<p>AEs generally get paid more than MEs because the degree is more specialized (as boneh3ad already mentioned). The core classes between the two degrees are the same, and roughly half of the junior/senior level classes will be the same as well. The other half of the junior/senior year classes will have an aero/astro focus, as opposed to a robotics/HVAC/vibrations focus like you might see in ME.</p>
<p>You’ll find that when most companies post job openings, they will usually lump together many of the engineering degrees for the required education portion. For example, it’s not uncommon to see openings that require an ‘engineering, or science degree’. Few jobs specifically require an AE or ME degree unless you’re applying for high level, research oriented positions. Although, some positions might prefer (not require) one or the other.</p>
<p>Job stability depends on the company/organization you apply to. A good number of AE’s work as defense contractors and/or engineers at small companies, and these are some of the most volatile jobs out there. If you go down this path, you can pretty much expect you’ll be changing jobs (and possibly locations) atleast once every decade. On the plus side, defense contractors can make a lot of money, which is why many engineers choose to go down this path. Great if you’re planning to be single without kids for a long time! </p>
<p>On the other hand, if you decide to work as a government “blue badge” engineer, you can expect to have much better job security. In fact, it’s not uncommon to work your entire career for one organization. A much better option if you plan on having a family and/or being able to retire someday! The downside of working for the government is the bureaucracy, which generally makes it difficult to get work done and/or develop new products/technology.</p>
<p>In the middle of the job stability spectrum, theres the large commercial aircraft/spacecraft companies. Generally speaking, as long as you’re not a contractor, you are pretty safe. Also, the pay and benefits are pretty good. The downside, like the government, is bureaucracy.</p>