ENGINEERING & TECHNOLOGY
Positive Trends in the
Engineering Workforce
R
ecent surveys on the U.S. labor market point to favor-
able employment opportunities for engineers and sci-
entists, even in today’s struggling economy.
According to statistics compiled at the American So-
ciety of Mechanical Engineers (ASME), the nation’s engi-
neering workforce of more than 1.7 million professionals
is expected to increase by 11 percent through 2016. In ad-
dition, studies of the science and engineering labor force
conducted by the National Science Foundation note that
the strong growth in technology jobs over the past two
decades will continue, both
in absolute numbers and as a
percentage of the total labor
market.
Engineers and scientists are
earning good starting salaries
as well. According to the Na-
tional Association of Colleges
and Employers (NACE), 12 of
the 15 highest-earning college degrees are in engineer-
ing. Starting salaries in petroleum engineering average
$83,121, while mechanical, aeronautical, and industrial
engineers can expect offers in the mid to high-50,000’s.
The positive employment trends and boost in salaries
attractive offers which are beneficial for bank cus-
are encouraging indeed for ASME and other organiza-
tions that advocate science, technology, engineering and
tomers. Some of these offers are like no processing fees
math (STEM) education. ASME also encourages ongoing
and partial deposit of minimum amount. Apart from
continuing education and skills enhancement, which fos-
these, one can also win free gifts like travel bags, DVD
ter sustained career development and enrichment.
player, iPods and lots more. These are delighting offers
Early-career engineers as well as more seasoned engi-
through which one can take away his favourite enter-
neers have many resources for continuing education and
tainment gadgets. professional development, including ASME, which offers
It has been reported that these current accounts are short courses in a variety of disciplines like power engineer-
quite profitable for big corporates and companies. They
ing and bioprocess technology. In addition, the Professional
need a bank account which can give them maximum
Practice Curriculum at ASME allows engineers, particularly
freedom for doing international and national transac-
those in the early stages of their careers, to access learning
tions. For banks, such giant companies are the prime
modules on topics ranging from intellectual property and
customers as these customers deposit hefty amount of
negotiation to team building and risk assessment.
Engineers may also choose to augment technical skills
money and the banks in return give them maximum
with skills and aptitude in marketing, strategic planning,
profits.
accounting, financial systems and project management.
Opening current accounts means getting better
With innovation becoming increasingly important, com-
loans. Companies often need lots of money for devel-
panies require managers who can speak the language of
oping their projects and banks help these companies by
both technology and business to effectively manage and
providing them with attractive financial aids. If these negotiate projects in the global marketplace.
companies deposit more money in this account then For an engineer in a workplace that is demanding ev-
there is a possibility of getting maximum amount of
er-changing skill sets, education goes beyond a college
loans. HNM
degree. Learning must be a lifelong endeavor. For infor-
mation on engineering workforce development, contact
Source:
www.Free-Articles-Zone.com ASME at
www.asme.org.
Source: NewUSA
28 HISPANIC NETWORK MAGAZINE Celebrating 18 Years of Diversity
www.hnmagazine.com
WWW.HNMAGAZINE.COM Celebrating over 15 Years of Embracing Diversity 29
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