Per the book “The Millionaire Next Door”, just choosing to live below your means, saving 15% per year starting in your 20s, putting money toward retirement and long term goals, can make you a millionaire (in today’s money). However, keep in mind that these fields are competitive. For eventually making a lot of money, a BS in engineering is as good as any other degree, and maybe one of the best. A huge portion of that money goes to your employer. 2) Work your way up in a company and get into a management position - this means you would work more with people and less with the engineering side. Periodically take step back and check big picture. Engineering pays well, but in order to really earn a lot of money you need to either: 1) Start your own engineering firm - and be succesful. Newly minted professors make far less than seasoned ones, while certain locales – such as Washington D.C., California, and Massachusetts – pay more than other states. Engineering Success February, 2008 Bob Colwell UC Irvine 20 If product fails, team fails; if team fails, you fail. Don’t be afraid to obsess over your project. Commit yourself & your sacred honor to project. However, you are extremely unlikely to get rich working in a company in an engineering function. Engineering in this case is a blanket term that covers all sorts of engineering, from chemicals to aerospace. That said, be warned that Civil Engineering is not the highest paid “professional” career on the market these days. But design assuming you won’t get it. Specifically, petroleum engineers can expect to make the most, with an average salary of $88,700. The big trade off is job security. Engineer and pharmacist are good options as well. If you’re looking for other ideas, check out the list below. This is because with an engineering degree you are pretty much wide open to pursue anything you would like. However, on average, an engineer with a relevant college degree can expect a salary of $72,000. Author, blogger, software engineer and serial entrepreneur. It’s various income streams, most of which could be considered passive income that accounts for about 20% of the millionaires in the United States. Yes. You don’t have to be making six figures as a doctor, lawyer, or engineer to have a lot of money. Cut out the middle man if you want to get rich. These jobs can help you get to a six-figure salary quickly. Become an engineer. How to get rich: Those preparing for positions as engineering professors should consider three factors when trying to get rich: experience, location, and specialization. And one of the secrets of getting rich isn’t hard work, good news for all of us slackers out there. Yes, you can. A good engineer bills out between $120 and $350/hr. 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