The Bureau of Labor Statistics expects that the economy will generate 200,000 more engineering jobs by 2014, and many employers are already noticing a shortage of skilled workers in a variety of engineering fields - civil, mechanical, industrial, you name it. Annual pay for engineers in the US now averages $72,965, well over twice the US average of just under $30,000 for workers in all occupations.
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Software engineers are in demand, too. The number of software engineering majors has plummeted by about 40% over the past decade. "Companies will compete for a scarce resource by offering more money," notes Dale Welch, a partner at Boston-area staffing firm Winter, Wyman & Co. "This year we're seeing starting offers as high as $90,000 for top MIT grads. The norm seems to be between $60,000 and $70,000." That's a big jump from average starting pay of $45,000 just two years ago, and the trend seems likely to continue for several more years.
Saliya Jinadasa
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Joined: Jul 21, 2003
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Software Engineering appears at the top of the 50 best job list in US. 10 year job growth forecast is 46%. I am not sure how true these figures are.
I started actuarial studies hoping for a career change from Software Engineering to Actuarial Science, which appears at 23rd place on the same list.
That sounds reasonable to me. Why do you doubt them?
--Mark
Shipra Verma
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I guess Java Developers are not true software engineers .
<a href="http://itpaypacket.blogspot.com/" target="_blank" rel="nofollow">http://itpaypacket.blogspot.com/</a><br />Life is unpredictable: eat dessert first :-)
Jason Cox
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Joined: Jan 21, 2004
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Seems like the difference between a developer and an engineer varies by company.
Regardless, I can attest that the technology field is pretty hot right now. I'm not currently looking and I still get unsolicited calls from recruiters. I could easily make $10K more by switching companies now. Unfortunately, I have not had an offer from a better company and I like what I do right now.
Unfortunately, the US massively shot itself in the foot. Many college students jumped from Computer Science a few years ago and the experience gap I predicted has come true. A lot of students are gunshy about the technology field after the dotcom bust. Combine that with a general aversion by American students to any subjects that contain a so much as a whiff of math and science and it makes generation of new talent very difficult indeed.
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