during the millenium meant more than few lean years, which statistically plagues you for the rest of your life. Now we're in a second internet bubble, and at some point these consumer internet software products will look like pets.com. Pharmacy was all the rage when I was in college, signing bonuses, bmw's. Now the market is full of them, and they new guys are not making the big money, that guys only a few years older made. (and the old guys are always facing corporate pressure)
There will of course be something to replace it. There always is.
But it's foolish to think that 5-10 years from now, the people making the hiring decision for the shiny new job want you instead of the just out of college kid.
We need an experienced person that knows this specific piece of technology that has only existed for past 3 months, and we won't train, nor will we pay the top market price. And won't fail to mention that if this thing doesn't actually do well in the market, we're going to dump you back into the pool of unemployed people.
WIA