Our buzzword for your engineering career this year is INVESTMENT. The modern world of business, education and almost everything else centers around the principles of investment. You put something in, and hopefully (with copious amounts of elbow grease) get something out.
When an investor looks at which companies he/she might invest their hard-earned money into, the most important factor they consider before investing is growth potential. The question they ask themselves is: Will this company expand and grow so that the money I have invested into it will do the same?
Pursuing engineering as a career choice also involves investment. Investing time and money into becoming a professional in one of the most lucrative industries of the modern world. Therefore, as a prospective engineer - formulating your career goals - monitoring which engineering disciplines have the most growth potential for the future of your employment would be beneficial.
RevPart, an engineering company which specializes in rapid prototyping and 3D printing for several engineering industries, has published their outlook on growing engineering industries with the most attractive starting salaries for the year 2017.
Engineering Employment Outlook from RevPart
RevPart indicates that the starting salary for a Mechanical Engineering will be $83,950 per annum as of this year. They also say that mechanical engineers will be involved in the building of the next "wave of self-driving cars".
Automotive engineering - an industry that utilizes the discipline of Mechanical Engineering - has become a serious bone of contention in the United States as the country approaches Inauguration Day (20 January 2017). President-Elect Donald Trump promised car manufacturers, Ford, Toyota, and General Motors, that if he were to become president, there would be a tariff imposed on any vehicles manufactured in Mexico and sold back into the United States
Ford has since announced that they would drop plans to open a factory in Mexico, and rather opted to expand their plant in Michigan and create 700 American jobs.
Automobile manufacturers are seemingly following by example, and doing an about-turn on any foreign plans: Fiat Chrysler has announced that they will invest $1 billion into making three new Jeep models in the United States, and revamp factories in Michigan and Ohio.
The move is set to add 2,200 jobs, the company confirmed in a statement. Daimler AG has also pledged $1.3 billion to expand production of SUVs in Alabama. Volkswagen Group have recently also said that their investment into United States expansion will top $7 billion between 2015 to 2019.
Mechanical Engineers will be on the forefront of a thriving engineering industry that is combining more and more engineering disciplines, as a result of the modernization occurring in the automotive industry.
To see how automotive engineering could fit into your career goals, take a look at this video from Jaguar Land Rover:
Jaguar Land Rover sold a record 583,312 vehicles in 2016, according to Reuters.
The other industry showing growth this year is the biomedical industry. It's expected to grow by 23 percent over the next 10 years. And it's easy to see why with engineering endeavors like these: A flexible, wearable, 'Star Trek tricorder' health monitor is here.
Monitoring and improving the health of humans through biomedical engineering technology is just another example of how engineers are continually changing the world.
We will focus on industrial, material and aerospace engineering in the second part of our series on: Choosing the right Engineering discipline for your future career.
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