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01-19-2005, 01:36 AM
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#46 | | Junior Member
Join Date: Oct 2004
Threads: 15
Posts: 283
| Engineers would never make 200k. The most they can expect is about 110k. And actuaries don't make that much either. Accoring to BLS:
"Median annual earnings of actuaries were $69,970 in 2002. The middle 50 percent earned between $50,510 and $99,820. The lowest 10 percent had earnings of less than $39,700, while the top 10 percent earned more than $137,650."
The median salary for actuaries is only 70k and the highest 10% make about double that. Very few would make 200k. | 
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01-19-2005, 06:24 AM
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#47 | | Junior Member
Join Date: Aug 2004 Location: Jackson, Michigan
Threads: 16
Posts: 291
| macattak said:
I'm still waiting for the source for the average engineer that makes over $200k.
My comment:
I'm still waiting for that 200K to show up in Husband's pay check! Either VTBoy is mistaken, or Husband's pay check is really, really short 
Peg | |
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01-19-2005, 08:12 AM
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#48 | | Junior Member
Join Date: Dec 2004
Threads: 5
Posts: 239
| I personally know 2 mech eng on the job more than 20 years. Both love their jobs. The one does indeed make slightly more than 100k, the other? no where near that. 200k is a made up figure perhaps? | |
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01-19-2005, 08:49 AM
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#49 | | Member
Join Date: Oct 2004
Threads: 37
Posts: 564
| "Median annual earnings of actuaries were $69,970 in 2002. The middle 50 percent earned between $50,510 and $99,820. The lowest 10 percent had earnings of less than $39,700, while the top 10 percent earned more than $137,650."
The median salary for actuaries is only 70k and the highest 10% make about double that. Very few would make 200k."
That is not correct. You are misunderstanding that. Since most actuaries end up droping out because they are unable to compleate the program. This is from a study which does a survey on actuaries. http://www.actuaryjobs.com/salary.html
For Casulty actuaries.
The bottom 10% with 20+ years of experience made 124K and the top 10% made around 400K. | |
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01-19-2005, 07:25 PM
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#50 | | | fine VTBoy, go make your million. | |
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01-19-2005, 08:08 PM
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#51 | | Junior Member
Join Date: Dec 2004 Location: Terre Haute, IN
Threads: 5
Posts: 170
| Even if what you say is true, the percentage of actuaries that actually make it that far are a minute percentage of the industry as a whole, possibly 1-2%. Good luck. | |
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01-19-2005, 08:57 PM
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#52 | | Member
Join Date: Oct 2004
Threads: 37
Posts: 564
| "Even if what you say is true, the percentage of actuaries that actually make it that far are a minute percentage of the industry as a whole, possibly 1-2%. Good luck."
It is not 1-2% like engineering salary for actuarial science grows almost exponentially. While the top 10% for all actuaries is 140,000 about. The top 8-7% is around 200K, since growth rate is exponential. The same is true for engineering. This while in EE you start out making 55-60K a year, after 20 years you are making close to 200K. | |
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01-19-2005, 09:51 PM
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#53 | | | good luck making that i don't know if VT stands for virginia tech, but if it is, u are really funny. | |
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01-26-2005, 06:30 PM
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#54 | | Junior Member
Join Date: Nov 2004
Threads: 5
Posts: 37
| *ahem*
Father: Masters in Computer Science - 15 years in the same company (IBM), ~70k
Mother: Masters in Computer Science - 14 years work experience, currently Verizon for ~80k
Where the hell are you pulling these figures from? | |
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01-26-2005, 07:48 PM
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#55 | | Junior Member
Join Date: Oct 2004
Threads: 15
Posts: 261
| Most engineers from IBM that I know are managers that make around 110k
The engineers who are not managers make a little over 100k , they start out with a high salary and cap out after 10 years
Most big managers and Vp's and up have their engineering degree with a MS and then an MBA on top | |
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01-26-2005, 09:43 PM
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#56 | | Senior Member
Join Date: Dec 2004
Threads: 38
Posts: 1,440
| Dude 20o K cmon! Average BS degree fetches you around 70000 - 120000. | |
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01-27-2005, 04:02 PM
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#57 | | Senior Member
Join Date: Oct 2004 Location: Warrenton, VA
Threads: 39
Posts: 1,508
| timosy where did your parents goto school? where do they work? it plays a big difference. if they got MS from lower level schools they are less likely to make as much. | |
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01-27-2005, 04:21 PM
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#58 | | Junior Member
Join Date: Oct 2004
Threads: 15
Posts: 283
| They have 14+ years of work experience. At that point, where they went to school becomes absolutely irrelevant compared to their work experience. | |
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01-27-2005, 04:39 PM
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#59 | | Member
Join Date: Oct 2004
Threads: 21
Posts: 421
| The prestige of your school really doesn't affect your salary. This applies to engineers. Pretty much all engineers get the same, standardized, accredited curriculum and all get very rigorous training. Your salary depends more on locality and experience. | |
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01-27-2005, 05:08 PM
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#60 | | Junior Member
Join Date: Dec 2004 Location: Eatontown, NJ
Threads: 4
Posts: 105
| My dad got his Masters in Computer Engineering
Worked for AT&T for over 20 years
Was on the top of the payroll, which is why he got dropped not too long ago
He only was making 90K | |
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