Engineers Salaries : Equation

Edwards Finance > Mechanical Engineering

Q. Recently one of my friend showed one of the salary survey. The median salaries look lot higher than what we make around in michigan. (Or I have been fooled). Also it seems to me that people who join afterwards tend to make more. I mean the big industries cannot keep up with the market rate and inflation. Also once you are in, they dont care. Here is a formula that i would like to give you: Great salary : 2*your age Good salary : 2*your age -5000 Average Salary: 2*your age - 10000 I have not considered lots of factors, geographical location may play big role (New york city, L.A.) management experience, supply/demand and so on Your thoughts ?

A. -This sounds slike total BS to me. It is based on Ye Ol tradition of pay somebody based on number of years experience which is total bullshit- especially nowadays where most "older" people are not as computer literate as the younger ones and therefore might tend to be less productive. I believe one's salary should be based on productivity, value add to the company, enthusiasm (ability to motivate yourself and people around you), teamwork, and quality of work produced. The younger people out there (like most of the people reading this) need to step up and assert their value to their employers to get the extra pay. Otherwise you're stuck with the traditional pay based on number of years. It's quality AND quantity. -make more. I mean the big industries cannot keep up with the market rate and inflation. Also once you are in, they dont care. Here is a formula that i would like to give you: Great salary : 2*your age Good salary : 2*your age -5000 Average Salary: 2*your age - 10000 I have not considered lots of factors, geographical location may play big role (New york city, L.A.) management experience, supply/demand and so on Your thoughts ?

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