<p>I agree with that, but you gotta place the question in the proper context. The guy was asking to compare good ChemE jobs vs. Ibanking jobs, and if you’re asking about IB, then clearly you’re not all that wedded to an engineering job. Working as an investment banker at Goldman Sachs ain’t gonna boost your credibility for an engineering job at Pfizer, but will boost your credibility immensely if you want to get into the Corporate Finance department at Pfizer. </p>
<p>This gets back to something I’ve been saying for awhile. A lot of people who pursue engineering degrees don’t really intend to work as engineers forever, and some of them don’t intend to work as engineers at all. They’re pursuing the degree for its marketability and its ‘backup career’ potential, not because they’re really champing at the bit to work as engineers. These people are just looking for a solid career. And let’s face it - consulting and banking are about the 2 most high-powered business career tracks you can get, and are well-recognized as the fast track to get into top management even at chemical engineering firms. I would submit that if you want to get into the top management at a pharmaceutical or a top petrochemical firm, you would probably get there faster by working as a McKinsey consultant than working as an engineer. Whether that’s fair or not fair, that’s the reality of the game. </p>
<p>This extends even across industries. Google and Yahoo surely have nothing to do with chemical engineering. But again, a lot of people who pursue chemical engineering aren’t all that wedded to chemical engineering anyway (which is why they consider running off to consulting or banking). Let’s face it. If some biotech company were to raise its desirability as an employer to the level of Google, then it would attract not only bioE’s and ChemE’s, but also EE’s, ME’s, even Civil E’s, heck, maybe even some PetroleumE’s. Everybody wants a good job, and they’re going to be attracted to whoever is offering a good job, even if it’s outside their realm of expertise. </p>
<p>A central point that I am stressing is that an engineering degree is just a bachelor’s degree. You’re not choosing a career for the rest of your life. It’s just a degree. Just because you have a chemical engineering degree does not mean you are obligated to work as a chemical engineer. All degrees are fungible to some extent - you can use them to go into other fields if you want. It’s obviously easier to get into certain fields with certain degrees but there is no hard and fast rule. I know software companies that hire humanities majors that happen to have computer programming skills. Heck, those same software companies hire some people who have no degree at all, but who have computer skills. And like I said, after you’ve worked for a couple of years, nobody is going to care about what sort of degree you have anyway. I know a girl who’s worked as a wafer-fab engineer at Intel for years, but doesn’t have an engineering degree (instead, she has a BS/MS in chemistry). Nobody cares that she doesn’t have an engineering degree because she’s proved that she’s a competent engineer on the job. In fact, her “engineering” career has been so stellar that Intel is sponsoring her to go to MIT LFM (the dual MBA+MS program) while paying her salary + stipend while she’s there. </p>
<p>However, the larger point is that if companies want to prevent the top engineering students from thinking of other careers, then they have to improve the offerings of their engineering jobs. If they don’t, then many top engineering students will inevitably run off to consulting/banking or law/med school. I see that this even holds true for the guys who graduate with PhD’s in engineering. You would think that somebody who gets a PhD in engineering truly loves engineering. Yet even some of them get enticed to go to fields like consulting. Heck, right now, I see that one of McKinsey’s ‘featured’ consultants is a guy who joined McKinsey right after completing his PhD in EE at Stanford. </p>
<p><a href=“http://apd.mckinsey.com/jump/consultant.asp?pid=1[/url]”>http://apd.mckinsey.com/jump/consultant.asp?pid=1</a></p>
<p>On the one hand, I’m happy that these people have these other career opportunities that clearly fit them better. On the other hand, it saddens me to notice that companies and academia can’t or won’t offer strong enough opportunities to stay in the industry and prevent the braindrain out of engineering and to fields like consulting/banking.</p>