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I hate to sound like a broken record, but I just wanted to point something out from one of the links that OncoCap posted above:
This supports what I was saying in my earlier post. One almost inescapable fact about engineering is that it is a young persons' field. Even if you love the job, you face a very real possibility of being replaced as you get older. Very cynical people might say that you are at a high risk of having your job outsourced to India/China/etc, but more commonly, you are simply replaced by N new college grads (N = floor(your salary/typical starting salary)). Most engineers don't stick around to see this happen and they do one of 4 things:
1. Become Managers
2. Start their own company (very difficult in my field -- you need lots of capital to start a semiconductor company, but obviously still a formal possibility)
3. Change Careers
4. Make enough money through investing/stock options that you can retire early.
Like I said, with stock option grants becoming more anemic (or non-existant from some companies -- Microsoft is one that comes to mind) option 4 becoming less and less likely, leaving 1-3 as the only viable options.
While one has to define the word "old," the highest percentage of engineers responding to the survey fell in the 36-45 age group. Managers had an older age group, with the highest percentage at 42% responding from the 46-55 category. On the engineering side, 4% were 25 or under, while on the managers' side, 19% were 55 and older.
This supports what I was saying in my earlier post. One almost inescapable fact about engineering is that it is a young persons' field. Even if you love the job, you face a very real possibility of being replaced as you get older. Very cynical people might say that you are at a high risk of having your job outsourced to India/China/etc, but more commonly, you are simply replaced by N new college grads (N = floor(your salary/typical starting salary)). Most engineers don't stick around to see this happen and they do one of 4 things:
1. Become Managers
2. Start their own company (very difficult in my field -- you need lots of capital to start a semiconductor company, but obviously still a formal possibility)
3. Change Careers
4. Make enough money through investing/stock options that you can retire early.
Like I said, with stock option grants becoming more anemic (or non-existant from some companies -- Microsoft is one that comes to mind) option 4 becoming less and less likely, leaving 1-3 as the only viable options.