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We're pretty OT here, but I think it depends on what you're doing. My BIL is a Chem E by education and works for a large, multinational engineering firm doing systems/process engineering, basically designing and building (or retooling) factories. In his case, without his PE, he's basically an overqualified draftsman. With it, he can be a project lead/site manager...and it more than doubled his salary. Kind of like going from resident to attending.When I got my MS in E.E. many years ago, not many of us saw the need for PE. It seemed anachronistic for the type of work we were doing - software, fiber optic, chips, control systems, antenna design, etc to name a few areas. At the time, we E.E.s perceived it was more the mechanical and civil engineers that needed the professional designation. Not sure how it is emphasized now, or how relevant. It certainly seems analogous to our medical credentialling. I often wonder how things would have been if I stayed in engineering, but I do love the clinical work and learning.
Agree that for a lot of other types of engineering, it's unnecessary or superfluous.