best engineering branch for high salary
What does it involve? Electrical power engineers are responsible for generating electricity and transferring it to the various distribution networks. They then must ensure its proper delivery to the millions of businesses and homes that require it. In most projects, a power engineer must coordinate with civil and mechanical engineers, environmental experts, legal representatives and financial liaisons. Even as you read this, you are completely reliant on the steady flow of electricity that is facilitated by the skilled people that work in power engineering. It is without a doubt an extremely important and current (no pun intended) industry in which to get involved.
What does it involve? Marine engineering is another highly paid field that is less common than other majors. Only around 500 people a year get degrees in this discipline, which makes you stand out from the engineering industry crowd. What’s more, the job outlook for marine engineers is positive. The field has an expected job growth rate of 12% between 2016 to 2026. It involves the engineering of ships, boats, oil rigs and any other marine vessel or structure, as well as oceanographic or ocean engineering.
Aerospace Engineers design, develop, and test aircraft, satellites, spacecraft, missiles, and other air or spacecraft products for the military, commercial, or private use. They research and determine the safety of proposed aircraft projects and parts. Aerospace Engineers also evaluate products to ensure they meet customer requirements, engineering specifications, and quality standards. Aerospace Engineers identify and develop solutions for malfunctioning or damaged aircraft, spacecraft, and parts. Aerospace Engineers may begin their careers within entry level positions upon earning a bachelor degree, though many employers prefer candidates with the combination of a degree and work experience. Salaries for Aerospace Engineers range from $97,480 to $143,360 yearly.
Engineering Managers supervise teams of engineers within electrical, mechanical, civil, or industrial engineering fields. They administer, direct, and coordinate the research, design, financing, and development of products, hardware, equipment, and devices. They also oversee project design, manufacturing processes, productivity, and marketing analysis to lead projects for industrial, civil, and environmental products and services. Engineering Managers also create the specifications, proposals, budgets, and policies between engineering teams, clients, and contractors while adhering to regulatory laws and predicting the impact of the product. Individuals must complete studies within a bachelor or master’s degree program, gain work experience as an engineer, and obtain state licensing in order to qualify for employment as an Engineering Managers. They generally earn $91,180 to $141,730 annually.
It is not a secret that engineering stands quite high on the list of best-paid degrees. Let’s see which types of engineering are worth studying if you want to afford luxury things in the future! Have in mind that all the data is based on U.S. Data and Statistics Bureau.
The work and salary of a mechanical engineer vary at times and can include anything from small solutions to the development of large plants and vehicles. Mechanical engineers are needed in most industries and can be involved in all aspects of work from research and development to manufacturing, management, and production.
Salary Structure (Experience-wise):
Petroleum Engineering: This is the branch of engineering that rakes in a lot of money for anyone who pursues this field. With a lot of demand for crude oil and natural gas, this field is expanding ten-fold. Petroleum engineers are one of the highest paid engineers not just in India but across the globe.