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As a rule, no. Most engineers in industry do not perform research, so experience in research is not directly a big asset - most companies would more highly value a co-op or internship that put them in the workplace. There is, however, an indirect benefit of research - research generally requires a higher level of knowledge, and performing undergraduate research is a great way to cement the material for the student and produce a higher degree of understanding. While this is unlikely to help you get a job, it can really help down the road with job performance.</p>