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Is EE a good field to enter around 2020 and what to the usually focus on?
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Probably, and who knows? A lot can change in 8 years!! Regardless, engineering will almost definitely still be better than the vast majority of college fields.
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Can EE be versatile and if the situation arises and I need to change engineering jobs to some other area of engineering, will a degree in EE fine for the job?
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Engineering is largely a career of specialization, and while switching between specialties is sometimes possible (ex, I switched from antenna design to optics) switching between
disciplines (like EE to Aerospace) is extremely difficult and will generally require not-insubstantial coursework.
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I did some research and found that EE does not pay as well as other engineering jobs, why is this?
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There are a comparatively large number of EE's out there and a relatively large number of "easy" EE jobs. Ultimately, it is all supply and demand, but remember that while some fields make more money they almost all suffer from rougher working conditions (Petroleum E) or drastic ups and downs in the industry that can result in sporadic work (Aerospace). But all that could change by the time you graduate.
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I am not going into this job for the money, but I am wondering what is the $ right out of college?
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Pretty good, but I do not have numbers for you, especially not numbers that will be meaningful in 8 years.
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Final, do I need MS or will a BS be fine? For anyone who lives in Texas and is a EE please tell me your opinion of a good college with a good program for EE?
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It depends on your aspirations and specialty - some (like antenna engineering) are not well-covered in most undergrad programs and so employers usually want the MS. Regardless, most engineers will get a masters at some point, often by taking night classes at a nearby college. As for Texas, UT Austin is the best in the state for EE.